Is it worth interning at an investment bank during my MBA internship summer if I plan on going back to consulting afterwards anyways? It would be just a resume enhancer.

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You're going to have a miserable summer, so if you're okay with that and want the experience, go for it.

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Is an Ibanking summer enough to open up PE doors post MBA?

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Not if you plan to go back into consulting as stated above 😜 Ideally you're going for a PE/PE-near internship, not ibanking

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@A2 there are almost no opportunities for post-MBA PE without pre-MBA PE! At the VP level on the investment team, you are expected to run deal processes, which naturally implies that you have worked in private equity beforehand. Therefore, as you would expect, a summer in investment banking as an MBA intern would not be sufficient.

There is a possibility of your being able to swing an operating team role (e.g., KKR Capstone). However, my understanding is that this would be portfolio company operations, not a true finance or board-level influencer role, and in any case, these positions are very competitive and because they are generally limited to large funds that need a true operating team, will also generally look for pre-MBA PE ops or investment team experience even in MBB consultants.

Source: Top MM PE investment team associate offer, many friends from school in PE. (This topic comes up ad nauseam on FB so it's worth noting).

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OP, if you want to do PE, do it now. You won't get another real chance again.

3 chances to go to PE: after undergrad, after 2-3 years at MBB or right after MBA. If that's what you want, don't go back to consulting.

You can also do banking for 2 years as a post MBA associate/lateral hire and then do P.E... There's no shortage of bulge bracket banks or boutiques hiring... Or you can say screw P.E and do a search fund if you're up for it... P.E is saturated at the higher levels and MM funds are starting to play in the $3-5M growth space...

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