Undergrad Summer Internship : CPPIB vs BB Offer
Hi All,
I am currently torn between two Summer Internships offers : one from a BB bank, the other one in Private Investments (kind of Private Equity) at Canada Pension Plan Investment Board.
Both offers are in London. From what I've gathered during the interviews and through my own research, the work at CPPIB is far more interesting, gives more responsibilities and is closer to what I would like to do later. They also assured me that they were willing to hire all their Summer interns for full-time positions, and that it was the goal of their Summer programme. However, I feel that the training programme is much better and more established at the BB bank, and that if I take the CPPIB offer, I will close more doors than if I were to take the BB one.
I am also worried that having only CPPIB on my resume, if I leave after a couple of years, might not allow me to go back to a bank or to another good position on the buy-side.
Do you think working 80+ hours weeks at the BB is a necessary step to a successful career, or are the kinda recent opportunities that have popped up on the buy-side - such as the one I have at CPPIB - the better path if I'm not deadset on spending 20 years in a bank ?
Thanks in advance for all your insights,
Have a nice day,
In the CPPIB role, are you doing allocations to PE strategies, PE coinvesting, or direct PE deals?
There are rotations through co-investment, direct PE and infrastructure during the summer internship Programme.
That's a pretty neat program. I think I'd have a hard time choosing as well - the BB analyst role is definitely more the "standard" path to take, but frankly I think the CPPIB role is more interesting. Is it a 2 or 3 year program, or how does that work?
I wouldn't worry so much about "having only CPPIB" on your resume - it's pretty well known in finance. The thing I'd focus more on is that the CPPIB role wouldn't lead to the 2 years of IB, 2 years of PE, then MBA structure that you would get in banking. In other words, some people value structure, and banking certainly provides that, but there's a lot of value in doing things that are genuinely interesting to you as well. Ultimately it's up to you, but congrats on both offers.
One other thing I forgot to mention - I have no idea how big CPPIB actually is in London, so keep in mind local vs. global presence as well.
Hey Laitue, I'm new on here too. Recently began as an analyst for a Canadian pension fund (PE - infrastructure) as well. I'm also curious as to how this experience compares to other PE positions.
Hello, Have a f-to-f interview at CPPIB for London soon. Any tips? Cheers
Old thread, but i feel compelled. The canadian pension funds have been the beginnings for a great number of canadian tier 1 MBAs. Primarily because you can get buy-side experience immediately. Post-mba the upside is greater levels of responsibility, better culture, and job security. Downside of course is that compensation is capped. Pre-MBA i'd say its a fantastic place to start. Post its moreso a lifestyle decision.
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