The financial services deserve a mention

We haven’t had many posts about the financial services industry (working 16 hour days probably leaves little time to read blogs), but this intern advert certainly deserves a mention. A private equity firm asking for 2-3 months unpaid work! I am no banker – but I bet the money is sloshing about somewhere to pay NMW! Especially with offices in London, Paris and New York!

As an intern at Fidequity you will be an integral member of our team and will work hands-on with all team-members. Some of your tasks will include: researching the private equity market, database management and presentation preparation, along with general administrative duties.
Please note that this is an unpaid internship, however, reasonable out-of-pocket expenses, such as travel, will be reimbursed.

Staggering. As the person who emailed us this advert said:

No private equity firm who is still solvent cannot afford to pay staff for admin work. So either this is truly despicable money-grubbing, or it’s a conscious filtering ploy to ensure that only people who were born with a silver spoon can afford the admission fee to enter their hallowed industry.

Any financial services interns care to comment? Or even better – write to us with your own intern stories. Both good and bad.

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