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Avoid at all costs
To begin, I want to note that without a conventional finance background or target school, I was hungry to make my "big break" into high finance, and was put under the impression that the internship at New Century Capital Partners would be akin to other boutique banks. I was wrong. Not only have they very obviously and blatantly fabricated reviews on here (which include severe grammatic errors, a big no no in banking), but they genuinely treat interns with no regard. 3-6 interns are brought in every 6 months to essentially do slave labor (I get it, it's banking.. but it's also an unpaid internship). If there is any question about how unprofessional and illegitimate the bank is, google the firms address and look at the building they are in. They shove 3-6 interns in a tiny, poorly maintained office and in turn give them no modeling experience, etc. The most significant work you do is studying for exit interviews (assuming you are lucky enough to land one). There are no full-time analysts (despite the false titles by current interns that are done in hopes that they get a full time offer somewhere else), associates, or VP's, so the instruction is non-existant. They flaunt the fact that you get to interface with MD's, but most of the MD's are just part-time advisors.. and the only reason you get so much facetime is because they don't have any other full time employees. Mark Salter, the founder, is a rotten human being who is exceptionally insecure and lacks an ounce of emotional intelligence. Despite having an MBA from HBS and an undergrad degree from Dartmouth (which he never lets anyone escape a conversation without mentioning), Mark is an underwhelming professional with horrifyingly little knowledge of finance. He relies extremely heavily on the people around him for expertise, modeling, and attention to detail. They tout the internship program being similar to a BB Bank on Wall St. and have even fabricated a review on here to say that someone passed up a full time offer from a BB bank in NYC to come intern here.. for free? How dumb do they think that people are? Honestly, coming full circle, I would avoid this firm and its cancerous culture at all costs. The echelon of the people you work with is extremely low (look up current interns on LinkedIn.. some are very unprofessional), the exit opps are non-existent even though they promise to introduce you to banks, and you'd be better off somewhere else.
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