Neuberger Berman
Secondaries MBA Summer Intern
Neuberger Berman, New York, New York, us, 10261
Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 39 cities, Neuberger Berman's diverse team has 2,850+ professionals. For nine consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm was awarded five stars in every category in the latest available (2021) Principles for Responsible Investment (PRI) report for our approach to ESG integration across asset classes. The firm manages $509 billion in client assets as of September 30, 2024.
NB Private Equity
NB Private Equity is one of the largest private equity managers in the world with over $100 billion in AUM. Summer Associates will work as part of NB’s Global Secondary Private Equity team, which manages over $17 billion of investor commitments. With a flexible, global investment mandate, the team can invest across a wide range of asset classes, geographies, and industries. The team’s transaction focus includes complex GP-led secondary transactions (e.g. continuation funds, fund restructurings, preferred equity financing and other bespoke structured transactions), traditional LP interest acquisitions, and other direct investments arising from special situations. This is a fast-growing platform that has significant capital to invest. The secondary team is currently investing out of their fifth flagship fund, which held a successful final close in 2022 at $4.9 billion, raising nearly double the size of its predecessor fund, and their second GP-led secondary fund.
Responsibilities
The role is based in New York and offers an exciting opportunity to be part of NB’s fast growing secondary private equity platform. Our culture fosters an entrepreneurial environment and all junior/mid-level members have constant interaction with senior leadership. As part of a deal team, the Summer Associate will gain a broad experience and contribute to every aspect of our investment cycle. Key responsibilities include:
Screening and conducting due diligence on secondary private equity investment opportunities
Performing in-depth research and financial analysis on companies and assets from various stages, sectors, and geographies
Preparation of due diligence materials, screening and investment committee memos
Interacting with external parties, including private equity sponsors, industry experts and investment bankers, as well as with other areas of the firm internally, to enhance due diligence insights and identify new opportunities
Monitoring and conducting analysis on the firm’s existing investments
Qualified candidates will have:
Targeting current MBA students graduating in Winter 2025 or Summer 2026
Excellent academic credentials and GPA
At least 4 years of professional experience in top-tier investment banking and/or private equity. Buyside experience strongly preferred.
Strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
Show initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
Ability to multi-task with a fine-tuned attention to detail
Team-player attitude and a desire to work on a wide range of projects
#LI-DNI
Compensation Details
The salary range for this role is $180,000-$180,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
Neuberger Berman is an equal
opportunity/affirmative
action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact
onlineaccommodations@nb.com
.
Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) .
Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $481 billion in client assets (as of June 30, 2024) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 750-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by
Pensions & Investments
as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.
For important disclosures: http://www.nb.com/linkedin
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 39 cities, Neuberger Berman's diverse team has 2,850+ professionals. For nine consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm was awarded five stars in every category in the latest available (2021) Principles for Responsible Investment (PRI) report for our approach to ESG integration across asset classes. The firm manages $509 billion in client assets as of September 30, 2024.
NB Private Equity
NB Private Equity is one of the largest private equity managers in the world with over $100 billion in AUM. Summer Associates will work as part of NB’s Global Secondary Private Equity team, which manages over $17 billion of investor commitments. With a flexible, global investment mandate, the team can invest across a wide range of asset classes, geographies, and industries. The team’s transaction focus includes complex GP-led secondary transactions (e.g. continuation funds, fund restructurings, preferred equity financing and other bespoke structured transactions), traditional LP interest acquisitions, and other direct investments arising from special situations. This is a fast-growing platform that has significant capital to invest. The secondary team is currently investing out of their fifth flagship fund, which held a successful final close in 2022 at $4.9 billion, raising nearly double the size of its predecessor fund, and their second GP-led secondary fund.
Responsibilities
The role is based in New York and offers an exciting opportunity to be part of NB’s fast growing secondary private equity platform. Our culture fosters an entrepreneurial environment and all junior/mid-level members have constant interaction with senior leadership. As part of a deal team, the Summer Associate will gain a broad experience and contribute to every aspect of our investment cycle. Key responsibilities include:
Screening and conducting due diligence on secondary private equity investment opportunities
Performing in-depth research and financial analysis on companies and assets from various stages, sectors, and geographies
Preparation of due diligence materials, screening and investment committee memos
Interacting with external parties, including private equity sponsors, industry experts and investment bankers, as well as with other areas of the firm internally, to enhance due diligence insights and identify new opportunities
Monitoring and conducting analysis on the firm’s existing investments
Qualified candidates will have:
Targeting current MBA students graduating in Winter 2025 or Summer 2026
Excellent academic credentials and GPA
At least 4 years of professional experience in top-tier investment banking and/or private equity. Buyside experience strongly preferred.
Strong judgment, critical thinking and written skills; ability to articulate and present ideas effectively both orally and in written form
Show initiative and creativity in approach to problem solving; demonstrated experience in conducting research and interacting with others to develop solutions
Ability to multi-task with a fine-tuned attention to detail
Team-player attitude and a desire to work on a wide range of projects
#LI-DNI
Compensation Details
The salary range for this role is $180,000-$180,000. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. This range is only applicable for jobs to be performed in New York City. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, any collective bargaining agreements, and business or organizational needs. This job is also eligible for a discretionary bonus. We offer a comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), life insurance and other benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, production, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
Neuberger Berman is an equal
opportunity/affirmative
action employer. The Firm and its affiliates do not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact
onlineaccommodations@nb.com
.
Learn about the Applicant Privacy Notice (https://www.nb.com/en/global/disclosure-privacy-policy) .
Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. From offices in 39 cities worldwide, the firm manages $481 billion in client assets (as of June 30, 2024) across a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally.
Tenured, stable and long-term in focus, the firm has built a diverse team—including 750-plus investment professionals and more than 2,800 employees in total—united in their commitment to delivering client outcomes and investment excellence. It is our people who define our culture and have enabled us to be recognized by
Pensions & Investments
as the first or second "Best Place to Work in Money Management” for last eight consecutive years (firms with 1,000+ employees).
Neuberger Berman believes strongly that all employees are entitled to be treated with respect and dignity, and to work in a professional and safe environment. These values are the cornerstone of our firm. We prohibit any form of harassment, whether mental, verbal or physical. We do not tolerate the support of terrorist groups, acts of terrorism, or threats of violence. All who wish to be employed by the firm are expected to uphold these principles.
For important disclosures: http://www.nb.com/linkedin