Training Programs
Dexter Internship Program
Eligibility
- CFA Level 1; &
- 6 - 12 months experience in:
- Private Equity / Venture Capital
- Front-End Investment Banking
- Back or Middle Office roles in a bulge bracket investment banking firms supporting their front-end IB team
- Investment Banking KPO
- Financial Due Diligence in Big 4
- Commercial Due Diligence in top tier Consulting Firm (MBB, Alvarez & Marsal, AT Kearney, Praxis Global, etc.)
- Credit Rating agency
- Equity Research
- Candidates not eligible for the Management Trainee Program due to education or experience, or those unable to meet the cut-off percentile for the Management Trainee Program, but demonstrating keen interest and a hunger for business, finance, entrepreneurship, and/or investment toward investment banking.
Program Duration
24 months of the internship program (6 months under Internship Program + 6 months under Management Training Program + 6 months under the Junior Fellowship Program + 6 months under the Senior Fellowship Program)
Compensation
- • First 0-6 months (Internship Program) ₹30,000 per month
- • Next 7-12 months (Management Training Program) ₹40,000 per month
- • Final 13-18 months (Junior Fellowship Program) ₹55,000 per month
- • Final 19-24 months (Senior Fellowship Program) ₹65,000 per month
Intake : 2 candidates every quarter
What You Can Expect
- Front-end role – direct interaction with start-up founders from Day 1
- Understanding of the full deal cycle – right from first call with the founder to the time money is in the bank
- Understand Dexter’s thesis unique lens of start-up evaluation
What You Will Work On
- Interaction with start-up founders from day 1 in evaluation of potential deals
- Assisting the deal lead in entire deal execution including being part of Dexter-Investor calls Company-Investor calls
- Collateral preparation including financial model, IM, Teasers, competition benchmarking, valuation comps, etc.
- Coordination of various due diligence processes (tax, financial, legal, etc.), investor/client calls meetings, etc
- Deal documentation closure processes
- Industry/sector research for deal sourcing assist in finalizing M&A/VC/PE mandates
- Preparation and updation of marketing materials for clients, media, conferences, etc.
- Updating internal MIS/databases
How to Apply
- Interested candidates may apply with their resume and a cover letter at careers@dextercapital.in for the Dexter Internship Program. The cover letter should demonstrate your keenness to the business/finance/investment field, why you want to make a career in this field, and what has been done to date (apart from standard academic and professional work) to demonstrate your keenness. It would be great if you can highlight why you want to work specifically at Dexter (please feel free to reach out to any of Dexter’s past or current team members).
- To keep it efficient for both sides, the candidate(s) must apply to the correct program based on their education qualification and work experience. Please avoid applying to the wrong program, in case the candidate is not clear about which program to select, please clarify it first with the Dexter team by sending an email to careers@dextercapital.in as we would be happy to assist you in applying to the right program. The shortlisted candidates will be contacted to appear for a basic assessment test. The test would be online and adaptive with a focus on financial knowledge (upto CFA L1 level), quantitative concepts, economics, and critical reasoning. The test would have a moderate difficulty level and would be time-bound so the candidate(s) may brush up on their knowledge and may give some mock tests before appearing for the actual test. A percentile method with a minimum cut-off score would be used to shortlist candidates.
- On clearing the test, the selected candidates thereafter would need to go through a rigorous interview process with a minimum of 2 rounds which can last up to 4 rounds before final selection can be made.
- If the candidate does not get shortlisted, he/she may re-apply again after in 3 months upon improving his/her skillset.
- The selected candidate would be on a contract basis while undergoing training and would convert into a full-time employee post-successful completion of the program.
- The candidate will be required to enroll in any of the online courses approved by Dexter.
- The expenses including fees for undergoing the training and taking up online courses shall be required to be borne by the candidate and the same will be reimbursable on successful completion of the academic program. i.e when the candidate has not only completed the program for training purposes but also score a “pass” grade from such a program. Subject to successful completion of the academic program as defined above, the expenses/fees incurred for undergoing the above training program will be reimbursed once the candidate completes the 2 years of continuous employment with Dexter from the date of initial enrolment in the said academic program.
- While undergoing the study course, in parallel, the candidate would be expected to work with Dexter team and devote full professional time to complete the expected job responsibilities.
- The duration of each program i.e internship, management training and the two fellowships (including the study course) will be 6 months.
- Post successful completion of the internship and based on the supervisor’s evaluation (2 evaluations every two months and a final evaluation at the end of the internship), the Internship Program may be converted into the Management Training Program which post successful completion and upon evaluation may be further converted into a Junior Fellowship Program. Upon successful completion and evaluation of performance in Junior Fellowship Program a Senior Fellowship program may be offered; and on completion of this Senior Fellowship Program and upon evaluation – a full-time offer of employment for the role of Investment Banking Analyst may be extended to the candidate.
- In the event, the candidate has not completed the academic program or the candidate’s performance has not been at the desired level, and a full-time offer is not extended, the program duration may be extended by 3 to 6 months in which the candidate would be required to overcome the deficiencies as pointed out in evaluation and convert this into a full-time position, failing which a full-time offer shall not be extended.
- The program can be terminated at any point in time in the event of indiscipline; lack of sincerity towards work or other extraordinary circumstances.
- Candidates are also encouraged to enroll for CFA Level -1/2/3 examination fee for the same will be initially borne by you and would be reimbursed upon (a) you successfully scoring a “pass” grade in the said CFA exam and (b) completion of 12 months from becoming a full-time employee or CFA results whichever is later.
- Company does not provide any relocation expenses.
- The candidate while pursuing the program would not have access to Company’s insurance/health care benefits. However, once the candidate converts into full-time employment then standard healthcare/insurance benefits which are applicable to all other team members would be available.
- Note: Please note that any candidate joining one of our programs is required to have his/her own laptop for work. The company will not be providing laptops.