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Start-Up : Work Experience : Unpaid

MBB work experience
New answer on Jun 15, 2022
11 Answers
853 Views
Anonymous A asked on Jun 14, 2022

Hi Prep Lounge coaches,

I have multi year experience with 2 Fortune 500, SME as well as starting and working for successful start-up companies.

However, I have a question regarding 1 unpaid start-up work experience on my CV/Resume.

I had previously joined a start-up, where I was performing consulting work on the side. It was unpaid and the plan was to be compensated in the future, if the company became successful. I decided to leave during the start of the pandemic as engagements were put on hold and work dried up.

Should I communicate the fact it was unpaid during the application process or only if asked? How would I convey this? Ideally, I prefer to be fully transparent to the recruiters and interviewers to avoid any issues.

From a background check perspective would having the start-up founder as a referee be suffice. He is now currently a CTO of a media company.

Thanks
 

 

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Best answer
Moritz
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Content Creator
replied on Jun 15, 2022
ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos

Hi there,

This is very straight forward in my mind:

  1. Should I communicate the fact it was unpaid during the application process or only if asked? How would I convey this? No, you should not communicate the fact that you were unpaid any more or less than you communicate remuneration of any other position you held in the past (which is not at all, except for the negotiating stage post-offer). It's completely irrelevant and will not create any issues.
  2. From a background check perspective would having the start-up founder as a referee be suffice. Sounds reasonable - just make sure he is aware and willing to say a few nice words. Same as with every reference.

Hope this helps. Best of luck!

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Anonymous B replied on Jun 15, 2022

I think working in startups is a great experience and also shows your entrepreneurial drive. You can only be successful there if you work independently with create problem solving. 

It was not an internship. You were paid, but at a later stage. That is totally fine and not a relevant detail. 

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Cristian
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Content Creator
replied on Jun 14, 2022
#1 rated MBB & McKinsey Coach

Hi there, 

I understand the situation.

In all fairness, nobody cares about whether you were paid or even how much you were paid. They are rather interested in the skills that you developed while being there, what you learned that you could re-deploy as a consultant. So don't worry too much about it and just focus on the skills and impact you had while there, not anything related to the compensation. 

Best,

Cristian

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Ian
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replied on Jun 14, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

No need to bring this up unless you're asked (and I can't see why they would ask)!

If they do ask, just say that there was an equity compensation plan, but you left before that was brought to fruition in order to work on other things.

Absolutely having him as the referee works!

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Adi
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replied on Jun 14, 2022
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Yep as others have said, no need to mention this and do have the founder as a referee.

All the best.

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Francesco
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replied on Jun 14, 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there,

1) Should I communicate the fact it was unpaid during the application process or only if asked? 

No need. It will be sufficient that you show the contract/communication shared as proof for the background check.

2) From a background check perspective would having the start-up founder as a referee be suffice.

So far that he was the person responsible for recruiting/ultimate reference, yes.

Good luck!

Francesco

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Florian
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replied on Jun 14, 2022
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hey there,

No need to communicate that you were not paid. The founder would be your reference.

Cheers and all the best,

Florian

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Clara
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replied on Jun 14, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

No, not at all. Same way as you didn´t make any references to what you make or not in the other entries of your CV, no need to put anything here. Furthermore, changes nothing. 

Cheers, 

Clara

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Anonymous replied on Jun 14, 2022

Hey there - 

Just put the work you did as an internship like you have put any of your work experiences. I have never been asked about any that were paid/ unpaid etc. No one really cares about that. 

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Kurt
Expert
replied on Jun 14, 2022
Conducted over 100 interviews for grads, interns & experienced hires

Hi - great question.

It is not necessary to state that it was unpaid. You can just factually list your role and any achievements associated with it.

Hope this helps
Kurt

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Udayan
Expert
Content Creator
replied on Jun 14, 2022
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience

No not necessary. As long as you did the work and someone can verify it, they will not care if and how much you were paid.

Best,

Udayan

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Moritz gave the best answer

Moritz

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