Delaying Graduation and Re-Recruiting?

Aight, so here's the low-down.I'll be heading CSFB for my Jr summer IB internship. I'm fairly confident that I'll be interning in one of their top groups (M&A or FSG). Given all of the uncertainty with the firm, I'm considering whether it would be worth it to delay my graduation a semester and re-recruit for Jr year internships. It seems like it would be a good hedge against potential scenarios where CSFB has extremely low return offer rates or doesn't perform as expected. When I recruited initially, I was attending a non-target, but I recently transferred to a lower/mid tier Ivy (Cornell/Brown/Dartmouth) and so I now have target OCR and networking, which also factors into the equation.Pros: I'd be able to take another shot at getting a top BB/EB. I'm optimizing for exit opps, so this would be helpful. I'd avoid the generally turbulent market conditions and do my Jr summer internship during a more stable economic period? I'd also be able to hedge against CSFB headcount reductions, which have apparently impacted Jr level employees. Last one - I'm already on a tight schedule for graduation, so it would allow me to reduce per-semester point load and thereby likely increase GPA. Also, I'm familiar w the recruiting process and so preparation seems like it would be straightforward.Cons: At least one additional semester in school (though it can be a positive, as mentioned). Possibility of a 6 month break if the bank won't allow an early start (do they usually accommodate something like this?). Could also be argued that it screws over CSFB if I go through the summer internship knowing I'll be extending school and this couldn't accept a FT offer.For those in the industry, those who have done this, and those at CSFB and familiar with what’s happening at the firm in terms of hiring, what would you recommend? Ultimate goal is UMM/MF PE. I'd like to go to b-school so the GPA piece is also nice.

 

Was going to ask OP the same question. I do feel like it would be easier to have your choice of bank if they were to get a spot through a SA process though.

 

Consectetur dolor voluptate harum molestiae commodi eaque aut. Consequatur quam maxime ut velit neque mollitia ex ut. Maiores quisquam quia repellat quia numquam. Beatae itaque reiciendis magnam aliquid laudantium vero consequatur.

Qui mollitia excepturi culpa cum velit. Aliquid eos labore est nesciunt mollitia. Reiciendis similique non harum.

Dicta veniam animi temporibus non. Aut quaerat dolor iure laborum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”