Should I resign from internship for BB?
Hello~
I am currently undergrad and my goal is IB. Out of lack of offers, I am currently interning at a large retail company in Finance/Controlling for 6 months. I'm not even 2 months in my role that a BB makes me an offer but they want me to start ASAP in another location, they're not flexible for a later date.
The BB internship is clearly better than my current internship, but could I still keep in this experience on my CV? Is it ok to lie and say I have family issues and only update my LinkedIn later? What would you do?
I'm sure this can also help others in the same situation
Thanks :)
Ahoy there! Navigating the choppy waters of career decisions, are we? Let's chart a course through this dilemma based on the most helpful WSO content.
First off, congrats on snagging an offer from a BB! That's like finding a golden banana in a pile of regular ones. Now, onto your conundrum:
Resigning from Your Current Internship: It's a common scenario in the finance jungle to pivot towards opportunities that align more closely with your long-term goals. If IB is the vine you want to swing from, then moving to the BB internship makes sense. Remember, the finance world is small, and bridges are easier to burn than rebuild. Be honest with your current employer about receiving an offer that aligns more closely with your career aspirations. You don't need to concoct a story about family issues. Transparency is key, and most understand the importance of such opportunities in one's career.
Keeping the Experience on Your CV: Absolutely, you can keep your current internship experience on your CV. Even if it's been a short stint, you've likely gained valuable skills and insights that are worth mentioning. Just be prepared to explain why you made the switch if asked during interviews. It shows initiative and a clear focus on your career path, which can be seen as a positive.
Updating Your LinkedIn: There's no need to rush updating your LinkedIn profile with your new role. Once you've started your BB internship and have settled in, you can update your profile. This way, you avoid any potential awkwardness with your current employer and also give yourself time to ensure the BB internship is going as expected.
What Would Max the Monkey Do?: In the jungle of finance, being strategic and respectful is key. I'd advise against lying about your reasons for leaving. Instead, express gratitude for the opportunity and explain your decision as a strategic move towards your ultimate career goal in IB. This approach not only keeps your professional reputation intact but also leaves doors open for future opportunities.
Remember, every step you take is a building block in your career. Make sure those blocks are sturdy and well-placed. Good luck, and may your career in IB be as thrilling as a jungle adventure!
Sources: I need your advice, Should I delay graduation by a semester for a summer internship at a large bank?, My full time offer got rescinded, Received offers from all three MBB firms and don't know what to do, BB IB intern -> FT consulting?
Lying is a bad habit to get into especially early in your career. Lying is the easy, non confrontational way out but will often come back to bite you and sometimes practicing some uncomfortable or awkward situations can be a good thing. The industry is incredibly small and you may think you never will run across these people again, but there is always a chance you could. My goal in my career is to always tell the truth. I’ve made some companies mad but don’t have any individual enemies and would always feel comfortable working with a former coworker again.
if that’s your ultimate goal and the offer is good then I say go for it. Don’t do this often and really think if you’re okay burning this bridge because it may impact future hire ability, but telling the truth and being sincere is a good way for the Srs to respect you.
I might be upset that they’re leaving, but I would respect a person a lot more if they’re honest and wouldn’t hold a grudge. If they lied to me, I’d likely remember it and it would bring into question whether I can trust them or not. Ultimately, you’re an intern. You’re benefiting way more than the firm so you leaving is probably going to have very little impact overall. Be honest, have a clear conscious and move past this.
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