So I'm currently a sophomore, and I was able to use my freshman internship at an investment bank to help me land a non-paid SA role at a boutique investment bank. I just found out that I might be able to have a paid SA role at a BB for this summer (surprisingly since I'm a sophomore). If I do get the offer, how would I go around telling the other firm? It would be a no-brainer to go with the BB, right?
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Be polite, but tell them that you are getting paid. It's finance. If there's one thing they understand, it's money.
This
Agreed, they won't have an issue if you are straight up with them. Granted prestige is also a factor but to tell them they aren't good enough isn't too cavalier.
By the way congrats if you get it. SA gig as a soph, not too shabby.
Agree with the other two here. To the extent the other offer is unpaid, it should be a fairly easy story to sell.
Agree with the other three -- I think you know what to do.
Did the same thing last summer with no repercussions, they will understand that no student's going to throw away a five-figure pay check to be nice. Be up front about it
Don't bring reputation / prestige / personal opinions or anything else which might come across as rude into it. Get in contact once you know the BB SA is guaranteed and politely explain that your extremely grateful for the offer but have been offered a paid internship in a similar role. They'll understand completely.
Agree. No one will think poorly about taking a paid internship over unpaid one. I think the boutique will understand
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