Job Offer Conundrum

I just received an offer for a summer internship and I have two circumstances that are making my decision slightly difficult that I would appreciate is some could weigh in on...

First, the job is in a position in which I would learn a lot over the summer, but I do not have much interest in continuing in that sort of position after graduation. So, would I be pigeonholing myself into such a position after graduation by taking this internship?

Second, I have several applications still out that I do not anticipate hearing about the possibility of an interview until after the deadline to accept this offer will expire. Would it be too forward of me to reach out to some of these firms and see if they would budge on anything to push up the timeline of the application process?

Thanks in advance for any possible input

 

offer is for a position in operations. Im not totally sold on wanting to work in ops and I have applcations out for different roles, mostly in investment management. and I wouldn't be sitting on my ass all summer. I am either going to accept this offer at face value, or I am going to try to see if I can get in contact with a few of the other firms to see if I can move up the timeline. Thats why I am asking if that is feasilbe/realistic

 

I would definitely contact those other firms to let them know about your timing dilemma. They may or may not be flexible in speeding up the process. If not, you can always accept the offer and still followup with those interviews later..if you get an offer, then you can decide whether it is worth backing out of the ops for a better position. Just my 2 cents

Array
 
Best Response
ai215:

I would definitely contact those other firms to let them know about your timing dilemma. They may or may not be flexible in speeding up the process. If not, you can always accept the offer and still followup with those interviews later..if you get an offer, then you can decide whether it is worth backing out of the ops for a better position. Just my 2 cents

Don't do this under any circumstance. Reneging on an offer is BAD form, and will likely get you banned from your schools recruiting process. It also hurts your schools reputation, which hurts your classmates. Now, if this was full time recruiting, maybe it'd be worth doing. But don't ruin your professional reputation over an internship.

Reach out to the other firms and see if they will push things up. You can also ask for an extension on your current offer deadline if that doesn't pan out. If BOTH of those don't work out, youll have a dilemma. Hard to give advice in that situation without more info

 

Fair enough, I didn't intend for my initial response to sound like "just reneg, who cares".

I would say that it depends on the internship process/job offers (more info needed), but if it doesn't cause any negative ramifications with your school recruiting process (I was thinking more along the lines of an independent search) and the difference in the job is worth it, then go for it. It should never be your primary plan to screw over another employer, but if a can't pass up offer in the field you want comes along, I would argue that the slight damage you may do by backing out of the offer/upsetting that employer is worth at least weighing the consequences, both positive and negative, and making an informed decision. John-Doe spelled out the first steps nicely, even if we disagree on the later stages.. reach out to the firms, try to move deadlines, etc and see what happens before you even get to the dilemma of reneging.

Array
 

Corporis est et animi ullam sed possimus possimus. Quia molestiae molestiae rerum explicabo. Sed esse id veritatis provident. Et fugiat sit quasi vero.

Illum vel est rerum ullam ipsa iure. Aut sit temporibus neque ut tenetur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
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...”