Switching divisions during internship 
(Chimp, 8 
Points) on 3/21/10 at 2:10am
I was just wondering whether it would be advisable or even possible to try to get experience in another division during the summer internship. Will this impact your possibility of getting a FT offer. In my case the division I want to work in works very closely with the division I will be working in but I am not sure how to go about it. I dont want to piss my boss and lose out on the offer. I do know a really senior person in the division I want to work in and right now I am aiming to get experience of both but generally atleast have an offer at the end of the summer, Feedback would be really appreciated.
specify which divisions
by GutShotspecify which divisions you're referring to
From corporate and
by manuarsenalFrom corporate and acquisition finance to leverage finance
Be friendly, but do your
by Gekko21Be friendly, but do your work. You need to network a little, but you do know that after you are given an offer most banks ask you which 3-5 groups you want to work in. Most go back to the group they know/like because they chose that group to begin with, but some want and do move to other groups. The way it works is that you are given an offer and there are division specific networking receptions where new hires meet with different groups and try to find your place. If both the new hire and the group express an interest, that new hire is usually placed into that group.
If you start trying to do work for that other group, I can guarantee you will not get a return offer. It shows your not loyal and a group will not extend a FT offer to someone who clearly does not want to be with them (you will not do enough work for that other group to give you an offer)
"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
Thanks Gekko21, yeah if I try
by manuarsenalThanks Gekko21, yeah if I try for the other group I will probably lose out on the offer. Is it possible to do this before the internship begins though, and generally what I wanted to do is learn and know as much about lev fin and the work that they do and try to gain as much. Both the departments are on the same floor and when I visited the office I realized that the environment was pretty conducive to meeting new people. The final placement that you are talking about takes place after the FT offer is given right , but I am not exactly sure right now that I would like to work there FT, depends on the experience though, too early to call.
Which bank is this? All the
by new1987Which bank is this? All the BB banks have only leveraged & acquistiion finance in 1 team e.g. JPM, MS, Citi , ML... I don't know anybank with corporate acquisition finance except the lower tier 3rd tier banks Societe Generale, RBS.......
I wouldnt use the word 3rd
by manuarsenalI wouldnt use the word 3rd tier but yes its not the biggest of names on Wall street and the two divisions are different but the work that they do are almost the same, so thats why I want to pick up as many skills as I can during the internship so that for FT atleast I have done something solid and can then move forward. But at the same time I want to atleast have an offer at the end and something to fall back to.
I advice get the offer
by new1987I advice get the offer first... then take the offer to other banks , continue to network with the levfin guys.. The work you do is close enough to get levfin, in other banks its part of levfin anyways..
Don't create issues , people don't like interns who are not committed