Full time rotational program cancelled
Hi everyone,
This summer I was interning in the asset management division for a large middle market bank. After the internship, the bank usually extends offers for their full-time investment management rotational program. The rotational program was unfortunately cancelled until further notice. I was told I could go into a full-time role in that division that I like or I could I interview for another division
I have had 6 internships so far in: VC, ER, Consulting and M&A and am thinking of making the transition to the IB division because I want to stay at the bank.
How difficult do you think this transition would be? Should I look for full time opportunities outside the bank?
Thank you for your input.
I guess I'm a bit confused - so you don't like the AM division that you would have a full time roll in, and would prefer to interview for a position in IB? Is that right?
After the internship a full time rotational program offer gets extended, but the AM divisions rotational program was cancelled due to analysts leaving the program early. We can either interview for another division within the bank or wait till a traditional full time spot opens up in the AM division. The only opportunities currently open in the AM division are PWM spots. PWM don't interest me at all. I was thinking of interviewing for the IB division given that I've done an M&A internship my sophomore summer. I don't know what to do and I'm worried of not having a full time analyst position lined up for when I graduate. Just looking for some guidance and advise.
Sorry for the confusion.
No need to apologize - I got it now. If you are OK with IB then I'd go ahead and put your name in to interview there. I'd be surprised if it were mutually exclusive - assuming you left a good impression, which it sounds like, if another spot were to open up in AM it could still be in play (at least where I am, that's how it would generally work).
Regardless - you should absolutely start applying elsewhere if you haven't. Even if you want to stay, getting another offer or at least getting your name out there is a good idea to get something. Sounds like you have a strong network and experience already. It's easy for me to say this - but what I wouldn't do is panic and jump at the first thing, or something you absolutely hate, just to have an offer or job. Start putting stuff out there and keep moving.
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