Trending Content - Investment Banking Forum
| +239 | UBS preparing for a October Layoff Massacre | 188 | 3d |
| +184 | A Message to Students Who Think this Job Will Fix Their Life | 29 | 49m |
| +155 | Work and Suicide | 48 | 1d |
| +74 | Interns without return offers, careers & perspective | 5 | 1d |
| +56 | Are all these UBS postings bullshit? | 15 | 8h |
| +44 | I'm in love with my MD | 9 | 10h |
| +40 | UBS IB Balance Sheet Set to take a Hit | 10 | 2d |
| +37 | My grandma thinks I work at a Chase branch | 5 | 2d |
| +34 | If Investment Banks Were Divorced Dads | 11 | 1d |
| +31 | Will they pay Directors $1mm+? | 9 | 5h |
Career Resources
how good is this other opportunity? What is it?
Do they typically hire SA to FT?
Badass.
Full time conversion is possible at this other shop. It is a multi-billion buyside outfit with a very impressive roster of senior bad asses at top BBs. Had to spin off due to Volcker.
This buyside shop was formerly part of GS, right? I know a few guys there who seem to like it. Also, renegging after you started isn't "renegging", it's just quitting
It's not uncommon for people quit during their summer stint, just come up with an excuse
cool story
The firm offering has to know that you are currently employed, correct? It would be a pretty low move to encourage a kid to quit while never intending to hire him at the end of the summer.
I had to do something similar once. What I did back in the day was I made a fake email address, pretending to be my father. Something like YankeeFan777 (so they'd think religion), and then I wrote an email all in caps lock (since old people suck at the computer). I said I had some disease, and would be in the hospital for a while and I couldn't show up to the internship anymore. I never checked the email again, but they did send me cookies, that was pretty cool.
Don't update your linkedin for a while if you choose to do this! :P
Ok so the general consensus seems to be fuck the Bulge Bracket and Yolo-Hop to the buyside shop?
Can we get confirmation that the angry bulge bracket guys won't like call up other shops on the street and blacklist me? Obviously if I don't get a return offer, I have to apply full time for other bulge brackets.
no one can confirm this...
Had a friend that was working full time at CS then got an offer from a top group at MS so he just went to his bosses office and told them that he was quitting. His boss was like "that sucks, but I wish the best for you" TBH they probably don't even care that one analyst is quitting.
Im pretty sure they wont care. You're just an SA after all.
Look at the risk-reward between the two ops. Just look at whichever opportunity serves best for you in the long-term.
Thanks
You won't be able to work at that Bulge Bracket for a very long time. However, it's pretty unlikely that an MD is going to call around and try to ruin your reputation, and it's less likely that anyone would care if it's a dramatically better offer. However, finance is a small world, and if the buy side job doesn't work out you'll probably have a hard time getting another job in it. It also depends how good this offer is, no one would fault you for taking an offer from Berkshire Hathaway, but a job that isn't a large prestige bump will make you look like a douche. I would also be straight with the bank about this, the downside is a lot less if you're honest with them than if they discover this on their own.
in a week no one there will even remember your name let alone spend anytime trying to have you "blacklisted".
The biggest problem is that the group I am in is a top tiered and only has 2 summer analysts. While I keep my ego in check, I hope that they would miss having half of their summer class quit within the first week.
Who knows...maybe an Analyst you worked with for the last week will call you in a couple of years for a job at the buy-side firm.
Think about it like this: They were fine without you the entire year, chances are they can make it through the next 9 weeks too. It's not like it's gonna be a problem to find a FT if they need it, they could post a listing and have 500 applicants as qualified for the job as you.
Pretty comical and egotistical that you think they will care about your departure.
However the Street is a very small world...
I would avoid telling them the name of the firm you are going to. Try and leave the sweetest taste in their mouths as possible. Don't straight up lie if you can be caught, being the lying SA is much worse than the SA that left for a better opportunity and was a nice guy.
Thanks amigos. I'll call up the BB hr and my VP on Tuesday.
Buyside or bust, summer analyst edition. Wow, it feels so damn different and revolutionary to skip the banking stint. This fund better not fail like Amaranth screwed its 2005 full time class.
Don't call, meet with your VP face to face.
Yes, you're quite the trailblazer.
Et sit cupiditate tempore tenetur dolorem. Est et est excepturi quam amet sit facilis.
Molestiae maxime totam numquam quasi et. Quisquam quae consequatur repudiandae architecto minus. Molestiae iste et id quia veritatis. Eaque dolore ducimus harum distinctio doloremque excepturi. Asperiores labore aut occaecati praesentium. Eos in non animi consequatur vel labore cupiditate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Ducimus dolores perspiciatis dolorem ea alias nostrum temporibus. Ullam eaque et velit inventore. Ullam ex numquam deserunt ea distinctio. Et soluta voluptas harum.
Quia ut nobis et rem voluptatem. Qui ut maxime amet placeat explicabo ut. Recusandae eum sunt ratione non quibusdam accusamus repellendus ullam. Quod excepturi occaecati consectetur ea deserunt tempora aperiam quibusdam. Ut voluptatibus voluptatum nam molestias optio praesentium ex laborum. Incidunt incidunt et ut odio repudiandae perferendis.
Eum voluptatem aliquid et. Quidem et cum nam voluptatem. Est earum inventore officia maiores nobis rerum veniam rerum. Cumque corporis maiores ipsa nemo sed dolore amet et. Ex non exercitationem doloribus et.
Alias architecto aspernatur id. Deserunt voluptas veniam excepturi quidem. Voluptates laboriosam non harum asperiores.