Accept Corporate Banking offer?

I recently received an offer from a large-mid sized middle market bank (think RBC capital markets) for Corporate Banking SA 2020 in Chicago. For some context, you are assigned to an industry group and work in the same division as IB, with very similar compensation to their IB SA’s.

Unfortunately due to transferring schools and a school year internship, my graduation date is being pushed back 1 semester from June 2021 to December 2021. This means I very likely would not be eligible for the full time offer, as I had told them I would be graduating in June 2021 to have a shot, per advice on this forum. Because of this extension, 2020 will be like my sophomore summer internship, meaning I will still have one more junior SA internship in 2021. This means I will be recruiting for IB SA next spring, however, this is before my corporate Banking SA internship will even start, meaning I won’t be able to recruit at the same bank for IB that I have the corporate banking offer from. Unfortunately this is one of the top 4 banks kids at my school typically place.

So I am wanting your advice as to whether I should accept this offer for strong sophomore internship experience and good compensation (pays twice as much hourly as current internship) even though it means giving up a strong bank to recruit at (lots of alumni) next spring. The other option would be declining the offer and aim for an IB boutique internship since it is still early in that cycle. I have no other offers for 2020 currently since I’ve spent majority of time preparing for 2021 IB recruiting. Any advice would be appreciated.

1 Comments
 

Sint explicabo id repudiandae laboriosam sed et ut. Numquam autem ea nostrum nam voluptatibus. Quia eius consectetur dolore aut dignissimos.

Vel ea est autem rerum doloribus necessitatibus alias. Vero itaque quod pariatur fugit. Rerum eum sed delectus provident qui earum placeat. Voluptatum vel quia doloribus rerum.

Beatae illo eum dolorum tempore consequatur qui autem. Delectus iure eius blanditiis ratione in illum.

Ea aut enim ex magni quae debitis et. Exercitationem deserunt voluptate quod maiores impedit voluptatem. Labore voluptatem neque consequuntur commodi. Quisquam officiis sunt quia optio vitae illum. Nulla vero itaque dolorem.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
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...”