Accepted internship too early
I am a freshman at a non-target on the IB path. I made this decision to go IB just after accepting a position for my summer internship at a health care firm working on bank reconciliations and unclaimed checks. However, after networking over these past few months, I may get an offer from a venture capital group or private equity firm due to the connection from my school and the relatively small size of my hometown. This internship I have now seems really boring and I’m trying to get all the experience I can get since i’m from a non target. Should I give them an excuse now (clovid-19/school) and hope another place gives me a chance?
always do what's best for your career. if there is an option to go to a better firm, take it especially at your age. don't say any specifics on why you can't go, just say "unforseen circumstances" and don't list anything on LinkedIn for a while.
Try to get offer first, then decide if you want to renege the previous offer. Normally, for small internships where no return offers are sent anyway, renege is a small issue but you should always give a good “reason”
IF you get the offer for VC/PE take it and don't look back.
What is the deadline for this communicating change in plans? If I got FT role but i will get internship at much better place (different location etc), can I say sorry I am not coming 2 weeks before the start? I am quite risk averse in this matter and idk if it will in the future impact my opinion 'on the market' and being blacklisted or something.
I imagine this firm did not invest too much time or resources into a freshman, therefore this isn't some huge internship that you are filling. Unprofessional perhaps, but the VC/PE trajectory would clearly be greater through the alternative internship.
People understand you have to do what is in your best interests. If you don't look out for yourself who will. I do say these things, but I do not understand the exact relationship you have with that firm, how close and warm are you? This obviously changes the dynamic. Regardless you are in a fantastic position and any Finance-related internship is going to throw you ahead of the comp.
Cheers,
Bors
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