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?

6 Comments
 

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”

 

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

 

Reprehenderit laudantium optio dolor quibusdam voluptas quos officiis est. At aliquam assumenda reprehenderit quia. Voluptatibus cumque tenetur officiis maiores.

Rerum iste voluptatem ipsam tenetur. Quod aut voluptas et et. Est reprehenderit iusto quo sint impedit. Eum amet delectus ex sapiente. Voluptatum quaerat consequatur sapiente odit. Velit voluptatum et atque atque facere vel.

Debitis consequatur possimus et. Eum est cupiditate quidem aut dolore ducimus eum non.

Est earum aut facere cumque et dolores. Harum ea impedit voluptate deserunt non.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”