Accepting Junior Summer Offer Before Completing Sophomore Internship
If you intern at a BB for sophomore summer, and they give out return offers, what would be the implications if you accept a junior summer offer before even starting the internship? Would they rescind you if they found out? Is this something you would need to hide from them?
I've actually got a friend in a similar situation. He'll be interning his sophomore summer (2020) at UBS and worried about the same thing. He spoke with bankers at the firm actually and a lot of times they don't actually give you a return offer, rather you apply again the following summer and obviously you have way more connections than most. I wouldn't say it looks bad to already have next summer's lined up.
I'll be a sophomore intern at UBS and they do give return offers so I dont know what your friend is talking about. I will be recruiting for a stronger bank, perhaps even an MM and I am going to keep very quiet about it.
Isn't UBS a BB? Why would you recruit for MM lol
Because most reputable MMs are better places to work than UBS in pretty much every day (no, I don't mean Raymond James).
Most top MM I feel are much stronger than UBS, especially in the verticals I'm interested in. UBS has sort of been dying off in the United States and a lot of my fellow interns are looking to jump ship. I just don't think the bureaucracy of a bulge bracket is worth it if we can't even generate revenue to compete with MM and small boutiques, let alone other BB.
UBS is barely a BB now
> a lot of times they don't actually give you a return offer, rather you apply again the following summer and obviously you have way more connections than most.
this was sort of the case at JPMorgan. they ask you to "reapply" at the end of summer, but it's really for record keeping purposes. you don't go through another super day or through any series of interviews.
I accepted my sophomore and junior internships within minutes of each other
I accepted my junior internship first and sophomore in may
Jumping in late but same, I accepted sophomore and then junior the same day lol
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