Am I stupid to bet on myself here

Betting on yourself can be a bold and rewarding move, but it’s important to weigh the risks and have a clear strategy. Based on the most helpful WSO content, here’s what you should consider:

1. Evaluate Your Current Position:

   • If you’re unsure about receiving a return offer, focus on maximizing your performance in the final two weeks. Even if you don’t want to stay, a strong recommendation or offer can be a valuable bargaining chip when networking or applying elsewhere.
   • Reflect on why you want to switch cities and teams. Is it purely personal preference, or are there professional reasons (e.g., better exit opportunities, stronger network, or alignment with long-term goals)?

2. Timing and Networking:

   • While it’s late in the game, it’s not impossible to pivot. Start networking immediately. Reach out to alumni, former colleagues, and professionals in your target city and teams.
   • Use your current internship experience as leverage. Highlight the skills you’ve gained and how they align with the roles you’re targeting.

3. Risk Management:

   • If you receive a return offer, consider accepting it while continuing to explore other opportunities. It’s easier to recruit when you have a safety net.
   • If you don’t get a return offer, be prepared to cast a wide net during full-time recruiting. Focus on firms and teams that align with your goals and are actively hiring.

4. Confidence vs. Irrationality:

   • Confidence is key, but it should be backed by preparation. If you’re confident in your ability to secure another offer, ensure you have a plan in place: a polished resume, a clear story for why you’re switching, and a strong network.
   • Be realistic about the challenges of full-time recruiting. It’s competitive, and firms may prioritize candidates with return offers.

5. Leverage Your Current Internship:

   • Even if you don’t want to stay, use the remaining time to build relationships and leave a positive impression. These connections can be valuable references or even help you transition to another team or city within the same firm.

Ultimately, betting on yourself isn’t irrational if you have a solid plan and are willing to put in the work. However, don’t burn bridges unnecessarily—keep your options open and approach the situation strategically.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/networking-for-a-return-offer?customgpt=1, Full-Time Dilemma - 2 Offers, My FT Recruiting Process, How the hell are return offer candidates going to be assessed this summer?, How to Navigate FT Recruiting: Learn from My Successes/Failures