Backpacking over the summer, will this hurt me in the long run?
So I didn’t get anything lined up for SA 2023. I was supposed to intern at a boutique, but one thing lead to another they rescinded summer offers. Obviously gutted, but this now means that I have 2 IB internships and a consulting internship under my belt (verbal return offer at 1 for IB, but not a fan of the city it’s in plus it’s LMM so I’m shopping). Because of this, I said fuck it and booked a summer long trip across Europe.
I have one more semester of college left in the fall, so I’m trying to recruit in this upcoming cycle for FT. Will this hurt me? How will employers view this?
Thanks
Bump
You’re basically making a bet that you’ll get a FT offer in the fall. If that happens, no adverse effects, if that doesn’t happen, you won’t be starting your career where you want.
You’ve already made the decision to backpack, so it doesn’t really matter what anyone says now. Go enjoy it and be ready to network your ass off in the fall.
I’m already networking my ass off, so thank you for the advice. Will try to enjoy it as much as possible.
What is the best time to start FT recruiting? I have a SA position lined up and am also graduating after this last upcoming year of college. I am hoping for a full time offer from my internship, but I want to apply to other full time positions just in case. I’ve heard some have already opened, but I don’t want to apply until I have the experience from this summer under my belt to discuss as experience. Is it too late to wait until the fall?
Usually wraps up in August, banks want to hire FT people for the SAs who don’t receive return offers
I did something like that, and it worked out fine. But I've done a lot of things that other people wouldn't do. Look, you showed up, you did other internships, you had a great SA job lined up, and it got rescinded. What can you do but make the best you can out of the moment. Yes it will be a little harder in FT interviews, but they won't toss you for this. Personally I would like this story, because I like to hire humans and not automatons, but the bank recruiting process involves a lot of people who are less experienced and may grade you on how well you fit a mold. But even they are not heartless and will want to work with an interesting person more than a killer robot who is gunning for their job.
Thank you for your input, really puts things in perspective.
An MD at my internship mentioned how backpacking across Europe when he was in school was the best thing he’s ever done and I’d say he’s doing just fine right now. Granted, things are different now than they were 30 some years ago but still.
Thanks man.
Do it bro, trust me. The stuff we do can be taught to a monkey. I’d much rather take a chill, generally competent person with cool life experiences than some robot that lives for financial modeling. Don’t listen to the geeds that say you’re absolutely screwed if you don’t perfectly position yourself, you’ll be fine!
Plus, your resume isn’t even bad and you have a perfectly convenient reason (summer rescinded / market) to piss around Europe for a bit before real life kicks in. Think about the next time you’ll get that chance dude. And IF you do, by then you’ll probably be in a different phase of life / different interests / have very rigid tie downs like wife/husband/kids/mortgage/serious career repercussions for doing so. Send it!
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