Dilemma: Delay Graduation or Lateral to BB After 1st Year?
College senior here. I currently have a full-time offer to work in IB at a lesser known bank (Mizuho/Nomura/CIBC), but I really want to get experience at a BB given the significant deal-flow differential and prestige factor for exits (broadly).
My dilemma: Should I (A) delay graduation by a semester/year to rerecruit for a BB next cycle, or (B) just take the gig, learn as much as I can, and look out for opportunities to lateral to a BB down the line?
Caveat: I don’t have anything lined up for this summer, so if (A), what’s my best option for this summer? For (B), the work is mostly financing with very little deal exposure, although I’d be able to pick up some technical skills.
What’s my best/easier option here? Thanks in advance!
Letting go of a sure thing (your current FT offer) for the possibility of getting an internship/other ft offer all the while eating that overpriced tuition for one more semester?
Wouldn’t do it.
Thank you PaulEvansLoafers – future me thanks you for the reduced student-loan burden your comment has led to. Appreciate you taking the time to respond.
How could you have not considered that before making this post lol
What industry vertical are you in? Financing is extremely broad and could fall into different groups. I have friends at all three banks, and depending on group you could get substantial deal exposure.
There's no guarantee that you'll find another full time offer or internship. Hate to break it to you, but the grass is not always greener on the other side.
Really appreciate the perspective wisdom, moonlight! I'm going to be a generalist, but I'm very glad to hear that I can still get some deal exposure.
Those are decent shops. Delaying graduation would be insanity.
Thanks for weighing in, amonkey_1. I definitely needed to hear that said.
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