Do I mention that I already accepted a position?

This summer I will be interning at a search fund, but prior to accepting I reached out to a middle market M&A advisory IB. They asked me to set up a call this week, but I feel like it would be wise to be direct and let them know off the bat that I already have summer employment. Should I bring it up in the responding email or look for an opportunity to present it more organically over the phone? I would like to try and network with this firm at the very least for future opportunities, and I see this as my one opportunity as I don't know anyone who works there.

3 Comments
 

Nope. Is this internship unpaid?

If it is then this isn't the "proper" thing to do then I would just say I have an offer already and leave it at that unless they press further....then say it's at a search fund, then say it's not paid in that order as they press.

 

Yes, just mention it in an email. Assuming you're a sophomore, tell them you'd still be willing to talk to them about coming onboard for an internship next year or if you're a junior mention that you'll see what happens this summer and potentially reach back out if you decide to go through recruiting again for full time.

"Even if you're on the right track, you'll get run over if you just sit there" - Will Rogers
 

Et nostrum magni deleniti sit ut reprehenderit. Natus quo sit inventore et. Voluptatem est itaque sequi ducimus hic debitis.

Rerum voluptatem pariatur ratione reiciendis ab. Veritatis et soluta ea non enim qui. Non vero molestiae atque deleniti. Odit mollitia iste placeat voluptatibus nesciunt.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
numi's picture
numi
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...”