Was offered an internship at a fortune 10 company in their business development subsidary. A group of 20 individuals responsible for M&A and divestitures. The dilemma, the offer expires before my 1st round interviews for SA positions at 3 banks. Take the risk and turn down the internship to pursue SA, or take the current offer and lever my experience in FT interviews in the fall?
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Take , Lever, Reneg
Or this since you won't be reneging on a bank. Run the risk of getting blacklisted from OCR if that worries you.
Depends on how risk averse/confident in yourself you are. Honestly 3 SA interviews is not a lot to get an offer out of. Many people do 10+ first rounds, make it to half or less second rounds, and end up with hopefully an offer or two. If you are extremely confident in your interviewing abilities then go for it, but I would seriously think about taking the internship. Doing something relevant like Corp Dev at a well known name will set you up well for FT recruiting.
If you do take the interviews and they don't work out you can always try to get an internship at a boutique/middle market bank with a less structured recruiting process in January-March.
Thanks for the insight
Whatever you do, dont ever turn an offer down for another offer you "might" get, from individuals I've spoken to outside of HR renegging isnt a huge deal unless its for an extremely similar role.
For the banks they may ask you, but even if you signed, you can say "I interviewed earlier this year with xxx and they were kind enough to extedn me an offer" however I feel I would fit in more at bank xxx because of this...
It amazes me that people even consider turning down an offer for the possibility of an offer elsewhere. Always accept the offer you have, and reneg later if you get a better offer!
woman in bed > one in convertible
You people speak of reneging like its a light thing. Don't ruin this kid's life.
Thanks for the advice. To give a little more insight into my situation, I am from a non-target school in the midwest and flying to NY for 2 weeks developing more contacts and interviewing.
Non-target? I'd say accept the offer, do the interviews, see what happens and go from there.
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