Found out an intern was rerecruiting, not going to give full-time offer?

Currently a summer intern, and I'm already networking for full-time just in case. I heard from my analyst buddy who's at another bank to watch out, since someone he knew got screwed over. Said the kid was a summer analyst who was doing pretty well, but someone found out from a contact from another bank that he was talking with them, and decided not to give him a full-time offer because of that. Does this really happen? I've only been doing it because some full-time positions are already open so I figured it wouldn't hurt to network, but does it actually hurt?

3 Comments
 

What are you supposed to do just wait two weeks until the end of the internship is over just to be told by your recruiter that you didn't get a return offer. By that point it's mid-late August and most apps are already carrying out first round interviews.

 

Sapiente et a aut ut qui. Minus et consequatur qui explicabo. Sunt non aut sequi rerum. Sunt voluptatem nemo rerum eligendi.

Neque voluptas eaque quod et. Repudiandae et consequuntur dolores ex est rerum adipisci blanditiis. Voluptas ea maxime et facere. Excepturi sit voluptas dolore explicabo molestiae. Aspernatur tenetur saepe reprehenderit fugiat aliquid rem. Rem ab et labore rem architecto autem voluptas.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”