Gap Year before Banking?
I will be an SA this summer at a NY EB. If I get a FT offer (big if, yes I know), is it reasonable to request a 1-yr deferment?
It seems like a decent idea because of the uncertain M&A environment in the next 18 months, especially since M&A activity typically lags behind economic recovery. Additionally, I could crush the GMAT and maybe CFA level 1 during the gap.
If reasonable to ask, then what are respectable things to do for that year? I’ve heard Teach for America, and I have some interest in the Schwarzman Scholar program too, but what else is out there?
You could crush 2 CFA Levels if you've got time (first in Dec, second in June).
Good point. Do you know if banks would be open to something like this?
You can as well use that one year to travel and create unforgettable memories. It's one of the last times to do this before you start your career in Finance for good.
This is a good idea but wondering if banks would allow this. Probably better luck at an EB than a BB though
bump, anyone know if this is reasonable to ask?
Once you have your offer, yes. Just shoot HR a respectful email and ask if it is possible to defer.
Thank you for your input!
I graduated early and was able to take a gap year at my BB, (I did my summer internship after graduation and got FT offer)albeit it got cut short by Covid. Was able get a Working Holiday Visa in Australia and did a road trip and then settled in Sydney. I recommend it if you really want to go for it. My situation was a bit different but HR was pretty flexible even offering the chance to start earlier than my analyst class.
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