I received an offer for the Goldman Sachs spring and the Citi spring. Goldman's lasts one day and does not offer the possibility of converting to summer. Citi's lasts a week and allows conversion to summer. But I got into the corporate banking division and not IB at Citi.
What do you think is the best choice to do?
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Assuming their dates do indeed conflict, you should choose that which gets you closer to the career you want. If you want to work in IB, therefore, you should pick GS. There is no point converting a spring to a summer if it is to a summer which you do not wish to do.
GS. Or both and call in sick the one day they overlap
Is it common to miss a day in a spring week ? I think I'll try to do that, but I'm afraid I'll be blacklisted from Citi.
Multiple people did that at my EB spring and got returns
There's no point, though? GS doesn't convert and its not even guaranteed you'll even get interviews from them for SA... Whatever you can get from that insight day, which is all it is, you can find out online.
The point in a spring week is to act as a pipeline to the SA programme. GS are clearly so comfortable in the knowledge that students are blind from the GS name so can do whatever they want.
I strongly suggest you don't miss a day of the Citi SW. It won't look good and could hurt your chances of converting. You'd lose so much more than anything you'd gain doing both...
If Citi's program lasts a full week and has possibility to convert to an offer it sounds like a better program. I would try to do both but Citi's sounds better even if Corporate Banking. May also give you better idea of different types of roles within banking.
This is such ass advice. Don't go to GS for a one day thing if it doesn't convert. What's the point in that?
When you go and apply for Summer Internships, you'll be competing with hundreds of applicants with your profile: spring weeks at x number of firms, committee positions etc etc. And your profile won't even be as strong as most people who get SA offers.
At Citi SA2023, those who came in through the SA applications almost all had prior directly related internship experience at top tier players.
Not only that, but the amount of spots you're competing for for SA overall is... Very small.
Citi offers almost a guaranteed conversion from SW to SA. Yes, it is corporate banking, however Citi has very good internal mobility - get a return offer from the SA and you can easily go and interview for another division, IBD included, I've seen it happen many times. Furthermore, Citi converts the majority of their SAs to FT, whilst GS does not. You are in a much better place to start your career by accepting the Citi offer.
The point of these Spring Weeks is to give you a real insight into what you would do, so you might actually just find out that you prefer corporate banking to IB.
Citi SW conversion was not guaranteed at all this year but generally would agree with the rest.
"Citi offers almost a guaranteed conversion"
I didn't say it was guaranteed, but, generally speaking, if you perform well over the spring week and you are able to show what you've learned in the AC, you should be able to convert to SA. The vast, vast majority of Citi's SA programme is filled through this pipeline.
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