I am a freshman at a top target and I was awarded a scholarship right out of high school by a large private company. The company will provide me a job every summer of my undergraduate years and pay me around 10000 dollars every summer. Plus after graduation they will give me a full time job. Should I take this scholarship? If I do then I will be forfeiting possible IB internships my Sophomore and Junior summers. At my age the money is very tempting, but is it worth the sacrifice of experience? Advise appreciated. Thanks.
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What kind of company is it?
"Cowards die a thousand deaths, but the brave only one," Bill Shakespeare
It is one of the largest wineries in the world, I would be working in their finance department of course.
i am not following something here. is this your dad's vineyard.
No, it is a scholarship that the winery puts on every year for high schools near its headquarters. It is a very large private winery.
Well, do you like the company/what you do there? If you enjoy it & make a lot of money or ≥ a IB salary I would just work for the winery honestly. It sounds like, if they are going to shell out 100,000 + for your education they'll probably pay a lot for you to work for them.
Also you could kind of meet them half way. You could try and say "Hey I think a summer at a top BB IB would really benefit my career at X winery or something." Obviously this company is really in love with you/wants to take care of you so I would just let them know that getting some IB exposure would be part of getting edumicated. My friend did ROTC at Yale and had the same dilemma, but was able to figure something out (although he did a Bain internship). I think if he cant deal with the Marines, you could deal with a winery ha.
"Cowards die a thousand deaths, but the brave only one," Bill Shakespeare
Thanks for the responses.
Just to add a few things. First, the winery is not paying for my tuition, just providing me with summer and future employment. Obviously this is a sweet deal and I do enjoy working there. However, I do not see myself working there permanently. I would rather have a career on wall-street. My main question is about experience. Will not having IB internships during undergrad hurt me when trying to find employment there in the future? How will this internship in the finance department of a large private winery look on my resume? I can stop working for the company at anytime. I interned there this last summer and plan to return this coming summer, but I am worried it will get to a point where not having more valuable experience will hurt me.
honestly if you really want to do ib i cant even say if it will be good for you to go back there next summer. how are you going to get even a summer internship if the only thing you have on your resume is that you worked in a winery. while your scholarship and situation in general does sound really pretigious/nice, i dont think it will come off that way on your resume. its just gonna be like hey, this kid worked at a winery..why didn't he at least do ER or something. you wont really pick up any transferable skills so why would a BB want to hire you.
So I should not return for my freshman year summer? I was under the impression that most kids don't start looking for finance related summer internships until their sophomore summer.
I would go your freshmen summer. It's pretty tough to get an internship your freshmen year and I think most employers know that whatever internship you get as a freshmen is usually bullshit anyways. It's $10,000 that's A LOT of money. But I think you should definitely look for something else come sophomore year.
Note: I'm not actually in banking, I, like you, am an undergrad at the moment. So take my advice with a grain of salt
^^ No your right, I would still do it for this upcoming summer, thats still a nice chunk of change for two months. It sound like they were giving you full ride, so definitely go with IB.
"Cowards die a thousand deaths, but the brave only one," Bill Shakespeare
Thanks for all the advice.
What exactly are you going to be doing there ?
Stuff that is really specific to the industry. Last summer I looked at an aspect of production that the company was loosing money on and calculated its impact/made a presentation. There are no skills that are transferrable to other finance jobs except for maybe a mediocre understanding of excel.
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