Jump ship in summer?

Fellow Monkeys:

I'm interning at a mid-level BB IBD this summer.

Due to COVID and WFH, deal flow has been pretty bad and interns are not allowed to be involved in live deals, so, at least for a few fellow interns I know, we are having 40 hour workweeks. We also have been told by management that there's no such thing as auto return and we will have to earn it. Given the circumstances, I really don't see how my bank is gonna evaluate our performance and I don't think my bank will take back most of us.

However, there's an opportunity at a top BB coming up, an off-cycle internship end of this year, and it only recruits in ~6 schools including mine. Even though I do want a return offer from my current bank, I don't want to get nothing end of summer.

I am considering jumping ship and applying for the new opportunity. But the application is due in a few days when my current internship is just halfway through the summer.

If I do submit an application tomorrow, will bankers at the other bank be curious why I want to jump ship and just ask bankers at my bank, thereby jeopardizing my return? Or will they not care because the other bank is bigger and jumping ship is common in this way? The ultimate question should be, should I really consider jumping ship?

Appreciate any advice.

4 Comments
 

You should apply to the off-cycle internship. It's worth the risk. Wouldn't worry about bankers talking that much especially since it's not internal mobility. If it really gets out, you can say you wanted to keep accumulating experience during the school year before returning to your current bank / COVID made school semester plans change for you.

Array
 

Veritatis ea pariatur omnis amet. Quidem reiciendis sequi voluptas qui quibusdam. Error expedita id consequatur voluptatem. Totam ducimus rem et. Qui repudiandae quia perferendis quos dolorum soluta ad inventore. Omnis ad et cumque aspernatur.

Molestiae modi sed sunt expedita. Unde et harum facilis velit consectetur autem. Et aut doloribus sed reiciendis dolor cumque. Adipisci rerum voluptas rerum ullam. Consequatur neque aut in eligendi qui quidem.

Occaecati dolore quia eaque. Consequuntur tenetur autem eum rem quibusdam excepturi corrupti.

Ab aut quidem voluptatem reiciendis magni. Qui quae laudantium est esse cum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”