Mom has Leukemia, Dad recently diagnosed with Stage 3 skin cancer

So sorry to hear that. Goddamn terrible thing happen anytime, let alone when you're under the stress of being in banking, even as an intern.

I would personally take a deep breath and ask myself what I would regret the least 5, 10, 20 years down the line. Even if you drop this internship right now and it sets you back some time career-wise--maybe even a few years--I don't think that's as valuable as spending time with your parents right now. Just my two cents

Hope older/more experienced members voice their thoughts on this too

Hey bro, spend time with your parents dude. People will understand, everything will be ok. Prayers for you though.

Sounds like you already know what you want to do.. go spend time with your parents . Tell them you're serious about this and maybe consider looking for work near them after the summer or after next year for ex. I guess I'm telling you to literally forgot about your dreams and passions and whatever but man, it sounds like you know already but time with the parents is precious man, I could care less about an IBSA. All the best bro. Im sorry I can't offer more advice.

Edit : and fuck cancer.

Spend time with your parents. All the money in the world never bought a second of time. 

Cant speak on this as someone with expertise, but if I were you I’d really want to go see my parents. Considering some banks are still hybrid and allow some days at home, I’d request for a fully remote continuation of the internship first and explain your circumstances. At worst you’ll get fired and get to spend the invaluable time with your parents (this IB SA stint won’t matter in 20 years when your career will be just fine) and at best you get to stay in IB, maybe lose a return offer but at least have experience to recruit for full time and get the time with your parents.

Deleted

Praying for you dude

Am so sorry man, cannot imagine what you're going through.

Go home, seriously. 

These are circumstances beyond the exceptional, any team that does not sympathize and work with you is not a team worth working for. They have a ton of options, including deferring your stint.

Your staffer knows what's going on. Talk to the staffer and loop your MD in on this. Family matters like this are rough. There's no right or wrong answer, but explain to them both that you don't know what to do because these aren't easy illnesses to deal with. If you really want to work, ask if they can accommodate you working remotely and doing what you can with the understanding that you have a lot on your plate to deal with. If they can't or the emotional burden is too much, ask them about deferring the internship because of extenuating circumstances. Take some time off and focus on being with family too. Even if they do defer it, take next semester off and spend it with family. Don't waste the time you might lose from working by not being there for them. 

God bless you and your family 

spend every moment you can with your family. your current employer will understand and even if they don't, any future employer will. taking the time off will have zero career impact

I believe there has been good info posted above - this is a shitty situation and I wish you all the best

Echoing what others have said. There is always another job. What you can't get back is lost time with your parents. I would presume your bank and team would be very understanding of your situation, and if they're not you wouldn't want to work there long-term anyway. 

Hey man,

My heart goes out to you and you and your family are in my thoughts and prayers. I’m sorry I can’t offer any advice better than to listen to your heart and remember that there’s always another job, but you only get one family.

Feel free to DM me if you need anyone to talk to or vent to or just listen on the phone.

You will get through this and come out the other end stronger.

quit the internship if you are a decent person

Going to offer a different perspective here and say to keep the internship for now. Based on your own post, your Mom has been alive for 15 years and your dad being at Stage 3 has a higher chance of surviving than dying. That means they will probably be around for at least a few years but in and out of the hospital. Are you going to just remain unemployed and depend on already sickly people for money? You have to earn an income and while you should re-evaluate for FT whether a lower hour position like corp fin is better it makes little sense to throw something away that is only 10 weeks and will be extremely helpful for FT recruiting no matter which way things turn. 
Cancer is a horrible disease because people die relatively slowly and the final weeks you can see their life slowly going away. People don’t just fall dead immediately and pass away so your fear about “the call” is irrational. Just tell the doctor or mom/dad to call you if things take a turn for the worst and then walk away from the internship immediately (even a partially completed internship will be good on the resume) and spend the final month or so with them. Remember that the scenario I outlined above is a worst case scenario - it is far from guaranteed this will occur.

Really sorry to hear that, man. It's such a tough position to be in and I can't imagine what you must be going through. No advice from my side; just want to wish you well.

I feel you man, dealing with shit like that is hard as fuck. You seem like a smart guy, opportunities are going to come if your stay prepared, but I wouldn’t want to regret not spending time with my family if they were in that situation 

That's awful. DM if you need to talk.   Lost my dad when I was 12 and then later my mom got breast cancer. But best to keep up hope. Cancer is survivable in many cases. I'd recommend taking a leave of absence from work/school if you can and spend as much time with them as you can right now.

Tough situation no one should have to deal with, so sorry that you have to. At the end of the day, it is your life. What I mean by that is you’re not living it for someone else, not to satisfy some arbitrary belief of what success is, not to fit in with some status quo. Live your life according to what you want to do. If your happiness lies in being with you parents, do that. It difficult, but you can always go back to school/get an internship. When the people that you care about are gone, there is nothing you can do. Best of luck, wish all the best.

I'd imagine it would be painful enough to deal with just one person with a serious illness in your family, but 2 

Have faith - people will understand the situation you're in. It is out of your control and out of everyone's control. Sometimes life can be really tough towards us for no reason. You are just trying your best to cope with the stress and balance things out 

Go and spend time and see your parents! You might look back and regret it if you don't

I'm going to use an Office quote:

"If you're going to wait for the day your parents ask you (to come take care of them), that day will never come".

So go do what you have to. Spend a day or two to go about the best way of doing this. You will always regret it if you didn't spend time with your parents while they were still your parents.

Good luck

Bro go spend time with your family, I promise you you'll be able to get back into banking.You broke into banking and that can be one of the hardest parts.Take time and be with them, trust me. I did this and I was able to get back in, you can't get time with loved ones back, soak it up, cherish it, then come back.

And sending best wishes

Terrible to hear this - and I'm sorry. As many people have said, not even a question - I hope you spend time with them, and prioritize them. Banking (like any other job) can wait. You can make another mil, maybe another $5M, but what would that money mean to you, if you miss all your last few days with your loved ones?

Time waits for no-one. You probably do not want to be remembered as the person that closed 15 deals (and no one in your bank will remember you either for that as much as you'd like to believe) but was not around for their parents.

Do what you love, & spend time around those who you love and care for.