ok so here is my situation. I am a junior at a pretty big and respected east coast state school. now obviously like many others I am in the process of obtaining an internship for this upcoming summer. Well my situation is this,
I have a couple boutique bank interviews coming up next week and am speaking to recruiters of others. Now these are all pretty small boutique banks with the exception of a few. Now I am not sure how any of this will go but... a week or so ago I had an interview with Johnson & Johnson for their financial co-op which I got an offer for. Now obviously this is not banking, however for the co-op it pays extremely well and goes through the summer and the fall semester. Now they need my decision by march 11th, which is before I have interviews with these other banks. now what should I do. If I accept the offer can I break it later if I get another bank offer? Or should I accept their offer and do the co-op for the fall semester, which then gives me an extra summer to get an internship at a better bank with great experience, though not banking.
Now will other banks look at my co op with this company as a good thing if I were to apply for a summer internship or not? And should I do the co op, accept and break it if I get a better offer or decline and take my chances with these small banks? Any input will be greatly appreciated. thanks
im sorry but that statement was not meant to be my main reason for doing it, i was just listing all of the possible pros for it. Trust me i would much rather intern at lazard, greenhill etc for free but im talking about even smaller banks.
so you guys think for summer analyst recruiting having this on my resume will help?
Take the co-op. It's corporate finance with an F500. When fulltime recruiting for you comes around in a year, you will not be disadvantaged by this. Yeah it will be harder since banks aren't going to be recruiting heavily, but there will definitely be some that will come back to campus and not just take SAs. More importantly, J&J is stable, and it's a job that you know you'll have. The small boutique banks are anything but.
If you do get an offer with a BB or high-end boutique and really want to do banking, then yeah, I'd just renege. But it may blacklist you from OCR for FT.
Take the F500 co-op, make some money while your at it, and leverage the experience for next recruiting season.
If the boutiques you were talking about were of Lazard, Greenhill quality, it'd be a tougher decision, but you're not going to want to work at one of the small boutiques full time anyway, so will have to go through FT recruiting regardless, at which point J&J corp finance will look good. Not to mention, it is a summer and full semester so you'll get extra experience, and you know it will be there, and you don't have to worry about shitty dealflow
So are you trying to say J&J F-500 would be better for BB FT recruiting. How would it be a tougher decision??? It would be a no-brainer. Why would you do F-500, if you can work at Lazard.
It would be a tougher decision because he doesn't have any offers from banks, just interviews. Obviously he'd take LAZ over J&J, but if it were LAZ we were talking about it, it would still be just a LAZ interview vs a J&J offer. Thus, tougher choice. Follow?
Take J&J. Looks better on your resume than a no-name boutique. J&J is a decent firm to work as a FT too.
Well if your are set on banking, no-name boutique > any other internship. However, if you don't want to go there full time..J&J maybe an option. I did that (no-name boutique) sophomore year and it helped me get a top internship junior year. Just having ANY banking would place you miles ahead of others, come full time.
Another important factor to consider is that you can get good recs for B-school from the boutique MDs (small firm benefit). See where those guys went to school.
If we are talking about an elite boutique like Greenhill, Perella or Moelis, then you would be crazy to pass that up. These places are as prestigious as BBs.
Take any comment here with a grain of salt. A lot of these kids aren't in banking.
Nobis dolor autem ut atque similique libero nulla. Eum ab tenetur odit alias adipisci consequatur vitae atque. Beatae doloribus est in modi beatae saepe suscipit. Expedita ea inventore rerum possimus nisi quo laborum.
Reprehenderit voluptatem expedita odit est nemo esse nesciunt. Praesentium aspernatur fuga nulla enim. Corporis non vel libero.
Illum quis natus molestiae. Qui ut alias animi doloribus animi sunt libero. Non incidunt quas eligendi et esse asperiores accusamus doloremque. Recusandae voluptas amet quis hic sed. Soluta quos qui ut.
Officiis rem quos officiis qui quae. Similique consequatur nihil voluptatibus amet non quod. Ducimus aliquam earum est sequi non placeat fugiat exercitationem. Id voluptatibus rerum velit est repudiandae deserunt incidunt. Voluptas quisquam id porro laboriosam qui aut ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...