Offer advice - Semi-target
Hi all,
I recently received an offer from my summer internship at a bank (not IBD). My original plan was to leverage this experience and try for full time recruiting in IB. I go to a semi-target. My question: should I stick to the original plan or accept the current offer? I'm nervous due to the current state of the economy. I checked the recruiting system at my school and it seems like a lot less banks are coming on campus than usual. My current preference is still IB over my current job offer. Any advice is greatly appreciated.
Thank you.
How much time do you have to accept?
Accept and if keep trying to get another job and if you are successful reneg....but be careful
I'm actually curious, what are the consequences of that in college? I remember something about career services trying to scare us, but wtf does it matter if it's a full-time job, you're out of there anyway right?
Exactly - What do you care if you can't use career services because you canned one offer to accept another? In theory, you are making it harder for those who come after you - because the company you turn down isn't likely to come back to recruit. In reality? It happens relatively often, and while it puts the company out for a bit, all of them have it built into their contracts that they can renege on the job offer the second your grades turn down. Ultimately - do what is best for you.
Actually fuck that, yeah the recovery is slower than expected, but don't settle because you will be miserable. If you can't get the full-time IBD offer this fall, stay an extra semester and delay your graduation (if you have the option and the resources to do so). Additionally, if you don't find anything this fall for full-time, delaying your graduation gives you another shot at a summer internship (hopefully IBD or the one you actually want).
Just something I would do, but I also think I have a higher risk tolerance for that type of stuff.
Well think about it this way...you accept the job...then you get an IBD offer and the IB does a background check on you. So the background company calls the other company and they say you accepted a position with them...that wouldn't look good on your part now would it? It's just one scenario. On the other hand, nothing bad could happen. You hear a lot of horror stories on this so do your research on this website.
I wouldn't be so confident about letting this offer go and just focusing on IBD. You really don't know how the economy will be doing in the future.
This, a lot of students at my school did the same, and got caught through the background check.
All,
Thank you for the advice. I've decided to go for the FT recruiting option in IB. I'm beginning to reach out to my network now. Question: should I be reaching out to the firms that I interviewed with last semester for SA positions? If so, should I mention that I interviewed with them before or try to play it off as if I'm a whole new applicant?
Thank you for the help.
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