Quitting IB before I even start?
Hi all,
Current junior in college here who was accepted into a 2024 IB analyst program at a mid-tier BB. When I initially accepted the offer this past summer, I was VERY happy as I had just gone through that grueling process of networking and interviewing. But now, I'm not looking forward to the summer and feel almost afraid; don't know if I'm qualified for the job/if it's even what I want to do. Everyone I've talked to in the industry seems like they despise the work they do but have some chip on their shoulder. First, is this a normal feeling for someone like me at this stage? and second, if I were to find another internship in a different field (not lateraling to a better firm) and reneged, would the firm and everyone I've talked to be super pissed and screw my reputation?
Lol. You’ll be fine. Most of the learning is on the job anyways.
Why quit when you’ve already put in the work? Sure, parts of the job suck, but if you have a genuine interest in finance, you won’t hate every aspect of the job.
What’s the alternative? A brain numbing 9-5 corporate job? I couldn’t imagine anything worse at this point in my life. I’d rather work 10-2am on stuff that’s mentally stimulating 90% of the time, and interesting 60% of the time with great learning ops.
The people that absolutely hate IB imo:
1. People in absolutely horrible groups with bad culture (getting screamed at for fn on pg 100 missing a period). Tbh don’t hear much abt yelling at analysts much. More just “plz fix” or “EBiTDa looks off, please review” which isn’t bad
2. People that were optimizing for “prestige” or comp without having any interest in finance at all
Also, it’s literally an internship. If you do hate it, it would probably go easier to recruit for a less intense role with that experience. If you don’t want to do finance, no, reneging will not hurt your reputation since you won’t be working in that industry and nobody cares enough to chase down your other non-finance/banking related internship because you decided it wasn’t the right path. If you want to do finance, it’s just 2yrs of your life that will set you up to be successful in whatever finance (or non-finance) role you want. Seems a bit foolish to throw away the opportunity because a couple people looked depressed
It's only 8-10 weeks. It'll fly by even if you get crushed and don't like it. In the end it'll do much more good where you could find out you like IB and want to stay / get an offer or use it to recruit to something else and levereage the "IB stamp of approval" on your intern resume
Part of the point of any internship, banking or not, is to see if you really like it. I say go for it and if you hate it, then do something else. You got a slot that is hard to get and can open some doors. Keep in mind that plenty of people enjoy banking also, but don't spend all day on internet forums so some of the comments are self-selected.
“Quit, don't quit... Noodles, don't noodles... You are too concerned about what was and what will be. There is a saying: yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the present.“
- Master Oogway
If this was FT, I might say otherwise, but tbh, it’s just an internship - just complete it, and try to get the return offer, as that’ll give you a shitload of leverage in FT recruiting
At est voluptatibus quod recusandae. Nihil velit quos veritatis et in voluptatem nam. Laborum porro voluptatem vel sit saepe ducimus. Id quidem et eos. Aliquid rerum sint repudiandae perferendis fugiat eum dolor. Eum itaque ut nemo rerum.
Omnis iste possimus ipsum deleniti aut quam qui. Reiciendis esse voluptatibus et esse. Sunt voluptatem quia molestiae et dolor culpa. Quis nihil quia ratione voluptatem.
Quidem quam magni vitae. Et rerum atque ut eum et consequuntur expedita. Ullam nihil quas quidem odit quaerat enim et. Est beatae rem reprehenderit aut id maxime animi. Illum sed corporis voluptatem natus consequatur. Totam porro sed voluptatibus repellat aspernatur. Est reprehenderit inventore minima officiis consequatur voluptatem vel tempore.
Dolor et amet et ut blanditiis omnis tempore ut. Cumque ea necessitatibus et qui quas maiores. Aut quas libero commodi atque quia dolorem placeat.
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...