Quitting the Master's Program to Do a Full-Time IB Internship
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
| +116 | I think I’m logging off after ER visit | 23 | 17h |
| +95 | Is it Bad That I ALREADY Don’t Care? | 31 | 13m |
| +91 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 10 | 4h |
| +81 | AI Creating More Work | 27 | 2h |
| +61 | Shit PWP Culture | 43 | 54m |
| +59 | Consulting Son or CorpDev Daughter? | 6 | 4d |
| +44 | How easy was recruiting for you? | 21 | 4d |
| +36 | 22yo IB Analyst just had mental health breakdown | 11 | 1d |
| +27 | How tf do i control a stutter? | 14 | 23m |
| +26 | Uchicago is paradise | 2 | 1h |
Career Resources
I think most people here reading the thread would be interested -
Which firm?
How small are we talking about?
Compensation?
I think he's better off completing the MS as a backup rather then pursue IB for now. I believe he will have a stronger advantage at that point and be less stressed out about the MS as opposed to getting burned in IB (if he ends up hating it) without a plan B in place.
Best wishes.
Can your friend defer the rest of their MS to next semester / year?
The internship goes until the middle of the next semester as well, as it's not a regular 3-month internship. That's why this experience would be super valuable.
It's pretty clear cut to me. The most difficult thing about getting into investment banking is not having had any prior experience in investment banking. An internship in investment banking would be the best thing he could do to strengthen his application. Unless completing his masters could pretty much guarantee him a position at a better investment bank, I think he should take the internship and either convert to a FT role, or leverage it to get a position elsewhere.
However, I am quite biased against masters degrees, especially coming from the UK, where masters degrees are mostly for rich kids who couldn't get jobs straight out of undergrad, so their parents have to bail them out with an extra year to try again (we don't get student loans for graduate degrees). Throw monkey shit if you want, but deep down you know it's true.
Your friend seems to have been able to land an IB gig without needing a masters, so I don't see how having one is going to help him more than the experience he is getting.
^ What he said.
fuck the master program. focus on the internship.
He should absolutely do the internship. He can always go back to finish his masters.
I think your 'friend' should start playing Pokémon Go!
Most Ms programs would let him take time off. He should do that, then make a decision at the end of his internship, whenever that is.
Molestiae iste aut ut sit. Minus eveniet et at vero eius aliquam. Eligendi facere omnis commodi. Doloribus sequi atque qui velit occaecati. Voluptatem maxime quo modi ex sint rerum ut.
Ut vel non dignissimos. Magnam est dolor tempore distinctio. Cum suscipit totam non eum et.
Sed fuga officia rerum ut. Officiis maxime aliquid consequuntur in 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...