For some context,doing a summer at a BB in London within a fairly ‘normal’ team ~(9-1am).
Can never really recover from the lack of sleep honestly and not a fan of doing this, have my mid point review soon and plan on making it quite clear that I frankly do not want a return offer and don’t see myself doing this at all.
Is this foolish??
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Banking A2A who couldn’t get an exit is calling others cowards because they don’t want to end up like him
> lol
Honestly I would like to live your life if I could!
Just do what other well off kids do who want the status and don’t want to slave away - startup or MBB
Greatness isn't for everyone
Try to move into other FO divisions
I already have a return offer from a a UMM PE fund I interned at before.
You think PE will be better?
Whatever you feel like, don’t reveal it in your mid review and don’t say you don’t want the return offer. It’s always good to keep options open, you never know what will happen
If you start full-time the hours will only get worse + you need to work on Sunday.
Which is why it’s better to drop out now? And only do the summer is my thinking
While sorry that this isn’t what you want to do and is nor a fit you should be happy that you are learning about what you want and importantly don’t want to do. If you still have an option (performance wise) to get an offer my advice would be to protect for downside and have option value (should you change your mind about the industry) and get the offer. To the extent you think no real path for an offer I do agree a candid conversation about industry fit and objectives at your mid-term review makes sense. I guess a broader question, and not one soliciting an answer to but more for you as you think about what’s next, is I presume you spent a lot of time recruiting / learning about banking and your view changed pretty quick after 3-4 weeks of work. What could be learned here as you think about the next field you want to pursue.
To be very honest I come from a fairly well - off family background and don’t need ‘optionality’. I went to Oxbridge, did STEM, and really enjoy research vs just editing excels all day. Will probably pursue a PHD or something.
There you go and sounds like you had your answer. Optionality less around a specific job so to speak but more broadly. Broadly speaking anyone hiring or admitting into highly select programs (including PHDs at top global schools) are going to do a deep dive into your background and credentials but also test committment. The narrative around I bailed out of a program I spent a lot time invested in / trying to get hired in 4 weeks in and now I want to do a completely different field doesn’t play well professionally or from a maturity standpoint. There is also a lot of rote work in those fields as well. Again more to suggest would have narrative down around experience of yeah I had an offer post program and realized it wasn’t for me is going to play better then I spent a lot of time trying to do this and gave up 4 weeks in.
If you know you don’t wanna come back FT to them or any other bank I just wouldn’t accept the full time offer. No need to bring it up in midpoint of summer.
Very smart of you to realize this isn’t what you want, will give you time to pursue other things senior year.
People on this forum will say just accept and reneg later on but if you know you wouldn’t go back, no sense in lying to them.
I would advise you keep it cordial and professional at the mid point review. Don't give them any indication whatsoever that you are dissatisfied. If IB is truly not for you, then you should feel free to just coast for the rest of the summer (You might as well keep collecting that summer analyst salary). Leave the office at a reasonable hour. Push back against unreasonable work requests.
This is what I intended by the post. Not quitting but also not working till 2am in the morning. Just knowing I’m not coming back FT.
just do the 2 years if it is survivable for you and exit to corp dev or FP&A roles if you decide to go back FT.
if not, then recruit full time for corp fin roles.
Just get the offer and recruit doing school year. IB is horrific and silly. Doesn’t need to be this way but oh well
Well, you are probably not alone with this. All the hype has lead to a lot of people with no idea of the job applying and quotas and similar have allowed these people to get hired just by looking at interview questions for a few hours. People see money and think they are the absolute highperformer while a 9-5 would fill their mental capacity for work well enough.
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