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Hey All,
I'm here to ask for some strategic advice.
I am a senior at a target school. I interned in S&T at a top BB this past summer. Unfortunately, I was unable to recruit for FT in Investment Banking (i want to pursue IB and not S&T).
I have received an offer from a struggling BB in the NYC Finance division (80k+ and I have yet to find out, but it seems like a 60 hour work week). (back office). i don't have anything else on the horizon. There are some internship opportunities that i can apply to (MM to Boutique shops), some are for summer and a couple are off-cycle internships (Spring 2017).
I can either accept this Finance offer and start FT in May 2017, or take next semester off in the hopes of finding an internship, and graduate December 2017.
Please advise. Obviously i can give more information, but i want to keep my privacy. If anyone is available to chat through DM, where i can share more info, please let me know!
Thanks
financeprospect, have you reached out to boutiques at all? It will be much easier lateraling to a larger bank from a "no-name" boutique than it would from a BO role (if that's your eventual goal).
I dont know what I want to do in the long run, but i definitely see myself getting an MBA. The only reason I'd move to a larger bank, is if it will help my career development, I don't care too much of the prestige factor.
The finance gig seem great from a lifestyle + salary point of view, but I think it will fall far short to how investment banking will affect my career.
I have reached out to boutiques, but I know I still have a lot left to reach out to. I've interviewed at a couple of BB also.
My main decision, honestly, is if I should pursue internship IB, or FT IB. I don't want to be stuck in back office.
Do you have the option of taking the S&T FT role for now? I know it's not what you want to do, but lateraling between FO roles is easier than going from BO to FO (although that's not to say that S&T to IBD is exactly common either, just relatively more so).
unfortunately not, too late for that. I was confident i could get FT IB...
I'll give you my story, last year I only had 1 off-cycle BB IB internship then struck out during FT recruitment. I then took 2 terms off from school to do another off-cycle and a summer IB internship at another bank which I then converted to FT because they already invested so much into me. So would I recommend my path? Maybe as I think I got extremely lucky but if IB is really your goal I think you should consider it.
Do you come from a non-target? why did you have to postpone graduation so many times? What didn't go your way- after doing the off cycle IB internship, did you apply to FT?
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