So, I didn't score the IBD gig for SA. I have been working at in er. For the summer, should I switch to an ops/middle office role at a more reputable player, or stick with the "front office" gig at the small place? I'm afraid I'll be losing out on networking opportunities if I don't grab another position, even in a less prestigious division.
| +309 | UBS in Shambles as Proposed $100k H1B Fee Looms | 67 | 5d |
| +105 | I think I’m logging off after ER visit | 21 | 4d |
| +97 | Article: UBS Quietly Hollowing Out Its Onshore Workforce and Rebuilding the Bank in India | 25 | 5d |
| +91 | Fitting In as a first gen | 28 | 1d |
| +80 | Is it Bad That I ALREADY Don’t Care? | 24 | 1d |
| +52 | Consulting Son or CorpDev Daughter? | 6 | 3d |
| +47 | Senior Banker's Guide to IB Recruiting / Group Placement (with a Healthcare Bent) | 5 | 19h |
| +45 | Shit PWP Culture | 31 | 1d |
| +44 | How easy was recruiting for you? | 21 | 3d |
| +43 | AI Creating More Work | 14 | 5h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I'd personally stick with front office at a smaller shop. It's better and more relevant experience.
front office.
what should i say for "why didnt you intern in ibd?" how bad will it hurt me?
I would say you were more interested in ER, liked your current internship, small firm feel, etc. but have now realized that you prefer IBD for x y z reasons and a big firm for x y z reasons.
I would not tell them you were rejected from all ibd interviews..no one wants a reject. If they ask if you did IBD interviews last year, I'd say you did a few, but that you focused more on ER (don't take it any further - no need to tell them you got no IBD offers unless they ask, in which case be honest but say something like you don't think your interest came through since you were more interested in ER).
Just my thoughts. I interviewed with a firm my senior year that I was rejected from my junior year and they made me an offer my senior year. They never bothered to ask if I'd interviewed with them for an internship (I believe you get a clean slate for full-time).
How bad it will hurt you to not have interned in IBD will depend in a large part on how many BBs interview on your campus. If you're at a true target (all the BBs come), then you should be fine since you'll have lots of opportunities to score a full-time job. If you're at a semi-target where only a few firms come, obviously there will be less slots so you'll be in a worse position. I know quite a few people at my school who did all sorts of random stuff their junior year summer and landed BB positions full-time, although I'm at an ivy so there obviously are a lot of slots for students from my school.
Good luck!
Deserunt est distinctio et nihil in ab eos. Dolor id est repudiandae eius quasi sequi ipsum sint.
Dolorem non ducimus quas rerum. Et assumenda ipsum eaque est dicta nihil et. Molestias et natus maxime.
Commodi ab repudiandae laboriosam accusantium qui blanditiis. Pariatur ipsum sed temporibus illum. Eligendi ab voluptatem sit doloremque magnam enim. Voluptas dolor voluptas error.
Minus placeat natus accusamus deleniti. Quisquam dolor veritatis dolorem consequuntur. Ipsum sit debitis aut atque ut. Itaque explicabo minus harum voluptas et nemo. Dignissimos ut possimus necessitatibus culpa.
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...