Would I be playing with fire? - Advice needed
Final year undergrad, and currently have two ACs scheduled for the next couple of weeks. The roles are:
One SA position at an EB One FT position at a NN boutique
In the scenario that I get both, what should I do?
1 - Accept the EB SA and hope to convert straight away? Either getting put on an OC or FT role
2- Accept the NN FT offer
3 - Risky option: accept both: have Plan A as do the SA and hope to covert, if that doesn’t play out, use Plan B and start the FT role that is lined up immediately after the SA.
Obviously with the risky option I would have to keep quiet I’m doing a SA (don’t mention it on LinkedIn for example), and I would involve reneging on the FT with short notice if I convert the EB SA role
I know option 3 is very risky, but I really want the role at the EB - and if I don’t convert, I will be left unemployed in around Aug-23, and since I’m final year I will be pretty screwed.
Any advice is appreciated.
Why are you interviewing for a SA role if graduating? I would take the NN boutique offer unless I am missing something. Unless the EB has say a ~99% offer rate, why risk taking an internship and praying to convert to FT? Also, even if you could convert, wouldnt the FT offer be one year late?
I’m in the UK, and recruiting this yeah is rough.
Citi and BoFa for example aren’t recruiting FT analysts this year (as far as I know), and most banks are cutting the number by about half so SAs are a Plan B for me.
Plus, firms like Gleacher Shacklock, Greenhill and FT Partners aren’t hiring FT so only have SA positions available.
At the EB I have seen a few people working there now who have immediately converted a SA into either an OC or FT.
If I were you, I'd choose #3. Having EB experience on your resume will position you better in the long run and is worth the risk IMO.
Yeah but if he accepts the offer, and the no name finds out somehow he’s worked there they’ll pull the offer anyways - or worse tell them what he’s doing.
I’d take the EB, and work your ass off, make sure you take a ton of initiative so they keep you. Take it as a contract with extension based on good performance. Even if you don’t get the FT offer working at that EB positions you better in the future than working for the no name for a year. Quality vs quantity my friend.
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