Am I messing up my carrear

Long story short my sophomore recruiting has been a cluster fuck. Struck out in a tough way on a corp dev internship and settled for big four audit start intern. I accepted the offer even though its for this summer and next summer. I will be recruiting this spring for IB SA roles for 2025. After talking with some mentors they said just take the offer, recruit for IB, do the first year internship without telling anyone, reneg the second year and move on. To complicate this even more I am in the process with a PE firm for this summer so I may reneg earlier. I feel like I am messing up my career.

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I don't think you're messing anything up, maybe just souring your reputation with a firm or two if you end up reneging on something.

First, get the actual offers. If your goal is to hit IB immediately after grad, keep recruiting for that. You're only a 2nd year in presumably a 4 year program, while recruiting is accelerated for SAs there's always a chance you would get looks in 3rd year and 4th year. If you crush any interviews that come out of that, boom, you have your foot in the door and can start in banking.

Maybe this has changed since I was in school but a sophomore summer internship at Big 4 audit isn't THAT bad. Sure it's not PE at a respected fund, but you're still doing something finance-adjacent with your summer, and the Big 4 generally do a good job of training you to work in a white-collar setting (long hours, professionalism expectations, etc.). So I definitely wouldn't consider it a waste. 

My advice is, don't give up on recruiting for the sell and buy sides if that's your ultimate goal. Obviously don't tell anyone at the Big 4 that's your plan, but do the internship like you normally would, and use the time to improve your skillset and network with bankers. You're not going to screw up your career if you land a SA or FT role in a year and reneg on going back to audit full time. 

 

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