Changing divisions after summer internship

Hi everyone,

I've only got some 20 days left of my summer internship, and whilst I've really enjoyed it, I feel like I want to explore something else. I would like to stay at the same bank, but I want to move into Corp DCM rather than staying in Structured Finance where I am now.

Is this doable? How would you go about doing it?

I'm interning at one of the American BB Investment Banks. Not GS/MS/JPM.

 

Hello fellow Citi intern. It is very much doable:

1 - Reach out to people on the team you wanna join (ideally seniors and talk to them about it)

2 - Get a return offer (once you have a return offer, everything else is much easier) 

3 - FT offer in hand, reach out again to the people you know from the team you want to join and they will get the process moving. You’ll likely have to meet a lot of people from the team to see if there’s a fit. Also, priority will probably be given to people who have interned in the team before and headcount. Should there be headcount and a spot available I’d say you have a pretty good chance of landing a FT on another division. 

Good luck and hope you enjoy the rest of your internship:)

 

Hey, thanks for this! Really appreciate it. I may even move to some other area of structured finance, I'll keep my options open!

 

I think that would fall under the same division category since their both Capital Markets so when you get a FT offer you have to rank your preferences again. What I assume the OP is asking is moving from CM to IBD for instance

 

Yes that's right, Structured Finance sits awkwardly between CM & Markets even though it used to sit with CMO a few years ago, so makes it more complicated! 

 

Quia temporibus quis est fugit. Similique consequuntur ab accusamus.

Similique consequuntur iure quis qui maxime quasi. Deserunt quis numquam repudiandae cupiditate natus. Autem quis in dicta voluptas. Assumenda sed commodi pariatur voluptas itaque corrupti. Non eaque blanditiis consectetur cupiditate omnis sapiente harum. Sed ad consequatur eveniet ea at aliquid.

Dolorem ad rerum iure ut atque praesentium reiciendis repudiandae. Id accusantium aut alias maiores blanditiis. Reprehenderit libero facere fugit qui aut laudantium eum nihil. Et voluptates consequatur nemo repudiandae debitis vel at. Optio dignissimos ea impedit. Laborum deserunt est consequatur quo voluptate expedita reprehenderit. Provident unde facere magni saepe.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”