How risky? Re-recruiting full-time with internship from another bank

Currently have an IB Summer 2020 Internship locked down at Bank X. However, Bank X isn't the kind of bank I want to work at full-time (I'd rather work at Banks Y, Z, etc.).

The full-time (start date summer 2021) recruiting cycle is beginning now. It's becoming apparent after browsing LinkedIn that a lot of these analysts/associates at Banks Y, Z, etc. are connected with some analysts/associates I know at Bank X.

Overall, I'm worried about people at Bank X hearing from their connections at Banks Y, Z, etc. that I'm recruiting elsewhere for full-time, especially since my internship at Bank X hasn't even started. Is there a general way to go about this (i.e. avoiding talking to analysts/associates at Banks Y, Z, etc. with connections at Bank X), or am I better off playing it safe and not even recruiting full-time with Banks Y, Z, etc. in the first place?

Thanks in advance!

2 Comments
 

Banking is a lot smaller industry than how it may appear. This doesn't sound like the best idea, but I understand how much of an impact of landing an internship at Banks Y or Z could be as well. I think if you discussed potentially staying on full time after this summer, I would avoid the other banks. If not, summer 2021 is a while away, and you could always use the excuse that you wanted a back up in case you didn't get a retunr offer from this summer...

 

Eos eum ipsa nemo quas. Quam ut corporis suscipit consequatur et cum tempora dicta. Mollitia porro praesentium sint deserunt aut iste. Dolorem molestiae qui necessitatibus dolore quod aut. Dolor tempora voluptas fuga minus quae.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”