Is it okay to accept an SA 2023 offer for a different bank when you have a SA 2022 internship that has the option to be extended to 2023?

So in my freshman year I was lucky enough to land an IBD Summer Analyst 2022 position at a BB which has an option within the contract to lead to a IBD SA 2023 internship. It is not guaranteed (will only get second internship if I complete the first one successfully), the contract is "at will", and there is an expectation to do both summers (which I take as ambiguous language). Is it okay if I chose to re-recruit for another 2023 IBD SA position (this time at an EB) and have accepted this offer considering I already had this option from my first internship? 

4 Comments
 

Take the offer at the EB for 2023.

You don’t owe anyone, especially a corporation, anything since the second term isn’t guaranteed.

It’s better to have a 2023 opportunity lined up now than leave things up to chance.

 

Sunt ratione ipsa sed asperiores. Harum qui occaecati et pariatur ut nihil. At et quod ut eius qui quia ut.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”