Joining full time immediately after Internship
Currently a finaly year student at a semi target in London with a Summer internship coming up this summer. If I do get a Full time offer, is there any way I can ask to join Full-time immediately. I previously intended to do a Masters at a non-target (as this is all I can afford atm), but alot of friends in the industry + on WSO have said it better to not do a MSc at non-target (not worth the time and apparently won't give me any better looks). In this case, could I mention this to my team this summer and have any hope of joining FT immediately? Does something like this happen often? I declined another graduate job offer due to my intentions being set on MSc but am now in a really difficult spot. Thanks for reading.
It totally depends on the bank and headcount. I think it's more common among the US BBs than the Europeans.
Maybe it´s not possible to join right after the summer. I'm in a similar situation and my bank told me I could definitely join in January.
Fantastic- thanks for this man, there is still hope!
Some places will let you do off cycles until the grad programme starts which in effect you have a year ahead of everyone else
If not then apply to off cycles givens you have brand name internship to make some cash and really take some time for before the grind starts
Apologies for terrible grammar
Great this would be better than nothing! Do off-cycles get paid at an intern level ususally?
At least in London summer/off-cycle/grad analyst base salaries are the same just pro-rated
Yes, you can join in January like above said. Just out of curiosity why not still do the Master’s as getting a FT offer isn’t guaranteed. Also, I’ve honestly seen people in FO roles from non-target Msc like it’s harder but it’s not outright impossible and with a solid internship under your belt I see no reason why that wouldn’t be the case in your situation too if you decided to lateral upwards a tier.
I think because people say non-target MSc programmes are essentially not worth the money because it doesn't improve your profile all that much. I agree, if I don't get a full-time offer or other off-cycles then I might be forced to do the MSc or take the year off - just haven't decided which one yet. I'm also having some issues with affording the MSc to begin with (I'll be scraping pennies if I go for it), so it might just be best for me to go into a job and try something when my financial siutation gets better!
Trust me the money you’ll get for a banking internship ~10k + the money you can get from the govt ~11k + another 10k you can chalk up of your own money should do it. I’ve had to do the same, it’s not impossible just about making short-term sacrifices. There was a post recently about not taking everything you read on this site literally. Trust me in the real world you’ll see not everything said on this site is gospel. Yes a targets Master’s will help a lot more but doing a Masters at a non-target doesn’t completely blacklist you. Given an already strong resume, which a bit of hustling, I see no reason why you can’t FT at a bank somewhere. In Europe, Master’s help a lot especially if you aren’t coming from a Target UG.
JP doesn’t do early start, BofA/CS/CITI/Jefferies do. Not sure about other banks. By early start I mean January of the following year.. rarely saw anyone start straight after but you can try an off cycle.
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