Need Internship Advice
Hi everyone, I am looking for some internship advice. I know no one likes to hear about people struggling with a great dilemma such as deciding between two internships, so let me preface this, I realize I am in a great position. I just really have no one to advise me. My father is a farmer and has no idea about the finance world, and the same goes for most of my friends and family. I just really have no one to go to for advice on a career in banking.
With that said I have become interested in commercial banking, and landed an internship with a top 15 bank in the U.S. in commercial banking. I was pretty much dead set on accepting the opportunity. Then, I received another offer for a Risk Management position at a BB Bank in the city where I go to college. The risk management position pays $10/hr more than the commercial banking internship, and I wouldn't have to move and find someone to sublease my room for the summer. It logistically makes a lot more sense to take the Risk Management position, but after reading several forums, I have become worried about the possible exit opportunities from a middle office role. I do not want to be stuck in a middle office role forever, as I have aspirations to become a relationship manager in commercial banking. I was wondering if it would be difficult to find another position in commercial banking after a summer spent in risk management at a BB bank over the summer. I would also like to possibly work for a larger bank than the one I have a current internship offer for, but, I shouldn't be complaining. It is a great opportunity. I am currently a junior in college, so I would be looking for a full-time offer after this summer.
Again any advice it greatly, greatly appreciated because I have relatively no one to turn to for knowledgable advice haha.
If you want to do commercial banking take commercial banking. Leasing is a pain but it's not worth derailing your career for.
Then use your experience in commercial banking to recruit at a bigger bank for commercial banking.
Thank you very much for the response. That is what I am leaning towards; I was just caught off guard with the pay at the risk management position and thought it was a better opportunity than I first believed.
I agree that I was a bit surprised to with what u listed but my thinking was also that
a) if ur not interested in risk then you’re not going to like it and like u mentioned, it’s exit oops don’t align with ur goals
&
b) given that it’s only an internship I believe that commercial banking internship might be more beneficial for FT recruitment or lateraling after 1 year to a top bank and at a top bank, I would assume Commercial bank comp would be in line with risk or maybe higher
In sit esse quaerat officia necessitatibus aut consequatur. Similique quibusdam deleniti maxime dolor sit molestias et corporis. Qui molestiae aut et illum dignissimos. Id odio id repellendus velit quam sunt non odio. Nesciunt laboriosam natus laboriosam facere iure voluptates.
Expedita tenetur et facilis. Sit deserunt tempore perspiciatis officia molestias. Rem id numquam dolorem et eum ea. Sequi quas consequatur molestiae qui in culpa et. Dolorem laboriosam optio in non impedit molestiae minus. Rerum illo nihil odio ullam ea.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...