Received FT offer to go back to internship company that didn't give me a return - Advice?

1st year analyst here, I interned at a MM/UMM fund junior summer and despite consistent positive feedback was told I would not be given a return offer due to lack of headcount.

I've kept in touch with mentors from the firm and reached out a few months ago to see if they had any needs now, and whether they would potentially consider me along with their 2024 summer interns for a FT role in starting in 2025 (I'd basically be starting anew as An1, but with 1 YOE elsewhere). Was given the same message that people liked me but no headcount. However, saw that summer interns all received FT return offers, so figured maybe they were just being nice to me and stopped considering it.

Recently, firm reached out to give an offer. I feel like I'm getting mixed signals and am concerned about longevity within the firm. Enjoyed the work more than my current role, however, this would come with a large WLB tradeoff and only incremental short-term comp changes. Has anyone experienced similar? Not sure how to read the situation, been burned once and don't want to get burned again.

3 Comments
 

Based on previous WSO threads, here are some insights and advice for your situation:

  1. Mixed Signals and Longevity Concerns:

    • It's not uncommon for firms to have fluctuating headcounts and changing needs. The fact that they reached out to you now indicates a genuine interest, but it's understandable to be cautious given your past experience.
    • Consider having a candid conversation with your mentors or the hiring manager about your concerns regarding longevity and headcount stability. Transparency can help you gauge their commitment.
  2. Work-Life Balance (WLB) Tradeoff:

    • Evaluate how much the work-life balance tradeoff will impact you. If you enjoyed the work more than your current role, it might be worth the tradeoff, but ensure you have strategies in place to manage potential burnout.
    • Reflect on your personal and professional priorities. If the work environment and job satisfaction are significantly better, it might outweigh the WLB concerns.
  3. Compensation:

    • While the short-term compensation changes are incremental, consider the long-term growth and opportunities at the firm. Sometimes, a better work environment and job satisfaction can lead to better performance and future compensation increases.
  4. Past Experiences and Future Decisions:

    • Use your past experience as a learning opportunity. Assess what went wrong previously and how you can avoid similar pitfalls. This might involve setting clearer expectations or seeking more regular feedback.
    • Trust your instincts but also gather as much information as possible. Speak to current employees or other alumni who might provide additional insights into the firm's current culture and stability.
  5. Networking and Mentorship:

    • Continue leveraging your network within the firm. Strong relationships can provide support and advocacy, which can be crucial for your success and longevity at the firm.

In summary, weigh the pros and cons carefully, seek transparency from the firm, and ensure you have a support system in place to manage potential challenges.

Sources: Advice for summer and return offer rate?, Intern Burnout, Considering Full-Time, Fired for the second time in less than a year. Feeling lost., Burnout. Is it worth it?, Accepting TWO offers (one SA, one FT) during same year; date clash! Help!

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

If you already know the WLB is gonna take a hit while comp isn't going to be significant, then I think you know the answer deep down. Plus if a company I interned at pushed me off and kept me around as an extra "headcount", I would feel like they only gave me the offer because they know I'm desperate enough to take it, kinda like bait. 

All in all, wouldn't go for it. Enjoy the WLB and grow yourself at the current position. 

 

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