SA 2021 (London): I said I was going to do a Master's degree but I no longer will be
I am a final year bachelors student in the UK. I applied for a IB 2021 summer analyst position at a BB and told them that I was going to do a master's degree (that was what I was planning to do at that point). This made me eligible for the internship because they only take penultimate year students.
However, I recently got a pretty good grad offer somewhere (£150k+) and it would be foolish to turn them down to do a master's and hope that I convert the SA. Although it's a good offer, I don't see myself pursuing that career path as it doesn't align with my long-term goals and I want to do IB instead.
Still, because of the money, I accepted the grad offer and ditched the master's plan. This technically makes me ineligible to do the BB internship but they still think I'm doing a master's and the internship is in a month so I doubt they'll rescind my offer now anyway, but I guess they still could.
My question is: if I were to get a return offer from the BB, will they still require me to do a master's? Or will they not care at that point? Also, when should I tell them that I'm not doing a master's and instead accepted a job offer (but still want to join the BB)? I don't want to risk losing the SA offer, so I'm thinking of telling them in the middle or towards the end of it and tell them that I took the job offer because of my family's monetary situation. Will they think that I'm being unethical/sneaky? How should I approach this entire situation?
If you get a return offer will you accept it or accept the £150k offer? Because if you are going to accept the £150k offer anyway why does it matter?
I would accept the BB offer (which would start in 2022) and do the other job until the BB job starts.
Hey, mind sharing some details on what kind of grad job you secured that offers £150k starting?- congrats!
Coding job
Coding job? No coding job pays 150k here in the UK at entry level.
Presumably it will depend on what your return offer says e.g. whether you need a certain grade in masters. At that point you could ask them the what if.
Anyways would love to know what grad job pays 150k and at same time you think isn't as good as a standard BB grad scheme
It's a completely different type of role (think coding) and I'm not that interested in it as a long-term career. It is a great gig though, just not my personal preference
Shouldn't be an issue to tell the BB you won't be pursuing the Master's. Best of luck
Hey - may i just ask how you got a backup FT (assuming its in IB)?
Thanks for your comment.
Did you get a return offer from the BB then? Also, when did your backup FT start and when was the start date of your return offer (if you got one)?
Also, what BB was this, if you don't mind?
I would do the internship and then communicate to bank after you hear the outcome that you will not be doing Masters. 1. you get a return offer and start in Jan 2022 / June 2022 . 2. You dont get an offer or they dont extend one when they hear youre not doing Masters. You still have a 150k job !? And would definitely be able to lateral into IB a couple years later
Are you currently at a semi/target school?
Yes, target
Whats you course? Curious as having 150k gbp grad offer is an incredible anomaly.
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