What’s up, first time on WSO. I have a summer offer for S&T and my question is how can I transition into IB or ER for full time in a different city? I want to make a jump from NY to Chicago for full time and I wanted to know if anyone here has been successful in doing so and what their experiences have been. Appreciate any and all feedback.
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Not super complicated and there’s no special advice to approaching this. You just need to start networking, get a return offer, and hope that the groups where you have contacts have spots to fill.
I personally waited until about 1/3-1/2 way through the internship to start recruiting (bad look to want to leave your current role before you start), and reached out to people from the same and different banks. I then let all of these contacts know when I got a return offer and said that “although I enjoyed my experience in XYZ this summer I think ABC is a better fit”.
groups don’t normally know what their hiring needs are until interns have accepted/rejected their return offers (august, September) and its only at that point where interviews can begin
It's possible but not common, S&T is really different from IB and you'll be competing against people with IB return offers. Also, switching both division and location is a little tricky, and you should have ties (family or went to college) to the Chicago area.
Hopefully you're at a BB which are better about internal mobility / will take care of you a bit more. You need to network hard right as your internship starts and have a solid why for the switch.
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