4 days into an internship and I’m already told I’m not getting a return offer
So I’m currently doing a sophomore internship in S&T at a BB. I’ve been on the desk for 4 days. I’ve done my best to engage with everyone on my team, set up showdown sessions and meetings, read up on markets, and ask thoughtful questions. The first 4 days as a sophomore intern were overwhelming so I know I wasn’t the best intern. However, I met with my boss yesterday and he said he doesn’t think I’ll get a return offer. It’s a rotational so I can change desks in a few weeks.
In a way, you have to recognise how funny this is.
I think you should ignore what they say. Regardless of what they say, you should do your best to learn the craft, do a good job, be useful to your colleagues and have some fun (if they joke around with each other, you can also joke around a bit).
Even if you're not getting a return offer, you are slowly building your reputation in the industry. So, do your best so people remember you as the good kid. "Even when he knew he wasn't getting a return offer, he still did a good job." They might also be testing you. Who knows?
I'd also make sure my performance is consistent across all desks.
Good luck!
I agree with this. Anyone who judges you that quickly, you probably don't want to work for. Don't take it as something you did wrong.
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I agree. Interns 4 days in may not even be fully set up from an onboarding perspective and they certainly haven’t been given any tasks they could mess up in a big way. Did you say something? Are you awkward? Have you left before your seniors? What was the tone of the comment?
Even if you don’t get a return offer, work as hard as you can to at least secure a recommendation.
Yeah dude THIS is the reason why you still gotta recruit for junior year even if you already have a soph BB internship. Some junior year recruiting is still open at the BBs.
If I were you, I would de-prioritize this joke of a team ASAP and recruit hard for junior year. Don't worry about performing well, contrary to what others are saying. Your boss is not trying to test you dude, he's just being up front with you. Don't take it personally, it's probably a headcount thing.
Once you get your junior year BB offer, which I'm sure you'll be able to secure with this BB on your resume, take it and don't look back. If I were you personally, I would quit then and there, but if you're more risk averse, just coast the rest of the summer and GTFO as soon as possible.
I think you're missing the part about gaining valuable experience. If he just leaves, the opportunity cost is gaining experience. When you're early in your career you receive multiple chances to prove yourself and this one is his/her first chance to start putting out and blazing a trail of excellence.
Ok bro relax lmao do u realize how mind-numbing finance is? Maybe it's bc I'm a banker and this kid is S&T (I've never worked in S&T), but from a banker's perspective, I can tell you straight up that there's absolutely nothing "valuable" about arranging logos in a slide deck, inputting numbers into a spreadsheet, printing papers, or getting your analyst1 coffee. The experiences in banking specifically make you absolutely useless at best, and retarded at worst.
If I were you, I would personally dip to tech (that's what I'm trying to do at the moment) because if you're smart enough to work in the industry, you get paid way more for way less hours with actually interesting work that requires critical thinking, unlike banking — all process oriented.
But kid, if you're truly gung ho on finance, I need you to realize that the only place you can have a semblance of intellectual firepower and a fuck ton of cash/prestige is in a buyside role. So get there as quick as possible for junior year. If you can't, just get the most prestigious bank name you can find for now. Prestige > actual experience — every day of the week. Because at the end of the day, when you're recruiting for buyside roles (PE, VC, HF), no one cares how "valuable" you were to your team (unless you can get an MD referral, which is unlikely unless you're their kid, since banks usually will fire analysts who get caught trying to leave). It's all about brand name to these headhunters. They're trying to make a quick buck off of your signing bonus. So make it worth their time — rack up the brand names, coast as much as possible, and spend that extra free time interviewing buyside and practicing buyside interview skills as much as humanly possible. All the "modeling" you'll ever need can be found on the internet. Super simple.
Just make sure you know your deal experience just well enough that you can BS it properly, but not so much that you waste your life in banking. Just my two sense.
Prob trying too hard and not putting out good enough results tbh
ever had this one dude/gal in your class who asks tons of long, dumbass questions, kisses your prof's ass and comes back the next week still not able to answer the most basic shit? that's you right now
personally ill spend some time brushing up social skills, get into better shape (think lowering body fat, unless youre already shredded) and have a hard look at your wardrobe (yes I know this is weird advice but appearances matter a lot, go google halo effect) and not worry too much about your current rotation, your now-boss thinks you suck dick anyway and you prob won't change his opinion anymore, first impressions stick.
Then try to make a good first impression at your next rotation, and make it seem effortless, stop trying so fucking hard
Yes OP will definitely be able to lose enough weight in the 3~ weeks until his next rotation to materially change his appearance over Zoom. Thank you GoLiftSomeWeightsBro, very cool.
he could just try stopping eating and see what happens
Jesus, the "Red pill" types are mentally ill.
The decision was likely because there was not an open entry-level, full-time position. Not because he was so ugly and annoying that the boss decided he was done for after four days
chad would have secured a return offer on the first day, after banging bosses wife
If there is no obvious reason for you bosses comment, I'd just try to schedule another catch-up with him in 1-2 weeks:
Then, I'd just confront him with it in a very polite and careful way - just mention that his comment stuck in your head and you were wondering if there's anything you can improve.
I second to the notion that this is likely a headcount issue, however, you never know.
Typically, sophomore year internships have very high return offer rates. At my bank, for example, I remember in one class only one kid out of thirty did not get an offer because blew himself up. I think the default position is that sophomore interns are given returns unless there’s a compelling reason not to.
Personally, I’d probably pound the table, tell him you’re going to prove him wrong, then work your butt off to do so. Some people just want to see whether you’re going to roll over or take control of your future. Low risk to this if you were already told you’re not getting a return offer. Also if you landed a sophomore internship, I’m confident that you’ll land a junior internship somewhere else if necessary.
What BB banks take on sophomore SA
Not sure if cap, dude is just an asshole, or if your personality is off. All 3 of these things could be valid reasons, however all of them are odd because most sophomore programs have basically 95% acceptance rates.
What do you mean?!? What BB sophomore SA programs have high acceptance rate? Actually curious. Incoming sophomore looking for a internship at BB next summer
Literally all of them. They know that you dont know jack shit going into a sophomore internship anyways since you would've recruited for that role either late freshmen year or early sophomore year. The program really is to teach you about the firm and to get your feet wet with whatever division you're in. Sometimes soph programs are structured where there's soph specific events and shit. Sometimes you're grouped in with the juniors and have to do real work. Either way, there's no reason for them not to take you as you're not really competing for a junior SA spot as maybe only 10% of the hundreds of spots will have been filled by the end of your sophomore internship. The real question is how many people actually decide to return to the same firm.
You probably left out of your post context and details you knew are damning--for good reason. All I can say is, good luck. Unless you make a serious effort to change whatever it is that in only 4 days caught the disdain of your boss, don't expect your junior year internship to end up any different
This reminds me of my high school classmate during university entrance exam.
He said I couldn't get into a target.
Well, I ended up getting into a target, and now working at a distressed/special situations shop.
That guy is in accounting at the moment, and it's not even big 4, in a lower-tier city than mine - a major financial hub.
Advice: Enjoy the internship, maybe you will get the return offer, maybe not, that's fine.
But do take the time to reflect upon yourself, just don't beat yourself over it.
The purpose of you should be finding out whether S&T is for you or not, this firm is for you and not.
It's just a sophomore internship, you still have one more summer internship recruiting, and a full time recruiting.
Also, try networking when you're there, establishing as many professional relationships as possible, at all levels.
Bro, each sentence doesn’t have to be its own paragraph.
Yes it does.
My posts need to take up as much space as possible.
That's what they taught me in LinkedIn content creator academy.
Always format your posts like this.
It's all about how much space you take up.
You want to take up as much space as possible.
The more space you take up, the more important your post will be seen to be.
Godspeed.
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