Quitting Internship
So I am sophomore and I was trying to get some real estate finance experience. This spring I joined this startup storage shop as a remote intern. They told me I was going to be working with acquisitions getting underwriting experience. Well I've been there two months and all I've been doing is market research and calling storage places nearby deals their doing and checking rates. I started interviewing for summer internships even though I told them I would be there for the summer. I got an offer as a asset management intern at a top repe shop think Starwood/brookfield/blackstone. I told them when interviewing I am currently interning but unhappy. I didn't specifically say I agreed to work with the storage shop till the end of the summer. Now I gotta quit the storage place but I don't wanna burn bridges that much. Also the new internships background check is wanting 3 references one from a former manager. I lined up a former manager from part time supermarket job I did to do it. You guys think this will work. I don't wanna quit the old internship and then lose the new one and be screwed this summer. What do you guys think any advise about this situation?
Just quit. It isnt a big deal. Gotta put yourself first, especially if you are not happy.
That being said, I work in acq right now, and half my job is market research and blind shopping competitors. In fact, I should be doing that right now...
Do what’s good for you. You’re an intern. Take the job you want. No one will blame you. It sounds like the new internship is at a highly competitive firm which is hard to get (I’m not saying the first one wasn’t hard to get either, just saying the new one seems it). Do what’s good for you and don’t worry about burning bridges. They won’t remember you in 15 days.
Quit. Fuck em.
Edit: quit respectfully though
Be a good guy about it, but yeah quit and take the internship
Yea I promise you they are not going to care that much if you leave the internship...
As Ray Jay mentioned, you learned an important lesson here that acq isn't all cranking models in excel. As a matter of fact, that's probably the skill of least differentiation.
I found myself in a very similar position as an undergrad. You should leave your current role (as others have mentioned), but you should do it professionally. In my opinion, this entails scheduling a meeting with your superior (only once you've signed the offer for your other internship) and resigning in person. Tell them that you unexpectedly landed a really exciting opportunity elsewhere and that you simply can't pass it up.
Importantly, you need to do your best to avoid complaining about the experience you were getting at your current gig. Tell them that you appreciate the opportunity you were given and that you'd be happy to recommend some of your qualified cohorts as a replacement to speed up the hiring process once you leave. I would also recommend offering to stay until the start date of your new opportunity.
Congrats on the new internship!
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