Return offer VS multiple internships

Dearest monkeys,

I've recently graduated from a European business school with a Bachelor in Business Administration, and now doing my first off-cycle internship in private banking at a BB. Next year I will doing a Master in Finance, aiming for LBS, LSE, Oxford, HEC and other targets.

I had a GPA of 3.5/4, the private banking off-cycle internship is my only experience in finance. By the time I will apply to the Masters I can already get a second internship on my CV, though most likely limited to PE audit at a Big Four. However, I cracked my current internship so well they really want me to return, but only as an intern and extending my stay, no raise (guess due to the fact that I will be going away to study anyways, and staying long-term was never on the table). 

In your opinion, what will make my candidacy more attractive for target unis: the fact that I received a return offer / extension of my first internship at a BB, or would it be better to get another experience in a different role and industry within finance?

Thanks for your opinions!

 

Hey there,

It's great to hear that you're doing so well in your current internship that they want you to return! That's a testament to your hard work and skills.

When it comes to making your candidacy more attractive for target universities, both options have their merits. On one hand, a return offer from a BB is a strong signal of your abilities and performance. It shows that you've made a positive impression and that they value your contributions.

On the other hand, gaining experience in a different role and industry within finance could help you develop a broader skill set and understanding of the field. It could also demonstrate your adaptability and eagerness to learn.

Ultimately, the decision may come down to your long-term career goals. If you're passionate about private banking and see yourself in this field in the future, it might be beneficial to continue with your current internship. If you're still exploring your options and want to gain a wider range of experiences, trying a new role could be the way to go.

Remember, there's no one-size-fits-all answer here. It's about what feels right for you and aligns with your career aspirations. Good luck with your decision!

Sources: How can I become successful from a no-name school?, Stand Out as a Non-Target: Recruiting (Part 1 of 4), Differentiating yourself for hedge fund recruiting (post-IB), Target vs. Non-Target

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