Do an SA BB internship even if full-time offer - just to improve CV?
Trade off between 3 months of vacation or do a front office BB internship. Situation is that i would start in Sept at a Consulting Firm (MBB) and would just do the internship to have a BB name on my CV if I wanted to move back at some point. Prior experience at lower Tier B. in similar position. I could also take some really deserved holidays instead...
Thoughts?
The only possible reason why I'd think taking the BB internship would be helpful would be if you're looking to eventually transition to the buy side; that said, I don't think that's the case here or else you'd probably have secured a FT offer with the BB in the first place.
I would say do the internship as it is a good way to build your network and learn a new set of skills. Unless you plan to go to a foreign country and volunteer in your three months off...
Depends on how likely you think it will be that you want to move back. The internship could theoretically give you a 1 year "trial period" for consulting. You could do the internship, get a FT offer (and accept it, if you're ok with the possibility you might renege), go to consulting for a year, and if you like consulting stay there, or go back to the BB FT if you want to make the move back.
This is an overly simple scenario, and I'm assuming this won't run into problems with HR departments, background checks etc- so I don't actually know if this is feasible, but I'm assuming it is. Doing the internship gives you optionality, which would be nice, especially if you're not 100% sure about consulting.
However, if it were me and I really thought I wanted to stay in consulting, I'd take the time off and do something new/interesting.
A whole summer is a long time if you're not working/worried about finding a job etc. Could be tons of fun.
FYI I have gained a lot of IB experience already, I have done a total of 9 months off cycle internshisp at smaller B (think BNP, SocGen), therefore going to SA BB would just be to have the bigger name on my CV. I received FT offers at BB but declined for MBB/consulting - therefore I suppose that I have the necessary skills to gain at FT in IB; however I feel that the move would be eased from MBB back to IB if I did the BB internship (in terms of skills it would not add value...). So sign or take some holidays in south america?
cheerio
Answer doesn't change in my opinion....depends entirely on how likely you think it is you'll want to move back to the bank. Doing an internship would be the easy way back in/give you the option of coming back after a year. If you are pretty sure you'll want to stay in consulting (you did take the consulting offer, after all) then enjoy your well-deserved summer. Life is about more than just work and a resume.
And if I did not move back to the specific SA Bank but more generally back to IB - would people care about that internship? I would stay at least 2 years in Consulting...
I don't have enough experience to speak to that question confidently, but my best guess would be that while the extra BB experience would help, and would probably get you to a better bank if you wanted to move back, you could still move back to banking with the right mix of networking/luck etc with your current IB experience. I think the BB would give you more legitimacy if trying to move back to a prestigious bank, but not sure about whether the marginal benefit of that would be worth losing an entire summer right before you start working FT. A question that would surely come up and that you'd need a good answer to (in my opinion) is did you get a return offer, and if so, why go to consulting when you have all this IB (and BB IB) experience? Why do you want to move back?
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