IB after S&T Summer
I'm a junior at a target school with a 3.7+ with a highly technical degree (engineering/CS). As of now, I'm committed to S&T at a mid-BB (BAML, Barclays, Citi, CS). I am pretty sure I'll end up on a good desk given my skillset and be sought after as an intern despite reduced headcount in S&T.
I also really do enjoy the markets and am thrilled to have this offer many would love. However, I think I made a mistake in not realizing that I do not want to be in the markets my whole career, and that I would love to go into technology/startups/product after a few years. While I am sure S&T is amazing for those who can enjoy the markets for a while, I can not. As a result, exit opportunities, which is a weakness of S&T, is something I should have but did not optimize for while recruiting.
I am going to do my absolute best to get a return offer, although when the dust settles I do not think I'll be in S&T full-time. I think my best chance to pivot is through internal moves at my firm to IB, but I wanted to know how exactly I should make this transition. I figure preparing will be as standard as IB interviews.
Of course, I also plan on preparing for consulting, etc, but I figure IB is most relevant to this forum.
Thanks in advance.
Let me see if I got this straight. You enjoy markets, but don't necessarily want to be in it your whole career which is respectable. You go to a well regarded institution with a technical degree which would lend itself well to being in the tech sector and startups in the tech space. You think your solution to your problem is to try and do an internal transfer to ib where I'm sure you are well aware you won't be doing anything near as intellectually heavy lifting as s&t let alone studying in the stem field? The "skills" in ib do not transfer into tech or product management or anything of that sort. At least in s&t given your background you will probably be coding which allows you to go for software engineering jobs.
thanks for the criticism. yeah, what you have is correct, and I do agree that s&t offers much more intellectual stimulation. I just really, really wish the intellectual stimulation also came with a broader skillset.
I didn't make this clear, but IB is not my first choice for full-time. I intend to recruit for product management and consulting FT, not for IB. I only feel like internally transferring to IB at my bank might be quite frictionless since they may streamline the process substantially (I'm not sure if this will happen, but that's why I asked the question), and so it may be worth a shot to get a return offer in a division with better exit opps in industries outside the markets. I'd only take the IB offer if consulting and PM don't pan out. does that make sense?
that's a great point about software engineering, but I'm unsure if the pipeline is as possible as it sounds. do you know anyone who's made the transition?
thanks again, and would appreciate your advice.
grass is always greener. would give up my seat for yours
appreciate the perspective
Interesting you say that as I'm also in a similar position as OP as an S&T SA at a BB considering attempting to transfer internally to IB. What makes you rather be in S&T over your seat in IB given future concerns in S&T and exit ops? I see you frequently on the forum so I'm curious to hear your thoughts.
You can transition to IB internally if you make it known to HR early. A few interns at my BB did it when I summered in S&T. Startups are a more common exit opp than you might think coming from S&T though. I personally know a few alums who have made the transition in the past few years coming from S&T. Word of advice-S&T is not as technical as you're imagining it, and in reality nobody gives a fuck about your technical degree. I majored in CS and math and nobody cared even when I was on the more technical desks. The way to win a return on a good desk is to be likable and willing to learn.
Also I’m assuming you’re not at Citi because you’re trying to win a return offer. The return rate in S&T at my BB (similar to the one you’re probably at) was pretty low when I went through, so make sure you network as much as possible across a wide range of desks because it is not guaranteed the desks you rotate on will have headcount at the end (assuming you get a return to a specific desk).
How do you make something like this known without pissing people off? I imagine if a desk gives you an FT offer they expect you to be extremely grateful not trying to lateral out as soon as you can.
You have to let HR know you want to switch well before the end of the internship. By doing so, I imagine your chances of getting a return to S&T are gone, but you’re likely not going to burn any bridges.
Non est a voluptatem illo culpa. Praesentium quia et maxime hic sit consequatur. Quo qui harum doloremque. Aut qui sint et. Vel laborum voluptas sed consequatur odit nihil aut iste. Reiciendis et qui explicabo enim voluptas dolor ipsam.
Expedita corrupti nobis quasi consequatur. Aut et eum sapiente ipsum quos sed repudiandae aliquam. Voluptates eum ex omnis facere iure tenetur voluptas. Cumque ut quis vitae itaque ea omnis sit. Similique quod rerum quia aut repellat. Autem harum nihil voluptas mollitia. Autem omnis repellendus nihil asperiores impedit omnis.
Cumque rerum repudiandae aliquid ducimus. Accusantium unde magni reprehenderit quidem corporis ipsum non. Quas ut eos eligendi soluta ex. Culpa et dolor qui. Est illum cum corporis eaque.
Voluptatem eaque eaque est illum iusto. Id dolores quis ducimus. Architecto explicabo provident quia voluptatibus laboriosam et. Doloremque ea sed aut quasi recusandae incidunt reprehenderit. Soluta quo voluptatem sint beatae rerum sed. Ut repellat libero sed minima.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...