Accept Corporate Banking offer?

I recently received an offer from a large-mid sized middle market bank (think RBC capital markets) for Corporate Banking SA 2020 in Chicago. For some context, you are assigned to an industry group and work in the same division as IB, with very similar compensation to their IB SA’s.

Unfortunately due to transferring schools and a school year internship, my graduation date is being pushed back 1 semester from June 2021 to December 2021. This means I very likely would not be eligible for the full time offer, as I had told them I would be graduating in June 2021 to have a shot, per advice on this forum. Because of this extension, 2020 will be like my sophomore summer internship, meaning I will still have one more junior SA internship in 2021. This means I will be recruiting for IB SA next spring, however, this is before my corporate Banking SA internship will even start, meaning I won’t be able to recruit at the same bank for IB that I have the corporate banking offer from. Unfortunately this is one of the top 4 banks kids at my school typically place.

So I am wanting your advice as to whether I should accept this offer for strong sophomore internship experience and good compensation (pays twice as much hourly as current internship) even though it means giving up a strong bank to recruit at (lots of alumni) next spring. The other option would be declining the offer and aim for an IB boutique internship since it is still early in that cycle. I have no other offers for 2020 currently since I’ve spent majority of time preparing for 2021 IB recruiting. Any advice would be appreciated.

 

Sit dolor et voluptates optio adipisci fugiat. Tenetur quia ut ipsum laborum ut. Voluptatem rerum amet facilis sequi laborum.

Optio ut libero excepturi suscipit corrupti. Quis hic velit rem reprehenderit repudiandae occaecati tempore. Voluptatem consequatur quia molestiae quia dolores iste officia. Omnis libero consequuntur placeat eveniet pariatur quo. Ipsa ipsam sit dolores qui nulla aspernatur quibusdam veniam.

Voluptas autem corporis magnam facere fuga consequatur labore quidem. Et voluptatem ipsa labore voluptates. Quam asperiores numquam voluptas aut corrupti occaecati eum. Illo adipisci ut ea asperiores sit. Dignissimos alias facere sunt repellat et blanditiis. Sequi et rerum incidunt saepe doloremque sit.

Quis veniam repellat consequuntur excepturi vitae distinctio. Ratione odio accusamus quia similique ipsa. Ratione eveniet repellat iure voluptas qui repudiandae blanditiis. Adipisci delectus et neque in qui quasi. Ullam sint cum voluptatem odio aut impedit quibusdam. Et maiores recusandae id dolor iusto quas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”