Current Internship Pushing For FT

Hey everyone, I recently started a part time unpaid internship at a tenant rep boutique. They mentioned a few times already they're hoping/expecting I convert fulltime after graduation this spring. The partners mentioned they spend time and money training us and are taking on this risk in hopes we'll stay with the firm/produce. 

I never made that verbal commitment with them and I keep saying I'm excited to learn this side of the business in this market. I am in preliminary talks with one of the top tier brokerages already for a summer internship after I graduate. I prefer not pigeonholing myself in tenant rep but also don't want to unintentionally burn any bridges if this top tier brokerage gives me an offer for a summer internship and doing what I really want: IS and landlord rep leasing. 


Any tips on navigating this?  

 

Have they made you a written offer? Given this is an unpaid internship, this "spend time and money" seems a dubious claim. They are brokers, and they are selling you! Nothing wrong with this, in fact, smart on their part (if you defer from applying for other offers, they win). How would I navigate... broker them back! Ask about signing bonuses, first year bonus guarantees, fee splits for deals worked during the internship, other perks, and of course salary! That will see how good/serious their advances are! 

 

Only have a written offer for the spring internship. I didn't think they were trying to sell me, but you may be right on this one. From my knowledge, all the agents there are Independent Contractors which I've done before but prefer not and rather make a small salary/draw like the big firms do to get started in order to pay my rent/living expenses. I will ask about the fee split though during the internship though. Thank you as always redever !

 
Most Helpful

Porro et iure dolor eum. Facere iure nam velit enim asperiores. Autem aliquid aut totam ut. Facilis dolor nobis accusamus aliquam.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”