IBM Financial Analyst Co-op

xiayu777's picture
Rank: Chimp | 15

Hello, I'm a senior who goes to a non-target school, and I had one semester left before graduation. I somehow was able to land a IBM Financial Analyst Co-op offer and took it. I accepted the offer, and yesterday i received the offer letter stating my start and end date. Which is from 1/7/13 to 6/31/13. So my question is, is it possible to end the co-op a-little earlier, like a month early. I would really like to do a internship at a BB ( Credit Suisse- back off, operations) over the summer as well. I heard that orientation for CS will be on 5/31/13. This means i'll push back my graduation to 12/13. I heard it's kind of bad to quit earlier than the given end date, is it true? and do you think it's worth the risk? To be fairly honest, i was a pretty bad student, made a lot of mistakes and right now, i'm just trying to puzzle all the pieces together. A lot of you might comment about depends on what i want to do, but to be honest, I'm just trying to gain as much experience as possible right now. And i'm not sure to go into corporate finance or banking. I know i screwed up, but i do hope to get some constructive criticism.

thanks

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Comments (14)

Dec 30, 2012

WHAT ARE YOU INTERESTED IN?

Dec 30, 2012

+ change your username

Dec 30, 2012

LOL ^

Dec 31, 2012

I actually login with my facebook, but it's alright, i don't mind. But to answer you question, at this point, I don't really know what i want. I researched all the industries already, and i still don't know. I will have a sense of Corporate Finance after IBM, and that's why i want to do a intern at BB to see what it's like. And i'm curious of the exit options if i keep sticking with F500 companies.
Thanks

Dec 31, 2012

If I were you (I'm also a student,) I wouldn't jeopardize the IBM gig. It has the potential to turn into a FLDP offer. But, you can prob leverage that experience to get an internship at a boutique for actual IB work for the rest of the summer and going into your semester. I think that will give you better experience to talk about.

But, I could be wrong, so...

Dec 31, 2012

IBM pays pretty good. I had a friend out of undergrad who now works for IBM, he is an analyst and makes 65k-70k, and he only works 40 hours a week. I am sure he is entitled to a bonus as well. Although I hear IBM is becoming really stingy with benefits now. They are now changing their 401k match to a one time thing, which is the biggest BS I have ever heard. I know some pretty crappy companies that match every pay cycle.

http://www.forbes.com/sites/helaineolen/2012/12/10...

Dec 31, 2012

65-70 out of undergrad? that's fuckin amazing.

Dec 31, 2012

Scratch that, its $65k with bonus. He is an analyst in information systems, not finance, so I think it makes sense for him to make more.

Dec 31, 2012
TeddyTheBear:

Scratch that, its $65k with bonus. He is an analyst in information systems, not finance, so I think it makes sense for him to make more.

You had me worried about being underpaid for a second there.

@HenryLiang: From the sound of your post, I can't actually tell if you've gotten an offer for the CS internship yet or not. Is it a done deal or is it something you're still hoping for right now?

Also, like Febreeze said, change your name.

Dec 31, 2012

Thanks for the replies so far guys, I will definitely keep them in mind. You're right about FLDP offer. However, i'm pretty sure that IBM does not offer any FT jobs or program to their co-op employees. They always have 2 co-ops every year, it's like a tradition to them or something. As with pay, for co-op it's by credit hours, i'm getting like 19.75/hr , so it's not too bad. And yes, the undergraduate pay looks damn amazing. I'm just worry that if i don't have a BB summer intern on my resume, it will be hard for me to get into banking later. Would a bontique investment bank hire intern for only 1 month? As i stated before, if i choose to stay at IBM the whole time, i will only have one month for the intern- from 6/31 to 8/13 which is the first day of school. Sorry, if i ask too much questions, but going through each individual post is not helping too much, there should be like a list of important topics or beginners guide in the forum.

Thanks

edit: I have not gotten a intern for the IB or BB, but i feel like i will have a chance to get one over the summer, if i choose to leave IBM early. I am applying already, i've met with 3 recruiters in cs, and have given a pretty good impression, and networked with couple of people who interned there before.

Dec 31, 2012
HenryLiang:

edit: I have not gotten a intern for the IB or BB, but i feel like i will have a chance to get one over the summer, if i choose to leave IBM early. I will applying already, i've met with 3 recruiters in cs, and have given a pretty good impression, and networked with couple of people who interned there before.

IBM is confirmed for you whereas IB is not so I wouldn't risk anything until the other offer is in the bag. You can still apply to CS in the meantime, though. I don't know what the protocol for your credit hours is either. Do you still receive them if you don't complete the coop?

Dec 31, 2012

Thanks! I will definitely keep that in mind. And I think you might have misunderstood, the pay is by the number of credit hours i already have in the university. I don't get any credit hours for the co-op. But like you suggested, i definitely won't say anything until i have another offer on hand. I really want to make up for the amount of times i lost back in freshman and sophomore year. thanks!

edit: I can't change the user name by myself, just sent a message to the admin.

Dec 31, 2012

Just network during the co-op for a boutique internship, then bail after a month - tell them you're taking up a research project or some shit, and won't have time. Obviously, don't tell them this before you intend to quit...

Sep 18, 2013
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