Internship Dilemma - Super 2007 offer
I really want to get an analyst position after I finish May 2008. My backup plan is to become a Big 4 accountant. Either way I plan on going to graduate school eventually (I am not sure if I want to do Ibanking in my 30s).
Well I recently recieved a supper 2007 internship offer from my favorite accounting firm. As you all know the banks don't recruit for summer internships until the spring semester.
Basically my question is which scenario is how unlikely is it to get an investment banking full time offer (at the top 12 or so firms) with a Big 4 internship? Any advice would be greatly appreciated.
Sorry I forgot to mention that I go to a target school, but the target isn't an ivy league or top tier public (Michigan, Virginia, Cal, etc). It is a pretty good public with a great undergraduate b school.
If you're at a target school and you do big 4 accounting junior year, you definitely have a chance at full-time IB.
I go to one of those target schools you mentioned, and it's not quite likely from what I have seen so far in my senior year. If your goal is to get an analyst position, do everything possible to get a summer internship. Your life would be a lot easier in your last year.
You have a favorite accounting firm? Is it at Douchebag & Co.?
LMAO
~80-85% of full-time analyst hires come directly from their summer program. Another 5-10% lateral from a competing BB summer program. That leaves very little margin and a huge uphill battle. It is possible (I did it, although interned with HF not an accounting position) but they are moving closer and closer towards 100% summer hires. A lot of BBs didn't even recruit for full-time analyst positions this year.
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