Locked down internship, what to do?

Hey WSO, so I got an internship for summer 2020, but I am free this summer and have a place that might be interested in taking me on. Should I mention that I have an internship for 2020 since they are similar firms and the CEOs are actually both friends? Or should I not say anything about that? Not sure what the perception of things like this is.

My initial thought was that their worries about me being too young or under-qualified might be suppressed if they saw that I have something lined up for the next summer, but then I became unsure of how that might come off.

Let me know your thoughts. Thanks!

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Comments (13)

Jan 28, 2019

Would you taking the internship for this summer effect whether or not you get to keep the internship for 2020?

Also, as a general note, it would probably look better to the company that you will be interning with in 2020 if you took an internship with something similar. It shows that you are really interested in not only them but also their industry/field etc.

I say take it, its good experience and will ultimately help you, it would hurt you more if you don't do anything or don't take the opportunity because you are concerned that they might know each other. [its a small world so they probably do]

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Jan 28, 2019

Need more detail but on first impression... if you're confident in converting your 2020 internship to full time and WANT to convert it to full time (rather than use it as some exit opp to a better FT job), I would go enjoy my 2019 summer off. Take a vacation, catch up with old friends, hit the beach, engage in some debauchery. Trust me, when you graduate and start full time work, you'll rarely (if ever) have an opportunity to vacate for 2+ months. Enjoy it while you can.

Jan 28, 2019

I am currently a freshmen and don't go FT until 2022. The 2020 internship, though, is the one I am definitely most interested in.

Jan 28, 2019

2020 internship: will like your added experience, better chance to convert to full time
2019 internship: Will understand that you have not graduated and are hustling to get as much experience as possible.

I think you dont bring it up. either firm could make you a full time offer or neither firm could make you a full time offer, right now you need experience. I got a full time offer from my sophomore internship that exploded at graduation. I never got the offer from my junior internship that I was really set on.

It is a competitive world, you have the least options out of anyone at this stage in your life, you ow it to yourself to create options, dont let anyone pressure you to think otherwise.

    • 2
Jan 28, 2019

I should mention that I am currently a freshmen and won't be going full time until 2022. Thanks for the input!

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Most Helpful
Jan 28, 2019

To your point about mentioning it to let them know you are in demand, that could go either way, if you have an interview and you want to project this, you could say something like, "I am really set on this field and I am working to get as much experience as possible, I have an internship lined up for summer 2020 with firm XYZ, and I am interested to get more experience this summer also" ... but that just points out the fact that you would be a complicated candidate. If I were looking for full time candidates (the point of 80% of internships from a firm perspective), and I had the option to get someone for their junior internship, that would be my preference, in order to have the best chance of converting to FT. If the firm really likes you and wants to bring you on for two summers back to back and then make you a FT offer, you letting them know your plan complicates their perceived strategy. You need to look out for number 1, if they figure it out between now and then, the fact is, you already had this internship and you wanted more experience/you really liked what you read about both firms and were really looking forward to experience each of them, thats it. It is not your fault firms are recruiting from the womb.

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Jan 28, 2019

'thanks a lot for this! I think it would help to mention that I am a freshman currently and graduate in 2022. Though the 2020 internship is definitely the one I would be most quick to accept a FT offer.

Jan 28, 2019

You are killing it, keep it up. Keep your mind/options open during your internships, build your connections/relationships, I imagine you will be surprised where you end up after graduation/4 years post graduation. Your interests could change during these internships, that is the great thing about internships. I am at an awesome place, but had no idea about it during school/even while I lived in the same City as the firm.

    • 1
Jan 28, 2019

Where did you land for 2020 already?

Jan 30, 2019

Fund with ~33B AUM. Don't want to say for anonymity

Jan 30, 2019

How did you go about doing that? Target, networking, something else? Thanks just another student here lol.

Jan 30, 2019

Non-target, no family in any professional industry, obsessive networking. I was really lucky meeting some incredible leaders in the industry that embrace young people and want to open doors. My advice would be to start showing up to places where you would find such people (conferences, dinners, etc.) You'd be surprised how, even with a 10 digit net worth, these people usually understand that they had help early on and are always looking for an opportunity to pay it back.

    • 3
Jan 30, 2019