I was doing a post-grad internship at a boutique valuation firm, and I received and accepted an offer at a PE FoF. I informed my work I accepted another offer and would be leaving, and as I was leaving the office the last day, I received word my offer at the FoF was rescinded.
After accepting the offer, I completed an online employment app late at night, and for my current title and wage, I put "analyst" and put my base salary of 55K. Only problem was I would not earn that salary until I converted from intern to analyst ( i was making an hourly wage).
The pay at the FoF was significantly less than what I would earn if i stayed on at the valuation shop. I was constantly debating in my head if the drop in pay was worth it, and I think this is why I made the mistake of putting it as my current salary.
Fast forward, I fail the background check, and inform them of the mistake. I had told them in my interviews that I was an intern, so I had no motive to lie. Nonetheless, my offer remained rescinded.
Now I am unemployed, and it says on my resume I ended my last role in April.
What should I say when I am asked about the employment gap?
1. Tell the truth
2. Say it was a temp role to help the firm during a busy period
3. Say my internship was ending and I had scheduled a few , and I wouldnt have been able to miss work to attend all of them if I stayed. I also want to make reference to how this internship was just a stepping stone to sharpen my technical skill set, and that I planned on lateraling to IB from the beginning.
Thanks guys, any advice would be great!!