Reneging for a return offer
So it’s around the time of year when sophomores apply and interview for finance and investment banking internships across the financial industries.
I, in particular, have interviewed and received offers for 2022, without even starting my 2021 internship. Now I’m forced to make a secondary decision on a career path that I have yet to even commence. It’s messed up and I think counterproductive to my long term success.
For further context, I’ll be interning at a BB this summer, and received offers on buyside/EB for next summer. The problem is I don’t even know if I’d like to return to my bank yet, let alone pursue more banking or buyside opportunities. Yet, I have to make a decision shortly because of the nature of my offers.
So what do I do? Do I sign now and make a decision to renege in the case I enjoy my firm this summer? Is all fair in love and war?
As a side note, I realize there are worse problems to have, so please do not interpret this as whining - simply requesting additional perspective.
Bump
Breathe, you have a champagne problem.
People understand how nuts the recruiting game is at this point. The fact that you can recruit for a position 16 months away is still mindboggling to me. I know I'm not the only one.
Pick whichever internship for next summer you think is most interesting, offers the greatest learning opportunity, is with the best people. Do your internship this summer, communicating to people that you interviewed for and accepted an offer for next summer before even beginning this year's internship.
If you're a strong performer, you are likely to either be extended a full-time offer after this summer or be placed on a shortlist in the recruiting team's system such that they'll stay on top of you through that next summer and bring you in for an accelerated superday in the penultimate week of that year's internship schedule.
In the latter scenario, they're (a) making sure you're still as good as they remember you and that you check the box on being interested and committed, and (b) comparing you against that year's intern class before they finalize return offers to them.
What you'll likely wind up with is a return offer from your junior internship plus either an outstanding offer or an accelerated superday as described above from your sophomore position.
Good luck.
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