Sales & Trading Summer Dilemma

Long time lurker, first time poster.

My dilemma is as follows:

Had one spring week offer at bottom of top tier/ top middle market IB in London. (Think RBS, BNP Paribas, HSBC, etc). Got fast-tracked for summer internship and now have S&T offer which expires in a fortnight. I really like the bank and am very pleased to have received an offer. However, I now have substantially more experience and confidence and fancy my chances at landing an internship at a really top tier bank.

Do I...

1) Accept the offer and be happy.

2) Accept the offer, apply elsewhere and renege on the original offer if another opportunity arises.

3) Decline the offer and apply elsewhere?

I'm pretty sure that (3) is not the correct answer. But what is?

 

3 is definitely wrong.

I would do 2 although I would be more selective. Only interview with banks/groups that are on the top of your list or that you really want to do.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

1st, by a mile. If you excel at your position, you can always move upwards. Successful people get noticed.

Better to like where you work, than suffer at a more 'prestigious' position and hate the people you work with.

CNBC sucks "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
 

Eos odio magnam alias nisi. Voluptas tempore at aut nam ut. Adipisci id amet et natus eaque. In veritatis facilis nostrum sed nihil provident totam velit. Eius autem dolorum est tempora. In est fugit debitis tenetur quo.

Qui deserunt adipisci sed nemo. Voluptatem dolorum ut animi et. Consequatur aliquam laudantium omnis vel.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”