Should I move to SF for a better summer internship?
So I have a situation here and was hoping to get some advice:
I got a summer internship offer from a boutique today at its san fran office (they have offices in major cities), it's a nice solid boutique with industry reputation (not EB), I emailed this guy back in Feb and he just got back to me asking me if I want to join them since one of their interns quit last minute. The problem is I am based in nyc and the internship is obviously in san francisco and I already have an internship with a smaller boutique in nyc now ( although with possibly worse deal experience) and am currently doing it. The thing is I don't know if I should go or not.
Possible outcomes:
If I stay in nyc and network pretty hard this summer, three possible outcomes when it comes to full time jobs: 1. big four transaction or valuation groups 2. Boutiques in nyc 3 EB (highly unlikely tho since I am not from a target school and the competition is fierce).
If I go to san francisco and do the internship, I might get: 1. a return offer from this boutique tho no guarantee 2. boutiques in san fran or nyc (since I will be returning to nyc anyways once I finish my internship there this summer as I am graduating next may, so I might still have some chance with nyc boutiques) 2. EB or BB in san francisco (I heard it's relatively easier to get in in the west coast since less competition) if I network hard there this summer.
The questions I want to ask is that:
1. Is it really relatively easier to get in to EB (or BB, but mostly EB here) in the west coast compared to nyc or not really? If it is, how much easier?
- Does a potential return offer in this boutique in san fran (no guarantee) really worth it for me to give up my current internship and potentially burn bridges?
Although my current internship is non-paid and the new one is gonna be paid, I don't really care about the monetary factors here involved so it's not something that will affect my decision. A little bit background about me: I am a masters student from a semi-target school, relatively high gpa, have big four assurance and equity research internship experiences and am currently doing an IB internship in nyc. NYC based.
Thanks! Would really appreciate for any inputs.
I'm going to go ahead and say no: You're also facing tough competition against Stanford and Berkeley. You also will have a tougher time finding alums to network with on the West coast.
WSO will likely disagree w/ me, but I'd go ahead and dump your current offer to move to SF. In my mind, there's no hard feeling if your current boutique isn't paying you. If you're from a school w/ absolutely no presence in NY IB, I would go to SF (if you have enough saved up to cover costs), and work my ass off for a return offer. That's also if there is a major brand difference between both boutiques (say no-name boutique -> Lower MM = Piper/William Blair/Stifel),
Would help if you gave us an idea about what kind/tier of boutique gave you the offer. Congrats
Ok thanks! Now I have a better idea, appreciate it!
I'd rather not to reveal any names here but the new offer think of Marlin Associates and such, it's around that rank. My current firm is a smaller boutique and it's getting most of its businesses from referrals at MS and BOA.
Other than that, I have no problem telling you more about my background, I am at Fordham so we do have some presence in nyc IB although of course can't compare to nyu or columbia those target schools but the presence it's getting stronger every year.
Any thoughts?
Thanks!
Also, I came from an non-target for undergraduate, majored in statistics and minored in finance, had a decent gpa, current gpa is around 3.8 at grad school. I know it's not that high and there's a lot of smart people in this industry but I did study pretty hard and am willing to network very hard as well this summer to break into the industry and get a full time job.
I know Fordham technically is not a target, but it's getting stronger presence every year in IB mostly in nyc, so I think of it as a semi-target.
Thanks.
HELP Pls!
Go to SF. Better shop and better pay for a better experience. Seems like a no brainer.
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