Landed a summer intern but not fully set on IB
First post on here monkeys so excuse the formating.
I am a sophmore at Fordham University in finance with about a 3.9 gpa
I’ve networked a good amount through my schools alums and have managed to land a summer internship at a BB and a few lower end boutiques
My main problem is I’m not completely set on IB regarding the obvious pressure and stress as a analyst. Not to sound like a pussy but the 70-100 hour weeks are a slight turnoff.
If I don’t accept would I essentially be throwing away a blessing and has anyone else faced the same dilemma with interest in IB but not complete commitment?
Yes don’t be an idiot
do the internship and try to get a full time offer
the pain of a BB early on is well worth it
imagine you turn it down and end up taking some corp fin job in nyc for 85k and you’re still working 12 hours a day because … nyc
Do the internship and hopefully land the return offer. If you hate it just say no thanks and you’ll have valuable experience on your CV and be a chunk of cash richer.
In terms of your last question, tons of people have the dilemma of IB. I think everyone who does IB has the dilemma of if it’s worth it.
I did an IB internship at a bb and then went to MBB full time.
My advice is for you to do the internship, and if you don’t like it, you have the whole senior year to apply to consulting or other jobs.
Do the internship no matter what.
If you end up hating it, you have an insane internship that will open the doors to so many other things on your CV. If you end up loving it, you’ll most likely receive a return offer and be sorted for your final year only focussing on grades/having fun.
My friend did an internship in IB at the top BB firms and he ended up realising he wanted to go into consulting 2 weeks in. This lifted off the stress so much he didn’t “try as hard” and was never on the “have to do this to get a return offer” stress that others were on. Ended up with multiple offers in Consulting for graduate schemes after university.
Do not turn it down!
Just a quick question I have accepted the internship at said BB but when you talk about the prestige it may bring to my CV would that realistically apply to majority of finance analyst position in M&A and jobs like Project finance and Corporate finance and obviously like you said consulting
Haha no, not true
You are at fordham which frankly is just OK and are a finance guy e.g. no differentiated skill set from anyone else on the planet
you would be absolutely insane to turn down a BB unless you are about to tell me you’re doing a PHD in cloud compute or something
no skills, then you gotta hustle at a BB/MBB to stand out
For sure! Front Office is highly desirable by pretty much all roles within finance, consulting, etc. Well done for getting in and very happy you accepted it.
Also Fordham is great! I’m all the way in the UK and know about Fordham; however, I know the US puts target unis at a much higher priority than in the U.K. where ppl from non-targets can get in without networking!
I’m not sure if it matters but I think when applying to other positions they may ask whether you received a return offer or not and it might look bad on you if you haven’t. So I’d still try and get a return offer.
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