So your kid wants to be an IB?

Mwfan1921
Thu, 22 Apr 2021 16:09:53 +0000

I could use some advice. D is a soph in college and is interviewing for IB internships summer after junior year…many of us know this is the timeline. She has an internship lined up this summer with an alternative asset management company, so she’s good there.

The issue with these IB companies is that they all have pretty staggered timelines for the internship process. She has had success getting interviews (she is a highly self motivated person) and has an offer from a second tier firm, which she is happy with of course. But, she is at the deadline of accepting that offer. She has had interviews with a bulge bracket firm that went well…but they won’t communicate offers for another month. She also has upcoming interviews with another bulge bracket bank.

She obviously is learning how things work in the real world! She is going to accept the offer she has in hand. I assume some students who have accepted internships do get better offers, and then retract the position they had accepted…but H and I counsel against doing that. What say posters here?

And regarding scheduled interviews that haven’t yet happened…is it ethical to keep those even if you wouldn’t take the internship? Benefit of continued networking? Thoughts?