Didn't convert internship to FT offer - apply to internships or grad?

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Reply 20

gr8wizard10

Original post by yl95

Which one would you choose?

if i didn't recieve an offer, i would've applied for grad roles at accountancy/consulting firms

Reply 21

Commercial Paper

Original post by yl95

Which one would you choose?

If you get a grad or an internship offer, then take the grad offer 100%, even if it is at a lower tier bank.

The risk is too great that you may not convert another internship and that could cause problems. Whereas if you take grad, you have a job and it's not that difficult to lateral over to a better bank with a bit of experience. There are always Analyst roles opening up.

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Reply 22

username638250

Original post by gr8wizard10

if i didn't recieve an offer, i would've applied for grad roles at accountancy/consulting firms

Yeah but hypothetically speaking, if you had to choose between the two haha.

Reply 23

gr8wizard10

Original post by yl95

Yeah but hypothetically speaking, if you had to choose between the two haha.

the sure thing, grad

Reply 24

Gman786

Original post by yl95

Which one would you choose?

Which course and uni did most people come from on your floor?

Reply 25

username638250

Original post by Gman786

Which course and uni did most people come from on your floor?

You mean S&T?
Quite a lot of European people who did some sort of Finance Masters. Quite a few Econ and a few Maths. Rest kind of evenly split.

Reply 26

Turing

Original post by yl95

Would you say, in the unlikely case that I get a grad offer from a MM and an internship from a BB, that it's worth accepting both (not sure if that's allowed)?

Original post by gr8wizard10

they would overlap from my understanding and I'm pretty sure in the contract you wouldn't be allowed to work elsewhere

Most Summer Internships are 10 weeks and finish late August. Most Grad Scheme's start in September right? I don't think they can stop you from working elsewhere before you join their company, so I think it would be okay.

Reply 27

gr8wizard10

Original post by Turing

no, grad schemes begin in august before the summer internship period ends

Reply 28

Turing

Original post by gr8wizard10

no, grad schemes begin in august before the summer internship period ends

Are you sure this is true for all/most banks?

Reply 29

Vl7d

Original post by yl95

I interned at a BB (one of the American ones) this summer and didn't convert for S&T and was wondering whether it is wiser to apply for grad or intern programmes. I did consider applying for grad consulting roles but I know it's really not for me so I don't want to waste my time. However, I do want a job after I graduate even if I don't convert the next summer...

A levels and grades? Uni and course?
Unlucky this time

Reply 30

DamnDaniel2

M

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Reply 31

Commercial Paper

Original post by Turing

Are you sure this is true for all/most banks?

It is the case for the majority of graduate schemes at banks. Some banks start later and some back office divisions also start later.

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Reply 32

Turing

Original post by Commercial Paper

It is the case for the majority of graduate schemes at banks. Some banks start later and some back office divisions also start later.

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So based on what you said earlier, would you definitely take BNP/RBC (for example) Grad Scheme over say JPM/Goldman Internship?

Reply 33

Commercial Paper

Original post by Turing

So based on what you said earlier, would you definitely take BNP/RBC (for example) Grad Scheme over say JPM/Goldman Internship?

Yes, 100%. Take the graduate scheme as you may not convert an internship, especially in the current climate. You can lateral over to a better bank once you start.

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Reply 34

Turing

Original post by Commercial Paper

Yes, 100%. Take the graduate scheme as you may not convert an internship, especially in the current climate. You can lateral over to a better bank once you start.

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Well then in that case, surely there is no point in final years applying for Summer Internships at GS/JPM, and should instead apply for Grad Schemes everywhere. If they're good enough to get an Internship at GS/JPM then they're probably good enough to get a Grad Scheme at a lower bank/somewhere.

Reply 35

Commercial Paper

Original post by Turing

Doesn't always work out like that I'm afraid... Grad schemes have significantly less places so no guarantee you'll be accepted.

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