Here are some questions from our readers:
3. I interned at a bulge bracket after my sophomore summer and have a return offer this summer. I'd like to try another bank next summer, but I'm concerned that I would burn the bridge with the bank I worked at last summer. Do you think this is an issue? I don't want to go to another firm and then risk having no FT offers.
We were also in this situation before. We can say that at one BB, after turning down the junior summer offer to return, you can keep in touch and reiterate your interest in full-time opportunities. If you stay in contact with them, you have a high chance of going through accelerated full-time recruiting. Banks always interview more applicants at the end of the summer.
It's highly unlikely that you would receive zero full time offers if you've landed summer positions at two bulge brackets. Especially since the market is looking to be no worse than what it's been the past year, if you were able to land selective summer positions two years in a row, you have great credentials for full time recruiting. As an aside, we know former summer analysts who didn't receive a FT offer from GS/MS and still landed positions at other bulge brackets/boutiques.
So if you are set on wanting to work at another bulge bracket for the summer (which is always a good thing for undergrads -- beyond the technical knowledge you get to expand your network), there is some risk but tremendous upside from having an added experience under your belt. In the worst case scenario you will have to go through FT recruiting, but it's worth it if you want to find a firm that is a better fit for you (assuming you are not challenged / not satisfied with your current offer).