I’m not sure I would do that because the “chance of turning into an FT offer” is highly variable and based on market conditions. Normally it is better to do a summer internship offer and perform well, even if the bank allegedly gives fewer full-time offers to interns.

All you can really do is ask the off-cycle one for a later start date. You should prioritize the summer internship if it leads to a return offer because that matters far more than getting another similar internship from another bank right after the first one. I would not accept both offers and try to figure out a way to leave the first internship early because that may end up costing you a full-time return offer.

I have 2 internship offers (none accepted so far), both from bulge brackets. They overlap 1 week during the end of the summer but I would really like to have both experiences. One is summer analyst and one is off-cycle. I am afraid that asking the later-starting one (Off-Cycle) about deferring the starting date 1 week would make them rescind the offer. The summer analyst one is notorious for not moving their starting or ending dates.

Are there any good alternatives to consider here? Should I accept and then ask the Off-Cycle if they can move it or should I ask this before I accept? Is it better to accept both offers immediately and hope to figure out some clever way to leave the Summer internship one week in advance to instead start my second internship? I prioritize having both internship experiences more than getting a return offer from the summer internship.

Thanks!

I would just go through the process with the Big 5 bank and renege if you get an offer, as the jump from a middle market bank to a Big 5 one would be significant.

Yes, I would proceed in this case because REPE is significantly better than a public accounting summer internship. You can tell the REPE firm that you accepted an offer previously but are willing to renege for this.

Should I proceed with the internship interview as it lends the possibility of reneging the previous offer which is risky as you pointed out that this may endanger my FT recruiting chances, but this interview take place in a different industry? Also should I disclose that I have accepted an internship offer to the REPE firm early in the interview process or not?

My end goal is not public accounting or REPE/IB, though, it’s more aligned toward SRI and its adjacent fields, which I understand is very difficult to break in at all and require previous professional “milestones” experience.

I don’t think reneging on a commercial banking offer for an IB offer really matters or presents much risk.