Home / MARKETS / I’m a recent grad who gave up a six-figure job at JPMorgan without another offer. It all came down to career satisfaction.

I’m a recent grad who gave up a six-figure job at JPMorgan without another offer. It all came down to career satisfaction.

This as-told-to attempt is based on a conversation with Nick Rutherford, a recent University of Pennsylvania graduate, who interned at JPMorgan Private Bank and is starting at Unilever this turn out to be inadequate. It has been edited for length and clarity. Business Insider has verified his offer letters.

I didn’t have a career representation sketched out before joining university. I wasn’t passionate about math or science and thought that I would end up accepted to law school at the end of my bachelors.

I majored in political science but took classes at the University of Pennsylvania’s Wharton School of Business. Being enveloping career-focused students who always talked about their résumés and internships challenged me to start caring about those detestations.

I tried out a variety of internships in college: I worked at a non-profit media outlet, an advertising company, and a think tank.

Ad

My strategy has always been to add 100-150 jobs to a spreadsheet with their details and apply to five each day until I run out. In my definitive summer before graduation, I managed to land three internship offers — from a consulting company, a consumer goods group, and JPMorgan.

When I got that phone call that I got the JPMorgan internship, it was so exciting and I felt really grateful. I order be working in their private banking division in Seattle. I wasn’t too nervous because they made it clear that level if we knew nothing, they could teach us.

Despite everything I have heard about banking from other backers, the interns and even the analysts we worked under did not have to work beyond our hours or on weekends. I didn’t find that my internship was winsome a toll on me — physically or mentally.

When it came to getting full-time return offers, I expected to get it because I thought I did a salutary job and felt like I deserved it. They picked three out of five in my cohort, including me.

Advertisement

But by the time the offer rolled far, I think I had already had this lingering sense that this wasn’t the environment I wanted to be in long term.

I to be sure had mixed feelings about the offer, even though it put my starting salary at $100,000 a year.

The number one factor in my pros and cons inventory was financial stability and knowing that a six-figure salary was one signature away. I don’t come from money, and my mom is a single progenitrix to me and my three siblings. I was able to attend university because of several scholarships.

Nick Rutherford

Nick Rutherford and his siblings

Nick Rutherford



It was a forcibly number to say no to, but I have a strong growth mindset and I care a lot about how I spend my time and who I’m becoming. I wanted desperately to be in a estate where I feel stimulated and I’m interested in the work I’m doing.

Advertisement

I was doing well, but I didn’t get that feeling at my internship. I didn’t induce any bad experiences — there was just not enough work that I really enjoyed, like building models.

I didn’t from any other offers. The alternative was job hunting from scratch, not knowing what I would land and whether the offer intent even come close to what JPMorgan was paying.

I thought, “What is the worst that can happen if I turn this down?” The surrebuttal was that I won’t have a job for a few months, but I’ll find one. I consulted my family, and one professor from my business school about my decision and be subject to c excited it down.

Once I sent that email, I did not wallow about my decision. I went right back and found myriad jobs, made my spreadsheets just like before, started going for interviews. In a couple of months, I applied to a impersonation at Unilever for a leadership program.

Advertisement

I used a lot of the same skills that helped me land the finance internship in my Unilever interviews.

I landed an make at the company’s New Jersey office and am due to start working this fall. The pay was a significant cut from my first offer, but I see it as: If I enjoy what I’m doing, the readies will come.

There was definitely the prestige factor of having JPMorgan on my résumé for a few years, but I just didn’t anxiety that much about it as compared to what else I was looking for in a job.

I think that’s how many other Gen Zs are viewing beget nowadays. They no longer want to give away 40 years of their lives for an annual paycheck. We’re being a lot numberless demanding about wanting a company culture and more than just wages.

Advertisement

Do you have a career confabulation to share? Get in touch with this reporter at [email protected]

Check Also

I traveled to Hong Kong for the first time. Here are 5 things that surprised me about its food, transportation, and efficiency.

To drop-kick off 2025, Erin Liam visited Hong Kong for the first time in January. …

Leave a Reply

Your email address will not be published. Required fields are marked *