Ending My Toxic Internship
I recently began an internship at a local Registered Investment Advisor (RIA) firm to gain experience in the financial planning field before graduating this fall. Unfortunately, I haven’t gained any valuable skills—just learned how to clean up after others. The high turnover of advisors has created a chaotic environment, including one individual who was fired for fraud. To make matters worse, the owner has a narcissistic personality and has faced issues with the CFP Board. He’s openly stated that he would blame employees for any problems to protect himself from the SEC.
Adding to the challenges, I’m being asked to perform tasks that don’t align with my role as a wealth advisor intern, like filing taxes and assisting the compliance team with things I’m not familiar with. I receive little guidance and constantly face criticism for mistakes. After two months, I’m ready to move on. While I recently received a summer internship offer from a large firm where my family has connections, I haven’t shared this with anyone at my current office, knowing I’ll likely face backlash when I give my notice.
I’m planning a two-week trip after the semester ends, which they are aware of, but I haven’t disclosed my intention to leave yet. I’m unsure how to quit in a way that feels respectful without inviting negativity, but I also don’t want to simply walk away without explanation. I’m feeling lost and disappointed, as this experience is far from what I anticipated. Any advice on how to handle this situation would be greatly appreciated.
One response
It sounds like you’re in a really tough situation, and it’s completely understandable to feel frustrated and anxious about it. First and foremost, your well-being and professional growth should be your top priority. Here are some steps you might consider taking:
Reflect on Your Decision: Make sure that accepting the offer from the larger firm is the best fit for you, especially since it aligns more with your goals and offers a better learning experience.
Plan Your Exit: When you decide to quit, schedule a meeting with your supervisor, rather than sending an email or simply walking out. This shows professionalism and allows you to explain your decision more clearly.
Be Honest but Tactful: In your meeting, express your gratitude for the opportunity, but explain that you’ve decided to pursue a different path that aligns more closely with your career goals. You don’t have to go into too much detail about the negative experiences.
Two Weeks Notice: Offer the standard two weeks’ notice, but be prepared for the possibility that they may want you to leave immediately, especially considering the environment you’ve described. If that happens, remain calm and professional.
Document Everything: Before you leave, make sure to document your work and any tasks that are ongoing, so you can hand over your responsibilities smoothly. This will also help protect you in case of any backlash.
Reach Out to HR or Trustworthy Colleagues: If you feel comfortable, you can discuss your experience with HR or a trusted colleague. They might be able to provide support or at least understand your situation better.
Stay Professional: Regardless of how the team reacts, try to remain professional. You want to leave on a note that reflects positively on you for any future references.
Focus on the Future: Once you leave, concentrate on your new internship and the opportunities it offers. Surround yourself with positive influences and mentors who can guide you as you navigate your career.
Remember, it’s important to prioritize your mental health and career aspirations. Good luck with your new internship, and don’t hesitate to ask for help or advice as you move forward!