Renege Research offer for S&T at a BB?

Hi all,

I have completed a summer internship in Research at DB in Sydney, Australia. I recieved a FT grad offer to start next year, and have already signed the contract.

However, I really want to be in S&T. Would it be stupid of me to apply for graduate positions at other BB's in Sydney for S&T and then renege on the DB offer if I am successful? Would it be more prudent to suck it up, work at DB in Research and try and move across as soon as possible?

Thanks for your advice all!

 

It's your call. I would be very careful with reneging. If you are going to do it, make sure your own bank doesn't find out you are interviewing somewhere else, otherwise you may end up with no offers at all.

The Macro View http://themacroview.wordpress.com
 

Qui vel similique minima maiores accusamus. Qui qui rerum id ut deleniti molestiae. Et officiis tempora non dolorem rerum eveniet. Aperiam aperiam error debitis quam est.

Accusamus architecto ipsam pariatur qui fuga porro ex. Non eligendi officia quibusdam nam est deleniti ex. Quos consequatur harum similique omnis qui unde.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (92) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”