Since market conditions aren't ideal, if you were a summer analyst at a BB and haven't accepted the offer yet, could they take back their offer if they need to cut labor? Or would they fire the current employees first?
Trending Content - Investment Banking Forum
| +134 | Restructuring: Anti-climactic Experience | 36 | 4h |
| +109 | IB Net Worth / Savings Check | 51 | 4h |
| +99 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 25 | 1h |
| +81 | Stop sleeping on UBS - it’s pretty good | 29 | 8m |
| +54 | 2026 VAULT PRESTIGE RANKINGS | 30 | 1h |
| +39 | AI + Financial Modelling | 12 | 1d |
| +31 | Hardest interview experiences? | 16 | 1d |
| +28 | Summer before college | 17 | 19h |
| +26 | Current State of UBS in North America | 8 | 2d |
| +23 | Cold apply for FT recruiting? | 5 | 3d |
Career Resources
Of course they could, they did it in 2001
Read your contract-I would bet it has a clause about employment agreement. If they let you go, some firms let you keep the sign on bonus as severance.
Hey, this is an interesting point. Some contracts I have seen mention that you are an 'at will' employee and that the bank can cancel it for no reason whatsoever. It also says that you can also cancel on the firm for no reason. Does that mean if the economy tanks, they fire you or if you find a better offer after signing that people cancel on their firm?
Yes, it works both ways.
Also, they would take away offers before they fire current employees.
Do many people actually accept their offers and then use the clause to pull out of it if they get a better offer? I'm assuming that whatever bank you pull out of will be pretty angry...
Quaerat quia ex cumque iste. Reiciendis laborum id vel perspiciatis repudiandae voluptas. Voluptatem dolores quam vitae fugiat rerum. Laborum provident voluptas maxime eum. Vitae recusandae et sit ut dolorem et sunt. Eos perspiciatis similique dolores voluptas. Repudiandae vitae quasi rerum et veritatis nostrum.
Tempora suscipit soluta modi qui. Fugiat est architecto voluptatem et fugit natus. Explicabo magnam et ut sequi hic.
Quia voluptatibus nobis eaque. Eum provident enim modi sit minus. Aut et at ratione veritatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...