I have a few offers, and it's a great position to be in. That being said, I now need to tell many banks that I will not be signing and that I've selected a different summer analyst program. It's been surprisingly difficult for me and I wanted any advice.
For some, I had indicated strong interest (and was fairly genuine about it), and others have congratulated me and pushed me to sign. Others have been aggressive, trying to get my verbal acceptance right away when they called. Some have political ties to me (helped me get the job but I'm not taking it). How do I navigate this? Do I tell the places where I will be going, or just leave it vague?
I plan on just sending some thoughtful emails, but maybe I should call as well (at least for the MDs who went out of their way to congratulate me)? Especially for the higher ups (MDs) that have reached out and put pressure on me to sign, I want to not burn any bridges since the street is small.
If you're really close with a personthat helped push you through, it's probably best to give them a call. I recently had to do this, and while it wasn't fun, the guy definitely understood. I'd imagine most people go through some form of this, so they'll probably understand.
If you're sending an email, just be polite and be sure to thank them for the opportunity. I usually don't tell them where I accepted unless they ask in a follow up email.
I would definitely call the places where you have connections/people going to bat for you. Places where you just did resume drop and don't have any kind of connection with, a polite email will suffice to whoever is coordinating the recruiting process.
Oh and to OP, congrats on the offer! Nice to have options.
Congratulations on the multitude of offers. No offense, but while you are definitely a competitive candidate, you are just a number. No bank will get pissed because you decline their offer. Just send HR a simple "Thank you for the opportunity, but I have decided to accept another employment offer" type email. If someone pushed your resume, send them a personal email. Do not call out of the blue. That is just annoying. Good luck. You definitely earned it.
I don't know why this got ms. I find this to be pretty accurate. You should only be calling people if they sacrificed an arm/leg for you and you have a pretty tight connection. Otherwise it's just a little annoying.
I made a trollish post in another thread, which must have pissed someone off enough to find other posts of mine to throw MS at rolls eyes
Well done on nailing these offers. First thing you should do is accept your preferred offer.
I think it's always a good idea to call. You have been through a few rounds of interviews, and an email brings an abrupt end to that process. You will be able to control and convey the tone better on the phone. If they ask where you are accepting an offer, no harm in being open about it since you did not accept this firm's offer in the first place (Would not recommend this if you are reneging.)
Recently, I had to turn down a final round interview at a firm where I had several connections, and people typically understand; you want to make best decision for your career.
First, congratulations on lining up a number of offers.
Second, I believe the advice on calling those who put forth effort to get you the offers is wise. When speaking with some and emailing others, just be honest. They'll respect that.
Third, make sure no red tape or other snags prevent your desired offer from becoming set in stone. If the offer windows permit, wait until your offer is completely finalized before declining others.
Again, congrats and good luck.
They'll likely have backup candidates that they are slow rolling while they wait on your decision. I have no hard feelings towards people who want to go elsewhere, but I'd rather get a quick no so I can extend an offer to the next person in line instead of waiting around for a week and losing that person to another bank as well.
As others said, if you have a close personal connection, call them first, thank them for all their help but explain that you feel you were a better fit with XYZ bank and group and have decided to accept that offer. Then just email the recruiting coordinator, thank them for all their help and consideration, and politely explain that you've decided to go to XYZ bank instead.
Congrats on the multiple offers, it's a good position to be in. Be professional/polite and they'll be fine with it.
Accept and sign your top offer then delicately decline your other offers. Do not burn any bridges. You never know you may need a job for FT or make work with those guys one day.
Like others have said, if you had someone close pushing for you - you must call them to politely thank them for the opportunity, but decided to go with another firm because of reason (must be delicate of the reason too, can't be too truthful).
If its something you don't have close ties with, just call them and say thanks for opportunity but you felt you fitted in with other's culture better.
Just man up, be honest, and tell them you're accepting another offer. This is finance, they'll understand.
How to Decline Internship Offer` (Originally Posted: 11/06/2009)
WSO, need some advice. I looked this up on the search function but didn't find anything particular on point.
So, I interviewed for an internship position at a boutique firm and although I would find the work to be interesting, I just found myself disliking my interviewer and others I met with. It is an environment I cannot see myself working happily in. I pretty much walked out of the interview relieved to get out of there.
Now, what is a polite way to decline the offer? Phone, email, letter? Should I give reasoning and, if so, how much is sufficient? I contemplated saying that I have taken another postion but my interviewer seemed a bit of the nosey type and I can envision this person following up and asking me where I decided to accept and I don't want to lie. Of course, I want to decline in the most professional way without burning any bridges as I never know if I may cross paths with such individuals again.
I would very much appreciate any advice. Thanks very much in advance.
By phone first, and then by email/letter. Don't lie about taking another position. Your paths will almost certainly cross again, so you are correct in wanting to keep it professional. The tricky part is the "why" you're declining. You don't initially have to give a reason for declining. Just graciously thank them and decline the offer. They'll certainly ask why.
You might try saying that the interview process allowed you to learn more about the boutique just as they learned more about you, and you find yourself feeling like you'd be a better fit at other firms where you are interviewing. If they ask why, you can suggest that it's a combination of factors ranging from product focus, opportunities for analysts, and fit.
You don't want to nor should you feel that you need to go into great detail. Even if they probe, don't feel like you need to talk about the other places you're interviewing. Tell them it's not really relevant as you feel comfortable with your decision and don't want to get into an issue-by-issue debate with them. Be gracious throughout and you'll be fine. In this market they'll find someone else they like to fill the slot.
How to Decline an Offer - http://bit.ly/3x51Pl
Gotta Mentor www.GottaMentor.com Connect to the Advice & People You Need to Achieve Your Career Goals
This is fairly simple and you're over-thinking it. If you have been corresponding via email, then just send an email "Thank you very much for this opportunity...However, this internship is not the right fit for me...thanks for your time. Best regards,..."
If you have been convsersing by phone then just say the same thing politely by phone. Firms don't give a crap if an intern rejects them, they can always find interns.
I felt like crap for a while rejecting a great firm who has really been gunning for me to be a part of their team... it's almost worse than being rejected outright...
Writing a letter rejecting an offer (Originally Posted: 11/17/2010)
Hi all,
Can anyone provide tips on writing a offer rejection letter to the company? Are there any templates? Thanks
just call them.
Thanks, but no thanks.
Sincerely,
bossman
I assume by letter you mean e-mail? If so, be quick and to the point. No need to bs. However, if you have a solid contact at the bank that may have went to bat for you, I would call him/her up personally and thank them for the help, explain your thought, etc. Best to avoid bad blood whenever possible.
Thanks guys.
I interviewed with MD and few other ppl. Then MD called me about the offer and then the HR. Who do i write the email/call? The MD or HR?
You need to call MD first and call HR as well (even though MD would have informed HR immediately, at least for my case)
Call the MD, then call HR.
Be a man and don't take the pussy route of emailing....lets put it this way, do you ever want to get dumped by email?
email is FINE you are just antoher numbre to them they do not care
Just call and be honest
I am highly in favor of calling as well. It helps take the sting out.
But, if you really need to write a letter, you can structure it this way:
Dear Mr.Smith,
It was really wonderful to meet you and learn about The Company this weekend. I am a little hesitant with what I am about to tell you. I'm happy that you have favorably considered my interest in The Company but I am sad that I am withdrawing my application.
I think very highly of The Company and it's one of the most respected companies to work for. I hope that in being honest with you about the change in my situation, and the resulting withdrawal of my application, that I am not disallowed to continue considering The Company as a top opportunity in the future.
Thank you again for considering me. I apologize for any difficulty my withdrawal may have caused. Hopefully by being honest with you as early as I could, I have minimized any inconvenience. I hope I can stay in touch.
Best, Erin
Rejecting Offers Politely (Originally Posted: 01/03/2016)
Non-target here that received offers from various BB/EB firms. I networked hard throughout the year to get interviews and landed a couple offers. However, I ultimately had to decide and accept one. Along the way, I never accepted any offer before coming to my final decision, but in my interviews as well as networking calls, I have said things along the lines of "this is one of my top choices" to confirm my interest in the firms.
At this point, I have sent thank you notes and told them where I will be heading in the summer. For some reason, I have been paranoid that they will contact the bank that i will be going to and say something negative about me resulting in me not getting a full time offer. I know the street is a small place and the only reason why I'm worried is, for every interview i got, my contacts pushed for me hard probably assuming i'll go to their bank. At this point, did I burn bridges? A lot of them started pressuring me hard after I received the offer, but I wanted to take a bit of time to evaluate my offers to correctly decide what will be the best for me going forward. What do you guys think? Is there anyway I can still maintain a relationship with these contacts or did I burn the bridge by deciding to go to another bank on the street. Thanks.
No one cares. You're fine.
I had the same issue - as long as you rejected nicely, left a door open for future communication, and didn't talk sh*t, you are fine.
Yeah just don't be like that guy who turned down KBW and said he had a "better offer" at JPM, that "Unfortunately I will not be able to bless KBW with my presence and talent...", and then linked Dave Chapelle's White Supremacist skit.
I seem to have had a variety of responses, but as would be expected. The people I had better relationships with were disappointed yet still happy that I ended up in a good place. The ones I didn't have as great relationships with didn't seem to take it as well, but no one seemed to be offended.
How to reject an offer? (Originally Posted: 11/14/2007)
Any advice on how to reject an offer without creating bad blood?
just be polite, dont take yourself so seriously.
This is a very complicated ritual, not just anybody can pull it off: Start by sending a gift basket (any kind) to each and every person who has interviewed you at that firm. Don't leave anyone out, even a 1st year analyst, because that would fuck it all up. Then call up each one and engage them in a lengthy conversation; try to steer it toward their feelings about the possibility of you interviewing with another firm on the Street besides theirs. Here's where you have to use your judgment - if he/she doesn't seem to mind if you interview elsewhere, then call them back in 3 weeks and tell them that you're sorry, but you're taking another offer. If they sound like the jealous type, you're going to have to show up in person. Go to the office in your best suit and track down all of the guys who came off as the jealous type... then ask them if they have a few minutse to sit down and talk. Break the news gently, and if it gets violent just walk away and keep it professional. Don't fight back if they get physical.
MKMD seems out to terrorize every analyst on this board..so lame.
Danny maybe you can add it as something not to do on your "how to be the best associate you can be" thread? Even more lame.
Mark. Are you serious? All that to tell someone your not going to take their job? Hell, I would just call and say sorry I have already accepted a position somewhere else. Leave it at that.
Gift baskets? Are you serious?
He's clearly kidding.
Ok good. Sorry I'm new here I dont know Mark's sense of humor yet.
-
From a bank's perspective, we like to know why someone is choosing a competitor. Obviously we think the person is making a mistake, after-all, we seem to think we do a pretty good job. I'd say just give the truth unless it is something nasty like -the MDs all seemed like assholes- or anything demeaning. If location was a factor, just say it. To be completely honest, you will be forgotten rather quickly. Heck, I've already forgotten the names of a number of people I interviewed who signed on for next year!!
Fold the offer letter into a very poorly made paper airplane. Throw it at HR. When it crashes, say "This offer don't fly. Peace."
"Fold the offer letter into a very poorly made paper airplane. Throw it at HR. When it crashes, say "This offer don't fly. Peace.""
i'll give this one a shot.
Mark Klen MD's reply cracks me up.. I have been laughing for 5+ mins.. hahaha
Ling~
Just be honest and tell them although they are a great firm and you were really impressed by them blah blah that you really want to pursue another option. If there was someone that you had developed a relationship with through the recruiting process that was pulling for you call them and try to remain in touch with them.
"Thank you for interviewing me. While your firm's credentials were very impressive, due to the highly competitive market we will not be moving forward with the offer process. I wish you success in your future recruiting efforts."
umm the market is anything but competitive right about now... just tell them you really enjoyed speaking with them, but you're pursuing another option. And be sure to thank them for their time.
Dear bank,
Thanks, but no thanks.
-Signed, your name-
"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-
Models_and_bottles has the best answer to rejecting offers...haha
just email HR.
And if your interviewer took special interest in you - then email him too. Might turn out to be a useful contact in the future.
What if you've already signed??? :o gulp
Offer Rejection Email (Originally Posted: 04/09/2012)
I have multiple offers now and am going to reject one by tomorrow. Was just wondering if anyone on WSO can share some good/polite email template. I do appreciate the opportunities these folks have given me, and I want to maintain good relationships with these guys. I know of job rejection letter templates that are all over the internet - but is there any finance-specific template?
Gracias!!
It's not that hard. Just keep it gracious and polite.
why not call?
I would agree with host above posts. keep in polite and thank them for the opportunity. But, personally, I would call them and felt obligated to thank them personally or whatever. It goes a long way and will definitely help promote a better relationship with that company down the line.
lol rejection template.
To OP: ask and you shall receive. This is something that I actually use.
Dear Mr. (John Doe),
I am really impressed with the people that I interviewed with and thank you for giving me the opportunity to work at (insert subject company name). Recently, I have accepted an offer for a position I got through my (insert contact, friend, coworker, mentor); therefore, I would no longer be able to work at (insert subject company name).
I look forward to keeping in touch as I continue to learn more about the industry. Once again, thank for your time and for your consideration.
Warmest regards, First Name Last Name
Jeezus kid, think for yourself! Just write a bloody email, WSO isn't going to hold your hand through every email you ever write.
Just be polite and explain that you have found something else. Just make sure you don't slam behind you, as you never know if you will be applying there again.
Always call. No emails to reject an offer.
Dear TTT firm,
Thank you for your interest but I signed with a more preftigious firm. I'm sure you unpreftigious mad jelly as fuarkkk bros understand.
how to reject an offer 0 (Originally Posted: 12/22/2011)
.
"Thanks for the offer, I really enjoyed meeting everyone and hearing about the firm, but I've decided to go a different direction that I feel is the best fit for me right now. Thanks again, would like to stay in touch, etc...."
Less is more, so try not to go rambling on explaining your whole decision process - keep it simple and to the point. They have heard "no" before so keep that in mind. While this is a big deal for you, they likely interview dozens (if not hundreds) of kids year in and year out.
I've had to turn down a handful of offers, and after saying the above it is surprisingly painless. Only with one full-time offer did they ask me any follow up questions about my decision. The rest said congrats, maybe asked which firm I chose, and that was that. Congrats on getting a few offers.
i'm getting more money elsewhere.
I would call the MD and HR representative and reject the offer in person. That firm obviously valued you as an individual and has confidence in your abilities - the least you can do is to tell them thanks (and apologize) like a professional. E-mail is much too impersonal and somewhat rude regarding a sensitive issue like this.
I would call HR and then after your conversation ask them if they would like you to reach out to the MD. They usually say no unless they don't want to do it themselves.
How to politely decline a job offer due to poor fit (Originally Posted: 01/29/2017)
Received an offer from a firm on Friday with an expected response by Monday. I know for sure I don't want to take this job because of several red flags in the interview process and in general the work is not really well-lined up with what I'm interested to do long-term. I did mention i was waiting to hear back from another firm, but I've been unable to get word back from the other firm.
I'll be calling them back and letting them know of my decision, so no email will be sent. Does it seem appropriate if asked why I am rejecting the offer to say "I've gone in another direction"?
I've gone another direction. Just be very thankful and tell them another opportunity that is a better fit just presented itself.
Can you describe some of the red flags?
The interview process was unorganized and it felt like they were in a rush to just pick someone for the position. They skipped the phone interview with me which I thought was odd. A lot of poor communication coming from the firm, like the wrong time for the interview, or who i was and wasn't going to meet with. It wasn't a smooth process.
And no written offer...
I was only interested in taking the interview for practice. The actual position doesn't line up with my career goals. It's not really a step forward in my career.
How do you tell a company you decided to go with a different opportunity? (Originally Posted: 05/30/2017)
I signed a return offer back in October with a BB. I didn't get my city mobility preference, which is why I looked for other opportunities. What is the best way to tell them I decided to go with another a different opportunity? Is it better said over the phone or via email?
I don't want to close that door in case I decide to ever work for that company again in the future. I was thinking of saying I decided to continue my education or I found something that was closer to my family.
My friend did it with a different company and the recruiter called our school's career director and complained. Does that actually happen?
Subtweet them.
lol
Turning down an offer (Originally Posted: 02/27/2011)
Hey,
Got a couple offers, all of which I(obviously) acted like I definitely wanted the job. Was just wondering how you guys generally go about turning down offers? I've already accepted my other offer in Chicago, and am going to shoot the other firm a letter tomorrow. Do you like expect reasons or just say "hey sorry I've accepted an offer in Chicago and wish you luck in the future" ?
dont explain anything or give reasons just say thanks for the opportunity etc
Do you really need help with this?
Just say you very much appreciate the interest but have accepted another offer. Ask to stay in touch going forward.
Aint rocket science.
Don't write a letter. While it is a bit uncomfortable, you need to call your contact in HR or at the company and decline via phone. Thank them for the opportunity and say that you've chosen to go in another direction or have accepted another offer. It's nothing more complicated than that.
+1 Man up and call
I mean I get where people are coming from by saying "man up and call" but when banks reject you often times you don't even get a personalized response, its usually just a form letter. Not very nice or personable by them...
"Not very nice or personable of them" - is exactly what you're interviewer will think if you wuss out and email.
Calling seems pointless in general, but definitely pointless since they are somewhat foreign and things are easily misconstrued and stuff then. So definitely not for the situation at hand, but maybe other times I would consider. I would definitely consider if I hadn't accepted and thought I might negotiate some or something.
And I figured asking couldn't hurt, to the guy who wanted to know if I really needed help. No, I didn't, but you can ask and see others' experiences at the same time, as it once again can't really hurt.
I think you need to call. Don't give reasons but be polite and thank them for the opportunity
Call, no reasons, be vague.
lol just turned down an offer...felt pretty bad saying no after I had them convinced i really wanted to work there...
Declining a Job Offer (Originally Posted: 11/29/2009)
Is it appropriate to email? Or should I call?
The offer's expiry date is Monday so I'm literally telling them on the last possible day, which I feel bad about. Should I call them?
Call if they have maintained contact with you that way.
They offered me the job by phone, then followed up with printed materials, but other than that the contact has mostly been e-mail.
Be professional and call - follow up with an email. It won't be that bad.
you should call. be polite and professional, but don't insult them with an email.
to clarify given the same-time post above: email afterwards ok, but delivering news by email is a bit ehh.
I would also suggest calling your HR/recruiter. Even though when banks reject you they typically do it be e-mail, so it is a bit ridiculous that they should hold you at a higher standard.
OK thanks guys! I'll call first thing in the morning.
i really dont think it matters
Turning down a job you applied for? (Originally Posted: 05/14/2011)
Hello,
I am currently working as a Financial Analyst (not I-banking, I would say Asset Management is the best description) for a MM Bank (~16k employees), this is my first position since graduating from college. The bank I work for is huge on promoting from within, and a few weeks ago they had an opening in another department that I applied for. This position pays about 20% more than I currently make and is definitely a step-up. I thought I was qualified and applied for the position.
The interview went very well, but I have recently found that this specific group is a dead-end that is nearly impossible to get promoted out of... I was playing poker the night of the interview with a few bankers higher up than me and they all told me to stay away from this group. They said that if I get the offer however I should accept as applying for and turning down a promotion looks terrible and will keep me from getting promoted in the future. They said the best bet is to work in this position for 9-12 months and then make a lateral move into another group.
Turns out I got the offer yesterday and have until Wed to let them know... I still think the job looks OK but definitely don't want to be in a group with little growth potential. Is it OK for me to turn down the job or is my best bet to take the job (and the extra money, which will be nice) and hope for a lateral move in 9months to a year?
Thanks in advance.
More description on the new job please. Whats your role and why is it a "dead end"?
I don't think those details are necessarily important as the general question is: does applying for, interviewing for, being offered, and then turning down a promotion look bad enough to limit future growth with the company?
FWIW, the new position is in the Cash Management group and is considered a dead end as this group works on a more broad level than the other groups at our location and would not provide the property/deal level experience needed to move to better position in another group. If I take the position my options would be to try and advance within Cash Management, make a lateral move, or try and get a supervisor position in my current group (assuming one ever opens up).
I know someone here has been in this position or has seen this happen.
it definitely won't be a big positive, but it will probably just piss off the people in the group that wanted you and maybe some HR people....so down the road if there is another position open in another group, they may be a bit more reluctant to give you the offer, but I don't see it as being a huge deal if you dont want to go into that group.
You can say you have done more research and feel that the group you are currently in actually is a better fit. Issue is you'll probably have to lay low for a bit, but this is just basic office politics. If the group really is THAT bad, then I'd probably pass and wait it out. If there isn't too much interaction between your current group and the one you applied to, it should not be a HUGE deal, but you are the closest one to the situation, so us guessing about your office politics is a bit tough. If the senior guys say it is a big No No to turn down an internal promotion to another group, then I'd listen to them.
Either way, good luck.
It might be a problem within the bank, but who says you can't take this new position and then If you end up being pigeonholed, just going to another bank. This isn't a scarlet letter.
Take the promotion and see what happens.
I would go with the advice of the senior bankers at your firm who would know far better than anybody on this forum what you should do in this situation at your bank:
"They said that if I get the offer however I should accept as applying for and turning down a promotion looks terrible and will keep me from getting promoted in the future. They said the best bet is to work in this position for 9-12 months and then make a lateral move into another group."
Make the higher salary for the next year then lateral out when a better opportunity presents itself.
Yeah seriously, why is he asking us? Reassurance? Well here it is. I can't imagine anyone in their right mind disagreeing with the advice of the higher ups at the very bank you work for, lol.
Thank-you for the advice guys, I am leaning toward accepting the position. I have learned my lesson to do some more research before applying next time...
Rejecting a position you applied for is the worst thing you could do. It will make you not credible and immature. Since you say you can lateral from it later on then it's not a dead end. Take it and do a good job there. Good luck!
Declining an offer (urgent!) (Originally Posted: 12/29/2009)
Hi there, shortly before Christmas I received my 2nd offer from a BB, but ultimately decided to sign with the first bank. From what I've read on this forum, you should call and decline the offer verbally. Should I call HR or the person who extended the offer in the first place, who is usually a senior banker? Personally, I would prefer calling HR, b/c it makes me feel less guilty :P
Call both of them, especially if you want to maintain a good relationship with the firm. Remember to be grateful on the phone.
Call the person extending the offer.
I would call the person who extended the offer to you and then email HR (since I'm assuming that even if a banker gave you the news, HR had some communication with you regarding offer terms, etc) just to take the time and let them know your decision. Additionally, I would consider reaching out to any of your contacts who really pushed for you and/or knew you received an offer - you don't want them to think that you had them make a big push only to blow off the opportunity. Essentially, just cover your bases, let everyone quickly know your decision, and briefly why you went that way - thank them again and sign off - this should help you to not burn any bridges. Beyond that, accept the other offer and good luck.
Call both. You'll need that person's help later. I had to decline a few offers and boy was it awkward but just make sure to not burn any bridges
call, will be awkward, but I also think emailing is fine too
Turning down offers (Originally Posted: 02/03/2009)
So I'm a sophomore and this is my first go around at recruiting. I've got some BB offers but I'm wondering how to go about turning down offers without burning bridges. I really like the HR people in one of the BB's and they've been great with me but I have to turn down their offer for what seems like a better one.
Is there a way of doing that taking into account that I might want to go there next year if things go a certain way. I don't want to seem rude or unappreciative, do I call them or send an e-mail. I mean the HR lady is like a good contact now so I feel bad just firing an e-mail but I also don't know protocol.
Call her and let her give you some advice if she wants, make her feel like you value her opinion and let here recognize it's a tough thing to do. Maybe offer to stay in touch.
Declining an offer I was recommended for (Originally Posted: 07/26/2011)
A friend of a family friend recommended me for a job. I got an interview and ended up getting the job. The job ended up being something I wasn't interested in. Further, the starting salary at the company is extremely poor and I decided to decline the offer.
What should I tell the guy that referenced me about my reasoning for declining? I was thinking of something along the lines of:
Mr./Ms. xyz,
I appreciate you recommending me for the XYZ position at XYZ firm. I really enjoyed the people I met at the interview and the culture of the firm. Regretfully, I decided to decline the offer extended to me. While the company seems great, I don't think the position aligns with my personal career aspirations. I do appreciate the opportunity given to me and your help during the process.
Sincerely,
John Doe
I may be over-analyzing this, but it's a weird situation for me.
call him
Call him and tell him in person what you've written down. Also tell him what you are looking for...maybe he can get you in somewhere else..you might never know
Yeah, call him and tell him. That's the right thing to do.
If you turned it down without a competing offer, he might think you are entitled.
Turning Down an Offer (Originally Posted: 02/17/2012)
Hi all,
I have to turn down a sophomore internship program, which involves obviously getting back to the recruiter and also my contact at the firm.
Any tips on how to approach this? Thanks!
There really isn't much to this. Tell them the truth, be respectful, and thank them for the opportunity. This is common sense.
Step 1: Call recruiter Step 2: Tell recruiter you won't be accepting their offer Step 3: Pat yourself on the back - problem solved!
"Hey John, it's Aphamos from XYZ University. I'm calling to let you know that I have to decline the offer to work as an intern this summer at ABC Corp for D,E,F reasons. I look forward to any opportunities that may arise at ABC in the future."
What if they ask where you are doing to? Do you tell them straight up or what?
I have been wondering the same thing.. do you have to call the recruiter, or is ok to just email them with all of your reasons (so much less awkward...)
I actually had to turn down my offer from the sophomore internship I did at a BB last summer as well. I did the following: 1)Called my HR contact 2)Explained to them the difficulty I was having with making the decision because I enjoyed the experience 3)Mention broadly why I was exploring the opportunity. When they ask where I am going, I just say "I'd prefer to keep that to myself at the given time," just because I personally think it is my own business.
Declining Gracefully (Originally Posted: 11/19/2010)
Hey guys,
I just got my first offer from a small investment bank. The shop has a bad rep and the CEO is a dick. Some shady paragraphs were in the agreement as well, which solidifies the fact that this firm is sketchy. So do you think it would be appropriate to decline the offer via email or do I have to call them?
Bonus points for anyone that can tie this to a Seinfeld episode :)
Thanks in advance for any advice!
Just send them an email. Not worth your time. Props to you for identifying an issue a head of time and doing something about it.
Yeah, just say "Thank you for your employment offer, but I have found future opportunities elsewhere." Done in one line.
OK great, thanks for the advice! Appreciate the help
You could always tell them no by taking a page out of George Constanza's book from when he was trying to get fired from the Yankee's:
"Attention Steinbrenner and front-office morons! Your triumphs mean nothing. You all stink. You can sit on it, and rotate! This is George Costanza. I fear no reprisal. Extension five-one-seven-oh."
hi sketchy ibank
I appreciate the offer of employment, but I won a contest.
best
What was so sketchy in the agreement letter?
sounds like FTP
The Seinfeld reference was the fact that Jerry has guidelines to how many dates you can go on before you have to do the face-to-face breakup or the over the phone breakup.
The paragraph stated that I had to stay at the firm for at least 3 years and if I left for another securities firm or bank then I had to give them back all of the remuneration they paid me plus a exorbitant amount of money (think $150k-$250k) for each of the 3 years left. So if I left after a couple months I would have to pay them ~$600k. It was obviously more concretely stated than this in the contract but this is basically what it mapped out.
Mind you, this is for an analyst position. I thought MD's and CEO's only get non-compete clauses in their contracts?
wow...what is the name of this bank?
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