Extension or Accept Then Renege Offer?
CF
(Senior Baboon, 214
Points)
on 11/27/11 at 7:44pm
I currently have two exploding offers, but am waiting to hear back about final round interviews for two jobs that i would rather take. The offers I currently have will explode before I have final round interviews for the other postions--if I have them at all. I am wondering if it's better to request extensions for my current offers or to accept the one that I like better, and then rescind my acceptance in the future, if need be.
What happens when you renege on an accepted offer and how will it affect future opportunities?
Impossible is nothing





First questions: 1) Is this
First questions:
1) Is this for SA or FT position?
2) Are the two exploding offers and other possible final round interviews all the same job just different firms (aka are they all in IBD)
If the two exploding offer you have are for investment banking positions and the possible final round is as well, you should use your offers at leverage and let the firm you really want to work for that you have an exploding offer; however you are most interested in their group and was hoping you could have a chance to interview before your other opportunity elapses. No bank or firm is going to be upset that you are requesting that because they understand you are looking for employment. They will for one most likely look at you more favorably if you have an offer from one of their competitors or a similar group in their industry.
If you have more questions PM me, but you can use this for your advantage...its all about how you play it out.
Good is the enemy of Great
Pike wrote: First
First questions:
1) Is this for SA or FT position?
2) Are the two exploding offers and other possible final round interviews all the same job just different firms (aka are they all in IBD)
If the two exploding offer you have are for investment banking positions and the possible final round is as well, you should use your offers at leverage and let the firm you really want to work for that you have an exploding offer; however you are most interested in their group and was hoping you could have a chance to interview before your other opportunity elapses. No bank or firm is going to be upset that you are requesting that because they understand you are looking for employment. They will for one most likely look at you more favorably if you have an offer from one of their competitors or a similar group in their industry.
If you have more questions PM me, but you can use this for your advantage...its all about how you play it out.
Hi Pike i have a somewhat similar question for summer internships, can I ask you if dont mind. (few offers spring+summer not sure to wait or do what he wants do, accept then say no)
If I was you, I would ask for
If I was you, I would ask for an extension on the decision first. If they don't bite for that, then I would accept the exploding offer you favor most and rescind it if you get an offer after your upcoming interviews.
Really the only downside to rescinding an accepted offer is returning whatever signing bonuses you might have already received and trouble being rehired at that specific company down the road.
Suffer no fools
I've always wondered what is
I've always wondered what is entailed with reneging on an offer - what do you do, just call and say that you don't want it anymore, or is there more involved (paperwork, etc.)?
spartan119 wrote: I've always
I've always wondered what is entailed with reneging on an offer - what do you do, just call and say that you don't want it anymore, or is there more involved (paperwork, etc.)?
Yes, anybody have any insight into what to say (specifically) when I call to ask for an extension? Should I ask for an extension a couple of days before the actual "deadline?"
Impossible is nothing