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eightyfivebroad's picture

Is it fine to interview around AFTER signing offer?

This specifically applies to people who already signed offer with banks that are going through rough times (MS, GS) or integration of some sort (BoA, ML, etc). Even though some of us already signed the offer, we know that anything could happen to their offers (getting rescinded) in an instant these days. So is it OK to still interview around and seek other companies' offers? It;s not for reneging purposes. Just in case our signed offers get rescinded, we'll have somewhere to go. but if nothing happens to our signed offers, we'll just not take the new offers. Is it unethical? illegal? breach of contract?

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WesternWildOut's picture

Your offer letter is NOT a

Your offer letter is NOT a contract. It is just essentially a letter of intent to hire you. Regardless, go ahead and interview around. Noone will ever recommend reneging as good business practice, but it is fine to interview around just in case the bank rescinds your offer.

xqtrack's picture

just dont get caught, you'll

just dont get caught, you'll be fine

WxOnWallStreet's picture

Has anyone heard of any

Has anyone heard of any offers being rescinded since the end of the summer?

Philosopher's picture

of course do what you want.

of course do what you want. its financial companies not dictatorship governments. most people wouldn't want to interview again as few find it to be enjoyable, but go ahead if you want to. (Realize though that you're going to have to accept or decline sometime and getting more offers doesnt decrease the probability that the one you accept will go down after youve accepted it and declined others)

Phoenix09's picture

wouldn't risk it in these

wouldn't risk it in these times

qonnect.me's picture

Not a great practice

That said, as long as you proceed with caution, chances are you will not get caught. So bottom-line: be careful if you decide to do it.

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opt8's picture

Is anyone doing this? I

Is anyone doing this? I received an offer from GS/MS, but submitted my resume out of fear last week...should I sign up for the interviews?

aachimp's picture

yes

opt8 wrote:

Is anyone doing this? I received an offer from GS/MS, but submitted my resume out of fear last week...should I sign up for the interviews?

of course, with gs and ms possibly going the way of bsc, it would be stupid not to.

ChelseaFC85's picture

how do you know that the

how do you know that the firm you sign on w/ isnt going under though.

Clueless Wanderer's picture

Honestly if GS or MS go the

Honestly if GS or MS go the way of BSC...we're going to have bigger problems to worry about then where to interview

LizzieJane's picture

Interview at your own risk

If you've already signed an offer I think it's pretty bad form to still interview at other places.

A couple of years ago, there was a guy from my school that got caught interviewing after he signed an offer. His interviewers at the two different firms happened to be good friends and somehow realized what he was doing. His offer was rescinded, and they told all of their colleagues at other firms not to hire him because he lacked integrity. It wasn't pretty.

Of course, as long as they don't find out you'll probably be okay...but be careful. It's a very small world.

unct91's picture

how would you get caught

do HR from diff banks talk to each other?