Looks like I am about to have my IBD offer rescinded...
IB
Tags:
(Senior Chimp, 29
Points)
on 8/4/08 at 9:37pm
2 days before I was about to start, got a call from HR saying they cannot 100% guarantee the position and told me to wait. This is after I rejected a position in another bank when I called them up 2 months ago to ensure my offer still stood and would be okay.
What should I do, what would you do in my situation? Should I let the firm know I rejected another bank already in favour for them?






yes.
yes. i would try to speak to the people you met at the company during the recruiting process to see if they can pull for you.
hi
yes. i would try to speak to the people you met at the company during the recruiting process to see if they can pull for you.
Thanks for your reply man, much appreciate it. The thing is I don't want to sound arrogant because everyone at the team is feeling the pressure. Should I send 'proof' of my offer from th other company? Would you advise I do this by email or phone call?
Man I feel like an idiot. I told my parents, friends, etc. that I will be starting and now I just feel so choked. I have even cried because I feel so down specially when my parents told me to accept the other offer from another company which was felt much secure.
Sorry to hear that -
Sorry to hear that - hopefully they end up taking you after all. If you don't mind, could you elaborate as to what kind of bank (size, location) this is?
BB
Bulge Bracket, Top 3 investment bank, New York.
Best of luck man, hope you
Best of luck man, hope you get to stay where you are!
thnx
thnx, Will keep updated what happens. Already started looking at fall back options, AGAIN.
This is exactly why people
This is exactly why people should have no compunction about reneging.
Sorry to hear that man.
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Yea, I had mine rescinded as
Yea, I had mine rescinded as well, after telling EVERYONE what I would be doing and who I would be working for... feels f-ing terrible, I know. Good luck to you.
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hi
Yea, I had mine rescinded as well, after telling EVERYONE what I would be doing and who I would be working for... feels f-ing terrible, I know. Good luck to you.
NEVER lose your BlackBerry
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Thnx dude. Sorry to hear about your situation. Did they give you severance pay and alternative job offerings? Was this a FT position or a SA? Hope you are able to secure a job in this climate. Gd luk.
Sorry to hear this: "Should
Sorry to hear this:
"Should I let the firm know I rejected another bank already in favour for them?" As to this, dont think it'll matter much/dont think they will care. But if you want to, go ahead.
This, once again, is why I believe freely in reneging.
Sorry bro
This just happened to me but with 4 weeks before starting.
I don't really feel there is anything you can do before they make their decision to revoke or not. I won't get too into my situation, but if this firm does revoke the offer and they have a regional office that you might be interested in, then ask about or propose moving to a regional office that has higher works levels/better staffing needs. That's about the only play you have with this firm if they do revoke.
I'm a supporter of reneging. Just to cover myself, I've been applying to random job openings over the past couple of months. It hasn't helped me yet, but I was just waiting for this to happen.
It's tough being a laborer in a capitalist's world. Oh well.
This has gotta be JPM. Been
This has gotta be JPM. Been hearing alot about them hiring too many and they have two training cycles. Aparently they created crazy rules during first cycle of training trying to get rid of people.
jws43yale, Yeah I suspect it
jws43yale,
Yeah I suspect it is JPM.
What type of crazy rules have you heard that the firm instituted?
Banks really do not give a shit about anyone, and I keep trying to tell my starry-eyed SA friends that.
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I thought that was Citi
I thought that was Citi where if you fail one of the tests you're out.
nope
This has gotta be JPM. Been hearing alot about them hiring too many and they have two training cycles. Aparently they created crazy rules during first cycle of training trying to get rid of people.
this is entirely inaccurate. No one has been cut. The only rules I'm aware of are the standard rules any bank would have (i.e. if you fail out of training you can get fired). There are indeed two training cycles, with the first group training first and then joining their groups, and the second group working first and training after the first cycle.
I have heard from people at Citi that they are getting rid of anyone who fails an exam though.
I also heard they shortened
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MDR, I'm sure you're aware
What about S&T and ER , is
Yes ibankinglife I am very
Update
Quote: Well I spoken to
no models and bottles for
That's horrible. So what are
lol
lol
so sorry to hear that
is this for a FO position
hi
hi
first just wanted to say
So what ended up happening?
Update
Doesn't sound good
Update
...no way to tell, but it's
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