WallStreetOasis.com » Forums » Industry Specific » I-Banking Bullpen
chanceux's picture

Reneging?

I have a deadline next week for the ibk offer i received at the end of my internship (bank 1). im supposed to hear from another bank (superday just happened) im really interested in a couple of days after that deadline (bank 2). also, will have final rounds with yet another bank in a couple of weeks and im very interested in that as well (bank 3). bank 1 will not extend my decision deadline. should I accept the offer from bank 1 and then renege if i get an offer from bank 2? what consequences are there? would career services at my school find out?
thx

No votes yet
Clueless Wanderer's picture

Call Bank 2 and let them

Call Bank 2 and let them know you have an offer deadline for Bank 1...that should expedite the process.

Banks are usually accommodating about deadlines in my experience.

marine13910's picture

I say look out for yourself

I say look out for yourself first. I see absolutely no problem with reneging, given current market situations. And if bank 1 refuses to extend a few days then fuck em. Accept and if something better comes along accept that and reneg. Think of all the BS and LB bankers who accepted offers and missed out on recruitment by other banks. Now they have nothing. I would honestly accept two offers and just wait to see which bank rescinds their offer. Being a dick these days might be the only way to ensure your future. As far as career services goes, when and if you Reneg, make up a story that somebody is sick and you need to take care of them and can't accept. Come up with a good story and they are not going to contact your career center. Besides, if you wait to reneg until after recruiting season what can they do to you? Ban you from campus recruiting? Too late!

L's picture

hey Wachovia can renege, so

hey Wachovia can renege, so can you!