Reneging Now: The Consequences
I'm curious to know the opinions of those who have reneged, know anything about reneging or are part of the recruitment process.
What are the repercussions apart from being blackballed?
Does it make sense to ban someone forever just because they were trying to hedge their bets in a risky job market?
If you only had a BO internship but all of a sudden landed a FO now, would you renege with less than one month to go before the start date? How ethical is this and what are the long term repercussions on your career?
Any insight would be appreciated
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Poll
WSO Employment Rate: for those of you searching for a job, have you received an offer yet?
Yes
52%
No
48%
Total votes: 110
New groups
'Ethical' - you're
'Ethical' - you're considering the wrong line of business, my friend...
I didn't mean for this to
I didn't mean for this to break out into a ethics debate, so lets try to limit that. I completely understand how your job can be taken away from you just as easily.
OK if we take the ethics out of the equation, and look at it from a purely selfish standpoint--
What are the implications?
And is it wise to break from a contract with less than one-month to go before start date?
Bear in mind, this is an internship and I still have another summer to go which means my odds will be one bank short next time around.
How different are they?
If there isn't a huge difference, like night vs day, then I'd say to stick it out at this point.
If you've currently got a BO
If you've currently got a BO gig lined up, and something FO came up, I'd say definitely renege. Working in the front office will serve you much better in the long run - you'll be glad you did.
- Capt K
just an update: ultimately i
just an update:
ultimately i decided not to renege because the benefit just doesn't outweigh the risks entailed. would hate to get bballed so early in my career and i never know if it will come around to bite me in the ass.
not to try and seek validation, but please feel free to post your thoughts on the topic
You should take
You should take front-office...
Companies can fire their employees whenever, I don't think you should be held to a higher standard (unless the bank you renege on is a core BB...in that case maybe...)
You gotta do you...
You really should renege and take the FO. You're only an intern and probably not that important to the group; not to mention very replaceable. Conversely, the FO job will be much more benefitial to your short and long term career. The BO group probably wouldn't even mind realizing that you would probably learn more in the FO.
Renegeing to switch from on FO to another banks FO may stir the pot but most likely no one would really care.
This is a very hard concept for young people to grasp (I myself was at one point guilty of it) but there are no loyalties in the job market. A company will chew you up and spit you out and you must have a similar mind set. No need to be loyal to something that isn't loyal to you. Just as when it doesn't make financial sence to maintain you as an employee...you should no longer maintain them as an empolyer when it doesn't make sense to you.