Tips on reneging Big 4 for MBB?

I'm a graduating senior who received and accepted an offer for a Big 4 firm last October (I'm supposed to start in a few months), but this month I interviewed with MBB during their recent hiring spree and received an offer.

I really want to accept MBB - salary & prestige aside, I genuinely enjoyed my time talking to MBB throughout the interview process, and the start date is more preferable (it's in a month, while the big 4 start date is not for several months).

Does anyone have any advice on what to include in the renege email/call to salvage my relationship with the big 4 firm and minimize and other repercussions of reneging? Is it likely MBB finds out, and would they even care? Any other tips on what to write/expect from the firm would be appreciated. Thank you! 

Comments (13)

May 23, 2021 - 2:04pm
consulting_noob, what's your opinion? Comment below:

Had to do this recently, though my circumstances were a little different. I suggest scheduling a phone call with the recruiter saying you have a few updates, and let them know that your circumstances have changed and you will need to retract your acceptance. Emphasize that you thought you were a good fit with the B4 role and would have loved working there if things were different. 

If you have a personal reason to support, mention that. If not, keep it short and firm. Don't mention the other offer or firm you will be joining, It can be uncomfortable, but it happens and they likely expect a few retractions every cycle. MBB won't care, like I said, it happens a lot. If you went through on campus recruiting, your career center might. Not sure how to navigate that, but you might want to also schedule a call with them to explain the situation. Good luck!

Better to have tried and failed than never to have tried at all

  • 2
Most Helpful
May 23, 2021 - 5:45pm
devildog2067, what's your opinion? Comment below:

Salvaging the relationship with the Big 4 firm is not something that's under your control. It's unlikely to be torched forever, things happen, but there's literally nothing you can do to make it ok. Maybe you're forever blacklisted at that firm. Maybe by the time you want to apply there again there's no record at all. Maybe this recruiter moves on to work at your dream exit and when you apply there 10 years from now, they'll remember your name and ding you. Probably it'll be fine. Literally nothing you can do to control any of that. Just be polite and professional and it'll be whatever it will be.

MBB won't care unless you do something egregiously unethical while reneging.

May 23, 2021 - 9:09pm
ebitda-d, what's your opinion? Comment below:

Whatever you do, do not say you're staying in consulting, and absolutely do not say you're at an mbb firm.

May 23, 2021 - 10:12pm
CharizardFan, what's your opinion? Comment below:

Be professional and polite and firm. Don't worry about burning bridges - you won't ever work for that Big4 again. And they have better things to do than track 22 year olds who didn't even work for them

  • Analyst 2 in IB - DCM
May 23, 2021 - 11:39pm

1. Call the recruiter and tell them. Calling always goes down better

2. Don't mention where you're going even if they press... just say personal reasons

3. Don't update your LinkedIn 

4. Don't regret anything 

while all these steps reduce risk of MBB finding out/soften the blow to essentially zero, you'd probably be fine doing none of them. MBB probably won't care even if they find out & this is a no brainer decision. Good luck and congrats 

May 26, 2021 - 11:46am
Ruhm, what's your opinion? Comment below:

I would follow these points. Had to do something similar and went through roughly this, it worked out okay in the end.

On point 2, you can say that you have to do some additional thinking before deciding on anything at this point. Although tempting, do not update your LinkedIn for a little while (a bit after your initial start date at the big 4 feels about right).

  • 1
May 23, 2021 - 11:45pm
Sheikh Abu Muhammad Mithli Aljins Qadib Dakhm, what's your opinion? Comment below:

May Allah smite the Big 4 as you renege!

أمنيتي الوحيدة: جنسي مثلي الجنس العربدة وقذف القضيب

I bear witness that there is no deity but Allah, and I bear witness that Muhammad is the messenger of Allah.

  • 1
May 23, 2021 - 11:57pm
faceslappingcompilation, what's your opinion? Comment below:

don't do this in am email....only on a phone call....it will be short...email your recruiter contact and say you "need to talk"

Tell them you can no longer accept the position...don't say why...keep it vague...just say you can no longer accept the position due to life circumstances..thank them for their time and consideration.  Thay may ask "why" and this is where you just repeat, "due to life circumstances, i will not be able to work for Big4 firm...but i personally really wanted to thank you for taking the time to talk with me."

just google it...you're welcome
  • 1
May 26, 2021 - 11:46am
Ruhm, what's your opinion? Comment below:

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