Dilemma: What to Do?

Hey guys, sorry to be posting twice in a day, but something else just popped up that worries me:

A bit of background:

  • In November, I interviewed with a hedge fund capital raising firm for a spring semester internship. Interview went pretty well, and I was pretty sure I had a position locked up. Interviewer then asked me to submit a writing sample afterwards. I did so, and for about three weeks did not hear anything from them, so I continued to interview. In this time span, I was offered an internship at an actual hedge fund, so I jumped on that opportunity and accepted.

Fast forward to mid-December: I finally hear back from this capital raising firm and they ask me to submit my schedule for next semester. This catches me off-guard, as they did not communicate to me that I was even still being considered. Note that this was the closest thing to an "offer letter" that I received. So I reply informing them that I had already accepted a position with another firm, and that I appreciated the consideration.

The catch now is: They think I am reneging, and have threatened to contact my school about it.

Any advice as to how I should approach this? I don't see at all how this is reneging, as I did not sign any offer letter or anything similar. Sorry if this was long-winded.

11 Comments
 
roymonditoThanks for the responses, posted this in the heat of the moment before I had time to think it through.

It's not that you didn't have time to think it through, you just momentarily freaked. Take a deep breath and realize that if something seems a bit ridiculous to you, your school's recruiting office will probably not torch you for it.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
happypantsmcgee
roymonditoThanks for the responses, posted this in the heat of the moment before I had time to think it through.

It's not that you didn't have time to think it through, you just momentarily freaked. Take a deep breath and realize that if something seems a bit ridiculous to you, your school's recruiting office will probably not torch you for it.

That's what I figured, but I thought schools might be tougher on stuff like this after the whole Jeffrey Chiang charade.

 
roymonditoThanks for the responses, posted this in the heat of the moment before I had time to think it through.

It's alright kid I think we all go to WSO nowadays before even thinking anything through.

"The higher up the mountain, the more treacherous the path" -Frank Underwood
 

Haha, +1 for the Chiang reference. I don't have any more SBs left though.

I am permanently behind on PMs, it's not personal.
 
Best Response

Dear Mr. Smith, I found puzzling your email dated MM/D/YYYY HH:MM:SS EST. In it, you assert that I am “reneging” on an alleged commitment I have made to you and Capital Raising Partners LLC. Furthermore, as a consequence of this alleged “reneging”, you have threatened to contact [MY SCHOOL] to relay this fantasy, ostensibly in an effort to damage my reputation with [MY SCHOOL]. Unfortunately your assertion is a fallacious one, and I think you are confused.

I have never made any agreement or commitment to your firm (verbally, contractually, or otherwise). In fact, I knowingly and intentionally withheld committing to your firm because I found the business model, the partners, the hiring process, and the firm generally, all to be overwhelmingly third-rate. Your email of the 1st of December further elucidated this impression

Regrettably, given the threatening tone of your most recent email, I had no choice but to preemptively contact the Dean of the [MY SCHOOL] business school in addition to the career services department and notify them of your amateurishly aggressive recruiting practices. My aim in this is twofold (1) to protect my classmates and future [MY SCHOOL] students from the ordeal of receiving threatening and ill-premised overtures from Capital Raising Partners LLC and (2) to ensure that your firm is no longer given the benefit of recruiting from [MY SCHOOL].

Regards, John Joe
 
completely_hedgedDear Mr. Smith, I found puzzling your email dated MM/D/YYYY HH:MM:SS EST. In it, you assert that I am “reneging” on an alleged commitment I have made to you and Capital Raising Partners LLC. Furthermore, as a consequence of this alleged “reneging”, you have threatened to contact [MY SCHOOL] to relay this fantasy, ostensibly in an effort to damage my reputation with [MY SCHOOL]. Unfortunately your assertion is a fallacious one, and I think you are confused.

I have never made any agreement or commitment to your firm (verbally, contractually, or otherwise). In fact, I knowingly and intentionally withheld committing to your firm because I found the business model, the partners, the hiring process, and the firm generally, all to be overwhelmingly third-rate. Your email of the 1st of December further elucidated this impression

Regrettably, given the threatening tone of your most recent email, I had no choice but to preemptively contact the Dean of the [MY SCHOOL] business school in addition to the career services department and notify them of your amateurishly aggressive recruiting practices. My aim in this is twofold (1) to protect my classmates and future [MY SCHOOL] students from the ordeal of receiving threatening and ill-premised overtures from Capital Raising Partners LLC and (2) to ensure that your firm is no longer given the benefit of recruiting from [MY SCHOOL].

Regards, John Joe

Whatever you do please do not send this above email. This is a sure-fire way to come off as an asshole. Just politely tell them that you were never informed that you had the job and so continued searching for a job and then pre-emptively tell your career office what happened in case the firm follows through and complains (which they probably won't). Dont make this a big issue by being a snotty prick.

 
completely_hedgedDear Mr. Smith, I found puzzling your email dated MM/D/YYYY HH:MM:SS EST. In it, you assert that I am “reneging” on an alleged commitment I have made to you and Capital Raising Partners LLC. Furthermore, as a consequence of this alleged “reneging”, you have threatened to contact [MY SCHOOL] to relay this fantasy, ostensibly in an effort to damage my reputation with [MY SCHOOL]. Unfortunately your assertion is a fallacious one, and I think you are confused.

I have never made any agreement or commitment to your firm (verbally, contractually, or otherwise). In fact, I knowingly and intentionally withheld committing to your firm because I found the business model, the partners, the hiring process, and the firm generally, all to be overwhelmingly third-rate. Your email of the 1st of December further elucidated this impression

Regrettably, given the threatening tone of your most recent email, I had no choice but to preemptively contact the Dean of the [MY SCHOOL] business school in addition to the career services department and notify them of your amateurishly aggressive recruiting practices. My aim in this is twofold (1) to protect my classmates and future [MY SCHOOL] students from the ordeal of receiving threatening and ill-premised overtures from Capital Raising Partners LLC and (2) to ensure that your firm is no longer given the benefit of recruiting from [MY SCHOOL].

Regards, John Joe

Haha, silver banana for you

 

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"The higher up the mountain, the more treacherous the path" -Frank Underwood
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