Accepted offer at BB; now doing HF?
I accepted an IBD FT offer at a BB in November, but I've recently become interested in trading. I've applied to a few HF's through my school for junior trader positions, and I was curious what I should do in case they ask if I have any pending offers.
Should I tell the interviewer that I accepted an offer in IBD, but am now very interested in trading at a HF, or should I not mention anything about the offer that I accepted?
I know that it's looked down upon to reneg on an offer, but I feel that trading would be best for me, and I know that my contract w/ the BB is non-binding.
Thanks.
why on earth would u tell them uve accepted another offer. do not do that. learn how to lie by omission.
It would look bad.. It shows that you are not committed and you do not keep your words. Just do a polite lie...
Ling~
lie. Most, but not all HF's will not look down on you for reneging on your BB offer if you play it right. They do not have the same view as banks (also banks have this view b/c they face such severe attrition and need to pressure people to commit for the full two years). If you get the HF offer to your liking, take it, the BB guys can't touch you (ofcourse you will never work at that BB in the future, but then again you would never want to work at a BB again if you get the right HF offer)
Thanks for the comments. I'd really rather not lie, just in fear that somehow something could slip up. What do you think the best way of telling the HF would be? I was thinking something along the lines of "Back in November, I was rushed into a decision at a BB, but now I understand that I would like to pursue a career that is more fast-paced, meritocratic, and quantitatively challenging."
Does that work? Any further advice is welcome.
Also, do you know how hard it would be to land this position after two years in IB?
afraid of a slip-up? like the slip-up where the HF thinks if ud reneg on a BB ud reneg on them, or the slip up where the HF thinks if u changd ur mind once this drastically u could change it again, or maybe the slipup where ur HF interviewer worked at that bank/has some connection to it.
Sounds to me you haven't put enough thought into what it is you want to do. IB and HF are pretty different career paths, especially straight from undergrad.
what kind of HF?
as in what strategy, to answer ur q about how hard to land later...
It's a quantitative hedge fund. What I've realized is that I want to be in a more quantitative and fast-paced field than IBD and I don't want to waste time in IBD if I know that I won't enjoy it. Given that, I guess it is possible to do IBD and then get a master's in finance and then hit up trading. Thoughts?
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