Accepting two offers at the same time?
Hello everyone,
These are extraordinary times and I am seeking advice regarding potentially accepting two different offers. Here is my situation: I am currently a senior about to graduate this may (if that doesn't get pushed too) and I received/signed an offer at a major NY BB bank last august set to start this June. However, I am currently finishing up an internship at another firm and will likely receive a full time offer here (in a more recession proof industry).
Should I accept this new offer if given? If the economy is good I can reject it later and go with the bank, if not (which means the economy has essentially disintegrated at that point) then I can go with the recession proof firm. I have read past posts about banks not giving a shit about its employees and dropping them literally 1 week before they started back in 2008- should I even care about accepting and then dropping later when both firms couldn't care less about doing the same to me?
Thanks everyone
bump
The chances of thing going wrong from accepting two different offers are probably higher than the chances of the bank going under/pulling offers.
Personally, not sure the risk/reward balances well here.
I know- its a risky move, thanks for your input, also really the only place Id be rescinding at is the current place that I just received the offer for (which is not in the banking industry)
While I won't comment on your current situation, I will say that comparing this to 2008 is both premature and a poor comparision. Considering you were still in elementary school when 2008 happened, I can say this from experience when I say that 2008 was an extrordinarily unique situation. Companies pulled offers because no one knew if they were going to be around to honor them. Remember, in the months between Bear Stearns and Lehman failing, the housing market was eroding, there were rumors of a run on Liquidity at Lehman, and there were banks with significant exposure to what took both Bear and Lehman down. It was an industry-wide problem and if a bank took a major hit on any of these assets, it would cause huge losses (from both a capital and revenue standpoint and a headcount standpoint), resulting in a domino effect across the industry when you think about how connected the banks are. Given the proliferation of technology for working from home, virtual meetings, and improvement in telecomuting overall, I'd keep that in mind before assuming that banks won't honor things now versus what happened 12 Years ago.
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