Accepting Wells Fargo IBD vs. Waiting for BAML Superday
For context: This is for a Summer Investment Banking Analyst position.
Hey guys,
I'm a bit of a predicament. I have an offer for Wells Fargo IBD SA, but the issue is the offer expires this week and I've asked them to push the deadline but they said they aren't willing to budge on the date. I have a BAML IBD superday next week, after the Wells deadline passes.
I'm looking for advice. Should I accept the Wells Fargo offer, thereby losing the chance to work at a better firm? Or should I reject Wells and pray that I get the BAML offer? Also, what are the consequences if I accept the position at Wells and renege if I get BAML?
Thanks for your help guys - I really appreciate it.
I think you should take the Wells Fargo offer and then push the re-neg decision out into the future, otherweise you kind of have two choices:
1.Take the offer > Take the BAML interview (unless you believe WF will find out) > If you should get the offer then you have a decision to make. Reneg or not.
Good luck.
This is great advice. Do not give up the WF offer. That would be crazy.
Do you think if I take the Wells Fargo offer and later renege, I could lose my BAML offer?
I cannot fathom a way in which you would burn a BAML offer if your renege on your WF offer unless you volunteer entirely too much information.
I personally like to be honest in all my dealings ( I don't think I would ever reneg) but this is just how the world works. There's been many cases of banks pulling offers at the last moment. Ask yourself where your redlines are and proceed without hesitation.
My favored approach would be honesty...tell the BAML connections you have about your predicament and see if they play ball. Worst case scenario you summer at Wells and keep in touch with the BAML guys and try to get a FT offer. I would have killed to be in your spot a few years ago.
I hope that doesn't come off too harsh- not my intention.
I'm in the exact same boat as you. I'm most likely going to take WF. PM me if you want to chat more about it.
Take Wells Fargo..
In the exact same spot. Accepting WF.
+1
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