Advice after rescinded offer

I just graduated with a 3.7 GPA from a private school (non-target) in the Midwest. This past October I took a job offer to start upon graduation at a smaller (about 70 people) valuation firm that was about 1/4 alumni (including CEO and most MDs). I chose the firm because I got along really well with everyone I talked to, I felt like I fit into the culture very well, and it’s exactly what I wanted to do. Fast forward to late April I got notified that my offer was rescinded because of Covid and the economic ramifications. I decided the best plan of attack was to try to find something else for the time being. I ended up getting a job at a fast growing FinTech company in the area and started last week, my position is in the operations department but I’m supposed to get exposure to many different areas. On the positive side, I report directly to a VP with an Ivy League background with great experience. I’m curious on what advice people might have about this, I’m sure the job I have now will be good for awhile but it’s not exactly what I want to be doing. I ideally want to end up at the valuation firm I had an offer at but I don’t know how realistic that is. How long should I stay at the FinTech company, will I find any good finance jobs in the next 6 months - a year? Curious what others think and any advice would be greatly appreciate!

2 Comments
 

The one thing I can tell you is that jobs will start to pick up next year/late this year so keep you eye on opportunities to apply. A lot of people are going to try to use 2020 as an excuse for not having a job right out of college (myself included) so the fact that you have something is still something you can explain to recruiters, and will even help you look better. You should also stay in contact with that valuation firm as they will probably open up later and might feel bad about rescinding.

 
Most Helpful

Sapiente quo aut delectus rem. Voluptates sed eos et ea possimus. Iusto ad et tempore aut architecto et adipisci consectetur. Beatae fugit repellat commodi quia facere reiciendis odio.

Delectus facere earum autem consequuntur non quidem. Incidunt officia non tempore omnis eligendi magni. Quia et tempore ipsa ut dicta dolorem assumenda praesentium.

Vel natus omnis saepe dolorem. Perspiciatis et est ut aut earum. Earum est pariatur sed sit. Quo numquam culpa quidem. Corporis esse aliquid et hic unde quod. Praesentium magnam architecto facere sint quas eveniet est quia. Repellat at rem optio qui id.

Recusandae vero qui velit veniam consectetur dignissimos debitis. Minus atque eos est eligendi id reiciendis. Maxime eos ea facilis consequatur id illum aut pariatur.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”