13 Comments
 

What the hell is wrong with all these people telling you to renege? You want to be successful AND respected? Don't walk on someone or something that you've committed to just because the grass seems greener. Professionalism is what the higher levels of organizations are all about, and reneging is anything but professional. I can't count on two hands how many times CEO's, MD's, etc have told me that you never walk on someone to get a better deal or make a deal happen. You make the best with what you have or have committed to. Anyone with an intact moral compass would not renege on a commitment let alone a contract that he/she signed and agreed to. Do yourself a favor and don't renege, work hard, obtain as much as experience as you can, and lateral to another bank after your internship if that's what you still want to do.

Imagine if you were an MD and your prospective client called you on the phone to say you'll be lead on its upcoming IPO. The next day the client sends you an email and says, sorry we decided on someone else because their fees were lower. You get the idea....

 
Best Response
Luxe

What the hell is wrong with all these people telling you to renege? You want to be successful AND respected? Don't walk on someone or something that you've committed to just because the grass seems greener. Professionalism is what the higher levels of organizations are all about, and reneging is anything but professional. I can't count on two hands how many times CEO's, MD's, etc have told me that you never walk on someone to get a better deal or make a deal happen. You make the best with what you have or have committed to. Anyone with an intact moral compass would not renege on a commitment let alone a contract that he/she signed and agreed to. Do yourself a favor and don't renege, work hard, obtain as much as experience as you can, and lateral to another bank after your internship if that's what you still want to do.

Imagine if you were an MD and your prospective client called you on the phone to say you'll be lead on its upcoming IPO. The next day the client sends you an email and says, sorry we decided on someone else because their fees were lower. You get the idea....

This is ridiculous.

 
Luxe

Imagine if you were an MD and your prospective client called you on the phone to say you'll be lead on its upcoming IPO. The next day the client sends you an email and says, sorry we decided on someone else because their fees were lower. You get the idea....

Do you know how banking works......?

"My name's Ralph Cox, and I'm from where ever's not gonna get me hit"
 

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