Do BB care if you renege a non IB internship to become an SA at their bank?

I’m talking about, for example, reneging on an AT&T FLDP to join GS as an IBD summer analyst. Banks only care if you renege if it’s reneging from another bank right?

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6 Comments

IB

Analyst 1 in IB - Cov

5y

They won’t care.

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Authored by: Certified Private Equity Professional - 1st Year AssociateCertified Private Equity Pro

Corporate Raider

IB

5y

Won't care - e.g., JPM doesn't care

Will it look bad if I renege on an offer?

According to the Ivy Research Council, 47% of students who had exploding offers had fewer than two weeks to accept the offer. While companies should expect you to make a timely decision, we think that is far more reasonable during the traditional fall recruiting season when you can consider all your options. If an employer is enforcing a deadline that makes you uncomfortable, consider whether that company's culture is truly a fit for you."

https://careers.jpmorgan.com/us/en/how-we-hire/faqs

Scroll to the bottom - look at the last 2 questions

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"Markets can stay irrational longer than you can stay solvent."

fvckthisbs69

IB

5y

Big talk from them because they know people won't renege from them lol I bet Wells Fargo wouldn't say this

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Customer Acquisition Cost Definiton

Corporate Raider

IB

5y

Agree, not surprising which banks do and don't care. It makes sense.

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"Markets can stay irrational longer than you can stay solvent."

IB

Prospect in IB-M&A

5y

Would love to hear what others think about this

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Authored by: Certified Investment Banking Professional - 1st Year AnalystCertified Investment Banking Pro

Corporate Raider

IB

5y

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Do BB care if you renege a non IB internship to become an SA at their bank?

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Do BB care if you renege a non IB internship to become an SA at their bank?

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