So...
I have a bit of an ethical situation but I'm looking for someone who knows the industry to tell me my conscience is wrong in the matter. I began this SA recruiting season looking for S&T or IBD in NYC, and as my first year being involved in actual campus recruiting at a target, I was a little overwhelmed by the pace and accepted my first offer for at a top BB in Houston, which I was originally pretty excited about. Two days later I got IBD and Fixed-income S&T (respectively) offers from two different BBs in NYC. The IBD offer is from a bit of a second tier BB but the S&T gig is from a top firm. Regardless, as I only just accepted (verbally), how taboo would it be to spin some bull and get out of the Houston job? And even if this is incrementally socially acceptable, is it worth it? I just want to be set up well for FT as this will be my first experience south of the border.
Thanks in advance for any and all advice....
Only bumping the thread because if I still have options I have to get them sorted out early tomorrow I assume...
is the group oil&gas? if it is, i would stick to your word as getting a BB oil&gas internship won't hurt you for ibanking FT interviews. there's a good article on mergers and inquisitions about reneging... i don't think it's worth it. i turned down interviews with some elite groups because i made the mistake of taking the first "good" offer i had with a group i was happy with. it didn't hurt me at all when i went for FT recruiting
Thanks alot for the response. And thanks for the Mergers and Inquisitions tip. I found the article and it makes alot of sense. NYC can wait until full-time I suppose.
And yes my SA group is oil and natty in Houston. Cheers
Careful on reneging, especially as a summer. I'd stay where you are.
Yeah don't do it... not worth it, finance is a small world.
I would take summer and keep in touch with other firms. If they want you now they will want you later. Just be nice and always keep the highest morals and ethics with your career
I'd take the Houston offer. Yes, finance is a small world. But also, it's your morals and ethics that people will remember you for, not the number of fancy names on your resume!
Best of luck!
and if in houston.. steaks on me
I disagree with the above posts. You haven't signed anything yet with the first firm, so you're not reneging on anything technically speaking. Take whichever offer you prefere out of the NYC gigs.
I don't understand why the majority of people on WSO are so risk averse ...
who says he has or has not? end of day its not about risk its about being an idiot. your word should stay for something
This is it in a nutshell. An energy group is Houston isn't going to kill your chances of making it to NY full time so there is no upside to going against your commitment. You would potentially ruin your relationship with that firm for little to no benefit.
Enim perferendis non est. Rerum soluta reprehenderit voluptatem ab aspernatur debitis neque. Facere quis nihil non in deserunt unde nemo.
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