I acceped two offers (GS vs Centerview), which now to take?
Hey guys, I accepted two offers for the summer at GS and Centerview in NYC. I haven't had the guts to decide yet what bank fits me better. I originally wanted to decide this by February 2020 but due to the Corona outbreak I wanted to make sure first which bank is the more safebet with regards to FT offers. Could you please give me the pros and cons of both firms in NYC?
Thank you very much!
you are fucking idiotic
bruh
Renege on both
Leverage both to DB
Probably doesn't matter because once you renege on one, the other bank will probably pull their offer when they find out what a moron you are.
I'm from a completely different geography and I would like to know how will the other bank find out if the op declines one offer? just curious to know
Holy shit for your sake I hope you're not the OP becasuse your username isn't exactly discrete
Might well ride it out. At this point likely scenarios - Remote work. Not enough to do. You can intern at both places - Internship gets delayed / canceled or they give you an option to not to do it for whatever reason and you take that - Everything is back to normal in 2 months cause Jared Kushner found cure for Malaria - in which case you are fucked
lol since it's remote/online, maybe you can attend two of them at the same time... see how that turns out
but I do hope for your future career sake you have a good reason to tell the hr recruiters why you are reneging on accepted offers
First, that was really stupid. Second, Centerview doesn’t even give exploding offer deadlines, you literally had zero reason to accept the offer until you were 100% certain - so again, dumb move.
The good news is that it’s a small enough class that as soon as you renege this late in the game, it would be easy to find this thread and know who you are and why you reneged. So good job on that one.
Hope for Centerview’s sake he goes to GS haha
haha you are so fucked
You won’t be working at either once you break the news lmao
Why do people fall for this obvious bait?
I don't see what the issue is. Pick one and tell the other you no longer can take the offer but don't tell them where you are going. They're all considering axing full times anyway (you know it's at least a card on the table...) so fuck them, seriously. What goes around comes around.
I respectfully disagree with the attitude of f*** the firms when it comes to accepting two job offers at the same time. It is not right. Ethics is a slippery slope. How could it be ok for one gal accepting marriage proposal from two guys at the same time, @Pussy Galore?!
These firms are only looking out for themselves. They don't give a shit about new hires right now. Neither should any of these guys on the other end of the table.
GS hired college kids for their SLC IBD program and canceled it before they even started. I used to work at GS and Citadel so I know the culture well. It's nothing personal, this kid is just looking out for himself just as these firms are doing the same.
simple bro just jump on a call with hr from both firms and let them decide
Mazel tov.
Look, personality fit is a big factor, but hard to know, based on your interviews or what anyone here says, what your group will be like and if you'll be happy. There are no crystal balls. GS is definitely the security play. Once a GS SA, I'm sure many doors will open. That said, if you like the riskier play, or simply like Centerview's MO better and have specific goals within the firm, you are young enough and early enough in your career to take the risk. It's still well enough known name.
I know that you know, in your heart, where you really think you want to go. What's your dream? Name aside, did Centerview really strike you as the place you felt more excited about? I think that's likely what's going on here - you have a slight preference for Centerview, but are scared to not take the gold ring of GS. If you take GS, you can probably get to Centerview or the equivalent long run, but if you take Centerview, GS is probably not going to welcome you back. May be your one shot at GS. But if GS is simply not in your gut (you're accepting more out of guilt), go with your gut! Keep us posted.
surprised people are bashing this. i reckon because you probably fucked over some kid at gs / center who would have gotten the offer otherwise. but at the end of the day you should only look after yourself, especially in these trying times.
if its remote, id try to work at both places at the same time. thats a good story.
Why? It's silly to accept two offers in the first place, nevertheless to sit on it (when this situation probably arose in August/September) until April.
Also, someone at GS/Centerview has probably seen this thread. Once someone at the bank puts two and two together on why an intern reneged in April(!), it might not end well for OP. This thread should be deleted
Accepting two offers works until it doesn't. But would make a hilarious story
I've managed to work at both Moelis and Lazard for the past two years. PM me for advice
Work at both banks virtually and make sure you get staffed on both sides of the same deal. You'd be like the Mrs. Doubtfire of finance
That’s easy just ask each firms HR, I’m sure they’ll be able to help you out.
just wait for the incoming GS/Centerview Summer Analyst 2020 flex on linkedin
"Incoming Investment Banking Summer Analyst at Goldman Centerview Sachs"
Given M&A activity has all but come to a halt with the current market environment, I’d suggest reaching out to your favorite MD at each bank to invite them to a pitch for your offer selection process. Have the teams at each bank toss together some slides (they must have the capacity these days), including peer bank comps spreading historical return offer rates, average analyst bonuses, hours per week, vacation day utilization rates, meal stipend dollar amounts, and live deals closed per analyst. It would be helpful to also request some precedent buyside placement details, making sure to include frequency of megafund PE exits by firm so you can get a good sense of where to start networking over the course of your internship (never know when on-cycle will kick off these days!). Only then will you have enough info to truly make an informed decision here.