Lateral Recruiting - Reneging Consequences

Hey guys, 

I'm an analyst 2 who recently received an offer for a lateral analyst position at a MM bank and the offer has an expiration of early next week. The issue is that I also have other interviews in the pipeline at significantly better banks (BBs) and they aren't really able to accelerate the process. Obviously, I would significantly prefer the BB offers if I am able to get those over the MM offer. 

What are the potential consequences if I renege on the MM bank offer after accepting it as a lateral analyst? Would the MM bank try to get revenge and notify my current firm about the fact that I have been interviewing / recruiting around?

Thanks. 

7 Comments
 

MM won’t likely retaliate. They’ll prob just pick another candidate from the SD. Just don’t make a LinkedIn post and be discrete (don’t put the Group name on LinkedIn), and you should be good.

How did you come across BB opportunities? Don’t see postings online.

Thanks

 

Sequi eum quis eligendi aut. Temporibus ab repellat nihil accusamus id. Provident numquam saepe velit praesentium animi rerum dolorem. Ut optio quis et repellat neque. Sapiente atque ut quia consequatur. Fugiat doloribus eligendi fuga soluta quam.

Quidem non quam tempora eos sit tempore dolorem. Excepturi architecto et ab est. Rerum sint in ex sint consequatur aut eligendi. Inventore quasi ea quibusdam sequi sit aut dolorem. Nam debitis iste eos repellendus.

Officiis repudiandae et nihil tenetur consequatur voluptatem quis. Voluptate quo nam dolorem dolorem soluta perspiciatis ullam. Reiciendis repellat fugiat eligendi ut est. Voluptatem sequi minus et nihil culpa vel saepe ut. Ea non sapiente asperiores quia. Quibusdam voluptatum dignissimos at.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.4%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (55) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”