Reneg on Employment Contract
Any implications / complications associated (other than reputational) with backing out of a standard signed investment banking employment contract?
I have signed with one bank, but given the current macro conditions & uncertainty (and that bank / role's exposure to it) I think I'd rather go a different direction (different bank / role).
Assuming there aren't any serious repercussions with doing this, what do I tell them - something along the lines of given the deteriorating macro situation I don't feel comfortable joining you at this time etc.?
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