Renege from regional EB to NYC BB?
Hey friends,
Looking for somewhat hypothetical advice... Coming from a non-target top school, I did a summer analyst stint at an elite boutique (think Moelis, Evercore, Lazard) in a regional office (Chicago, Houston, SF) and accepted a return offer at the end of the summer. I enjoyed the experience and the people I worked with, but have been strongly contemplating the move New York, given that I do not want to stay in the regional city long term. I have an upcoming super day at a mid tier BB in NYC (Citi, CS, Barclays) who are aware of my accepted offer.
Should I be fortunate enough to receive an offer, I'm conflicted about whether or not to renege. Although I love the EB and its culture, I would much rather be in New York and feel that it would be most beneficial to my career path, even if that means a smaller salary in the short term. Additionally, the process of reneging in a somewhat small office with personal relationships seems daunting, but I think I would regret not moving to NYC.
Has anyone been through anything similar or have any advice on the situation? Welcoming all advice, harsh as it may be. Thanks in advance!
.
I think you'd be better off working in the EB and then transferring to NYC internally. While NYC is great, you'd be better off doing Tech in SF and O&G in Houston. I'm not familiar with the Chicago EB scene so I won't comment on that.
I wouldn't think its a good idea to renege at an office you summered in and you have on your resume. However, it looks like the BB knows you accepted an offer and there shouldn't be consequences of reneging.
Also Barclays & Citi are generalist offers you won't know your group until training. You could end up in a garbage group.
However, if you are set on career banking you would be better off at a BB but I'd say the analyst experience is better at an EB. My counsel is to go to the super day and if you get the offer make a decision that aligns you best with your future goals.
Voluptatem nostrum adipisci quo rerum velit corporis quisquam natus. Eos sapiente est cupiditate ducimus cupiditate a reprehenderit. Sint numquam blanditiis excepturi rem ab. Aperiam ut ut voluptatum labore nostrum at numquam autem. Velit aliquid aut consequatur at animi.
Quo in maiores amet. Eum maiores earum id. Et natus earum sunt ex. Corrupti quisquam nihil tenetur nihil veniam ipsam occaecati.
Excepturi facilis iure delectus impedit molestiae magnam in. Molestiae pariatur soluta ut provident accusamus. Nam consequatur necessitatibus quia et ipsum sint. Aut enim sed voluptatem aliquid fugiat cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...