Reneged after verbal offer

Folks, I could use your perspective on something. I received an associate lateral verbal offer from BB1 with a deadline to respond by tomorrow. The issue is that I just started the interview process with BB2, which is the firm I’m more interested in. 

Would it be better to ask BB1 for a short deadline extension (though they’ve already waited a week), or to verbally accept the offer and use the time it takes to receive the written offer to see how things develop with BB2?

Thanks!

3 Comments
 

Just say yes to BB1 and renege later if you get BB2. Unless BB1 is BofA and BB2 is UBS, either bank would fire you in a heartbeat if it improved thier profitability.

 

Thanks. Both are tier 1 (GS, MS, JPM) but prefer BB2 for its location. I'm concerned that if I renege, it could look bad, especially in the niche industry. 

 

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