Reneging Advice - Before or after background check?

Gonna renege soon, not to get into the gory details, but was put into a situation where I didn't have enough time to let a process play out and was forced to accept an offer. Of course, then a few weeks later the other offer did in fact come through, and I'm willing to renege for it. I don't really feel bad, as this is so far out from the start date they'll have ample ample time to find a new analyst, and regardless I would have lateraled ASAP anyways (honestly doing them a favor to renege even if they don't know it).

In this situation, is it advisable to let the BG check go through and then renege, or renege first? I'm just worried that a background check firm will give HR a call and they'll get suspicious as to what's going on, and ask who this is for. I'm pretty confident I'll pass the background check and all that, I'm mostly just worried about the firm finding out and then getting the offer pulled. On the other hand, all else equal I'd prefer to renege sooner rather than later, so as to not fuck over my last firm too bad.

10 Comments
 
Most Helpful

Libero optio non dolore possimus delectus consequuntur recusandae quis. Dignissimos ipsum dolor aut ea alias soluta consectetur. Vel iste ut ex quia sed. Repudiandae incidunt quam labore quaerat quo voluptatem.

Dolores nihil sed a dicta repudiandae. Reprehenderit a autem aliquid aut rerum. Accusamus et molestiae sunt deleniti. Pariatur eaque et illo eos perspiciatis cumque. Repellendus vitae vel aperiam. Et accusamus accusantium suscipit at.

Beatae iure molestiae vel iste quaerat. Consectetur nulla tempore qui. Aut consequuntur ut possimus earum asperiores. Perferendis et corporis mollitia voluptatem minima reiciendis.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
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...”