"Reneging" at Same Firm for Different Role/Office?
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Based on the most helpful WSO content, reneging within the same firm for a different division or location, like moving from an IB offer to an S&T role at JPM, is a delicate situation but not unheard of. Here’s how to approach it professionally:
Understand Internal Mobility Culture: JPM, like many top firms, often encourages internal mobility, but the process and perception can vary by division. S&T and IB are distinct areas, so while the move is within the same firm, it may still raise eyebrows if not handled tactfully.
Timing is Key: Accepting the IB offer now to secure a safety net is reasonable, but you should only pivot to the S&T role if you are certain about receiving the return offer. Ensure you have the S&T offer in hand before making any decisions.
Communicate Professionally: If you decide to pivot, approach the situation with transparency and professionalism. Once you have the S&T offer, reach out to the IB team and explain your decision. Emphasize your gratitude for the IB opportunity and your genuine interest in S&T as a better fit for your skills and career goals.
Leverage Relationships: If you’ve built strong relationships during your AHL Fellowship in Markets, they can advocate for you during the transition. Having internal support can make the process smoother.
Be Aware of Risks: While internal moves are possible, reneging on an accepted offer can still create friction. It’s crucial to handle the situation delicately to avoid burning bridges.
Seek Guidance: If you have a mentor or trusted contact within JPM, consider seeking their advice on how such moves are typically viewed and managed internally.
Ultimately, the key is to act with integrity and professionalism while aligning your career goals with the opportunities available.
Sources: What offers would you take over a BB S&T?, 2nd year S&T to IBD Associate -- ask me about S&T, S&T Summer Analyst Lateral to IB FT?, My Story: From Trading Floor at UBS To Entrepreneur on Kickstarter, https://www.wallstreetoasis.com/forum/trading/ib-after-st-summer?customgpt=1
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