Reneging BofA/Citi for GS/JP/MS
I was a IB SA at BofA/Citi and got a return offer and had to accept it because of the deadline. Ideally, I want to apply to GS/JP/MS for full-time. Is this a bad idea? Will I get caught?
Trending Content - Investment Banking Forum
| +197 | Americas M&A League Table Q2 Updated | 79 | 3h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +102 | IB Net Worth / Savings Check | 49 | 25m |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 13h |
| +80 | Stop sleeping on UBS - it’s pretty good | 26 | 2h |
| +52 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 1d |
| +30 | Hardest interview experiences? | 16 | 23h |
| +28 | Summer before college | 17 | 13h |
| +26 | Current State of UBS in North America | 8 | 2d |
Career Resources
Absolutely do not reneg for full time roles once signed, especially at another BB lol.
why
Every bank knows every other bank. Chances are your new MD and old MD golf together or something. Word gets around.
Would highly advise against this if you’re talking about the same geography and industry coverage. If you’re changing geographies and/or industry coverage, it could be a little better.
Just wait at least 6 months to a year on the job then lateral. That way you maintain the relationships a bit. Your team won’t be happy that you left but they won’t feel betrayed as much as if you renege.
horrible idea, not worth the time, effort, and risk. the difference between being at a mid bb vs a top bb is negligible in every aspect
Absolutely do not do this. It will be easier to lateral down the road anyway if you really want to. You will destroy any goodwill you have have built over the summer and I guarantee people at your firm have friends at the others. Do not do this.
Would it be as bad to renege on an SA with CS/Barc/BofA for SA with AM firm?
Bruh some of the people on this site
Great idea. I suggest you dial-in to one of the weekly meetings at your old bank once you sign with new place and tell them all to s*ck it
Wtf.. why would you ever do this? There’s no such thing as top BB on the street (only on WSO). These are all renown banks, and will open doors to anywhere in finance
Absolutely not. Only renege if it's back office to front office, or maybe if its from a LMM to a BB. BB to BB is nonsense.
Labore cupiditate aut ex voluptatem doloremque. Autem quas magni et nobis. Illo dicta eum consequatur aliquid at qui aspernatur. Aut deserunt quis aperiam aut quidem.
Quia et ipsa quibusdam architecto voluptas atque. Placeat quia quo mollitia consequatur.
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...