I have an offer which expires Monday. Am in the final stages of interviewing with a firm I really would like to join, but it does not look like their process will be done by my offer deadline.
I have already asked for an extension from my current offer which was denied and have notified the firm I am currently interviewing with that I have this deadline.
My question is what are the consequences if I accept my offer and then reneg if I get the other offer that I really want.
Got both through OCR if thats relevant.
Thanks
Has the firm you're interviewing with tried to expedite the process? If they have not, then maybe they don't really see you as their #1 candidate. Just a thought.
If you got it through OCR and you renege, it will reflect poorly on you and your school, and you may get spoken to by career services. I don't know how the industry or other firms would react to it though.
But honestly, if I had to, I would take the current offer and renege later if need be. It would suck to not have any offers at the end of everything. Talk it over with your career services counselor.
For us, you'll be banned from ever using OCR. Also, obvious blacklist at the firm.
Would be great if you gave us more info :)
Companies have reneged on candidates. Companies layoff bankers. My advice is accept your current offer, and renege on it if you get another offer you truly want. Is it wrong? Yes. Will you burn bridges? Yes. However, if this other firm is your number one choice go for it.
it might ban you from OCR but do it if the other company is much better.
Is this for FT or internship? If its an internship, I do not think it is worth being banned from OCR unless we are talking BB compared to a random boutique. If it's for FT, go for it. fuck OCR and fuck the other firm.
Reneging on JPMorgan was the best decision i ever made. They weren't happy - got an angry call from an alum... You may lose OCR privileges the next year, although in my experience careers svcs never followed through on this. Do what's best for you, no one else is going to look out for your best interest (including CS).
Do what you feel is best for you. I would not worry about losing OCR because they will just ask you to write an apology letter and give you OCR privileges back
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