Given how spaced out the IBD SA recruiting timeline is this year, with some firms (MM and EB mostly) starting /ending recruiting now and BBs opening their process a month from now... what do the good people of WSO think about reneging offers (are there any tips to do this if you receive a SIGNIFICANTLY better offer one month after the previous one, should you tell BBs that you have accepted an offer but intend on reneging)?
I have a feeling that this year this will happen much more frequently given how abnormally spaced out the process is.
Very unfair and ridiculous process. The banks have created this scenario. As a 55 yr old who's been around the block, it's quite absurd to force spring semester sophomores into recruiting for the summer following their junior yr (many will not have had any significant relevant course work or exposure to the finance world), and blacklist them if they get a better offer based on actual work experience they gain the summer following their sophomore yr. It's just really screwed up.
I guess they can because of never ending supply of quality kids in the pipeline. The whole process could use some creative destruction.