Reneging on offer during first day?
Previously accepted a ECM offer from a MM bank with my start date being on Monday; however, I’m thinking about possibly reneging on Monday morning by sending an email to the team and then not showing up.
Besides getting blacklisted at that bank, are there other consequences that I need to consider here?
Upon further reflection, I don’t feel like the new job aligns with my interests and end goal, and feel that it is mutually beneficial to renege Monday morning as opposed to starting and quitting shortly after.
Do you have another job lined up? If not, stay with your bank and get another job first.
Yeah I do have another option but am wondering about the potential consequences of this decision that I might need to consider. Obviously, I know I’m getting blacklisted from this bank but wondering if there’s anything else
Honestly I think the same advice applies here as for those considering reneging a summer analyst opportunity. Obviously don’t tell your current bank where you’re going after, don’t update LinkedIn immediately, etc. When I was considering reneging, a VP at the bank I ended up signing at told me that I should optimize for whatever would help me learn the most in the long term. I’ll let some more experienced people weigh in though since I’m an incoming first year as well.
Doesn’t it update on your broker check?
Do what’s in your best interest. You have a long road to go career-wise, and in 2-3 years no one will remember. However if you decide to leave, understand that these connections/relationships are most likely gone. Best of luck
why do you choose to wait until the start date morning to renenge? just do it sooner so they could find a replacement/someone else on the waitlist could get a summer internship. if you wait until the last day to give them this shock, that'll add to the acrimony.
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