All incoming SA 25 at my bank just had our offers rescinded because the bank has been struggling with the recent slowdown in M&A activity. It’s a really small firm so I’m not surprised they’re facing headwinds, especially with tariffs.
The timing just sucks. I’ve been holding this offer for over a year, and now I have a month to figure out my summer. What would you do in my situation?
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When your offer gets rescinded, especially this close to the summer, it’s critical to act quickly and strategically. Based on the most helpful WSO content, here’s what you should do:
Leverage Your Network Immediately
Target Smaller Firms and Boutiques
Consider Alternative Roles
Polish Your Resume and Pitch
Stay Persistent and Positive
Prepare for Future Recruiting Cycles
Remember, as tough as this situation is, it’s not the end of the road. Many professionals have faced similar setbacks and still built successful careers. Stay proactive and adaptable!
Sources: Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?, Offer rescinded what can I do now?, Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?, https://www.wallstreetoasis.com/forum/investment-banking/summer-2018-deutsche-bank-offer-rescinded?customgpt=1, https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1
Curious, what firm is this?
bump
bump which firm? signed to a small shop too and a little concerned if this is going to occur
Its rescinded just say the name lol
Heard this happened to a few Aggies at Woodrock (small boutique) in Houston. Horrible spot to be in. Get your resume updated and exhaust any personal network you have.
If it was me and I rescinded offers this close to start dates I would want to help and offer my personal network so maybe reach out to people on the team you had a relationship with.
Best of luck.
Firm is Crosstree
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