If you talked about receiving a return offer when networking, accept the offer due to its deadline, then start interviewing for the firm you networked with and they ask about the offer … do you lie and say you declined it or just tell them you’re reneging for them?
| +267 | Return Rates For Interns Are Falling? | 107 | 7m |
| +111 | I am a drunk MD AMA | 39 | 1d |
| +109 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 10 | 1h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 1d |
| +62 | UBS Offer Day | 23 | 16h |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 4d |
| +40 | WF Return offers | 27 | 11h |
| +39 | I hate Wells Fargo | 6 | 12h |
| +34 | No return offer - feeling like a failure is an understatement | 14 | 18h |
| +30 | Weird Majors->IB ? | 24 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
If the new firm cares about you having reneged and there is a chance the old firm will tell the new firm when you do renege, it is a good idea to tell them. However, some firms don't care and just want the best candidates. If the new firm does ask though, tell them and don't lie. If you think/know the firm won't care, then no need to bring it up.
You should definitely not tell them, reneging is not seen as a good thing but you do have to do what is best for you
I wouldn't saw anything about this, say you got the return (important part) and then steer the conversation away - just say you got a return offer but want to focus on XYZ space instead and ABC firm is of interest. No one is going to ask for details as to whether you accepted or declined it.
And it goes without saying that you should not tell the old firm where you are going, or post it immediately on LinkedIn - wait until you start next summer
They will know you've accepted though, right? No one will believe you actually turned down an offer in this market. And there's no way you've been sitting on an open offer until October either
Lots of people turn down offers they don't want. Also just don't volunteer it, if they push that's one thing but no one cares enough to push
Tell them. It shows that you’re loyal / interested in working for them.
Corrupti dolorum id molestias occaecati voluptatem minima. Non commodi quibusdam cumque corporis quae. Quibusdam consequatur nisi eum accusamus aliquid totam voluptas.
Quia repellendus asperiores saepe quaerat provident. Nihil quo ea aut sit. Vel ut facere rerum dolor eveniet. Non quidem est atque. In veniam totam eaque velit quos alias.
Esse ut et quia debitis eum atque fuga. Laborum nulla non dolores quae magni inventore maxime. Ut ex voluptatibus eligendi assumenda praesentium qui. Ut porro numquam nihil nostrum necessitatibus pariatur.
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...