URGENT: I have one day to accept a Big4 Valuations offer, but I just got a call from a top BB.
This is my situation.
I interviewed with the Corporate Finance division of a Big 4 company to join their valuations team immediately. This would be for a FT job, I passed the interviews and they made me an offer. They gave me 5 days to think about it and reply, as they require me to join the team immediately. I only have 2 days left to reply.
However, I applied to several off-cycle internships at BB a few months ago, and one top tier firm (GS, JPM, MS) just called me today to invite me to the first round of interviews.
Working in IB has always been my dream, and between working in the valuations team of a Big4, and working in IBD in a BB, I would go for the second all the times.
But I am already graduated, I have been jobless for 2 months already, and I want to secure a job.
The problem is that if I join the Big4, I don't know how I am going to attend the last rounds for the BB position, so probably I will have to give up my dream.
What would you guys do?
Personal opinion but...a bird in the hand is worth more than two in the bush. Plus, you have an FT offer on the table right now and there is no guarantee that the internship would convert to FT (assuming you pass the interviews). I think spending 12-18 months at a Big 4's valuation team can also provide solid experience to then pivot to a FT role at a BB's IBD. I would take the Big 4 exploding offer.
You accept the offer and if you get a BB internship you go for it. At the end, you need to think about yourself. I am always surprised about people who are against rescinding offers. Those mega firms wont think twice if they have to let you go within 2 weeks of your start. Also, let's not kid ourselves, any people in those valuation teams would have done the same thing
Hard agree in this case. It's not like this even reneging on a banking offer with a possibility of one group knowing the other. Or reneging while in school and it hurting the university (which is pretty low downside). The risk reward analysis is pretty easy here.
Dude, take the offer from Big 4 AND sit the interview. If you get the BB offer, being blackballed from Big 4 isn't going to ruin your life. What, you're going to give up on your future ambitions on creating charts for QoEs if you get into IB?
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