Accepting two offers?
Say you had two offers… one starting in January 2023 and the other starting in September of that year. One offer is in IB and the other is in Consulting. Could you technically accept both offers, work in IB for 8 months and see if you want to stay there forever? Or is that a terrible idea?
I haven’t interned in any of these areas so I’m having trouble choosing between the two. I’ve done internships on the buy side that I really liked and hope to return to work there some day but I am also very entrepreneurial and am thinking about starting my own company way down the line. Any help is appreciated.
Understand the sentiment, but atrocious idea. I) Risk of either job finding out and destroying credibility for potential references, II) Working in IB for 8 months simply isn't enough - you wouldn't qualify as a lateral hire like those who complete 1-2 years, III) Ethically: someone else could use that offer + you'd be shafting your team at the first place.
Thank you I appreciate the honesty. It’s hard to make a decision but it’s definitely the right thing to do in this case.
What if you get an IB internship offer in April 23 and then a consulting one in September 23? Is reneging fine if you only recruited IB as a hedge?
They won’t like it but it will be okay in the long run. Just make sure you never want to work in IB again because you might have difficulty finding a job at that same firm down the line. Also IB is super competitive right now because they have a hiring freeze so they should be able to find a ton of kids to fill your spot.
I think 8 months is too short a tenure. If we were talking about a year, maybe you can entertain it, but on your resume if you hop to consulting it may look like you couldn't handle IB. On the opposing end, when would you know if you wanted to stay in IB? Reneging the day before you start in your consulting gig is of course going to stain, but it's not so clear how early in advance you can reneg and be 'safe.'
True. I think that’s what I’m worried about - not knowing if I like the job or not until it’s too late.
Technically you could potentially pull it off with some luck but you might get caught up in background checks depending on when they occur. Additionally, it would be pretty painful to work for 8 months in IB and then willingly forfeit your bonus to go into consulting. I think you’re better off choosing one and sticking with it.
I would accept Jan23, tell Sep23 you had to take the earlier offer because of financial constraints (eg loans) and see what they say. They may hold the spot for you, do your best to keep that option. I wouldn’t accept both because they can probably find out. But it would be a non issue if you are honest.
Good idea. The only thing is, if I really like my Jan 23 job, I won’t want to leave it for consulting come September.
I can assure you that whether or not you like the job has anything to do with your long term success or happiness... It's whether or not you like working with your team and you won't know that until you actually work with them.
Accept Jan 23 and tell the Sep 23 one about your situation and if theyre willing to let you do it a few months later
Wow this sounds similar to the predicament I am finding myself in. I have a Sept 2023 start in consulting and a possible June 2023 start at a HF. I have accepted the Consulting offer just to secure something but will possibly renege and go to the HF pending the job offer letter. Nonetheless, good luck to you.
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