Applying to other jobs before FT Start
Currently an incoming CIB an1 in a suboptimal group in a west-coast city. Recently saw an opening in a great group and in my dream city so I was wondering if this move is recommended, and if so, how I should navigate the reneg? Would I tell prospective employer that I already accepted an offer? Or do I run the risk of them telling my incoming employer and getting my offer rescinded? Any help would be greatly appreciated.
Based on the most helpful WSO content, navigating a situation where you're considering reneging on an accepted offer for a more desirable opportunity requires careful consideration and tact. Here are some tips that might help you in this scenario:
Be Discreet: If you've already accepted an offer but are considering another opportunity, it's important to be selective and discreet in your applications. You don't want word to get back to your current employer that you're looking elsewhere.
Research Connections: Before interviewing with the new company, do your research to ensure they don't have connections with your current employer. The finance industry can be surprisingly small, and word can travel fast.
Consider Timing: If you decide to proceed with the new opportunity, consider the timing of when to inform your prospective employer about your current situation. It's a delicate balance between being transparent and protecting your existing offer.
Seek Confirmation: Before making any moves, ensure that your new job is firm. You'll want a formal offer letter, signed by both parties, and confirmation from HR that the position is final before you consider reneging on your current offer.
Professionalism: If you do decide to renege on your accepted offer, handle the situation professionally. Be honest with your current employer about the situation, but only after you have secured your new position.
Evaluate Risks: Understand that reneging on an offer can burn bridges and may affect your reputation in the industry. Weigh the long-term benefits and risks before making a decision.
Consult Others: It might be beneficial to seek advice from mentors or trusted individuals in the industry who can provide you with a more personalized perspective.
Remember, every situation is unique, and these tips are general guidelines. It's crucial to evaluate your specific circumstances and proceed with caution.
Sources: Quitting time - views on how to leave your job, 7 Tips on Reneging, 7 Tips on Reneging, When should a rising senior start applying for full time jobs?, Way too early for a promotion? - Advice
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