How binding is signing a return offer
I received a full-time offer after completing my summer internship in a BB/EB (London).
I think I have roughly 2/3 weeks to sign it; I am wondering how binding this offer is.
Can I sign it and then renege on it without consequence?
I am not sure if I want to do IB full-time. I am considering looking into trading, and if I stick with IB, I might want to look at other banks for FT. Hence my question.
You should be able to get away with it but there’s always a risk about a bank talking to another and you losing both offers. The story of moving will be easier if you’re moving out of IB and you can tell them that, so if you’re planning on moving into some other field it shouldn’t be a problem at all.
If it’s in IB though if you’re at an EB/BB unless it’s a serious cultural problem I don’t think the trouble of reneging for a slightly better name is worth it at all
Also interested in this as I have signed my FT contract with a BB but am likely to switch to another industry for FT. I doubt anyone will be keeping track of your LinkedIn for 6+ months and call up your new place. You're just an intern who is going to turn analyst. They haven't invested any real resources / training in you yet and you are extremely replaceable. Even if they did call up your new place, I doubt the new place would be like "Oh really, he cancelled his contract with you guys? No way! Let us go fire him instantly".
What industry, out of interest?
Consulting. Was not a huge fan of working 100-hour weeks doing braindead stuff like switching up the peer groups 49 times within 3 days ahead of an early-stage internal meeting or spending time perfecting an 80-page deck before even checking what the MD wants in the deck.
You are an at will employee. You can leave at anytime for any reason. Your employer can fire you at any time for any reason.
Love you bro
Love you too broski. I should be back in NYC soon... I'll text you in a few weeks...
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