How to decline previously accepted offer in best way?
I did an internship with one of the US BBs and received a full-time offer, which I accepted. However, I have now received a more attractive offer and thus need to let the place I worked at know I will no longer be joining them. One of the seniors in the team really pushed for me in terms of networking before internship, was very helpful during internship and also pushed for me to get FT in his team.
Would it be most appropriate to give him a call or send him an email? Or should I just send an email to HR / the staffer? Obviously, they will have no issues replacing me with someone else so I doubt that this will be a problem for them, but I just want to maintain a good relationship with them.
Thanks in advance for any advice.
https://www.wallstreetoasis.com/forum/job-search/7-tips-on-reneging
Reach out to your guy first, through the most appropriate channel based on your relationship to him. He probably won’t give a shit, but it’s better he hear it from you first. He might be a little sour about it, but if he’s a nice guy he will understand.
However, you should know that this could significantly impact his and other MDs ability to vouch for kids out of your school though. Your relationship with the bank will probably be dead for the future. You can go about it as respectfully as you want, but there are 100k kids that want the same job that would shine HRs shoes. So make sure you’re comfortable with that.
Lastly, kind of my opinion that in this market you have to do what’s best for you. They wouldn’t think twice about denying your application or rescinding your offer. Frankly, they’ll go get 10 other kids that want the job and it’ll be fine.
Go get yours brother, cheers and good luck!
What kind of offer did you manage to get this late into the recruiting cycle for FT? If it's PE, try to see if you can push it back a year. BB IB provides a better training program than the PE firms and allows for more optionality + means you aren't ruining your relationship with a senior who can be a strong relationship throughout your career.
Far superior advice to my gung ho response. Would probably say do this, especially if it’s a PE offer.
Also, if its BB vs BB, and the one offer is accepted and the other isn’t. Wouldn’t it be best to just stick with the original offer and not alienate the bank?
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