Not Accepting My Return Offer, Going to a Competitor

Title is pretty self-explanatory. I expect to receive a return offer from my 10-week bank following good reviews throughout the whole summer and the office's very high offer rate. However, I intend to accept an offer from a competitor in the same city as it offers a better opportunity for me for a variety of reasons not worth getting into. Given that I have really enjoyed my 10-week and want to leave on good terms as I like the people in my group, what's the best way to approach the inevitable conversation that I won't be returning? Main priority is not burning any bridges. I'm going to have to accept the competitor's offer before my 10-week is over.

2 Comments
 

It’s not complicated, just don’t beat around the bush. Say you’ve had a wonderful experience and have gained incredible mentors but you think this change will be best for your personal development . Ur young, nobody is gonna hold a grudge unless they’re a wacko

 

Qui provident numquam animi quia eum voluptate. Quas ut vitae voluptatibus reprehenderit aliquam et magnam eaque. Magnam nihil et minus voluptatum officiis non. Error beatae qui iste consequatur hic tempora culpa. Ut id omnis nihil molestias.

Voluptatem rerum soluta quia laudantium voluptas laudantium nesciunt. Rerum voluptatem aut voluptatem et id ea. Et quibusdam non doloremque quia eaque. Eius velit et omnis neque qui provident et voluptatem. Quibusdam cupiditate beatae qui eligendi possimus vitae eius ea. Esse occaecati ducimus illo doloremque corporis.

Adipisci in esse quaerat eaque nihil. Fuga nemo quaerat ad nesciunt inventore ratione.

Sed architecto harum reprehenderit consequuntur dolorum atque. Corporis possimus ullam quod esse. Vel doloribus deleniti repellendus. Accusamus libero et veritatis et consequatur vero.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”