Offer Got Rescinded. Desperately Need Advice
Hi everyone,
As the title suggested, I got my offer rescinded for next year's SA at a reputable bank. I worked my ass off during this cycle to land an offer and I'm really grateful for the tremendous help the WSO community has provided me throughout the process. But I really need some advice from you guys on how to navigate the situation at this point.
I signed the offer around 3-4 weeks ago. I've been enjoying my post-recruiting college life with no communication from the firm since then. But recently I got an email from hr saying that my offer was rescinded due to a change in "Human Resource strategies." And I just fell into a complete panic because I never thought this type of thing would ever happen to me. The feeling of losing a job as a sophomore in college just gives me the worst sense of insecurity possible. I have zero clue how I should approach the situation since most firms are done with their recruiting process. I let go of the superdays at other firms in the past few weeks because I already signed at this firm and now I just feel betrayed.
Obviously I'll do whatever it takes, as I have been doing for the past year, to get another offer for next year, but to be completely honest, the chances are slim and it's definitely an uphill battle at this point. So I'm wondering if there's anything I can do right now to best position myself to get back on track. Thank you guys so much!
Wtf what firm is this?!
Don’t turn this thread into everyone asking for the name of the firm and nobody giving any real advice.
To start, reach out to the junior bankers you interviewed with at the firms you declined super days (not HR). Explain the situation and see if their process is still on going and try to interview. You’ll be in the same position if you don’t reach out so I don’t think you have anything to lose.
Fuck you, of course we should get to know what firm this is so we can avoid it? What is wrong with you? This is how the industry gets away with shit like this, because no one is transparent over which firm is screwing them over.
Where’s your post offering help or even just a little advice to OP if being screwed over is such a big concern to you. Fuck off leech
They're rescinding SA's for NEXT YEAR already?
Chin up man, just get back on the grind you got this.
I do not understand for the life of me why these posts never mention the bank - why are you protecting them if they threw you under the bus?
If they promised you some sort of "severance" to not badmouth the bank how would they even possibly know you specifically posted here?
It’s kinda a prisoner’s dilemma. You don’t know if you’re a one-off (unlikely) or if there were others who also got offers rescinded.
If it’s the latter, then yeah it makes complete sense to name drop if there were like 10+ others. If the former, it could be reputationally harmful. Even if you’re justified and the firm that rescinded the offer is full of slimeballs, people on the Street tend not to like badmouths (even if it’s justified). Ergo if they know it was you it could hurt you.
Sharing the name is an asymmetric bet where you have no upside and lots of potential downside. And as a final point, I’m not sure that naming and shaming is going to have any material impact on the talent pipeline of future interns. There are always going to be starry-eyed hungry college students.
Sounds like FT partners
no one cares until you name the bank