Reneging if Job Offer Changes

How frowned upon / bad for my reputation would it be for me to renege from an offer, given a situation where: significant personnel changes were made shortly after I accepted my offer, and the position that I was slated to take up may not exist anymore?

I interned there last summer and committed to return before I heard about this major shake-up. Though I've been assured that my internship would be in the front office regardless of how the restructuring ends up, I'm just worried about being pushed into an unknown (crappy) role.

If all else were equal (i.e. I had not accepted the offer), I would jump ship for another offer.

The employer in question is a boutique i-bank in Chicago, but has some senior guys who were ex-BB / New York-heavy.

What do you guys think? Are my concerns a legitimate excuse? Would reneging hurt my future career outlook?

4 Comments
 

Firstly, do you have another job? If you don't, I would say start looking for work. If you do have another job standing, I think you should explain the situation to the other company very thoroughly. It's not fair to you, and the other company should be sympathetic.

But don't take my word, I need someone else to back me up on this.

--Death, lighter than a feather; duty, heavier than a mountain
 
brokencircle13Firstly, do you have another job? If you don't, I would say start looking for work. If you do have another job standing, I think you should explain the situation to the other company very thoroughly. It's not fair to you, and the other company should be sympathetic.

But don't take my word, I need someone else to back me up on this.

I'm in the process of going through a few second rounds, which is why this thought came up. If my prior commitment were a non-issue, I would take any of them over my current accepted offer.

 

Rerum possimus vel amet aut iure. Cumque earum veritatis quia aut unde sint. Est natus voluptates incidunt illo. Labore dolorem soluta beatae expedita eum dolores sed. Expedita ut eum asperiores sequi itaque et. Aut et est velit eaque impedit cumque. Assumenda esse expedita ducimus voluptatem accusamus eos. Aut voluptatum blanditiis reiciendis ipsum natus.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
numi's picture
numi
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...”