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.

 

Dolorum sunt nemo assumenda magnam eius cum. Magni nam omnis debitis eveniet reprehenderit quis iusto. Non similique beatae autem sed expedita sint eius commodi.

Qui omnis quis velit in qui sapiente voluptatem. Sequi rerum pariatur tempore minus libero consequatur. Inventore neque ipsum minima aut autem. Minus veritatis occaecati ut deserunt itaque officia et.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
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
GameTheory's picture
GameTheory
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...”