Why would they care?

Came across a thread on someone contemplating to renege. Lots of folk saying he might lose the the other offer if they find out he reneged on the first.

I cannot believe that is a an actual risk.

First - why would a firm care if you reneged on an offer to come there? You have the right as an employee to quit before the start of your work. In fact you haven’t ‘reneged’, you have resigned.

Second - they need a reason for terminating you. At least in most jurisdictions. The fact that you have RESIGNED at a former firm is not a viable cause for termination.

Am I missing something? Sounds like a load of bull crap that folks have lost offers due to reneging on others

2 Comments
 

First of all, at least I’m the US they do not need a reason for termination. At will employment means they can fire you for no reason at all

Secondly, most people don’t care too much but the reason they would care is because the old firm would feel slighted and if they want to keep a good relationship with the old firm it’s a lot easier to get rid of an intern just to make another firm happy than to tarnish your relationships with other firms

 
Most Helpful

Quidem voluptatum aut ut maiores reprehenderit voluptatem. Repellendus praesentium perferendis eveniet pariatur quo. Dolorem sed explicabo et molestiae consectetur in. Molestias odit dolorem facilis facilis et suscipit blanditiis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”