Dropping out of superday after accepting another offer?
I had a super day at Fund A today, and it's possible I receive an exploding offer tomorrow or Wednesday. I also have a super day scheduled at Fund B on Thursday which is all scheduled and ready.
That said, if I receive an exploding offer at Fund A I would accept it but, what's the best course of action with Fund B? How bad of a look is it to cancel that super day because I accepted the exploding offer? Fund B's Headhunter was aware that I had this timing pressure though was not able to accelerate.
I'd appreciate any advice on how to most gracefully handle the above while burning the least amount of bridges (assuming I get the offer at Fund A). Would it be better to just go to Fund B's super day anyway or is that being dishonest?
Normally I'd want to drop out, but I just don't want to look bad doing so given it would be like a day before the super day, and they paid for a hotel and flights already
Based on the most helpful WSO content, here's how you can handle this situation gracefully:
Communicate Promptly and Professionally: If you receive and accept the exploding offer from Fund A, inform Fund B as soon as possible. Reach out to the headhunter or HR contact at Fund B and explain the situation. Be honest but tactful, emphasizing that the timing pressure from Fund A left you with no choice but to accept their offer.
Acknowledge Their Efforts: Express gratitude for the opportunity and the resources Fund B has invested in your candidacy (e.g., flights, hotel). Apologize sincerely for the inconvenience caused by your withdrawal.
Frame It Positively: Highlight that you were genuinely excited about the opportunity at Fund B but had to make a difficult decision due to the circumstances. This shows respect for their process and avoids burning bridges.
Avoid Attending Dishonestly: Going to Fund B's super day after accepting Fund A's offer would be seen as dishonest and could harm your reputation. It's better to withdraw gracefully than to risk being perceived as untrustworthy.
Leverage the Headhunter: Since the headhunter was aware of the timing pressure, they can help mediate the situation and communicate your decision to Fund B in a way that minimizes any potential fallout.
By handling this with transparency and professionalism, you can mitigate the risk of damaging relationships with Fund B while honoring your commitment to Fund A.
Sources: https://www.wallstreetoasis.com/forum/private-equity/a-guide-on-how-to-navigate-on-cycle-pe-recruiting?customgpt=1, How to Stall Exploding PE Offer, Please help! Renegging on an offer and boss threatening to cancel me, IB Superday Waitlist Followup
Bump
If you get the offer before you leave for the airport, you can cancel. It's not great, but it's not the end of the world. Do not get onto the plane, check into the hotel and then cancel - that is the only thing that will really piss people off
If you go, I would not actually accept the offer until you are done with the interviews. Just impolite to accept something and then waste people's times interviewing
Firms that give extremely short exploding offers are honestly a huge red flag. Hopefully they give you at least until the end of the week so you can go do your superday and not burn any bridges.
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