Renege megafund oncycle for another megafund off cycle
Signed a megafund offer last night that I’m not particularly happy with. Curious how bad it would be to renege for a better megafund offer off cycle. Would the megafund contact the new megafund?
Bump - I want to see this
Your career is over. Sorry man
Why?
Are you that obsessed with prestige? It is basically the same shit. Unless you signed an offer with a strategy you are completely uninterested in (which if thats the case you shouldn't of taken the interview) continueing to interview will provide few benefits and a lot of risk (potentially cutting yourself off completely from many firms since it is a small industry). In 5 years no one is going to ask you why you only worked at Carlyle and not Apollo.
kids this is what happens when you spend too much time on wso
But each MF is a totally differentiated shop where my entire life, and the lives of my great grandchildren, will dramatically change if I choose the wrong one.
Loooool love to see the on cycle misery
Congrats on TPG Healthcare
Why does everyone hate TPG HC? Seems like a good seat
Joking - but it is the sweatiest group in the sweatiest shop.
I have a lot of respect for those guys. 85% IRR on $3.5B is no joke.
Think I know who this is based off the fact that we're a "lower tier" megafund and got a sketchy impression of one of the guys we gave an offer to. Looping in HR
Dont forget to loop in RBC’s HR too
My opinion is just do it. Fuck them. On cycle is a JOKE - recruiting and making kids sign offers 2 years out before they even start their banking job? Fuck the MF's. I hope lots of people renege, it maybe will be a wake up call that they shouldn't do this.
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