Reneging on-cycle PE offer
How much reputational damage is associated with reneging on a PE offer signed during the on-cycle?
Note: Keeping vague for anonymity's sake
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
You probably won't be able to work at firm you reneged on and you may burn bridges with people at that firm. HH that covers the firm likely won't work with you again. Also, you may be viewed as a flight risk by other firms as they may wonder if you'd better deal them down the line. That said, if you think the benefits of the move outweigh the (fairly significant) consequences above then it might make sense. It can make sense in some cases but not a decision you should make flippantly as PE (and financial services in general) is a very small world.
What if you reneged a PE offer for a HF offer in a career pivot? “Realized after on-cycle”
Culpa suscipit iste quas minus et. Reprehenderit non occaecati ut similique consequatur. Aut facilis dolores voluptatem omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...