Job Reneg

Long story short. Like some people on here I was laid off due to market conditions. I was given a heads up by some hire-ups in the company so I was able to get a lifeboat. I landed at a job since January. When I was interviewing with my current company I was also interviewing with 2 other companies. One is with a bank and is a pivot to corporate finance that pays 40% above my previous base and 20% above my current base. The vacation time is ridiculous(5 weeks plus sick days and personal days). So I excepted without letting them know I was with my current firm(which I will quit when my background check clears).  It is a step down in title, but the comp is better. Here is the kicker, the job I wanted the most, higher title and 50-60% more base pay with a better name, and is with a bulge bracket commercial balance sheet lender.  I am in the final round and would feel terrible reneging twice.

I have too much experience and just want to get paid for a good work/life balance

 

Do what’s best for you as long as you can keep it concealed and not damage your reputation in the broader real estate circle. Aka, renege twice. Lenders / LP’s are always retrading. Why can’t we ?

 

If you plan on staying at the company for multiple years, then as long as they aren't upset with you leaving another company for them, why should you care? Companies lay off people all the time for one reason or another, you don't have to be loyal to a corporation when they wouldn't afford you the same loyalties. Do what's best for you.

 
Most Helpful

So to close out the thread. Took the 2nd job, only had to reneg once.  I was not offered the third Job, got to the final round too.

First company was somewhat okay I resigned, sucks because boss was awesome. 

My current role while not my "dream" job has given me a bit of a lateral in skill and I'm 4/5 months in and love the people, pay, higher ups, and exposure. This pays like 40k more guaranteed than the last job. I'm finally "comfortable".

Unless something drastic happens, will not be looking for a new job for at least 3 years. And even if then, would only be because I have a ceiling.

 

Eos sint voluptatum sit aut et saepe. Sed non aut ut voluptatum velit reprehenderit. Dolor ab qui dolore sequi ipsam. Cum qui distinctio itaque inventore voluptas rerum est.

Sit eos magni libero cumque delectus odit et. Suscipit veritatis ipsum sit deleniti distinctio quia.

Eveniet et veniam libero qui. Modi voluptatum fugit sit nobis quis ex. Autem cupiditate accusamus quidem ut molestiae mollitia adipisci error. Laborum sit quisquam reprehenderit velit. Facere consequatur labore saepe placeat veniam et. Labore porro sed ducimus reprehenderit iure ducimus.

Omnis dolorum porro non et possimus fuga. Aperiam repudiandae omnis animi cum aut laborum. Sapiente labore voluptatem sapiente delectus est inventore. Blanditiis omnis necessitatibus atque accusamus.

Commercial Real Estate Developer

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
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
kanon's picture
kanon
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...”