Reneging Offer for Med school
Signed a return offer to go back to a EB HC group. I just heard back for Med School and I think I want to go to Med School instead of doing banking. I have no intention of treking the finance realm ever again, but I was wondering will the underclassmen at my school be affected if I choose to renege? I can always ask to take a gap but would prefer to start med school asap.
You're a really good person thinking about the wider community as a whole before committing to an action.
which eb? Think it depends
I think reneging an offer for med school is very different than reneging an offer for a competitor bank. I doubt anyone at the bank will have bitter feelings towards you for going to med school over picking finance.
+1 to this. I would even stay in touch with the EB if I were you. Can easily pivot to HC banking if you realize you do not want to do residency. You may want medicine now but it may change in 4 years.
To be honest, if I were you - I probably would ask the med school to see if you can defer to next year and do 1 year of HC banking. Know a few pre-meds that went into banking and one went to med school (others stayed the finance route, some went into healthcare PE) after about ~2 years on the street while saving aggressively (spent 1-2 years doing medical / healthcare related work that was unrelated to banking after his 2 year analyst stint). He barely took out any loans for med school (100K) and I think he's graduating in a few weeks at ~29/30ish.
I'm just a finance guy, but would advise you not do this. Have a couple friends who either tried to defer acceptances, or took an additional gap year and reapplied (even though they were accepted initially) and they lost the offer in both cases. Med school AdComs are super competitive + sensitive to how "serious" an applicant is, and deferring for any reason other than a death in the family, etc. is extremely risky.
Fair point. You may be right but no harm in politely asking if you're an admit. Heard of those type of stories too and med school adcoms have massive egos so they can definitely screw you over some BS.
So on the second thought, OP - the above poster is probably right but proceed with caution if you do take a chance of asking for a deferment.
Agree. In 2023, do you not even subtly inquire about deferring med school acceptance unless you’re willing to risk it completely.
I do wonder about some of the advice people give here. Out of touch or out of date.
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