Reneging on job offer (MBA summer)
I am in my 1st year at an MBA business schools<br /> ">M7 MBA. Created an account to ask this, but does anyone have any first (or even secondhand) knowledge of reneging on a summer MBA internship offer? I accepted a position with a top tier firm (via OCR), but recently received an offer (off-campus, self-sourced) from a small tech company which is much closer to my long-term goal (they just took forever in determining if they were going to bring an MBA on this summer). I am aware I risk losing OCR for next year if I do this, but how bad / damaging is this?
Honestly, the main reason I wouldnt do this is the damage it would do to your school and hence your classmates. Its very likely the firm you renege on will take it out on your school in OCR next year. Also personally I think itshighly unethical to do this. Your signature should be your bond.
One example: a few years ago a large company that recruits at Wharton was banned from OCR for 2 years after they withdrew a summer offer. It wouldnt shock me to see this work the other way around.
Yes, you will be banned from OCI. Yes, you will have to meet with schools recruiters. Yes, you will get heckled by administration. Maybe school gets hurt by it next year.
That said, you came to b school to achieve your goals. Are you making a d bag move by reneging, especially at a b school level. Yes. But sometimes that's what it takes.
Do you. Congrats.
Would note though you could always go for summer and recruit tech full time, especially if you are worried about conversion for a company that isn't even sure about an intern program.
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