Impossible to recruit for TDPs without reneging?
Basically the title, but if you think about it, bp has the sophomore insight thing which potentially (not sure) could fast track interviews, but by the time you are even accepted to the early interest program, you would have had to accept an offer at the BB. If my sources are correct, your junior internship offer for bp would come around winter junior year. Is it structurally impossible to recruit for both without reneging on the bank if you get the BP offer? What would happen at a HYPW if you renege on a FICC offer?
Physical is my main priority but even entering the industry is high risk. What do you guys think.
Based on the most helpful WSO content, reneging on an offer is a highly sensitive and risky move, especially in the finance industry. Here's what you need to consider:
Structural Challenges in Recruiting Timelines:
The accelerated recruiting timelines in banking often create conflicts for candidates exploring multiple opportunities. For example, if you accept a BB offer early and later receive an offer from BP or another firm with a delayed timeline, you may face a dilemma. Structurally, this overlap can make it difficult to pursue both without reneging.
Consequences of Reneging:
Navigating the Situation:
Ultimately, the "grass is greener" mentality can backfire in finance. If you accept an offer, commit to it unless you are absolutely certain reneging is worth the potential fallout.
Sources: Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?, Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?
I'm at a non-target doing the same thing, albeit with an M&A offer. I've found that it's pretty common for TDP candidates to take a sell-side offer and renege for a Physical's spot. There's really nothing inherently wrong with that, you just have to be ok with giving up any junior role at that specific bank.
When I was calling around BP, I found that there are a good number of openings for FT roles in the TDP. Sticking with a sell-side internship and then going FT to the TDP doesn't seem to be that much harder than getting the internship.
Dude mind if I dm you I’m curious about the process
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