One is at a lower tier bb not in NYC (the city I wanted). I liked the people and alumni helped me get it even though I was in the non target group (they are hoping our uni becomes are target soon). I accepted the offer partially because it was nice to know what I was doing and knowing I would be making good money. I recently got a commodity trading internship at an ABCD and am more interested in trading that IB now. That being said, I'm not sure if the internship is a direct pipeline to FT like IB internships are. I really want a life outside of work and IB would not allow that, but I also don't want to screw over people at my university by reneging on an offer. Any advice would be appreciated thanks.
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You already accepted your offer. Think about the repercussions of reneging especially since you have connections within the firm.
I didn't have connections previously, they were just super helpful to all students from my uni (I didn't network with them before). The main reason I accepted was the fact that you really don't have time to think about other options (since I didn't have any) and I thought it would be dumb to turn down a job without a backup. I really don't want to burn bridges, but honestly don't want to be a working those hours in something that isn't the most interesting to me.
Agreed. Kind of was in a similar situation before, and reneging is the worst possible option (and many people I talked to in the industry agree)
If you back out of the offer you've already signed you'll have burned the bridge with that firm as well as the whatever relationship you had with whoever got you that offer. Think really long and carefully about what that means for the longevity of your career in finance. Also, why the fuck would you turn down a FT offer for an internship at a commodity trading firm? Would you honestly rather be trading soybean and lumber than being a banker?
Not sure if IB is interesting anymore. My bschool pushes IB and I followed the flow knowing it is a good career. When you have a few hours to accept an offer, it makes it hard to say no.
Don't renege, especially with having alumni help you out to get it. You'll burn bridges. IMO trading is not an expanding industry anyways.
Incredibly douchey to go back on an offer especially if people had to pull strings for you.
to be clear, they didn't pull strings for me. Our investing club sent out a resume book and they selected students to interview. They were extremely helpful throughout the process, but for all the students from my school they selected. I got the offer and was backed by the alumni, but it wasn't like I had previous connections with them.
The defensive stance that op took in response to every single comment seems to suggest that he’s just looking for the community to give him reasons that would justify reneging the offer.
Take the FT offer you accepted over the internship.
thanks I probably should have been clear. They're both internship offers. I was just trying to emphasize that the commodity trading role doesn't have a FT pipeline like IB
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