Can offer be rescinded if you don't complete one of your majors?
Alright, so I received an offer contingent upon background check, but the truth is that since the time when I initially began my application for this position, I've realized that I won't be able to complete one of my 2 majors after all while graduating on time (only Physics complete, not Economics). Will this cause my offer to be rescinded? The position is in tech consulting, by the way.
Also curious.
This is probably a better question to ask your HR recruiter. They can give you more specific insight to your situation.
The background check verifies what you have told the company is the truth, employment history, criminal history, financial concerns, etc. (I am assuming that this is a general background check, and not a security clearance for federal work). I would not imagine that your offer would be rescinded by failure to complete one of two majors. So long as you still meet the requirements upon graduation for the position and obtain your degree/diploma.
Are you planning to take an additional semester and finish your econ degree? If you are, I could see the company rescinding the offer as they would not want to wait a semester for your to finish when they already have you planned for the books.
Is this for a FT or an internship?
Depends - lying on your application isn't exactly okay, but most people understand that plans change. Be sure to have an explanation ready though. And even best case, it still looks like you lack attention to detail, so you'll want to have an explanation for that too...
dropping double major after offer (Originally Posted: 04/02/2007)
I have a BB IBD internship coming up this summer. Basically I was planning to complete a double major in Engineering and Econ this entire time. Now i realized that all of my classes, from now to the end of senior year, will be filled with engineering and econ classes. While I really want to go with my plan, I am just wondering if it would make a huge difference to drop the Econ major to a minor. That will really free up at least 3 classes so I can take some courses outside of my major. Would it be a big deal to the bank? After all, I just want to relax a bit.. and engineering is already tough..
Please share your thoughts; thanks!
Ditto, also looking for similar advice. Thinking of dropping from double to single after I've gotten the offer. Obviously, there's a menagerie of ways I can spin this which I think will be bullet-proof.
Will this piss off the HR gurlies if I drop a major, even though I've got a legion of rationales that (which sound great) which I can pitch to them?
i dont think they will care. saying your GPA was a 3.7 when it was really a 3.4 would make them pull your offer, but nothing as small as changing/resizing a field of concentration
its fine, unless you were doing math+psych and decided to drop the math, they are not going to care
Even then, they probably wouldn't care. As long as you got the offer, you've proven you can do the work and should be fine.
Changing Majors after offer (Originally Posted: 09/24/2014)
Will it be a big problem if I change my major from the one listed on my resume once I've accepted an offer at a BB? The problem is that I have an unaccommodating professor (I'm at a non-target school) who refuses to be flexible with exam schedules despite all the interviews/superdays i have to attend this week and until mid-October.
Change your major? Why not just drop that class?
delete
The class is a requirement for a second major that I'm pursuing (economics). I thought that it might help in landing interviews considering my primary major is something completely unrelated to finance. Also, this is assuming I get an offer from at least one of the banks I'm interviewing at.
Can you withdraw and take it next semester, or do you need to complete it this semester? If you have an offer next semester, you'll probably have enough time to take that larger course-load with the class you withdrew from in it.
I could withdraw and re-take it next semester assuming that they offer it then. On a side note, another professor said that he won't be flexible with exam schedule even though I have a final round then - shit you go through at non-targets...
Fuck that prof. Go to your school/Faculty's Dean or whoever the top dog is and demand that you be accommodated. Keep pushing. Be all like "I think it's highly unfortunate that I'm trying really hard to seek gainful employment in a highly competitive industry relevant to my degree, so I can be a contributing member of society after I graduate. However, Professor Asshole is being a dick-wad about it".
If that person doesn't, that's majorly fucked up. Stupid non-targets.
Dropping major after SA offer (Originally Posted: 01/22/2014)
So Currently a junior at a top 15 yet non-target and just landed an internship with a BB in S&T. Currently an econ and statistics double major but seriously considering dropping stats because I hate it and have no idea whats going on, its all theory and proofs and shit. The only reason I've made it this far is because I just memorize how to do practice exams and coast with B to B+'s. Any reason to continue the double major / will it be an issue with HR?
Don't drop your stats major...you will regret it. Trust me. If you get B's for the duration of your major, nobody will care.
Why will he regret it exactly? If you don't feel you're learning anything and just memorizing stuff for the sake of getting the mark, then surely it is quite pointless. Not to mention I doubt the OP will be going after quant roles where a strong mathematical/stats background is required. Economics itself has enough stats/maths as it is for most non-quant roles in finance.
How many courses do you still need to fulfil the major requirements?
Will have to take 6 classes over the 4 remaining, if I dropped it I could potentially be a part time student my last 2 quarters and save about 12k and be able to chill my senior year.. I'm less concerned about future quant roles and more concerned with hr at the bb to be honest
You probably got that job because of your Stat's major.
Drop it after your summer internship is over and you've signed the full time offer. Convert it to a minor if that's doable and makes you feel better.
that's probably the best option and what I'll do, I'm just tired of these problem sets which take 4-5 hours of work
can I short your career? lol....
Even on the exotic credit derivatives desk I sat on, it seems that traders just plug numbers into the models given to them by quants and aren't doing anything beyond arithmetic, and as long as you're somewhat decent at math you should be fine
Definitely do not drop it right now, and most likely you should not drop it in the future. Having that on your resume is most certainly a big factor into why you got the spot (at least why you got first round interviews), and changing that not only looks shady, but could definitely result in more headaches than it is worth. If you don't get accepted for full time, not having that on your resume takes away your edge in recruiting, and if you do get the full time offer, then maybe I would consider speaking with the company to feel them out on it. Definitely do not drop it before you have FT.
Dude, for the time being, don't take anymore Stat classes and leave the major declared until you sign a fulltime offer, that way it stays on your transcript. Seriously, no one really gives a shit about what you majored in after you work for them for 10 weeks. If they give you an offer, its because they saw something in you beyond you just being a stats major and at that point dropping a double major isn't going to matter to HR, your desk, the firm, or anyone for that matter. Many people, especially salesman and traders, would understand dropping a second major to chill during your senior year after you have a full time job
Any risk of rescinded offer from not completing minor / double major? (Originally Posted: 12/12/2012)
On my resume, I wrote that I was getting a minor / double major as that was what I intended at the time. Now that it is my final semester, I don't really want to take the several additional classes needed to complete it. Is there any danger in doing this? I'm thinking no, as I assume the offer (IBD) isn't contingent on completing the second degree / minor, only graduating (target business school), and the minor was not a talking point during the interviews. Also, I have seen many people do the same (not complete the degrees listed on their resume).
Still, I want to be safe...thoughts?
You are not completing your 2nd major AND your minor? Probably won't get an offer rescinded, but sounds pretty lazy.
Sorry, meant double major OR minor. And yes, obviously a big element is senior year laziness.
just call hr and ask
Wouldn't calling hr just bring attention to it?
.
No, it won't rescind it. They don't care. When you get an offer letter it has some stipulations: "Upon successful completion of degree" "after passing a background check", but "completing minor" isn't one of them
dropping double major after offer (Originally Posted: 04/02/2007)
I have a BB IBD internship coming up this summer. Basically I was planning to complete a double major in Engineering and Econ this entire time. Now i realized that all of my classes, from now to the end of senior year, will be filled with engineering and econ classes. While I really want to go with my plan, I am just wondering if it would make a huge difference to drop the Econ major to a minor. That will really free up at least 3 classes so I can take some courses outside of my major. Would it be a big deal to the bank? After all, I just want to relax a bit.. and engineering is already tough..
Please share your thoughts; thanks!
Changing Majors after offer (Originally Posted: 09/24/2014)
Will it be a big problem if I change my major from the one listed on my resume once I've accepted an offer at a BB? The problem is that I have an unaccommodating professor (I'm at a non-target school) who refuses to be flexible with exam schedules despite all the interviews/superdays i have to attend this week and until mid-October.
Dropping major after SA offer (Originally Posted: 01/22/2014)
So Currently a junior at a top 15 yet non-target and just landed an internship with a BB in S&T. Currently an econ and statistics double major but seriously considering dropping stats because I hate it and have no idea whats going on, its all theory and proofs and shit. The only reason I've made it this far is because I just memorize how to do practice exams and coast with B to B+'s. Any reason to continue the double major / will it be an issue with HR?
Any risk of rescinded offer from not completing minor / double major? (Originally Posted: 12/12/2012)
On my resume, I wrote that I was getting a minor / double major as that was what I intended at the time. Now that it is my final semester, I don't really want to take the several additional classes needed to complete it. Is there any danger in doing this? I'm thinking no, as I assume the offer (IBD) isn't contingent on completing the second degree / minor, only graduating (target business school), and the minor was not a talking point during the interviews. Also, I have seen many people do the same (not complete the degrees listed on their resume).
Still, I want to be safe...thoughts?
Telling employer I dropped a major (Originally Posted: 02/04/2011)
I'm a Junior with a double major...finn/econ. What if towards the end of my internship I tell HR/MD that I will not pursue a degree in finance and just a econ degree? What if do this after getting a full-time offer and accepting? I'm asking because I could graduate early or take 2/3 class per semester my senior year.
Why do you feel the need to tell them? Just get the offer, sign it, and shut the hell up.
This. Will not hurt you in the slightest.
So is this ok?
I'd say honesty is the best policy. Your employer might ask you to show proof of graduation and it will be messy if you don't have your intended major on your diploma.
If i were you, I wouldn't drop that major just to save on the hassle.
Tell them after you get the offer.
even if you have your diploma usually only states one of the majors-- finance or econ-- in a double major vs a double degree where youd have both
would it screw me up in the long-run if i didn't have a finance major? business school opps? PE/VC?
i've completed most of the finn courses and only have retarded business core courses that i need to take for my finn major. i feel that this material in these finance/business classes is something i could pick up at work. if i drop the major i would take some interesting classes (maybe progamming or web development) and maybe work on starting a small business that i could launch before i graduate.
No, honestly past your first few jobs (maybe even just first job), degrees really don't matter anymore. It's all about the experience and being able to use real-life examples.
If you only have a few courses left, just finish it out, you've already come this far.
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