Contract Cancel - Recruitment season passed
Fellow Monkeys
Created a dilemma for myself. Recruitment season passed and I accepted an offer in S&T from a firm. Good firm, reputable, however, not my first choice.
My first choice was in IB with a firm that was much larger and much more respected at the time. I was denied my first choice. However, a recruiter from IB contacted me and said that a different group under the same department has an analyst opening.
As of right now I have chosen to interview again with the firm that is my first choice.
My dilemma:
1) I accepted the first firm's offer in Dec. 09.
2) I have no idea if I am allowed to renege on my contract?
3) My first choice firm, would offer more money as a first year analyst
4) How badly am I burning bridges with the first firm, if I get an offer from my first choice, and call up HR at the firm which I accepted and told them that I will no longer be able to be a part of the analyst class?
Any ideas would be a huge help, as I am pretty much freaking out that I could be making a wrong career choice or I might stuck in the first choice that I made.
What will you think if you are HR at the first firm? HR: This kid played with us. WTF! Here are my points 1. Your reputation is also important! WallStreet is a small place. 2. Given that you have signed contract with the first firm, I think you will defn piss off the first firm if you don't go with them.
I think firms have more things to do than focusing on revenging against some 22 yr old kid who decided to renege
Interview with the 1st choice and renege if you get it?
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