Is it okay to continue to go to interviews with other banks after accepting and signing a contract with a BB?
People do it, but it is definitely frowned upon.
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It's a bit of a douche thing to do if you have no intention of proceeding with the application process past an offer stage. There are other candidates who's spaces you are taking up.
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Asatar:It's a bit of a douche thing to do if you have no intention of proceeding with the application process past an offer stage. There are other candidates who's spaces you are taking up.
imo, I think this type of argument is flawed. These banks have a certain number of slots that they are trying to fill and if they feel that they need to interview more people, they will, regardless of what OP does.
I know of a bank that, if they find out you are still interviewing after you accepted their offer, will rescind their offer AND call the other bank and tell them you had already accepted an offer.
Interviewing After Accepting Offer - Is It Worth It? (Originally Posted: 09/20/2014)
If I have accepted an offer from a big investment bank in New York, but I am currently interviewing with some consulting firms.
My question to you guys is, what are the risks I am running?
Will the bank find out? should I be honest with the consulting firms about having accepted the offer?
Thank you any input is appreciated!
MFFL:I know of a bank that, if they find out you are still interviewing after you accepted their offer, will rescind their offer AND call the other bank and tell them you had already accepted an offer.
Damn lol had no idea a bank would go out of its way to do this
regardless, i would be scared shitless to interview after i accepted my offer for this reason above, another reason being finance is very small and many people know people in other firms and can check if you've signed/reneged and looks bad to your name
and for my own conscious, its pretty inconsiderate knowing that other aspiring monkeys would kill for that interview when you already have an offer. think of others before you do this. and if you already got an offer, congrats
I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought- GG
Not sure how relevant, but might be helpful.
I mean, why would you do that? There was another person who made a thread like this and everyone shit on him for it to.
Dangers of Applying to Other Jobs After Accepting FT Offer (Originally Posted: 10/08/2009)
After an SA stint, I accepted my exploding BB IBD offer last month. I'm back in school now and there are megafund PE analyst postings up. I know my chances are slim, but what's the harm in applying?
Is there a danger of the megafund seeing my summer firm and contacting them? I'm scared of getting my original offer rescinded if they find out I'm interviewing. I would only reneg if I got the offer but don't want to lose both. Thoughts?
...but I have heard of some PE funds not informing you of finding out that you have accepted another offer, inviting you to an in-office interview and inviting HR from the bank where you accepted and bringing in all the fund partners to watch as the HR women cane you. They then sodomize you with your offer letter.
You'll be fine.
MonkeyMath:...but I have heard of some PE funds not informing you of finding out that you have accepted another offer, inviting you to an in-office interview and inviting HR from the bank where you accepted and bringing in all the fund partners to watch as the HR women cane you. They then sodomize you with your offer letter.You'll be fine.
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That was hilarious. I interviewed at a ton of places...granted I didn't accept an offer, but the bank that I worked out as a SA was surprised when they found out that I wouldn't be accepting. Places don't contact where you summered. If you had an offer and didn't accept that would make you look bad to the place that you summered at, and no firm would do that to you intentionally.
There are only two exceptions to firms not contacting your summer internship firm:
1) Someone on the recruiting staff knows someone at the firm as a friend and checks up on you
2) Occasionally, references are asked for, and they sometimes do follow-up on that. This is extremely rare though, and I only know of it happening for certain PE/HF jobs. Most of the time when they ask for references, they only follow up before you start employment and just make sure you actually worked there.
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You should not try... As usual, that's when you get a FT offer that you get even more interesting offers. Be happy with what you have and stick to it rather than trying to have one's finger in one more pie.
Camondo:You should not try... As usual, that's when you get a FT offer that you get even more interesting offers. Be happy with what you have and stick to it rather than trying to have one's finger in one more pie.
While your quaint reference to sticking appendages in pies was amusing, I'm not sure why you would take, for example, UBS banking over Blackstone PE. Not that BX PE would hire from UBS, but just sayin'
You are misrepresenting yourself. If you get asked if you got an offer (and they DO ask) and whether you're going to take it, what are you going to say?
Bishop:You are misrepresenting yourself. If you get asked if you got an offer (and they DO ask) and whether you're going to take it, what are you going to say?
You say that you enjoyed your experience and would definitely be willing to go back, but would rather explore other opportunities that are more in line with your aspirations and goals. What was so hard about that?
thanks for the replies guys. decided against it. limited upside and too much downside. almost had me going with the inviting hr for the superday lol.
Interviewing after accepting FT offer (Originally Posted: 09/23/2015)
Accepted a FT offer at what's considered a BB by some but not located in NYC - will let you deduce. I asked to extend after they gave me just 48 hours to accept, but it wasn't enough time to allow me to attend a superday at a BB (Citi/DB/UBS) in NYC. Wanted to get some thoughts on how I should proceed if my long term goal is MF/MM PE.
Do I tell my contacts at the BB or other BBs I've accepted another offer? Do I attend the superday/keep interviewing with other BBs? How do I address the "Do you have any other offers?" realm of questions? If I lied about the previous question, will my offer get rescinded if they find out? Feel free to address any other issues you think might pop up.
I was placed in a great group with the firm I accepted that has a solid track record with PE placements, but I just think I'm making it harder on myself if I'm not in NYC.
You might as well just name the bank...It only has 4 really good groups, all of which have decent PE/HF exits. You'd be an idiot to risk this offer. It's not like going from a lower middle market sell-side only shop to Goldman. However, I understand wanting to be in New York. Just wait it out for a year and transfer internally or interview somewhere else.
Noob question but how did you deduce which bank it is? Can't figure it out haha.
Went through my offer (not a contract!) with lawyers, message me if you have questions. Don't want to say in front of the throng of angry dogs here.
Any other comments? I understand it's risky, but I feel that if better banks are calling, then I should be trying to do the best thing for me.
needtoaskaquestion:Any other comments? I understand it's risky, but I feel that if better banks are calling, then I should be trying to do the best thing for me.
You're gambling your entire career here. If you get caught, you will lose your offer and probably get your resume forwarded to other banks. There really is not upside to this. Take your offer, work there six months, and then reevaluate your position. If you want to lateral, it will be relatively easy (compared to FT recruiting).
NYC/SF pay goes very far in Charlotte...
I've also seen ppl makes the jump from "that semi-BB" to GS/JPM/LAZ/MO Co after their first year. Don't sweat it.
"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."
I'm curious how this process would work. Grind it out first year at Wells Fargo and skip PE recruiting, lateral to one of the above as a 2nd year analyst, then begin PE recruiting from there?
Would it be an easy sell to HHs that I wanted to lateral before reaching out or would they want to know why I hadn't interviewed yet? Also, would I be best positioned to stay a 3rd year so I could recruit against 1st years?
Appreciate all the responses.
Guessing Middle Market at Wells. If so, that's a solid group and MM PE is very doable from there.
Interviewing / accepting roles after accepting others (Originally Posted: 04/13/2014)
I have applied to three finance roles.
I have received an offer in the last few days from one, however, I have interviews with two companies that have stronger roles and career prospects. The problem is that these interviews are in 4 and 6 weeks time.
I'm unsure how to manage this situation, and I would imagine many of you have had similar problems in the past. There is no way I can risk not accepting the offer I have, however, it makes it difficult for me as I think I have a chance at the others.
Can anyone offer some advice on such a situation?
1) Is it okay to reject a role you have accepted a month down the line? I personally think this is a bit of a dick move, but others have said there is nothing wrong with it...
2) Is it okay to keep interviewing when you already have a role accepted?
Accept... continue to interview and if you get better offers, renege.
Thanks for feedback - these aren't through school.
I booked the interview before accepting the other offer...
Interviewing after accepting a BB offer (Originally Posted: 08/27/2009)
How would you recommend going about interviewing with other groups after accepting an offer at a different BB group? Only reason I ask is because the exploding date is before full time recruiting even starts for most BB and boutiques
Recommend lying and saying the offer is still outstanding, or tell them you have accepted an offer and are willing to reneg. What is the downside of telling a group you already have accepted an offer?
How does the reneg conversation go with the group that you are interviewing with (they ask you would you reneg immediately if you are given an offer)?
mike-falafel:I booked the interview before accepting the other offer...
buddy its not that hard to call the firms the day before or hours before saying you took an offer and wanted to notify them so to not take up any more of their time and give other candidates a fair chance. classess act my friend, classess....if you made a commitment take it, only thing thats really HARD to change about you as a package (Ex- resume, grades, work experience) is really your REPUTATION. dont be the douchebag that does this even if you 'really really really really have interest in the other SA position'.
but anyways, congrats on getting a SA position this early in a tough market
Can't say I'd recommend this. Further, I would go as far as to say that unless you absolutely hated your group, why bother with FT recruiting? FT this year is going to be so very tight. At least at my school, none of the other banks I would have even considered working at have posted FT listings yet, assuming they will.
Full disclosure: I've accepted an offer from my summer.
I would recommend against lieing. If you get away with it, fine, if you don't, you have seriously messed up your reputation and will probably have offers revoked, if made. Full disclosure is fine - some banks will probably pass on you, depending on where you've accepted the offer, but others will not and will view your receiving an offer as a testament to your ability. For those who choose to pass on your because you've told them that you've received an offer, they would probably be among the banks who give a call to check your story with your previous employers and will then find out that you've received an offer anyway - so if you lied, you're now in some trouble.
If asked by the interviewing firm why you've accepted the offer, just be honest - you wanted to look into other interesting opportunities, but you were forced to make a decision ahead of FT recruiting. Since you liked the firm you interned with you decided to accept it - if another opportunity comes along that you feel would provide a better fit, you will immediately call your SA firm and let them know - afterall, you're not out to dupe anyone - just want to make the right decision. Regarding immediately pulling out of the SA FT commitment, I would offer to contact them immediately upon making the decision to pursue an opportunity - don't wait for them to suggest a time for you to do it - let them know you've thought about the scenario and are serious about the decision - you're not playing games.
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This is a REALLY dangerous game to play, and has a very high probability of blowing up in your face. If you were engaged to be married, how would you feel if your fiance was out dating to see if she could drum up a better partner? Here are some specific things to think about
I'd advise against it, but here are some perspectives on what to do if you interview and get an offer and need to renege:Career Dilemma: To Renege, or Not To Renege on a Job Offer - http://www.gottamentor.com/ViewGeneralAdvice.aspx?...Gotta Mentorwww.GottaMentor.comConnect to the Advice & PeopleYou Need to Achieve Your Career Goals
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I understand it may look bad if you accept an offer an then go out and look for interviews, but would your position change with the following situation:
My school does not protect offers very well and as a result has been strong-armed into accepting an offer timeline that seems ridiculous compared to the mean.
I get my offer at the end of the internship. I immediately talk to contacts and line up interviews BEFORE my expiration date. The groups I interview with cannot finish their accelerated process before my expiration date, and so I accept my offer and continue recruiting with those groups with them fully aware of my offer status.
Meh, I accepted an offer and reneged upon getting a better offer at a better shop and didn't feel bad about it. When the company was acquired for pennies on the dollar at the end of last year it reinforced that I made the right decision (even though the possibility of the firm blowing up wasn't exactly part of my decision making process).
At the time I was worried about being blacklisted at the company, but you have to look out for number one and companies that do their recruiting early with the intent of locking up good candidates before they can interview with other companies have this thing coming to a certain degree on occasion.
That being said, I wouldn't directly lie about your situation, but it's not a bad thing if the interviewers know that you've been given an offer; it makes them know you're a strong candidate.
What is your opinion about continuing to interview at boutiques after already accepting an offer at another boutique?
Your career comes first. Remember that.
Why would you want to recruit at other banks when you already have an offer that you accepted?
This isn't for a FT position, as i understand it based on above. Another bank is going to be the same sh*t just a different toilet.
Then cancel the interview- say that you have accepted another offer. Easy as that.
Interviewing on campus after accepting offer (Originally Posted: 09/15/2015)
So, I recently finished my internship at a big 4 firm and they gave me an offer in valuation, which I'm very happy about. The people are great. But it's not my dream. In fact, my dream, since day one, is to land an IB job with a bank that I have an on campus interview with. Unfortunately, the on campus interview is the same time and career center as my currently accepted firms interviews. So I would be running into my HR director and possible colleagues if I went to the interview. I desperately want this interview. Should I contact the HR person and say any time besides that day works or what?
Have you accepted the offer already? I assume you haven't, since the school probably wouldn't allow you to do OCR if you had already accepted an offer If not, there's nothing wrong with interviewing.
To avoid running into anyone, certainly reach out about rescheduling the interview. If that doesn't work, talk to someone you know and trust in the career center. There may be a way to shuffle things around to minimize the chances of an uncomfortable situation. Maybe there's an entrance that's typically employees only?
Thank you for the response! I will try to reschedule and then go through the career center.
It's tomorrow though, is it too late? didnt want to cancel a booking - shows lack of commitment, i thought
Interviewing after accepting (Originally Posted: 12/04/2010)
What is the most appropriate way of going about an interview after already having an offer signed. I have an offer signed at a MM from this summer, but someone from a firm I reached out to me a while ago just spoke to my on the phone last week and now I have a first round with this new firm. I know this is unethical but in weighing the offer the first is a firm with good deal flow, but all co-managed public offerings which I fell like I would not learn as much as I possibly could from and the second firm is very very strong deal flow in mostly sellside M&A. My contact is an analyst whose been there 6 months. Should I hope the issue doesn't come up or email the analyst who helped me out and fully disclose my situation. He emailed me today letting me know someone would reach out for a phone interview next week.
I'm really torn between this whole reneging thing, but being upfront with the new firm about it. I made a post last night about a similar situation that happened yesterday. What is the most professional way to do this or is this completely frowned upon? If it matters, the firm I summered at only gave me about a week to make my decision and let me know last minute about the expiration date.
mike-falafel:It's tomorrow though, is it too late? didnt want to cancel a booking - shows lack of commitment, i thought
Why do you care if they think you are committed? You aren't going to work there, and you accepted another offer. I would say unless you genuinely want to interview there send them an email, apologize for the late notice, and tell them you accepted an offer at another firm. They likely won't be mad, and I'm sure other people have done the same.
Interviewing at another firm after you've accepted an offer shows a lack of commitment.
IF YOU WOULD PREFER NOT TO RENEG, YOU CAN RAZOR LEAF THEIR OFFICE AND I'LL TACKLE THE INTERVIEWER. YOU CAN TRY TO RUN!
I don't mind reneging. I am just asking what the most appropriate way for me to deal with the firm's I am interviewing with and whether or not I should disclose that I have a signed offer.
TELL THEM YOU HAVE A GREEN QUADRIPED BACKING YOU
venusaur prepare your self.
VENUSUAR USED RAZOR LEAF!
RETARDED BLASTIOSE FAINTED!
...easy peasy like lemon squeezy
Come on guys, I have searched the forums, but I would like some more input. I would really appreciate some help from people that have been in my shoes or are already in the industry.
wait until you get an offer from the new firm.
do NOT ever tell your old employer any of this of course
Yea, I would never tell my employer. I shouldn't mention this to the new firms I am interviewing with? On my resume it says I have a return offer from the summer.
How about you accepted an offer from, say RBS/BMO, and then you got GS superday?
Interview after verbally accepting an offer (Originally Posted: 09/21/2010)
I got a returning offer from the BB I interned at, and when my MD asked I said I am extremely interested in going back. I think he's now thinking that Im going back for sure, but I am still doing on campus recruiting with other companies. Now I am worried that when I interview, i might run into his contacts at other banks. Am I burning bridges if he finds out that I'm still interviewing and might not go back?
Davidoff:How about you accepted an offer from, say RBS/BMO, and then you got GS superday?
This is a different situation. OP is suggesting he has no interest in the position but is merely going to be polite- which it isn't.
If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless) then you would have to consider reneging on an offer- pretty frowned upon and could potentially get you in trouble, but you gotta do what you gotta do.
Black Jack: Davidoff:How about you accepted an offer from, say RBS/BMO, and then you got GS superday?This is a different situation. OP is suggesting he has no interest in the position but is merely going to be polite- which it isn't.
No, you have it all wrong. I have lots of interest in this position, its just that Ive accepted another. Still interested in working in that position in the future, perhaps FT (the offer ive accpted is for SA). thats why i still wanted to go
mike-falafel: Black Jack: Davidoff:How about you accepted an offer from, say RBS/BMO, and then you got GS superday?This is a different situation. OP is suggesting he has no interest in the position but is merely going to be polite- which it isn't.No, you have it all wrong. I have lots of interest in this position, its just that Ive accepted another. Still interested in working in that position in the future, perhaps FT (the offer ive accpted is for SA). thats why i still wanted to go
That is what I meant- the position aka the SA position you are interviewing for.
Black Jack][quote=Davidoff:...If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless) ...
...If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless) ...
For the record, this is not accurate. Source: OCR process and friends at semi-target who had separate 1st rounds and superday. Superdays definitely exist at GS.
mountainvalley][quote=Black Jack: Davidoff:...If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless) ...For the record, this is not accurate. Source: OCR process and friends at semi-target who had separate 1st rounds and superday. Superdays definitely exist at GS.
Davidoff:...If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless) ...
^Yes, oftentimes it will depend on what school you go to. For some schools where they know they will be taking at least some kids, they will likely do a combined first round and superday on the same day. For other, non-core schools, they may do a separate super day for those kids plus maybe some kids that were on the fence from core schools.
Black Jack][quote=Davidoff:If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless)
If you have an offer from RBS accepted and get a GS super day (which doesn't exist since the 1st rounds are combined with super day but nonetheless)
I've had a first round and superday with them, and they were separate. Maybe they combine them in some cases, but it's certainly not true that GS "never does 1st rounds."
If you got the offer from a BB what's the point of interviewing? I think it's stupid when people go back on someone like CS so they can go to GS.....
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.
bulge4lyf:If you got the offer from a BB what's the point of interviewing? I think it's stupid when people go back on someone like CS so they can go to GS.....
The BB's in HK and I'm considering staying in NY. A lot of the people I worked with in the summer started out in NY so it's actually quite easy for my interviewers to reach out to them if they really want to...
I agree with bulge. You're taking the risk of really pissing some people off....and for what? All the BB HR people on Wall Street probably know each other and talk. Not to mention all of the other people you know at these banks. The finance community is smaller than you think.
Thank the banks you are interviewing with for the invite and take the HK offer. Sit back, relax and enjoy your senior year. College women will be slipping around in puddles of their own wetness when you tell them you're going to HK.
Besides, you'll have better exit opps with the international experience...
No one is going to remember you in 9 months. Honestly, your MD has probably already forgotten your name. You haven't even signed a contract; stop worrying.
you didn't explicitly tell your md you're accepting... also, don't you think he'd jump ship if a better oppty presented itself? gotta do what's best for you here. you should interview if you think there might be a better option out there. if one doesn't come up, accept with the bb you interned with.
Why did you accept the offer if you had other potential interviews?
Is it fine to interview around AFTER signing offer? (Originally Posted: 09/21/2008)
This specifically applies to people who already signed offer with banks that are going through rough times (MS, GS) or integration of some sort (BoA, ML, etc). Even though some of us already signed the offer, we know that anything could happen to their offers (getting rescinded) in an instant these days. So is it OK to still interview around and seek other companies' offers? It;s not for reneging purposes. Just in case our signed offers get rescinded, we'll have somewhere to go. but if nothing happens to our signed offers, we'll just not take the new offers. Is it unethical? illegal? breach of contract?
Your offer letter is NOT a contract. It is just essentially a letter of intent to hire you. Regardless, go ahead and interview around. Noone will ever recommend reneging as good business practice, but it is fine to interview around just in case the bank rescinds your offer.
just dont get caught, you'll be fine
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Has anyone heard of any offers being rescinded since the end of the summer?
of course do what you want. its financial companies not dictatorship governments. most people wouldn't want to interview again as few find it to be enjoyable, but go ahead if you want to. (Realize though that you're going to have to accept or decline sometime and getting more offers doesnt decrease the probability that the one you accept will go down after youve accepted it and declined others)
wouldn't risk it in these times
That said, as long as you proceed with caution, chances are you will not get caught. So bottom-line: be careful if you decide to do it.
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Is anyone doing this? I received an offer from GS/MS, but submitted my resume out of fear last week...should I sign up for the interviews?
opt8:Is anyone doing this? I received an offer from GS/MS, but submitted my resume out of fear last week...should I sign up for the interviews?
of course, with gs and ms possibly going the way of bsc, it would be stupid not to.
how do you know that the firm you sign on w/ isnt going under though.
Honestly if GS or MS go the way of BSC...we're going to have bigger problems to worry about then where to interview
If you've already signed an offer I think it's pretty bad form to still interview at other places.
A couple of years ago, there was a guy from my school that got caught interviewing after he signed an offer. His interviewers at the two different firms happened to be good friends and somehow realized what he was doing. His offer was rescinded, and they told all of their colleagues at other firms not to hire him because he lacked integrity. It wasn't pretty.
Of course, as long as they don't find out you'll probably be okay...but be careful. It's a very small world.
do HR from diff banks talk to each other?
Dont do it. Its just an SA stint. Keep your clean-slate reputation for when need to do FT recruiting. Chances are after you do your SA, you will have a better understanding of what groups you want/dont want to be in.
It sounds like you already have a decent offer in hand. Unless its the almighty GS TMT (or whatever people are crazy about nowadays), I would just walk away.
Keep interviewing when already accepted offer? (Originally Posted: 02/14/2014)
Are there any reasons to keep interviewing after already accepting an offer? I got a great part-time/student job at a consulting firm - no way they'll let me off during the summer and wont quit. However i also got invited for SA interviews with other larger consulting firms and F100 companies.
So will these interviews allow me to position myself for SA/graduate programs later or provide any other advantages?
if you wont get let off and you wont quit, i can't see how going to interviews will help you that much
happy to give advice; no asking for referrals please
Let the other bank know that you got an offer and accepted it. Don't interview because the HR might find out and you'd be in trouble.
Compliance Interview after accepting offer? (Originally Posted: 11/20/2012)
I received a FT IBD offer from a middle-market firm and I am having a compliance interview in a couple weeks. I don't think this is a cause for concern but would love to hear if anyone has had this/ what it is like.
They say money doesn't buy you happiness. That may be true, but money does buy you a Jet Ski. And Jet Skis are awesome
Someone else posted on this forum before about their experience with a compliance interview, did you already do a search for relevant threads? Not sure where that particular one is but if I find it I'll link it here.
In any case, it should just be a formality, wouldn't stress about it.
Strange that it would be an interview... Usually it is a simple video that they show you. In far fetched situations that will show dramatizations to illustrate where you have to make an ethical choice. If you're in IBD, these are situations that will never occur.
Interviewing after you've accepted an offer? (Originally Posted: 12/23/2009)
What are the risks that come with interviewing after you have already accepted a BB IB offer? I am curious to explore some other opportunities that have recently contacted me even though I accepted my BB offer weeks ago. Is there any way that this can bite me in the ass? If so, is it just not worth it?
Search previous posts on reneging, It's been debated heavily in the past. Is this a FT or SA offer?
You will be surprised about the amount of talking that goes on between the banks.
There is good chance that this can come back to bite you.
Even if you succeed at getting an offer -- accepting another offer would mean reneging on the one you already accepted -- that gets you black balled.
Just call it a day and cancel the other ones.
It is a FT offer, not SA. Also, the opportunity is not between banks. The offer I have accepted is BB IB and the new opportunities are consulting...does that change anything?
bd78:It is a FT offer, not SA. Also, the opportunity is not between banks. The offer I have accepted is BB IB and the new opportunities are consulting...does that change anything?
Changes everything. The question now is what do YOU want to do? Banking or Consulting? Seems silly to stick with a BB offer solely because you've already signed if consulting is where your heart lies and you have an opportunity there.
Honestly. Don't do it. It's a dick move to your fellow classmates who are busting their asses trying to get a job. I don't see the point of interviewing for a consulting job if you've already accepted an IBD job.
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Why would you want to do consulting after accepting BB IB??
Completely different ball game.
Go back to makin' 60k a year?
"Ride your bike. Drink good beer."- Fat Tire Amber Ale
In terms of what happens, if you accept something else, they'll probably tell your career services. That said, if you didn't do an SA at this bank, then it won't show up on your resume, so no one would contact them in terms of limiting you for B-school/exit opps outside of banking. That doesn't mean that this won't come back to bite you, but if you don't see yourself in banking ever, then it might not be as big of an issue.
PM me...I read some of your other posts, and I can relate.
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Going to an interview with a signed contract (Originally Posted: 12/01/2010)
What is your opinion on the situation:
A friend has signed a contract (London IBD full-time) with a European bulge bracket bank CS/UBS/DB, but recently got a call from Morgan Stanley regarding 1st round interview. What would you do:
1) tell MS right away that you have signed a contract and that you want to come to the interview, but just wanted to let them know
2) just go to the interview without telling them about the signed contract?
Last time I checked it never hurt to have additional options. He's under NO obligation to tell MS if he's under contract or not especially if they're simply interviewing him. It's not like they've extended him an offer he's just going to kick the tires, roll the dice and see what happens.
Push comes to shove if he does advance to later rounds and likes what MS is offering he can raise the issue at that point if he feels compelled to do so. Why rock the boat?
I was in a similar situation...
I would be very honest about the situation... after you've signed, respect business ethics and give the people who haven't gotten chances to excel in their lives to shine. I would tell your friend to not be a douchebag and reject first round so MS can call some other guy for a chance at the big time.
I called off 4 superdays after i got the job I wanted. I suggest your friend does the same.
Khara 3alekon:I was in a similar situation...I would be very honest about the situation... after you've signed, respect business ethics and give the people who haven't gotten chances to excel in their lives to shine. I would tell your friend to not be a douchebag and reject first round so MS can call some other guy for a chance at the big time.I called off 4 superdays after i got the job I wanted. I suggest your friend does the same.
Similiar position and I did the same thing
bkwr83: Khara 3alekon:I was in a similar situation...I would be very honest about the situation... after you've signed, respect business ethics and give the people who haven't gotten chances to excel in their lives to shine. I would tell your friend to not be a douchebag and reject first round so MS can call some other guy for a chance at the big time.I called off 4 superdays after i got the job I wanted. I suggest your friend does the same.+1Similiar position and I did the same thing
i had the same situation.. and this would hold water if the offer was with a top 3 (GS/MS/JPM) vs interviews at top 10s (DB/CS/UBS/BARX)
but situation here is the other way around.. if his/her "friend" has an opportunity to trade up its fair game..altho i think my ranking given above is very suspect in europe..
ambition is a state of permanent dissatisfaction with the present.
Probably should note all these banks talk to each other and if one finds out you're sleeping with the other behind its back...well you can probably forget about a career with either of the banks.
People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.