Renege and Redo Full Time Recruiting?
Throwaway account just in case.
I currently have a FT offer at a mid-tier MM. I knew I wanted to lateral after the summer, as all the talent was leaving and it seemed like a sinking ship with no opportunities down the road. I feel so depressed to go back there...
After the summer I had superdays at GS, JPM, and DB, but didn't get the offer at any of those firms. But I was so close that I feel like I can do it with another shot.
I am seriously considering going through the full-time recruiting process again to get a better offer in NY. If I get something, I'll renege. If I don't, I'll just start full time at my current firm.
Or would you guys recommend just working for 1 year and lateraling asap?
Thoughts?
dude... do your year at the MM, then lateral. What would you even do during your gap year? Would you be willing to forego an entire year's salary for that entry-level FT offer? Never mind that BBs are increasingly filling there analyst classes with junior year SAs. Lateraling happens all the time: you'll be fine.
This. Why would you risk not being able to recruit on campus again for reneging for a BB slot? Also, what was your feedback? You should probably think long and hard about the feedback you got before you even think about trying to get into a BB shop again.
I only asked one of the banks for feedback, and it was that I was too stiff and a little quiet during the pre-interview hang out session. Not really sure how to fix that other than just sorting it out in my head to not put too much pressure on myself.
It sounds like you need to relax and treat your potential future colleagues like people. Be nice and courteous but relax. They're bankers, not immortal beings. I would ask all of the banks for feedback, stay in touch with those who give you feedback (they probably will help you later on), and keep working on opportunities where you can practice improving. I wouldn't take this lightly, as this could also come up again later.
Yeah, I know I put too much pressure on my self, and I get stifled and inside my own head. Do you have any advice to reconnect with them considering I haven't contacted them in about 9 months?
Do you know how many people they've talked with in the last nine months? Take the job and move on. Continually stressing about this is the reason you didn't socialize well in the pre-interview process. Pick up your bootstraps and get to work.
Just move on. It's kinda weird to suddenly want to connect almost a year later. If nothing else, have someone introduce you or keep networking. If you've done it right, you'll come across paths again and you can reintroduce yourself.
As others have said, take the offer and try to lateral in 6 months - 1 years time. Having full time IB experience is very valuable and highly transferable to other banks, large or small. Banking is a very small industry and people talk all the time, reneging would not be a good start to your career reputation wise.
Also it's highly unlikely you could feasibly recruit again for FT spots next year as a graduating senior this year. At least if I was reviewing your resume, a graduated senior applying again would raise a big red flag for me straightaway and I'm sure it would for many others as well. In addition, if you are already in the HR system and have interviewed with these banks for FT, it is again highly unlikely they will consider you again without any changed experience.
I think you are spot on. Do you have any advice for reaching out to the people that interviewed me and staying in touch with them? I Ideally I should have done this right after the interviews. It's been 9 months... if I sent them an e-mail, should I just give them and update on how I'm doing and ask stuff about them?
Take the offer then wait 6 months and lateral. It is your best option.
I've seen some stupid shit in my life, trust me, but the idea of turning down work experience in the field you want, in order to MAYBE have another shot at an interview with a year long employment gap--is idiotic.
Judging from what you've said, you were essentially rejected at GS, JPM, and DB because of your personality. That's not something you can change in the course of a year. Also, with all due respect, your line of thinking makes zero sense.
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