In December, I accepted a F500 company's offer for employment. Now, I just got a BB offer. Obviously, the plan is to renege... Just want to know how I should go about it / what are the ramifications ( I specifically told the BB that I didn't have any others offers at the time)
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Not exactly sure why you lied about the offer that you already have... but go about it as professionally as possible. They will not be happy with you but if you are respectful and call ASAP there is not much they can do about it. I always look at it like this...they would do the same to you if we went into a double dip recession so you need to look out for yourself (understandably, it doesn't seem like theres much of a choice here between BB and other corporate job). So I guess the how would be to call HR ASAP and explain the situation (briefly). Also if any contacts helped you get the position you owe them an explanation.
I was being an idiot. But yeah, I am a junior and this I definitely needed this BB.
Anyone else w/ previous experience? I've been told that since the chance of HR talking is a lot lower since these two firms are in different industries / thousands of miles apart.
Worry more about your school since you are only a a junior. Career center doesn't look to favorably on reneging if this was an OCR opportunity. Might want to talk with them before you pull the trigger.
Neither of these were via OCR. Also never signed in paper w/ the reneged firm, just gave a verbal (although the verbal was 3 months ago)
I've done this before... for a FT position. I also only gave a verbal offer.
Just man up and call them and explain the situation honestly to them. Obviously, you'll be a bit nervous before making the call, but just tell them that you're extremely sorry and apologize profusely. Make it as quick and painless as possible. Then you can get on with your life or else it's always looming over you. Congrats on the BB offer.
Exactly. They probably won't care that much- it's just a stupid summer intern position, though I don't think they'll be making you a whole lot of job offers in the next few years.
I was in a similar situation many moons ago- before Google was a verb. I didn't have as much guts when I was a college student, though, so my excuse was signing up for a course that summer so I could get a business minor which somehow magically precluded my employment by the F500 firm but not the bank. Explaining that I needed to take a course that summer somehow felt easier at the time than explaining that I found a better offer.
In retrospect, if I had to do everything all over again, I would have just manned up and explained, apologized, then hung up the phone. And today, with Google, they're probably gonna find out the truth anyways.
I take largely the same view as cheese on this, but I do it noting the HUGE disparity in opportunity between an F500 company and a BB Bank. You need to understand that going forward, you CAN'T do this on the street- even for summer internship offers. If you get an offer from a better firm and renege on whatever existing BB offer you got, there's a decent chance both firms will pull their offers if they find out (and they will).
In all likelihood, the F500 folks will understand your decision. Just tell them you just got offered a dream opportunity which you cannot turn down. I've found that people appreciate honesty much more than some BS about a family emergency/summer class etc.
LIke someone else said above, if economic conditions took a turn for the worse, they wouldn't think twice about pulling your offer (especially since it was verbal, not written). Gotta look out for yourself.
Good luck this summer.
Go call the person who extended you the offer, explained the situation (of course put in a nice way ) and call HR after that....They won't be happy obviously
Congrats on the offer and all the best this summer
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