Reneging on Full-Time Return Offer
In order to reduce the probability of underfilling, the operations manager adjusts the underlying fi
Trending Content - Investment Banking Forum
Career Resources
Also whats the best way to go about this in the interview?
@mistermontana", you should first see what your school's policy on reneging is. Many schools will ban you from OCR if you renege, so keep that in mind. Otherwise, I think your parents and school counselor steered you in the wrong direction. I would not get in the habit of reneging, but if you accepted an okay role and then received an offer from your dream job, I would certainly suggest reneging in that case. You do not want to bring up that you have accepted an offer at Firm A if you're interviewing at Firm B. Firm B would not only ding you, but if they know anyone at Firm A, you can bet they'd let Firm A know, and Firm A would promptly rescind their offer.
Ok
Do the interviews. Don’t tell anyone anything.
If you reneg, it’s on the firm to contact your school but, firms rarely care about taking those measures as it’s a waste of time for them to even bother.
Thanks
I think that's a stretch. While I can't say for certain, I wouldn't imagine MD's are going around talking about recruiting classes and specifically certain candidates unless there is a specific reason (i.e. they find out you accepted an offer)
Reneging on return BO BB FT offer (Originally Posted: 11/01/2017)
I did operations at a top BB however I did not want to stay in BO/MO. I accepted the offer since time was running out but now I currently have a better offer for consulting. I accepted the offer a month ago and I was wondering how bad it would be to renege? I was hoping that since its different industries and since its still Fall semester, it wouldn't be as bad but what are your thoughts? Are there any banks that are notorious about reneging? What are the worst case scenario?
I would say go for it as its your life and they can easily find a replacement
Do it. It’s be nice if you explained it in a way that didn’t shit on them but rather talked about the perks of the other offer. Be cordial.
Reneging on return BO/MO BB FT offer (Originally Posted: 11/09/2017)
I interned for a top tier BB (GS, MS, JPM) and did a operation role. It wasn't bad but I knew that wasn't what I wanted to do long term and I don't want to be stuck in it forever. I got another offer for Big 4 Advisory but thats really it. I do want to renege to try something different + I've always thought consulting was really interesting. What are the worst consequences with reneging?
What do you mean reneg? You can't just be re-assigned to a different role in the company. You'd have to go through a new hiring manager unless you knew someone really high up.
Consequences of reneging FT BB BO offer? (Originally Posted: 12/23/2017)
I interned for a BB (GS/MS/JPN) in Operations this past summer and received a return offer. I received another offer in consulting and want to renege but I'm worried I will lose both offers and get blacklisted. What are the likely consequences?
lol blacklisted for negotiating?
You can tell both firms you're considering another company. Usually it helps to leverage a better salary. Just think of yourself as being in high demand, more valuable. Employers like that.
Rerum quia eos nostrum ex quod est. Aut repudiandae culpa dicta incidunt error consectetur. Sed distinctio et distinctio voluptatem vel explicabo quia. Expedita et non corrupti ducimus possimus qui quod. Temporibus laborum perspiciatis voluptatem sit unde id saepe. Inventore cumque qui voluptates ea deserunt. Quis suscipit praesentium reprehenderit eum sequi atque eius.
Maxime quo cum unde enim saepe corrupti aut soluta. Doloremque sit expedita quisquam unde temporibus quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...