Reneging SA offer (2nd tier bank to BB) - London -

Hi guys, 

Just wanted to hear your thoughts on reneging a Summer Analyst program in London. I already signed a contract with a second-tier bank in IBD (think RBC, BNPP, HSBC, etc.) but just got an offer to join a BB (think JPM, GS, etc.). Should I renege my previous offer? I thought it was fine reneging but I checked online and it seems people were advising against it as it might result in me losing both offers (like the bank contacting the other bank to let them know I bailed on them).

Has anyone done it? What would you advise? 

EDIT: Both are in London for an IBD SA program

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Comments (3)

  • Intern in S&T - FI
Oct 26, 2021 - 1:31pm

Do it. Top BBs don't care (i was in the same position). Mine even told me to renege lmao

  • Intern in S&T - FI
Oct 26, 2021 - 1:31pm

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