Should I Accept an Internship Offer and Renege Later, or Just Reject?
Hi! I need some advice on a big decision. I recently finished a sophomore internship at a BB. I am currently recruiting for Summer 2021, and have 3 final round interviews with BlackRock next week. BB followed up with me this morning to ask if I will accept their offer, but I am holding out because I don’t want to accept then renege on the offer, and burn bridges on Wall Street. However, I don’t want to let a great offer go and then end up empty handed, especially since BLK is so competitive so there’s no certainty I might get any offer from them, and have nothing else in escrow. What should I do?
TLDR; offer from BB, final rounds with BlackRock next week. take BB offer the renege if I get offer from BLK, or just reject the offer?
Remove details from your question. I am guessing there aren't too many people with your background who are interviewing at the MF you are and there aren't too many people with your background yet to accept the offer to return.
Thank you! You’re totally right, I will fix that right away, not trying to get doxxed!
What are the BlackRock interviews for? They are an AM firm and don’t do IB, which by your title I am assuming is what you interned in this summer.
What do you want to do? If you want to do IB, then take your offer. If you didn’t like it and know for sure you don’t want to pursue IB in the future, then just reject it and move on.
I think everyone on this forum will tell you that 1 in the hand is worth 2 in the bush (3 in your case), but without the context of your career goals/interests it is hard to give a full opinion.
I would say that if you think you want to do IB then I would absolutely take your IB return offer. If you don’t want IB, then you can reject and move on. I personally wouldn’t accept and renege given the current environment (tons of kids looking for IB internships), but if that’s what you think is best, go for it.
I liked it but I’m not committed to anything specific yet. I am interviewing for Global Consultant Relations, ETF & Index Investing, and Alternatives Credit Product Strategy. I know it’s a different area of finance but I want to explore something different and get perspective before doing a 2-yr analyst program.
Do you mean Blackstone or BlackRock? Cause the latter I have no idea why you would consider if you're at Barclays IB.
Can you edit your comment to remove Redacted firm and replace it with BB please, another commenter pointed out I was too specific in my original post
Take the IB offer, can always move to AM after
Just curious how the 1st screening at BlackRock works? Did you just cold apply or have someone push your CV? I heard that BlackRock's 1st round is all done by HR and Hirevue.
There’s a first screen, which is just a hirevue that they call a virtual cover letter, and I assume HR processes that. It’s not really a "screen", it’s part of the hiring process. Then I had a first round interview, and this is when different groups I applied for and didn’t apply for reached out, and that was your typical 30 min first round with a member of the team, and I waited for a couple of days/weeks to hear back about final round. I didn’t have anyone push my resumé through, but a recruiter did email me with a generic link, and in the drop down for "how did you hear about this opportunity" I said something like recruiter on LinkedIn or whatever. Hope that helps!
Bird in hand ...
Who cares if black rock is selective they’re work is super group dependent and u need to know your interest in it. It’s an asset manager not necessarily something that should be put on a pedestal that you’re giving it. Don’t see why it’s so special?
I think one of my friends declined an offer to their PE group but I doubt it was real PE, just FoF. So what’s so special? (Not trying to be arrogant just curious).
Go back to the BBIB, and use networking calls as a way to figure out what you want without wasting a good opp. And going into an over glorified asset management role unless u know u wanna do that
Did your friend interview with BlackRock PE NYC office or NJ office? Full time or SA?
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