Should I renege my offer?

Should I renege my offer?

Received and proceeded with an offer from a BB in credit risk but not underwriting or modeling. Looking at potential co workers profiles seems like they haven’t been able to pivot out of their middle office roles and are stuck. I’m coming in with good starting compensation in a low col but I think I could break into a FO role and have been receiving some positives responses from applying. I am also just finishing up my MSF from a strong semi target school. If I proceed with the offer can I pivot into actual credit risk projections? What should I do?

 
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I don't think there's a definitive answer here...

From what I can tell by your post, it looks like you've accepted a credit risk job at a BB but are continuing to apply elsewhere? If this is the case, and you've still got time before your start date, I'd continue as you are - keep the offer for now but continue to scout opportunities elsewhere.

If your start date is looming (i.e. less than 1mos away), I can appreciate you're getting a little anxious, however I really think you can run this to the line (i.e. 1wks). Some people may say this is too short notice and harms your rep with the bank, etc. however the reality is that, at this point, you're a relatively faceless graduate, these things happen the entire time, and if you actually secure a FO job, it will be well worth the short term cost.

Let's say you get 1wks out and still don't have a FO job... Ask yourself whether: i) You'll still be able to find the time to apply to FO roles elsewhere; ii) Whether you'll be able to at least feign sufficient interest such that, should thing not work out, you aren't labelled an unenthusiastic hire; and iii) You'll be able to attend interviews, etc. without arousing too much suspicion. If the answer to these Qs is "yes," then continue with the job and keep looking.

Point #2 is crucial here - you don't want to damage your rep from the off such that your hinder any chance in the future of moving to FO internally.

If your answer to the above questions is "no" and you're sufficiently financially secure, leave it to the line and then "renege". HR will almost certainly call to ask why you're not continuing with the offer, in which case I'd just be honest and say: i) You're not 100% certain about the role; ii) As such, you're concerned you may not give it your all, which isn't fair to either the bank or another candidate who truly wants the role.

As with anything in life, if you do something with enough tact, charm, and politeness, people will more often than not think positively of you. 

"Work is the curse of the drinking classes" - Oscar Wilde
 

Thanks for the reply. I’ve been close to some FO roles at various size places. I am financial fine and my start date is within 2 weeks but I can be respectful. The issue is without doing modeling I feel as if I have no transferable skills for other positions in the future. Sure I would have a great brand name but I think my skills might be lacking even with a masters. Really don’t know what to do here

 
hi-debt

Should I renege my offer?

Looking at potential co workers profiles seems like they haven't been able to pivot out of their middle office roles and are stuck. 

You're assuming they want to pivot. Not everyone wants to change their job - some people are perfectly happy with the current state.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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