Will I be expelled from Bschool

I am making this post to clear some of my concerns regarding reneging an offer and hope that you all can provide me some of your thoughts.

I am currently pursuing a one year Masters from a target B-school, think UVA/Duke/UNC, and accepted a job offer last month from a top firm in their FLDP program. This company comes to campus every year and I was lucky enough to get an offer this year via on-campus recruitment. Today, I got an on offer from my another company for an IB role...

I was wondering how should I proceed if I really want the IB role? The career services hinted us early in the start of the recruiting season that a renege means violation of code of conduct and could result in loss of services, suspension of privileges or expulsion from the program.

Can the school really expel me from the degree program if I renege the FLDP offer for an IB role?

 

I feel like you should just speak with a counselor at your school or someone in career services to get advisory and plead your case. Sounds pretty drastic to expel you and not grant you your degree for reneging, especially if you can explain to them the importance of the IB role. I don't know how these things work, but this is an unfortunate situation to be in.

 

Often they have you speak to a board of counsel and explain why you made the decision you did. They will not expel or suspend you, as they just want to ensure you aren't going to hurt the schools reputation with firms that regularly recruit. I reneged on my Big 4 offer for middle market IB Leveraged finance and it was the best decision I ever made. I had to meet with the school and the counselors and explain that i wasn't trying to shit on the school, but merely was offered a better role.

slap on the wrist if anything

Good luck!

 

The schools speak loudly but carry a small stick with these kind of things. As long as you communicate with the school - and allow them to smooth things over with the employer - punishment will be small or non-existent. What is BAD, is if you renege without telling your school, because that can screw up their recruiting efforts in future years.

 

did they cash your tuition check? if so, if they feel like opening their mouth they should eat a dick. seriously though just talk to them and should be ok. anything short of being expelled would be fine since you're gone in a few months anyway.

"I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. " -GG
 
Best Response

Officiis iusto omnis mollitia ut sit. Possimus natus qui voluptas possimus. Est voluptas nostrum enim temporibus voluptas.

Consequatur qui ipsam et corrupti et aut sed blanditiis. Ut sed voluptatibus culpa quia ipsam repellat dolorum.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”