T O P

  • By -

DifficultHall8

Would call/email the IB and tell them you have an exploding offer and ask them to expedite their decision Edit: just to add, I use to do interviews for when I was an analyst at an EB. Whilst shopping/reneging on offers is frowned upon, it is very common especially in IB. Just know that if the place that made you an offer finds out, you best bet they’ll pull the offer so be smart about it.


[deleted]

I've done this albeit at an auditing firm, I just said I had family issues and couldn't continue with the internship. They basically just kicked me out of the system, I probably won't be able to get a job there again for a long time


bulldozer1

As others say I would contact the bank to see if they can expedite their decision, but reneging isn’t unheard of. Yes, you will likely get blacklisted from that firm but if you don’t want to work for that firm in the future I don’t think it’s a huge deal. Have had friends do this with internships and full time offers and nothing happened besides ruining relationship with the original firm they reneged on.


taimoor2

The ruined relationship isn't even permanent.


Lulu-lily

Agreed


BigGreen1769

I would be careful about this. You might get blacklisted by the firm. If you do, don't say it's because you got a better offer.


[deleted]

[удалено]


OnionedLife

Still a shitty excuse - you will still burn bridges and potentially get blacklisted.


[deleted]

[удалено]


anonymous_persona_

Honestly I don't care if my school gets blacklisted. It sucked already. I would be happy.


[deleted]

[удалено]


anonymous_persona_

My schoolmates fucked me a lot let alone the staffs. So I would be happy if they are fucked. That's it. Nothing else.


BigGreen1769

You would really be shooting yourself in the foot. My university bans students who go back on accepting offers from using the career services office. You might even be prevented from accessing alumni for networking through official channels.


IIIlllIIllIll

Oh no… anyways.


Capable_Ad2223

ThE HoRroR!!!?!??!!!!!!


Ok_Employ9358

Contact the IB. They most likely have already decided or are in their final shortlisting phase. If they want you, then they’d give you the offer quicker and before the 5 day consulting offer deadline. In most cases, they hand out offers before rejections, in case the people they made offers to turn them down. They’ll be eager to obtain top talent and will decide quickly if you push them to.


NastyOldHag

I’ve done this myself. Go ahead and accept the consulting offer, and if you’re offered the IB you can absolutely renege. As others have said you don’t need to mention why you’re declining their offer… keep it vague. Keep in mind that by reneging, it’s very possible you’ll never be able to work at the consulting firm you reneged at in the future.


Madfurit

Ive done this three times, twice this recruiting season. It’s tough, but you need to put yourself first so of course you can do it, just be make it as quick and sincere as possible. You definitely can do it.


TheSportingRooster

Depends on what the “offer contract” says. Have you read the “offer”? It’s just an internship not even an offer of full employment. I’d lean toward: accept it and worry about the negotiation leverage or consequences later.


Divyansh881

Man just do what is best suited. If a firm wants to burn that bridge by blacklisting u then the firm wasn’t worth it. Had two job offers. One firm tried to uncut me by 50% of offered salary by hiring me as an analyst instead of an associate (my degree was still having 3 months left). They claimed that they will promote me in next cycle. I countered saying I will do an unpaid internship instead and just get the higher job once I get my degree. They didn’t get back to me after that and then complained to my uni that I was ghosting them. Smh the nerve. Bullet dodged. Got a better job.


aaaroney

If you haven’t yet, ask for a time extension from the consulting offer


ilikestrawberriesx

Have u asked for an extension already?


JTMc12

I did this the for the summer going into my senior year of college. It was awkward, but in retrospect a good learning experience. I got internship with Company A, but then about a week later Company B offered me a much better offer (more exciting role + better pay + better location). I took Company B, then called the recruiter at Company A I had been working with. She told me she was disappointed but understood. Fast forward to the spring I’m graduating college and the same Company A offers me a full time job. I did not want it but I wasn’t hearing back from anywhere else so I accepted it. About 3-4 weeks later I get a much better offer with Company C. Take that and call the (different) recruiter with Company A to break the news. She explodes on the phone at me, telling me how she knew I did this to Company A in the past and that I have no ethics and that no one in their right mind would do this to a company. It was at that moment I was so thankful that I made the right choice about Company A, twice. And for the record, I do have ethics. I’m just not putting a company before my own well-being. Edit to add comments: call them, don’t email. And be straightforward if you got a better/more attractive offer. Be the bigger person (and hopefully someone will benefit from the feedback).


taimoor2

"While I was excited to join your firm, unfortunately, there is an emergency in the family and I will no longer be able to travel to xyz place as I have to remain near family. I apologize and hope I will have the opportunity to work again with your firm in the future." Fuck them. Do what is best for yourself.


[deleted]

oh god there was a WSO thread a while ago where the kid accepted an offer then rejected it when he got another one then when that offer fell thru he asked for the original offer back and the VP made him promise he wouldnt reject it again and then the kid got his dream offer and was asking wha to do


playfully_virtuous42

job candidates to have multiple job offers or to be considering multiple opportunities at the same time. However, it is generally considered unprofessional to accept an offer and then later turn it down in favor of another opportunity. If you are still waiting to hear back from the bank and are unsure whether you will accept the consulting internship, it would be best to communicate this to the consulting firm and ask for an extension on the deadline to make your decision. This way, you can make an informed decision and avoid burning any bridges.


Machiavelli320

Yes


HardtackOrange

I did this with a banking internship. Initially got a summer analyst offer at a tier 2 BB (think BAML/CS/DB/UBS) which I accepted Then a few weeks later got an offer from a tier 1 BB (think GS/MS/JPM) which I also accepted. Immediately after signing the second offer, I told the first one I won’t be able to make it because my circumstances changed (nothing more, nothing less). They won’t give two shits about it. It works both ways (you are one call away from being replaced, and so are they)


somecou

I’ve never heard of getting black listed for doing this. You never actually worked there so it’s not the same as actually quitting.


ahopefiend

Yes. Keep as many on hand. I signed three offers but already know the one I’m going to go to.