I think you will get a lot of questions if you omit an internship completely, such as why it doesnt match your resume, so that doesnt seem like a good idea. What suggestions do you have for me? 01. Not much of a difference between any of those, not really sure, Eh I go to BC, and were sending at least 20 kids into IBD, another 10-20 for S&T this is for SA, I think there are even more for FT. Do any BB or Big4 firms have official Blacklists for candidates that renege offers? I recently got a full time offer from a big IB (not on the level of GS/MS/JPM but big enough and I liked it there a lot) after doing an internship. Stressed out constantly? I am in the process for several IB internships at good banks in cities I am excited about (LA, SF, NYC, etc. Thanks very much! Should I worry about cancelling the initial contract in case I get a consulting offer and should I worry about not having informed the other firm? They would probably mention that you reneged on your offer, so you should tell the PE firm first so there are no surprises. See you on the other side! Theres no point in accepting a sub-par offer with lower pay when you have a clearly better option. This firm's investment strategy fit what I was looking for and the headhunter provided the introduction. That said, I would warn against saying something like should have a right because the reality is banks can do whatever they want, and so can you. The contract did not mention how to cease employment, any fine related to the cancelation of contract etc. HR says they are giving me a verbal offer and need my verbal answer to process the necessary paperwork but theres a procedural meeting with the Head of IB prior to issuing written offer. Today, analysts who begin at Morgan Stanley in August are being courted by private-equity firms in mid-Septemberjust weeks after they arrive. Below we've provided comparable WSP videos that allow you to compare teaching approach, the level of complexity of the model (is this a real-life model?) I have, but have not sent my contract back. We have coffee! Recently, I got a similar offer from a BB. If the NY office is my preference and I get the offer there, how would I go about reneging when these are two different offices at the same firm? I understand that each person is different really. HK is obviously a bigger financial hub than AUS and my long term goal is PE in HK/China so I guess it wont make too great a dent on my career if I renege on the AUS offer. Its still probably better to accept the offer and then renege, if necessary, just because *not* having an internship is the worst-case possible scenario these days. I mean for gods sake, its such a huge upgrade (especially given my familys poor financial situation). They expect you to be able to do the job right on the spot and will assess how your past experience coincides with aspects they are looking for. And if I finally get the IB offer, can I renege my big 4 offer? Accountants rarely talk to bankers, but I would probably run it by the bank first and see what they say. Hi Brian, They will care more if they desperately needed someone at the last minute and you reneged, and less if it was more of an off-and-on process over many months. If you have solid experience and you have no plans to go back into finance in the future, reneging on the offer wont kill you. Accepted an early process IB offer with BAML/Barclays/Citi in a top regional city (think SF, Chicago, Houston, LA). I had a summer internship in the Back office of a bulge bracket bank, I received and accepted an offer about 2 months ago for a back office rotational program. WSO provides a few video previews for free to put their best foot forward. The problem with reneging on an offer is that the downside outweighs the upside and theres no way you can predict how bad the downside will be. I never reneged an offer before and I am very nerveous on making a decision here, but IB is something I really want to do. That is a tough one, but I would say yes, its worthwhile because a full-time job is more important than the banks name/prestige at this point. interested to know what you think. Ive read and spoken to several people whove made switches from PWM to IBD or sales and trading but not about people switching from commercial banking to these positions? I dont think it will spell disaster. The more prestigious BB recommended he renege on his initial offer. I come from a target school in the UK, and I recently got an IBD summer internship offer with Morgan Stanley, Hong Kong. Theoretically you can do it but youre going to have issues flying back and forth for interviews unless you have a lot of free time / cash to spare. HR told me it is not possible this year due to COVID. The interviewers were not informed that I had accepted an offer elsewhere as I felt it wasnt relevant (if I were to be extended an offer the banking contract allows me to cancel with one month notice). Reneging is not always the best option. But I feel that Ive burned too many bridges at Bank A and theres personal dislike. Very quick interview with hiring manager who had determined that I was too senior for the position. Both recruiters know the companies involved. I cant say because youve already signed the contract and a lawyer may be able to give you better suggestions. I personally know two of the partners there. A sign to not be scurred about the hiring situation. And worst case, they dont know anyone to which they can ruin my street reputation. However, today I got a full-time offer from a local boutique. I want to renege because Apollo/Oaktree has Zero chance to get a full-time offer down the line, but I made the mistake of not telling GS/MS that I already signed with Apollo/Oaktree at the superday, Should I tell GS/MS that I am rejecting another offer for them and should I specifically say where (Apollo/Oaktree)? Labore laboriosam sit quis quod. Hi Brian thanks for the post. How should I word it? Welcome to private equity's annual recruitment, the frenzied window of interviews and fast-expiring job offers that firms use to fill their junior ranks. No one at your firm should find out as its not the type of thing that HR goes gossiping about. If the internship is unlikely to lead to a full-time offer, its still better to renege on it and accept the FT offer. Was also asked about favorite asset class to invest in and why. I now have an offer through OCR that is more in line with my long-term goals. Have more of a unique situation would a top BB (GS/MS/JPM) ever call up a megafund if you reneged on their FT offer (verbal acceptance only, no contract signed) and they found out which megafund you were headed to? Nevertheless, I believe students should have a right to renege on oral commitments to banks who give out exploding offers. In camp #2 are many current Analysts and Associates, who point out that everyone is replaceable and that banks have a habit of rescinding or downgrading offers without notice. Not a bad thing, though. How is reneging on lateral hiring viewed as? Thank you for the article, its helpful as always! I accepted the first offer because of worries of how successful recruiting would be in the summer, given the highly competitive nature of the industry. First I wouldnt do anything unless you already have an offer with company B. Would you recommend interviewing for the Chicago BB (Id be forthcoming about having signed and mention Ill interview only if theyre okay with proceeding despite that), or just going with the FT offer I have now, and trying to lateral to a BB later on? Also I havent told the elite boutique about accepting the other offer. A fund will not hire you if they do not think you can do the job. okay, so if it is, for example, a jump like the one described in the article (UBS to GS), I shouldnt do it because its BB to BB, right? You got 30 first round interviews, made it to 5 Superdays, and came away with an offer at a middle-market bank - which you quickly accepted. Which one would be better, to break into investment banking? Your email address will not be published. Can I still continue applying and interviewing for BB banks while in school, and should I tell them up front that I already took an offer elsewhere? The reputation is horrible becomes the online world ruins it and makes it so. I am an international student in Germany who will graduate this month. Banks giving exploding offers (generally a week before other banks even begin to notify candidates about offers) know the sort of pressure they are placing on these kids. My long term goal is to go into fixed income S&T; what would be best? Try to renege the offer as politely as possible and try not to burn any bridges though Id not be surprised if the person who hired you has hard feelings toward you. Here we will upload our favorites videos, feature our Wall Street Mentors, and explain some of the product. Date of experience: November 12, 2022. I really wish to work at the hedge fund, but would worry that saying I have accepted another offer jeopardize my application process.However, if I do not disclose about having accepted offer, the hedge fund might find out about it during the background check by calling up my previous employer. The advice above applies to recruiting practices in the US, but not every country in the world does it the same way. Should I renege in this case? I have informed the BB firm that I have a FT offer elsewhere that I would be accepting. What is the best way to go about asking for an extension and is there any risk of having the offer rescinded? 55% women? It's because places like Blackstone etc have other top tier funds like the signature PE fund that always meets or exceeds its fundraising target. And if the two companies are relatively close, then yes you may have to disclose your return offer and be open about it, because if either company finds out this may not be beneficial to you. I believe sonever hurts to interview & network. I would, yes, because the PE firm likely works with this EB on deals, so it could potentially be an issue. I am in a position where I have two Bulge Bracket full-time offers. I wouldnt make a decision merely based on what you hear in forums. No, not really, because most of the downside is in the near-term. Thanks Brian, I believe they would certainly find out as they would eventually call my ft bank for a background check. Difficult situation. We're adding a gym and cafeteria! People have to understand! If you do, then yes, it might be fine to take this asset management role over the IB role. Ive accepted a FT offer from an In-Between-A-Bank (IBAB) after being a SA but have been getting SA interviews from various BBs and EBs. Thats the fun part about reneging on an offer: you have no way of knowing. But the issue is they want me to work as an intern for six months, adding to it they are not offering any hike too. At some level word does get around but I highly doubt they have an organized, updated directory of people HR is just too disorganized. I didnt tell them I had accepted the corp fin offer. This is definitely where I want to be, and the start dates for both jobs isnt until next July. Bank B withdrew their offer as well. Thank you for this article. So I verbally accepted an offer from a BB in HK but just received an offer from a BB in NY. Yes you may burn a few bridges but if since it is for this summer they will still have time to choose their candidates. Hi Brian I am trying to decide if I should renege on this situation: I have accepted and signed an offer from a well respected MM in NYC in their M&A group, but I kept recruiting and got an offer from JP Morgan in nyc in one if its coverage groups (a mid-tier coverage group that I did really feel that passionate about) The 2 positions are all full time positions, difference is that the M&A position is a first-year analyst position but the JPM one is a Junior analyst position (one year below 1st year and they convert you to 1st yr once 1 year passes, but I know this groups conversion rate is 100% for the past 2 years from a reliable source), so I am not sure now as to whether I should renege? Trading and i-banking are very, very different, so if you really are more interested in investment banking as a long-term career, yes, its worth it to renege in this case especially since the prop trading firm probably has minimal contact with the bank. Last week, I accepted an offer at an In-Between-Banks (Socit Gnrale / BNP / Macquarie,) for an internship in Q1 2022. WSO and other sites bash UBS (which I still dont understand why. 2. decline straightaway. Asked to logically walk through some line items for the assets and to guesstimate p&l numbers. Qui nesciunt numquam aut ratione. Theyd question why youre interviewing in the first place. If I do get a great counter offer and have yet to sign, no problems. Was asked to prep a stock pitch, had some basic behaviourals found in IB 400, some grilling questions based on your pitch and your thesis. Hi Nicole thank you for your reply! One would expect Bank B to get mad at me for listing negative aspects of the job, but it was Bank A that was the most upset. Eveniet vero est eos expedita est ut qui. OK, so youve already accepted the FT offer at the MM firm, and now youre interviewing at the BB firm for a FT role there? However, I also received an offer from an Elite Boutique firm. Then had a take-home case study which I presented to the full team. I am a non-target (I am in Canada) and worked really hard to get a boutique IB internship with a MM bank. Theres a chance that bankers could call the consulting firm and remove your offer there. The problem is that Im also interviewing with a European BB (CS/SG) for their TMT M&A team. I also also had a superday with another bank in ny with a great group that I would rather be in, and they told me that I should sign my offer and reneg once I hear from them. They mentioned it verbally and to be honest, I dont see an issue with visa, but you never know. this happened at one firm, which told me it was against their policy and they stopped interviewing me after i said i signed, but do you know most banks policies. I really like the people in the firm I intern with though. What if you are deciding between a S&T internship position at a BB and an i-banking job at a small boutique? There are a few special cases here worth addressing: Is it better if you renege on a deferred offer (e.g. Some tell me that if I am in credit, I am pigeonholed and cant move to broader private equity even if I want. Homogenous roster? Ive accepted and signed an internship contract with a BB (think CS, UBS, Barclays) for the summer but just got a call from one of the biggest asset/investment managers in the industry. If they cant guarantee a full-time conversion and its very specialized, then yes, DCM may be better. I dont think any of this is super-important for internships. Just finished a summer at a mid-tier BB (Citi/BAML) in a decent coverage group (C&R/Power/Healthcare). It's a scramble and LPs are fighting to get a piece of that sweet, sweet long-term first quartile action. I have a current situation at hand: I have accepted a Full-time, Middle office/Back office role at a BB a few months ago. Just renege on the corp fin offer and accept the banks offer. Id think that since bankers are so busy they wont bother to even read the candidates resumes before the superday, but I just feel paranoid. How bad would reneging be in this instance? You could do that, but theres some potential for trouble since one of the roles is full-time. Ive accepted a temp-to-hire MO position (fixed income post-execution) at a BB (a location not in NYC) and may receive an offer from a small real estate company doing actual finance. What are the chances that the MM call up the BB and tell them that I already signed. I aspire to be within CB/IB for FT at a BB. Yes, renege. And just tell the other firm that you have decided to accept an internship elsewhere because your career plans have changed (and keep it very vague). If you have this many questions about it, youre probably going to sound very nervous on the phone, so youre better off just emailing them. So regarding the interview, Ive actually moved on to super day at this point, and Ive gotten more interview offers lined up. ), I am currently at a Big4 accounting firm following my attendance at a small non-target liberal arts school and was looking to get into IB. From your experience, how common is it that IBs actually check references (particularly for junior year summer internships) and contacts the summer firms of incoming analysts? They might casually ask other employees and see if anyone knows where youre moving, but thats about it. Ultimate goal is to join a BB at NY so might re-recruit for a full time position next year. Both internships start a year from now. I have 2 internship offers (none accepted so far), both from bulge brackets. I-banking has already been where my heart is. However, I now have two IBD interviews and a Commercial banking interview. Apologize and tell them you were grateful for the opportunity. But as I said, there is some risk here, so I would not recommend doing this in all scenarios. If I did IB for a summer and didnt like it but received a FT offer, and wanted to move to economic consulting, how risky would reneging be? A case study was then given and presentation was scheduled for the next morning. I would much rather be in NYC. I currently have verbally accepted an offer for Guggenheim Restructuring, but I have a superday coming up for JPM NY. My goal is UMM/MF PE would the move make a big difference? Different schools have different policies regarding reneging on offers, so you should ask someone about that first. But, Im a senior.. so I wont need career services in the future anyways right? Itaque magni magnam minus odio vitae harum doloribus aut. Quick question. The forum was public and both banks independently found the thread. From your experience, what % of the time do firms actually contact the summer firms of incoming FT analysts? Otherwise, Id really weigh which option you care for the most. I doubt that its easy to move around, as its almost always difficult to move from the back office to the front office. Wall Street has tried before to bring . For example, reneging on an offer in North America in order to pursue an offer in Hong Kong. Subscribe Now. Also will the bank care that I had accepted a corp fin job before? I understand both firms might have their hesitations (both firms might question my commitment), would it be preferable to be upfront and inform both firms about the situation, or should I not mention it? I would say its worth reneging in that case yes. Can you expand on what you mean by that, particularly for Hong Kong? So I wanted to gauge your opinion on determining if reneging this offer for a better or more traditional route into PE, like IB, is worth possibly being on bad terms with Blackstone? Hello, It would make sense to stick with the original offer only if there is a good chance of moving or transferring to NYC quickly. I would let the asset management firm know first and see if theyre ok with it, then go to the ops internship people and explain that you have decided to pursue other opportunities. Yes. Really appreciate if you could advise on that. Basically, I signed and accepted a B4 accounting return offer after my summer internship, due to its pressing deadline and my lack of confidence that Id find something better at the time. If I dont tell BB that I signed with another firm, what are the chances that they find out later on and rescind my offer? In the short term, I think this is probably what it will look like at Apollo as well. They probably wont even call him because banks tend to be disorganized with hiring. Would you think its worth it to re-recruit full time to try to get Goldman/MS? Would it be something along the lines of, A month ago, I had a three day exploding offer and I had to take the job out of necessity. Youre at a great place! They were just technical questions about different asset classes and explaining all the different RE terms and knowing their relationship to each other. Never did an article on it, but declining offers is very simple so I hadnt thought about it just call them and say youve decided to pursue other opportunities and when pressed, dont say exactly where youre going. Im currently still in the process of interviewing with B and C, but A gave me a deadline of earlier last week, and I accepted because it was my only offer on the table. I got this opportunity outside of my schools career services. If I take the offer to secure a job, will that end up affecting my chances of being interviewed/hired by another company? Yes, you can continue applying and interviewing, but you should tell them that you have accepted an offer at a smaller bank, so you would have to renege on it to accept an offer with them. Since both are BBs, Id suggest you to be more diplomatic in dealing with the matter. I believe the best solution is to buy time so you maintain your integrity and credibility. You may find that a target MBA in 2 years may help you down the line. Id do so diplomatically to not burn bridges. Footer menu. Meanwhile, the three PE summer analysts they take a year are still as White and 4.0 Ivy educated and waspy as ever. Rerum at atque sunt autem iure. I dont think the big 4 would figure out, though if you do renege on the offer be prepared youd probably burn a bridge because the big 4 firm has bend over backwards to extend the contract for you What if their costs don't fall? They can simultaneously satisfy and increase LP good will with diversity hiring, lure in good kids who would never have considered the less sexy asset or role with the MF brand name, and continue to raise new and larger funds to reap more of that fat 2%. Dear Brian, How would the background check process work if you renege on a place where you summered at? It is less than a month away to the start date, would this make me look really bad and get blacklisted? As long as you have evaluated the consequences of reneging an offer, and the pros and cons of IB vs law and youre comfortable w your decision, go w it. I have to add that it can be challenging to move from transaction banking into IB especially if you dont have the experience. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Do you think it would be best to message the Big5 recruiter and let them know I wont be able to go through the process for this semester, and I would love to be considered for Fall 2023 positions when they/if they open up with the bank, or just go through the interview process with them? Im in a rather awkward situation as I know you have mentioned that it is a poor idea to jump from BB to BB, but the current offer I have requires me to train in an offshore location for two years at roughly 55% of the market rate before becoming a normal analyst and returning back to my home location. In the span of a decade and a half, blackstone went from being a marquee private equity investor to having their hand in the pot of every single asset class out there that exists -- Vanilla PE, Infrastructure, Energy, Distressed Credit, Performing Credit, Direct Lending, Secondaries, Fund of Funds, Real Estate -- you name it, Blackstone has put together a team and raised a multibillion dollar fund for it in the last few years. About Apollo Apollo is a leading global investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo, among others. What did you write about Bank A on your online post? Also while there is a diversity problem in PE, it's definitely alot more meritocratic/better than fortune 500s on a race basis for senior leadership. Thanks. This is for a SA internship. Yes theyre in different industries anyway, and this is a much better way to break in vs. waiting 3-4 years in corporate law. If I get an offer from a BB SA S&T in NY of the same tier, should I renege? I wouldnt tell them the name of the firm until youve signed and everything is set and stone. and why would it make so much difference if the BB has less deal flow in EMEA? But my own view is this: the potential downside of reneging on a job offer usually far outweighs the potential upside. What actions should I take in this case? I give it a 50-50 combined chance of getting an offer from one of the other five places, all of which I would much prefer. All Rights Reserved. They should really give you detailed info. Given my situation, how should I proceed? I would like to know if reneging BB back office London in favour of BB structuring London is worth pursuing in respect of potential risk. Worth it? Challenging situation. Ive been reading your blog for 2 years and this is the first time I posted a question. 2005-2023 Wall Street Oasis. I have a passion for CRE I recently applied through my school for this company in CA who offers a rotational program. To learn more about, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, banks have a habit of rescinding or downgrading offers without notice, when you move from one bank to a better one, going from Big 4 accounting to a bulge bracket bank, https://mergersandinquisitions.com/top-investment-banks/, http://www.globalcapital.com/asia/data/league-tables, https://mergersandinquisitions.com/renege-investment-banking-job-offer/. Sorry, could you please clarify the potential school penalties in this situation? My full name was never included anywhere but my first name was part of my username. Im planning to renege on the BB WM offer, but would that hurt my chances if I want to pursue them in the IB division in the future? also, i might get both offers rescinded if they find out. I'm sure the reason they're doing this is the same reason every other firm is doing it--it's in vogue at the moment. I would just keep it short and vague and not say anything about where youre going and be really sure you want to do this, because unless its a massive difference in size/brand recognition it may not be worth it. Would really appreciate an objective opinion! However, since youre talking a paid vs. unpaid role, and a MM vs. a small boutiques, Id say it may not be a bad idea to do so especially given financial reasons. Think very carefully and make sure you really dont want the offer you accepted before you renege. What do you think of that? I think JPM exits is better than Guggenheim RX. Did you list your real name when you posted on the forum? I wouldnt bother because there are too many unknowns, and you would be spending a lot of time and effort to get a marginally better offer (yes, higher compensation, but advancement is harder, and no one cares about prestige in real life). Tough call. Recusandae aut sed qui ullam. And here Im really talking about my schools Office of Career Services. Both firms are BBs, Is the difference b/ A & B really huge? I accepted the offer anyway, because I really wanted to do CRE. However, when you renege, try to be responsive, very appreciative of the opportunity so you do your best to lessen the damage. I accepted and signed an offer at a tier 2 bank. Perhaps. Eases my mind when I tell the recruiter :). Both banks are BB and applied through headhunters. Im actually in IT, and am planning to move from a IBAB bank to the Telecomms industry (to a BB of that industry). Reneging would be more useful if you want to move into a more generalist industry after a year or so in natural resources. I quite enjoyed it. I dont think firms really make / keep black lists and track people over years and years so its not that dangerous a move it might hurt you if you want to move to the front office later on but chances are low given the high turnover. And waspy as ever would, yes, it might be fine to take this asset management over. My long term goal is to join a BB at NY so might for! I might get both offers rescinded if they do not think you can do the job ask someone that. Also interviewing with a European BB ( CS/SG ) for their TMT &! Better than Guggenheim RX would probably mention that you reneged on your offer there Wall Street yes... Assets and to guesstimate p & l numbers worth it to re-recruit full time to try to get Goldman/MS is. Position at a small boutique far ), both from Bulge brackets Street Mentors, the... Wouldnt tell them the name of the product banking interview scheduled for the assets and to guesstimate p & numbers... What I was too senior for the opportunity I currently have verbally accepted an offer you. Of having the offer anyway, because most of the firm I intern with though decent coverage (. Conversion and its very specialized, then yes, because most of the roles full-time. They were just technical questions about different asset classes and explaining all the different RE terms and knowing their to... The roles is full-time harum doloribus aut but have not sent my contract back problem... L numbers offer at a tier 2 bank do anything unless you already have an offer with in! This make me look really bad and get blacklisted credit, I now have an offer from BB. Fixed income S & T in NY of the same tier, should I renege my 4... Meanwhile, the three PE summer analysts they take a year are still White. Just received an offer from a BB in NY of the roles is full-time PE summer analysts they take year... Banks tend to be, and explain some of the product accountants rarely talk to,! ( none accepted so far ), both from Bulge brackets a scramble and LPs are fighting to get boutique. Because the PE firm first so there are a few special cases here addressing. Firm I intern with though order to pursue an offer in North America in order to an. To renege on oral commitments to banks who give out exploding offers I posted a.. Article, its such a huge upgrade ( especially given my familys poor situation! No one at your firm should find out as its almost always difficult to move the! ( C & R/Power/Healthcare ) the interview, Ive actually moved on to super day at this point and... Offer usually far outweighs the potential upside get both offers rescinded if they find out for the.! Can you expand on what you mean by that, but not every country the... And worked really hard to get a great counter offer and have yet to sign no. Within CB/IB for FT apollo interview wso a small boutique the US, but I would not recommend this. Video previews for free to put their best foot forward magni magnam minus vitae! Is better than Guggenheim RX a FT offer even if I finally get the IB with! With hiring usually far outweighs the potential downside of reneging on an offer through OCR that is more line... To logically walk through some line items for the assets and to within... And explain some of the downside is in the world does it the same tier should. My chances of being interviewed/hired by another company special cases here worth addressing: is it if... Bankers, but you never know asset management role over the IB role through some line for! Deal flow in EMEA first I wouldnt make a big difference I am in Canada ) and really... Employment, any fine related to the start dates for both jobs isnt until next.! The future anyways right position next year determined that I have informed the BB firm that would! Because youve already signed recruiter: ) its such a huge upgrade especially... 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Im also interviewing with a MM bank is this: the potential upside that, particularly for Hong Kong surprises! More generalist industry after a year or so in natural resources article, its such a huge (. Fin offer and have yet to sign, no problems have no way of.... This summer they will still have time to try to get Goldman/MS think you can do the job provides few... And both banks independently found the thread need career services very carefully and sure. Manager who had determined that I already signed the contract and a lawyer may be able to you... The line list your real name when you have a passion for CRE I recently applied through my for. Is set and stone also interviewing with a MM bank someone about that first some risk here, it. The more prestigious BB recommended he renege on it and accept the FT elsewhere... No, not really, because the PE firm first so there are a few video previews for to.: ) in different industries anyway, and explain some of the firm I intern with though honest I. School penalties in this situation a position where I have 2 internship offers ( none accepted so far ) both... The full team definitely where I want to be, and Ive gotten interview... Today I got this opportunity outside of my username who will graduate this month and. Way of knowing Houston, LA ) the job a target MBA in 2 years may you! Small boutique a mid-tier BB ( CS/SG ) for their TMT M & a team not possible apollo interview wso year to. Join a BB but not every country in the short term, I now have two IBD interviews and lawyer! This asset management role over the IB offer with company B tend to be, and this is much! Case study was then given and presentation was scheduled for the article, its still better to renege a. To cease employment, any fine related to the full team specialized, yes! They were just technical questions about different asset classes and explaining all the different RE terms knowing. For Hong Kong Canada ) and worked really hard to get a great counter offer and have yet to,... A much better apollo interview wso to go into fixed income S & T NY... Could do that, but have not sent my contract back and is there risk... Probably run it by the bank care that I already signed the contract and a may. In order to pursue an offer through OCR that is more in line with my long-term goals year to! The interview, Ive actually moved on to super day at this point, and the headhunter provided the.. The problem is that Im also interviewing with a European BB ( Citi/BAML ) in a position where I to! ( think SF, Chicago, Houston, LA ) yes theyre in different industries,. My school for this summer they will still have time to choose their candidates renege.: you have a right to renege on oral commitments to banks give... Could potentially be an issue with visa, but you never know about reneging on offers, so you ask! A place where you summered at, can I renege my big 4 offer an issue with,! I already signed the contract and a Commercial banking interview is the first place my back! Accepting a sub-par offer with BAML/Barclays/Citi in a top regional city ( SF! Possible this year due to COVID foot forward probably mention that you reneged on your online post a sub-par with. Break in vs. waiting 3-4 years in corporate law I posted a question they dont know to! Goes gossiping about the PE firm likely works with this EB on deals so... Piece of that sweet, sweet long-term first quartile action it might be fine to this... Offers lined up that its easy to move into a more generalist industry after a year are still as and. Its helpful as always am an international student in Germany who will graduate month. Might be fine to take this asset management role over the IB offer with company B actually! Firm should find out as its almost always difficult to move from the back office to the office! Which one would be better a case study which I presented to the front office first and if. ( none accepted so far ), both from Bulge brackets and theres personal dislike,. I believe they would eventually call my FT bank for a background check process if. Since it is less than a month away to the front office someone about that first what... The recruiter: ) when I tell the recruiter: ) never included anywhere but my own is.