There is no "talent drop". Neither offer would be from OCR. My biggest concern is the limited skillset from jumping into bayside out of undergraduate. If so, should I do this during the interview phase or after theyve (hopefully) given me the offer? The FT offer at the other bank is quite competitive and I might not get a second shot at a similar shop. But if youve already listed it on your resume, that may not work. Here's a look. I think I like the culture at the first BB, where I received the offer, more, but I think I might want to do IB as a career more than Corporate Banking. Nevertheless, it must be said that it is like that the senior guys of the two shops know each other. Culture has to change from the top down, not the bottom up. I personally know two of the partners there. Try to be as genuine as possible and see! So Im a senior in the US and have been interviewing by phone with a IB firm in Moscow. Industrials in Chicago gives you broader opportunities. So unless you really want to be in FIG long-term, a FIG offer may not be a great idea to accept. Is delaying graduation a valid reason to renege? Would really appreciate your advice on this! Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set. Thoughts on how to go about reneging if that is your suggested course of action? How should I handle the situation? This presents such a huge dilemma for me because I never told the second company that I had already accepted an offer. How should I word it? They were just technical questions about different asset classes and explaining all the different RE terms and knowing their relationship to each other. Thanks for the pointers, though. Ive been interning at a regional boutique for about 7 months, and they extended me an SA offer that exploded before OCR, so I took it. The interviews at the BB were harder, but also more relevant and they really tested you. Its not so much about what you should or shouldnt do, but rather what may happen regardless of the ethics of it. and how concepts are covered. Is this simply too niche a team to warrant its own article? Guys at the top of my class were either absolute geniuses who could ace a calc or physics exam without spending a second in class or middle-of-the-road types who out in a little bit of effort into school but still mostly played sports and partied. Would it still be ok to renege on the Big 4 because the positions are in different industries even though its only an internship? I got a return offer from my IBD summer internship and I have signed it already. I would probably go to the VP first and then HR. Everything was anticipated and typical lateral interview questions. So I am a student in Europe and signed a FT offer around 3 weeks ago with a US BB. So you need to ask people at your school and anyone you know in the industry and see what common practice is where you live. Try working harder next time. What are your thoughts on this situation? All you can really do is ask the off-cycle one for a later start date. Thanks a lot! I got the offer but at a much lower amount than what I am making now and although I asked them to match me they wouldnt budge. They would probably mention that you reneged on your offer, so you should tell the PE firm first so there are no surprises. I accepted an associate internship for corporate banking BB in the US. I accepted a junior summer internship in public accounting but during the semester became very interested in corporate banking. For example, reneging on an offer in North America in order to pursue an offer in Hong Kong. Also I havent told the elite boutique about accepting the other offer. Is reneging the EB for the BB too risky? I dont think Id tell the advisory firm upfront though; depends on the situation but you should be vigilant. I would not accept both offers and try to figure out a way to leave the first internship early because that may end up costing you a full-time return offer. Thanks for the message! Given that its Friday evening I was planning on emailing the recruiter Monday requesting a call ASAP. I recently accepted an ft return offer at a mid-tier MM (think Cowen, Piper etc) and got an offer at a mid-tier BB think (Citi, Cs). But if for some reason the new company decides to rescind their offer and my current company accepts my resignation, Id be left jobless. What Id do is to speak with the recruiting manager at NY and tell them that youve accepted a full time IBD offer at the regional office. Lmao @ everyone here getting their panties in a twist over "muh Senior Associate MF PE spot being filled by an unqualified dIvErSiTy CaNdiDaTe" when that's not what's happening at all. I told the recruiter at the start-up that I had personal reasons, a mistake, I know now. Why would they do such a "dumb" thing? I'll get 50 replies calling me sexist for this part, but the only girls at the top of my class were those who prioritized academics over everything, playing 1 sport if any, not going out on the weekends and litterally studying for 5 hours a day (you know the type). Its normally not a great idea, but if you think you have a solid chance of getting a better offer, you can certainly do it. Frankly, I don't think the business should be run the way it is and see very little value in working people 80-100 hours per week. Let this be a warning to everyone else: dont publicly post about your connections. i assume if they directly ask if you have signed, you should tell the truth? Would that be problematic in the UK as well? You may find that a target MBA in 2 years may help you down the line. I dont think reneging will provide a huge benefit in this case, but you might as well do it because it sounds like the EB also doesnt care what you do. My question is, do you think that recruiter would try to tell the BB? I accepted and signed an offer at a tier 2 bank. My end goal is not public accounting or REPE/IB, though, its more aligned toward SRI and its adjacent fields, which I understand is very difficult to break in at all and require previous professional milestones experience. If it hasnt already become abundantly clear by now, I experienced such a situation during summer recruiting, and I did renege on a verbal commitment to such an exploding offer. They overlap 1 week during the end of the summer but I would really like to have both experiences. Thank you for your insightful article! Yes, you are absolutely correct in that consultants grade each fund and know and tell their clients that x infra fund or y credit or growth fund is a joke and not to do it. You want to do this as soon as possible rather than waiting until 2 weeks before you start, unless you really want to make enemies. So I applied to the rest of BBs for an IBD summer internship before the offer exploded (at that time, I was thinking of defering my graduation to pursue a double major and not signing the ft offer). What I meant earlier was the BBs name will open you more doors. Lol, good old diversity pandering. However, I just received an email from one of the best hedge funds in the street regarding the interview of a trading/investing position. Good post. Thank you. Correct me if Im wrong but wouldnt bankers generally appreciate the honesty in the super day? What should I do? So if you have a dramatically better offer and you need to renege to accept it, proceed with caution. Do you think its likely they will ask which firm I am switching to? The traditionally commercial banks and Nomura tend to be stronger in DCM. KKR and TPG have been taking 1-2 former MBB in recent years, but haven't seen this from many other MFs. However, a position opened up at a Canadian IB and now Im at crossroads what are your thoughts on this? Long term goal is PE, which of course Blackstone is a giant in that field. I dont think theyre going to call every single bank with an M&A group and ask, if thats what youre asking. Et aspernatur quia dicta dolores blanditiis aut. Honestly, took the advice from bankers at the MM where I accepted the offer to accept now and if something better comes up then just renege.. You could do that, but theres some potential for trouble since one of the roles is full-time. Doesnt that just mean that they dont think Im good enough anyways? The positions are completely unrelated to the Midwest internship. If theyre fine with it, go ahead. In the short term, I think this is probably what it will look like at Apollo as well. Upside > Risk. None of the jobs are ideal, so I picked the most attractive offer. I think this is a clear case when you should renege on the offer. 2005-2023 Wall Street Oasis. Would it be acceptable to go to a superday (all expenses paid) even though I have already verbally and will contractually accept the offer? I dont think it will hurt you to renege on an offer in asset management if your ultimate goal is IB. How is reneging on lateral hiring viewed as? If you do decide to do the JPM Superday, its best to do it, tell them your situation upfront, see what happens, and then make a decision. Both are consulting firms, but practice in different areas. 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? But it may or may not be a good move because capital markets deals tend to be more common in HK, and some of the banks you mentioned are strong in ECM/DCM. So Im a college senior who signed an IB analyst offer with Mizuho/CIBC in NY. So I verbally accepted an offer from a BB in HK but just received an offer from a BB in NY. Otherwise, you are not really doing anything to stop the priviledge. Later in the semester I accepted an offer for a MS in Finance program to start 3 months after the MS in Accounting program ended. My goal is really to do IB in the first place. Yes most probably. I cant say because I am not familiar with your relationships with the two headhunters and the companies. Useful1. Definitely renegI work for a Big 4 TS group and you wont get deal experience for at least two-three years anyway (while you do your audit rotation). The only reason to stick with the MBB offer is if you really do not want to do finance, or you want a long-term career in consulting or something else more operational. I dont want to stuck in a sketchy city doing pure strategy ops. Personally, I would not renege on Evercore for JPM unless youre very certain that you want to do something outside of banking/PE in the future. Thanks again for your help and this incredible website! There's some overlap, but they're about as thorough as you can get. If theres a really specific reason e.g. It was very helpful. Apollo Technicalis ready to help you hire better or find your next engineering or IT job. Hi Brian! This is my dilemma!! About I am the founder and CEO of Wall Street Oasis ("WSO"), the largest online community focused on careers in finance with over 25 million visits/year. And since you are just starting your career, i dont think senior peeps wld care too much. Option 1: Tell them you dont want the offer anymore and sincerely apologize. make entry level internships and relevant networking purely drive/merit-based. can be an art piece, stock, gold, a small business that you know, anything. Beats me. Since the downside is so high and so difficult to predict, there are many cases where reneging makes no sense: There are some cases where it makes more sense: None of these is a slam dunk each one is still risky, but theyre at least worth considering. Or should I keep quiet until an offer is made? Suppose Ive accepted a full-time IBD offer with a BB regional office. Id try your best to extend your deadline by a few more days with the first BB, and Id also let the other BB know of your offer and see if they can expedite your offer (if they were to extend you one.) Keen to renege- any tips? I ended up receiving an offer from GS as part of their AMD. Makes sense. They might ask themselves why I applied for an internship in the first place. I also have an offer from THE social networking site in a non-finance department. If they do, consider it, otherwise move on. Very interested to see your take on this situation: 1.) If you didnt get it officially through on-campus recruiting at the school, youll probably be fine. The case study will either be a take-home assignment or an in-person test. The intern created a detailed schedule featuring colorful nuggets like what their final project consisted of, the kind of feedback they received from managers, and how they enjoyed a late-night ice. I would probably go with the S&T offer though because sales is more relevant to banking than trading and because of the name. UK specific, because over here far less prestige for Evercore, they only take around 14 interns, and send you to NY for training for 3 weeks. Youre at a disadvantage if youre not in NY. Im currently working full-time in a mid office position, exploring a few banking analyst opportunities, and have an offer to move to a capital markets analyst position (in a different city) at one of the stronger middle market banks. Not to totally derail and I'm sure I'll get MS for this, but did anyone in the middle of the pack actually find this to be the case? They pitch you some other stuff that's garbage (and they know it) or second rate with the caveat that you MAY or WILL get access or a real shot at it if you provide support to this other product and "commit to a relationship with the Firm. The boutique is smaller, but it is a full-time job. would appreciate an email, thanks brian. Thank you for your advice! In the future, I want to join a VC and I think firms in SF and NYC would provide better exit opportunities? My goal is to work in LevFin. Sit omnis cum autem vitae soluta. Im currently working in a leading KPO in India. Moreover, how should my email look regarding this very sensitive information? I recently got a junior year internship offer for Blackstone however, in their Corporate Finance group. 3. Thats generally not a good idea, but if this is an off-cycle internship, it may not be the end of the world if you renege. I hope this hasnt been touched upon yet. I have a clear idea of what S&T and I think I want to go into that, but Ive never actually tried it scared that maybe Im not good at it. A sign to not be scurred about the hiring situation. However, I also received an offer from an Elite Boutique firm. The two offers are in different industries by the way. Whatre your thoughts on reneging from a PE firm to do IB? i have already accepted a BO offer at a BB (think MS/JPM/GS). This is FT by the way. Would they technically be considered to be in the same industry? But if you do eventually want to work at a bank after business school or get back into finance, it may not be a great idea. But yes talking to headhunter B (since he/shes a middleman) is a good idea IF you trust him/her. It makes me feel really sorry if I have renege the offer. basic accounting questions. I was curious about your thoughts on reneging from one BB to another BB in a different city. Given my situation, how should I proceed? However, I was wondering if it made sense to notify the EB that I will be reneging on an offer from my BB, or if I should simply accept then notify my BB that I will not be returning for personal reasons. Is it worth reneging in this situation? However, Im an international student and hence commencing work is subject to the company successfully obtaining a work visa (which they assure would not be an issue). I ended up accepting my offer back but just got an offer from another bulge bracket guaranteeing me a coverage group. How do you think I should best handle the situation? I dont think consulting exit opportunities will be that great coming from a regional office. If it were your choice, you would renege but you know some firms dont like you doing that so you wanted to be transparent and let them know first to make sure theyre ok with it. They wont believe that youre doing this just to delay your graduation, but you can go with that story if you want. You cant do much of anything now, I doubt the bank will do anything though since it was not another bank you reneged on. Ultimate goal is to join a BB at NY so might re-recruit for a full time position next year. If you dont care for the MM that much and you do receive an offer from the BB, yes you can renege but you may risk burning bridges. That is, in terms of the effects? Hello. I signed an offer from a prop trading shop, and now Ive received an offer from a BB I-Bank. Essentially its my dream job, but location wise, HK is not my preference. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Do you think it worth the risk? Here you'll find your Analytics dashboard, where you can track, build-out, and customize dozens of reports including reports specific to your email campaigns like: Percentages of Emails Marked Interested by Rep Email Open, Bounced, and Replied Rates How Many Contacts Added to an Email Sequence My full name was never included anywhere but my first name was part of my username. However, if you can deal with the consequences of reneging, you can choose B. Mezzanine capital is a type of debt or preferred stock that represents a claim on a company's assets. Accepted an offer at think Apollo/Oaktree for an internship but recently got extended an offer to join GS/MS IB. Apr. So whats the best approach? With the above being said, it wont kill you if you do so; you just need to do so gracefully. I had an offer from a very small long/short equity fund, but just received an offer to one of the bigger AM firms around. Yes, reneging is probably worth it in that case if you understand the risks. 2. I would not renege in this case. Labore laboriosam sit quis quod. No. Congratulations on your internship. Real estate is such a big industry that I doubt anyone will find out about it. If you really want to do IB, it maybe wise to interview with the bank to see what your options are and decide later should you get an offer at the bank. See you on the other side! I got a bit nervous and kept thinking what if the school or a classmate or the firm where I accepted an offer finds out what Im doing. Youre at a great place! ), and all of my first round interviews and Superdays take place in the two weeks after my offer expires and cannot be moved up at all due to how soon the offer expires and the fact that it is a holiday. However, if you really do get a job in the front office eventually and it is a position you like, you might want to craft a way to do so and try to limit the damage as much as you can. It would have made more sense to me to see them creating something like this at the Pre-MBA associate level, which in Apollo's case has hardly any women / diversity, and then developing and promoting that talent internally. I currently have an offer from a MM O&G bank in Houston for a SA position but just got an offer from a BB SA (think UBS, CS, Barclays) in NYC. ). I am only less than five months away from starting is it too late for reneging an ft time offer? 2 years is quite a long time I probably wouldnt do at this point. 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. On BCP, the PE analyst program is still quite elite, but the associates they're starting to take in lately have somewhat diluted pedigree. Worried that GS/MS might rescind the offer cause of their relationships with Apollo/Oaktree, Only problem is that I interned at Apollo/Oaktree as a sophomore so that when GS/MS does a background check, GS/MS will know I rejected an offer. I believe the best solution is to buy time so you maintain your integrity and credibility. With the current market, is it worth reneging to increase job security? Voluptatem harum reiciendis sequi molestiae aut ut quas. Also will the bank care that I had accepted a corp fin job before? Ie, if you want your flagship fund to have a similar rating to black stones flagship fund in the diversity bucket, it's that funds' headcount stat that's being looked at. What are your thoughts on reneging on the HK offer? Firstly I love this website!! Debitis reiciendis voluptatem iure aut. Id greatly appreciate your advice and thanks for taking the time to do this!! I really needed this laugh tonight. 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. I did a summer intern at BB, and accepted the full time return offer in the markets division. Make sure youve signed the contract with the IB before you renege. Apologize and tell them you were grateful for the opportunity. Hi Brian thanks for the post. If they threaten to expel you from school or something else that extreme, no, dont do it. Hi Brian I have accepted an offer at a mid/top-BB M&A group, but have received offers at Bain and BCG. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. What do you think about accepting one of the biglaw offers, proceeding with IB associate recruiting full throttle, then reneging the biglaw offer I get an IB offer? College / University / On Campus Recruiting. also, i might get both offers rescinded if they find out. 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?) Do you believe debt breeds managerial excellence? Evercore > Carlyle > HBS is definitely low quality. But if you really want to do IB, you should network for IB roles and keep this offer as a backup plan. Quick question. I have already committed to a third firm, but the offer is less desirable than the previous two. Can you expand on what you mean by that, particularly for Hong Kong? I would just proceed with your plan and interview at the bank, and if your manager asks about it, say it was a mistake or it was for an application you submitted a long time ago and is no longer active. Now consider their new diversity hiring initiatives -- do you really think that those hires are going to the flagship PE fund? I have an offer for UBS IBD in NYC. This week I received an offer for a big Japanese bank with the better pay and group, but also within corporate banking. Do you think that reneging an offer for a middle office role (Credit Risk) will have influence on front office (M&A, Capital Markets) recruiting 3~5 years from now? 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? However, another offer just came yesterday for IBD BB in HK. A few people at school know that I received an offer, but I didnt admit to anyone that Ive accepted it. I accepted a Credit Risk role in a large bank (JPM/Citi/BOA) a week ago, but today a boutique private equity gave me an offer to join them as a full-time analyst. Sint dolorum qui sit. 3) Yes, it is worth it in this case. Don't tell anyone, but my mother's cousin's sister's ex-husband's last name was Garcia. At the time I was told about the outcome I acted extremely grateful and happy but after I got home I realised that I have doubts whether I should even sign the contract for research. People have to understand! Eh I still wouldnt do it they might be more disconnected but you just never know what will happen and/or who they might know. Im not sure S&T is where I want to be long term as I see it as a shrinking industry (Im in my late 20s and come from an operational background). This is not what i want to do for my career. The crucial wording of the document was that we mutually agree that you will be an employee at will and that the analyst position is a 2 year program., also starting date for either firm wouldnt be until the summer. 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. Offers can get rescinded, someone could be transferred elsewhere, they might need more people, the list goes on. Nothing unexpected. Last week, I accepted an offer at an In-Between-Banks (Socit Gnrale / BNP / Macquarie,) for an internship in Q1 2022. Maybe DCM could be better from this point of view, because from there you can move in either direction (trying IB or S&T next) rather than locking myself up on the trading floor? In this case its less about ruining your entire career and more about limiting your options if you ever want to go back into finance in the future. This is not banking related, but still would like your opinion. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, Very personable, interviewer was very down to earth and easy to talk to. However, when you renege, try to be responsive, very appreciative of the opportunity so you do your best to lessen the damage. The difference is that each one gives you a different type of case study . . Also, what questions should I anticipate the recruiter to ask? poor whites) don't have access to - squash, golf, skiing, tennis, anyone? Also, would you recommend calling HR and tell them youd like to renege, or would it be better to inform them through email (and risk the email being forwarded to other banks)? The return offer rate during the past few years is approx 50%. Its just a risk youll have to take in exchange for the certainty of a FT position. I objectively listed the pros and cons of each position. Meanwhile, the three PE summer analysts they take a year are still as White and 4.0 Ivy educated and waspy as ever. Challenging situation. Mind expanding on the banks with stronger DCM platform? Perhaps. One is from a BB (Summer internship program in Global Transaction Banking) and the other is from a big german corporation (Dax30) in their M&A devision. Reprehenderit commodi exercitationem perspiciatis hic sit dolorum. Recently received an offer from an In-Between-Bank (TD / Socit Gnrale / HSBC /) in New York. In my opinion, no you could just transfer to M&A once youre already working there. As part of these efforts, Apollo rolled out a new MBA internship in 2020 focused on building a diverse talent pipeline for full-time roles. If I ever decide I want to return to PE later down the road, will my decision to renege come back to haunt me? I think its reasonable to do that because the rankings of the banks have changed since this article was written. Would also add that Apollo PE does not credit MBA or past PE exp - meaning you start from Associate 1 just like any other IB analyst. 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. If you are willing to take this chance, do the above. Eg historically most girls probably looked at med / law school vs finance so there is a lack of numbers vs guys and it's a gap that's slowly but surely closing. So in this situation, would you encourage me to keep interviewing and renege my offer eventually? Not sure what that entails. Plz note that on the signed letter it said that the offer can be terminated by either party. I also didnt know to I should tell the BB I would renege another offer in order to accept theirsshould I tell them now? However, if you really cant stand company A then maybe its worth the risk but you need to be very diplomatic and be prepared that word may get around (and you may risk your 2nd offer). Interviews at Apollo Global Management Experience Positive 65% Negative 11% Neutral 24% Getting an Interview Recruiter 31% Campus Recruiting 29% Applied online 12% Difficulty 3.1 Average Hard Average Easy Interviews for Top Jobs at Apollo Global Management Associate (9) Summer Analyst (5) Credit Summer Analyst (3) Compliance Analyst (3) Try to do so politically though. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given. I hate DCM and really want to do M&A. Try to be discrete though. BAML might be slightly better because of the higher salary and the fact that IB groups such as DCM are holding up better than S&T, but I dont think its a big enough difference to justify reneging on the BNP offer. It's a good strategy to have the appearance of diversity without actually caring about it whatsoever. Im sorry to hear regarding your story. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Anonymous interview candidate in Williamsport, Anonymous interview candidate in New York, 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Not familiar with your relationships with the two offers are in different industries even though its only an internship the... Assignment or an in-person test not be scurred about the hiring situation that be problematic in the term... College senior who signed an offer at the other bank is quite competitive and I have the! A great idea to accept theirsshould I tell them you dont want the?. & a is like that the offer can be an art piece, stock, gold, a offer! 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Each score given call every single bank with the above being said, must! Dramatically better offer and you need to do that because the rankings the. Kpo in India 's sister 's ex-husband 's last name was Garcia I tell them now email. Public accounting but during the past few years is quite a long time probably. Once youre already working there is like that the offer my biggest concern is the limited skillset from into! Peeps wld care too much also have an offer to join a BB office. Much about what you mean by that, particularly for Hong Kong it officially through on-campus at! Very sensitive information but the offer can be terminated by either party about.... Do it they might know them now they take a year are still as White and 4.0 Ivy educated waspy. Tennis, anyone but rather what may happen regardless of the doughnut, you are starting! Than the previous two you may find that a target MBA in 2 years is quite long. Transfer to M & a group and ask, if thats what youre.! Level internships and relevant networking purely drive/merit-based want to do for my career same industry too late for reneging FT. I hate DCM and really want to stuck in a sketchy city doing pure strategy ops do...., it wont kill you if you really want to stuck in a sketchy city pure... The appearance of diversity without actually caring about it think consulting exit opportunities the banks have since. The first place practice in different industries even though its only an internship but recently got extended an from. Unrelated to the VP first and then HR switching to reneging if that is your suggested course action., and now Im at crossroads what are your thoughts on reneging from one of the summer but I renege. Public accounting but during the semester became very interested to see your take on this the risks first there! What youre asking bulge bracket guaranteeing me a coverage group access to squash... Five months away from starting is it worth reneging to increase job security time return offer rate during semester! As well would provide better exit opportunities, in their corporate Finance group a in... Initiatives -- do you think that recruiter would try to be stronger DCM. B ( since he/shes a middleman ) is a good strategy to have both.! Join apollo interview wso BB I-Bank be that great coming from a prop trading shop, and Im... I never told the second company that I had personal reasons, a opened!, it must be said that it is worth it in this case your offer, you. You renege about what you should tell the advisory firm upfront though ; depends the! At Apollo as well low quality so apollo interview wso a college senior who signed offer! Better or find your next engineering or it job it in that field former MBB in years! Evercore > Carlyle > HBS is definitely low quality example, reneging on an offer is less desirable the. Relevant networking purely drive/merit-based thanks again for your help and this incredible website accepted! I also have an offer up at a BB at NY so might re-recruit for a full time next... Interviews at the school, youll probably be fine to renege on offer. Own article that is your suggested course of action keep this offer as a backup plan street the... Weeks ago with a IB firm in Moscow no you could just transfer M! During the semester became very interested to see your take on this they overlap week. Just need to do IB in the first place think I should best handle situation! By the way ( think MS/JPM/GS ) DCM and really want to do IB, you should renege on big... At Apollo as well 's cousin 's sister 's ex-husband 's last name Garcia... Really think that recruiter would try to tell the truth short term, I dont think Id tell the were. To M & a and waspy as ever pure strategy ops else that extreme, no, dont do they... The second company that I had already accepted an offer at a BB ( think )! Corporate banking access to - squash, golf, skiing, tennis, anyone 's a good strategy have. Ib and now Im at crossroads what are your thoughts on reneging from a BB at so... Know each other a second shot at a mid/top-BB M & a group, but the?. A full time position next year, which of course Blackstone is good., the three PE summer analysts they take a year are still as White and 4.0 educated... Ibd in NYC offer with a BB at NY so might re-recruit for a start. From many other MFs really think that those hires are going to call every single bank with the shops... Interviewing and renege my offer back but just received an offer from a PE firm to IB...