Reneging on offer - Wall Street Oasis While reneging is acceptable, you don't want to be telling your new firm that you haven't accepted an offer when you actually have There is a possibility, low but plausible, that someone gets pissed and rats you out, and that your new firm then holds it against you that you lied
Consequences of reneging offer (mid-level Analyst)? - Wall Street Oasis Reneging on an offer, especially after accepting it, can have significant consequences in the finance industry, which is known for its tight-knit professional networks Here’s what you need to consider based on insights from Wall Street Oasis discussions: Professional Reputation: Reneging on an offer can severely damage your reputation
Reneging - Wall Street Oasis Reneging is not always some business decision (like the sponsors hitting their bids you mention below), we're talking about people's livelihoods, career paths, family life, location, etc - things that frankly are more important than "keeping your word" (turns out at-will employment is in-fact two way, must be shocking to you I know) to a big
Reneging on Aso offer after failed raise? | Wall Street Oasis Based on the most helpful WSO content, reneging on an offer is a delicate decision that requires careful consideration of both short-term and long-term implications Here are some key points to weigh: Burning Bridges: Reneging on an offer can damage your reputation with the firm and potentially with the recruiter who facilitated the process
Reneging on a Lateral Offer - Wall Street Oasis Reneging on an offer, especially at the lateral level, is a delicate situation and can have significant consequences Based on the most helpful WSO content, here are some key considerations: Reputation Risk: Reneging on an offer can burn bridges with the MM PE shop While they may want to maintain a relationship for potential LP dollars, the
Reneging - Wall Street Oasis If you're thinking about reneging, though, you need to go about it very carefully because if your bank finds out they'll rescind your offer In my case (top 3 BB) I've communicated directly with HR that a candidate is already signed and they don't mind interviewing them anyway
Reneging on an already accepted internship offer Schools punish students for reneging on an offer because they believe it makes the school look bad This can happen whether the offer was through OCR or not However, there is a chance the school will go lighter if you renege on a non-OCR position because it is likely that the school does not have a preexisting relationship they are trying to
Reneging BB SA Offer? - Wall Street Oasis Reneging a BB offer is never an easy decision, particularly if your BB offer is from Citi BAML and not a (weaker) European BB like UBS However, given the current environment in London, FT recruiting is very limited and, therefore, the decision which bank to choose for SA will also have a significant impact on your FT recruiting
How bad is reneging? - Wall Street Oasis As others have said, there is no legal consequence However, you will, at best, destroy your relationships at the firm you are reneging from, and, at worst, lose both offers if people find out and are being vindictive There may also be consequences for your school, and maybe even for the person who referred you
Reneging -What do I say - Wall Street Oasis MD told HR Kid's offer disappeared MD does not care at all about some incoming intern compared to his friends anyone else he has a working relationship with- you can bet your ass if anyone at the bank you are reneging from wants to ruin your career, they can easily do it