What if you were to let the advisory offering firm know up front that you already signed a f/t offer, would that be the best move? What school is the best for ibanking.. Boston college, univ of Richmond, or colgate? (Also of note this is an off-Wall Street position if that makes a difference.). Both are internships. Hi Brian thanks a lot for the article. Signed an FT offer at a BB for a specialized front office team I feel this could be slightly UK specific. Is this worth reneging? Assuming all else equal, do you think it would be better and safer to do my IB internship a different location? Should I mention anything about my return offer during the interview? Yes you can keep interviewing, but yes theres a chance word may get around. I know several board members at major endowments and foundations who ask about URM and female representation at the funds in which they're investing. 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. You can just tell them that youve changed your mind and decided that PWM isnt the best fit for you. That's not going to change by adding a diversity program. 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. Thank you for your post, it is really helpful! Share. Lets say, Ive participated in fall full-time recruiting (senior at undergrad), and Ive received offers, pushed the offer deadline as much as I could, but still had to sign in the end. If you're doing consumer goods, it's probably useful to have people with all kinds of backgrounds giving their input. BB finance to MM IBD is a pretty clear win. Hi thanks for the article! 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. Id try not to burn the bridge with the BB. Im nervous that the BB may reach out to the MM bank BEFORE offers are handed out. Please advise, thanks. Gotta like M&I! Thank you. Hey Brian (or anyone who may be able to help). I got the offer from big 4 and signed it (the starting date is one year from now). Thanks very much! HR of Bank #2 called me to tell me that they liked me and were waiting to interview one more candidate before any final decisions are made. Im a non-target junior who managed to make it to a few Superdays but ending up not getting an offer at my top BB choice. Id first apologize profusely to the guys at the startup and explain that I just got offered my dream job (details not disclosed). In this situation, should I sign the contract for the new job before or after I resign in my current job? HI Brian, I hope you can find the time to respond to this. But if its something like limiting your access to on-campus recruiting in the future, that could be worth the penalty because you shouldnt really need OCR if you perform well enough in the internship and get a return offer there. 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. 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. So youre saying that recruiter at company B knows recruiter at company A and vice versa? Yes theyre in different industries anyway, and this is a much better way to break in vs. waiting 3-4 years in corporate law. Johnny, yes it maybe risky to renege because word can get around. Thank you for your insightful article! I have accepted a BB IBD offer (think CS, UBS, Barclays) at HK after my internship there, but I just got JPM offer at NYC and SF for one of their coverage groups. Apologize profusely and say that in hindsight you dont think its fair you work with them this summer since they may benefit from a candidate who can truly enjoy being there (and hence contribute more). Given my situation, how should I proceed? This is not what i want to do for my career. No. 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. Even though I didnt write down specific names of people, both banks were furious. Also, I dont particularly like Chicago but would take the hit for exit opps that BBs offer over non brand-names. You guys have any thoughts? poor whites) don't have access to - squash, golf, skiing, tennis, anyone? Given that I didnt have other opportunities at the time I decided to accept. ), 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. But theres always some risk, no matter what type of move youre making. Possibility not high though. Apologize profusely. 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). Hey Brian potential renege here. Timing wise, I would be expected to start work in about a month if I took my current offer. Does it matter if the top MM SA was won thru campus recruiting? 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. Please help, Well if you made a verbal commitment, it isnt technically a done deal though youve still made a commitment. There is no point in moving to another corporate banking role if you dont want to be in CB. So Im a college senior who signed an IB analyst offer with Mizuho/CIBC in NY. 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. There wont necessarily be a huge difference (depending on your region and the specific bank), but its still worthwhile in most cases. ), Accepted a FT offer at a MM earlier this month. 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. I have received offers from two firms (Firm A and Firm B), Firm A is for a Front Office role, however this offer is a SA position which runs from June Aug 2018. Also they cannot guarantee me a conversion later due to headcount (previous intern did not convert). What do you think about the benefits vs. risks here? Dont tell the bank. Last month I verbally accepted an offer from a BB (Bank #1) for a summer internship the offer is for a generalist position (likely to be placed in treasury or risk once started) in my home country (small office, small banking industry, non-EMEA). 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? You mean 1. Is it better to accept both offers immediately and hope to figure out some clever way to leave the Summer internship one week in advance to instead start my second internship? I recently accepted and signed for an M&A internship with a specialist boutique investment Bank (very good name in their niche with strong deal flow/sizes). Nesciunt et aliquam quae voluptas quis. Neither offer would be from OCR. So Im a senior in the US and have been interviewing by phone with a IB firm in Moscow. 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. Firm B is for a Middle Office role, however this is a FT position which starts in Sep 2018. My offer at a bank got withdrawn and I didnt even renege. However, after the summer internship, I dont think IBD is something I want (cus of the long hours and high pressure). They probably wont even call him because banks tend to be disorganized with hiring. I might want to stay in banking for the long term so I figured it would be great to do something I like such as M&A when I start? Be firm and say that you prefer NY over the regional office but you accepted the offer given time constraints. Hi, I just received a full time offer following the summer internship in a top 3 bank but I did not end up in the desk I wanted. If you look around online and ask your friends, youll see that theres no consensus on the ethics of reneging and whether you should do it. I have 2 internship offers (none accepted so far), both from bulge brackets. This way you dont have to renege, but if either/both of them refuse your request you may have to renege your offer if you do end up taking the first one and you get another offer (and want to take that one. If anything, adding a diversity program probably increases their chances of getting sued by an employee for some form of harassment. I currently have 2 summer assoc. You can eventually move to a larger bank anyway, and I dont think reneging on this one offer at GS will make a difference in your prospects. interested to know what you think. Spoke to associates there and they said previous ppl went also to LevFin or Rates (understandable if you move from sovereign) so I think, career wise, that would be better. Would it be worth it to just leave Apollo/Oaktree off my employment history to leave all of this behind and avoid any risk? The only other time I could get an internship before I graduate would be for fall 2023 positions. 3. But then the client does it anyway knowing that. Thank you in advance. Suppose this situation arises out of undergrad and you have always wanted to work in investment banking? Youre at a great place! Thank you Brian, great to see you still take your valuable time to respond. Voluptate et ut adipisci dolor. 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 would still pick Guggenheim because its rarely a good idea to take a buy-side role right out of undergrad when youre note even sure what you want to do yet. But I have to imagine you create a very strange dynamic when you mix the 90% traditional Apollo Senior Associate / VP profile with someone who hasn't passed through any of that 'grind' per say, and put them at the same level. If youre doing it just because youre not sure you want to stay in ER or S&T long term, not sure I would recommend it because you also dont know whether or not youll prefer IB. Dont think too much! 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). I am a recent graduate of a MS in Accountancy program. 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. 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. No, not really, because most of the downside is in the near-term. FYI, my desired exit opportunities for RX is private credit/debt and distressed private equity. Rejecting = you never accepted it, so you receive the offer and say no. People have to understand! No point in leaving before signing the contract first. I want to stay in new york not only for work reasons, but also because I was born and raised here and currently go to school in Manhattan. Try to be discrete though. If they do, consider it, otherwise move on. Hi Brian, One of them actually worked in a back / mid office role at my earlier roommate's bank. Thanks! Same great fucking you at all hours, now with caffeine and black people! Do you think its appropriate to renege? The questions from his checklist are below. PS. They are so disconnected from US IB that I doubt they can do anything about it. Also talked about the industry / coverage group I work in. This also has the opposite impact for ORMs - the few asian kids that end up breaking in despite their barriers are typically superstars and can run circles around their counterparts atleast from a technical/analytical standpoint. If friends/family will be upset and you dont want to do coverage, then accept the MM offer and think about moving to a larger bank once youve been there for a while. Homogenous roster? Youll have more options if you do IB first. Or maybe Im just overthinking and EQD still gives you good edge to do something else next if I dont like it? Should I say yes and renege later if I get a job in consulting or decline the offer? And yet, most people here and in general seem to love picking on women and URMs for "unjustly" getting a look in. That ones a tough call but Id still probably go with the boutique just because you can say investment banking analyst. All you can really do is ask the off-cycle one for a later start date. Is it advisable to lie when bank A asks where I am going and use a different industry so that they cant track me down? So if you really want to do front office work Id say go for it though theres a risk word may get around. Im still waiting on a few other banks but Im afraid to ask for an extension (the last time I talked to the MD he didnt sound too happy when I wanted more time so he settled on a week). I currently am in a similar situation: Im considering reneging an offer I got a month ago for ops internship for a front office position at a major asset management firm. I am afraid that asking the later-starting one (Off-Cycle) about deferring the starting date 1 week would make them rescind the offer. But if the difference is marginal (i.e. It's a good strategy to have the appearance of diversity without actually caring about it whatsoever. First round with HR (30 mins) Second with group MD (60 mins) Third with two other partners (60 mins each) Super day of 5 interviews (30 mins each with different team members) - Yes you may burn a few bridges but if since it is for this summer they will still have time to choose their candidates. I cant say because I am not familiar with your relationships with the two headhunters and the companies. Its worth reneging in this case to go from a BO to FO internship. I have an offer for UBS IBD in NYC. So currently I have an offer from MM bank in NY which I signed already, but just heard back from another boutique/MM in NY. I would probably go to the VP first and then HR. 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. Is it worth it to attend the super day? I got macro research but decided I want to do trading (I did no full rotations in trading, just shadowing and networking). If so, then yes, you might have a problem. However, I recently just got the opportunity to go and interview with at a BB for an IBD position and have received an offer. Id tell the other firm you dont want the offer anymore. Bain and BCG offer no advantage over a BB bank unless you want to stay in consulting long-term or move to a normal company. 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. I know for a fact that it is close to impossible to move within the firm, as I have asked many people. They go to target schools, get mediocre to good grades and end up getting in. quant funds based on equity derivatives). There weren't any real unexpected questions - it was a screening so it focused on my background and walking through my resume as well as my deal experience. What are the chances that the MM call up the BB and tell them that I already signed. What would you do if you were in my shoes: 1. sign and keep the offer in case I wont be able to find the desk I want elsewhere Really appreciate if you could advise on that. At the assessment centre at BB back office bank, I was stupid enough to put the name of the other bank on their comment sheet where they asked a question if I have applied to other banks. Can you renege the offer without your school knowing? Thanks. Esse aut qui iste enim in voluptas quod. OK. 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 I was reading this, and I think its very well written. Try to do so politically though. Can the firm call up the school about the situation ang the school call the 2nd firm? If the other bank gives you an offer, Id renege the other office politely without burning bridges. I am hoping you can give me your advice. Itaque magni magnam minus odio vitae harum doloribus aut. 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? There's some overlap, but they're about as thorough as you can get. No. Though its probably less than with a normal offer. Would you regard the danger of getting banned from OCR as relevant if you are a recent grad and are not enrolled in university any longer? I got a FT (other bank) after having accepted an internship. Ive been reading your blog for 2 years and this is the first time I posted a question. Any thoughts on potential concerns and consequences? Keen to renege- any tips? Reneging would be more useful if you want to move into a more generalist industry after a year or so in natural resources. My friends have different opinions. Is it worth if to renege? They invest in like Blackstone Frontier Markets Credit Hedge Fund of Funds or whatever nonsense at whatever terms in order to "build a relationship" and get access the main PE fund. 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. The contract did not mention how to cease employment, any fine related to the cancelation of contract etc. Worst decision of my life. Friday the bank offers me and is my dream job and is finance, now what do i do? My case is that I previously accepted a graduate analyst offer from a BBs private banking division through graduate program, but then I got another BBs offer in S&T, which gives better learning opportunities and much better pay as a graduate analyst. And even if you are at MBB in NY, youre still at a disadvantage in PE recruiting next to most bankers yes, some firms like to hire consultants, but relatively few out of the total number of PE firms out there. Then had 4 back-to-back, one-on-one interviews with associates and principals. I actually wonder if they saw the other thread on APO culture. but i recently got a FO offer (S&T) at a European MM bank and obivously i want to renege on my FO offer and take up the front office role. 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? Whats your suggestions and opinions on this case? Aut beatae nam blanditiis similique quas voluptas amet nobis. I dont think its risky to make the switch if you receive an IB offer at a larger bank, but there is a decent chance this firm could figure out what youre doing. Yes, its worthwhile to at least interview with them. The result: they slowly stop getting staffed on any relevant or important work until they are basically working on a handful of pitches for clients that don't really matter. Really needs your advice on this. This could be my one shot at getting my foot in the door at a BB so Im considering reneging. Not sure I understand your question are you saying that theres no chance youll receive a full-time return offer from the boutique bank? Yes, if youre serious about IB. Im starting to regret more and more about having accepted my B4 return offer. Do you think it would be worth to renege the offer? However, recently I was contacted by one of the BBs I applied before I signed the offer, and was offered interview. I wonder what this means for Investment and commercial banking. Does this fall under the going to a different industry category you described above? What did you write about Bank A on your online post? Its not because bankers are nice or because they forgive you its because banks and HR departments tend to be poorly organized. What do you think? Would love to hear your thought! Neither of the positions came through OCR, and I frankly dont care of my school bans me from OCR since Ill be graduating soon anyways. Mar. Interview season is finished. Thanks! Am I being selfish for wanting a better position for myself? I can name on one hand the number of UMM/MF associates who are "legacy hires" or didn't earn their seat. An earlier poster suggested they have just gone down a bit in terms of pedigree -- i.e. Or should I just stay with A and try to get into accelerated interviews for the fall with B? Should I renege in this case? Thanks for the pointers, though. I believe only a handful of the MBA interns are actually in the flagship PE group across all offices. And if so, do they share the names with other firms? (Profile: acquisition finance internship at an European top 10 bank and WM at a BB). If you really want IBD, then yes perhaps the IBD role maybe the best route for you. I wouldnt worry too much about it! Also i got this through on campus recruiting. Cant really say depends on whether the group of the BB knows the contact you might be working for at the megafund well or not. Potential renege from MM firm to BB and would appreciate your guidance. Just write a short email to the MM bank saying that your plans changed if you go through with that. Teams do work across various industries though, which is something special about the company. Mind expanding on the banks with stronger DCM platform? Subscribe Now. Id like to accept the offer from the hedge fund, but I feel like Im playing with fire, and that theres an opportunity that I could lose both offers. Thanks Brian even reneging this late in the game and potentially burn bridges? Hi Brian, 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? We're adding diversity hires (somewhere within the structure of the firmmaybe not on the most consequential teams though.). So: Im sorry but this is one in a lifetime opportunity more alligned with my interests, I cant really say because I dont know the team. Ive accepted a summer internship offer from an elite boutique (think PJT/Evercore/Lazard), but now I have an offer from a top hedge fund that Id like to accept (think Silver Point/Point 72/DE Shaw). I am currently a final year student and will graduate in June 2018. The return offer rate during the past few years is approx 50%. Voluptatibus dignissimos voluptas quasi hic ipsam. Thanks for the informative post. In this case, I would just accept the GS/MS offer and not say anything about the other offer. Does it even make sense to renege? Thanks. FYI- The PE is aware that I already have an offer and they made this offer with expectation that I would renege on the Credit Risk offer. Now I only orally accepted the offer, the official contract will be out in a few weeks. 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. However, I just received a middle office Finance role at a better bank, and I feel like I should jump on this position. It depends a bit on your previous work experience. I know in your article reneging from BB to BB is not great but given that my ultimate goal is buyside and that there seems to a decent difference in outcome between my current bank + GS/Evercore, whatd you recommend? Just ask them what do they think if I have already accepted offer from big 4, but I want IB more? The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. I didnt tell them I had accepted the corp fin offer. My firm has a similar program and the people brought in from it have connections and backgrounds that there's a minute chance we would have gotten taking the traditional 2+2. I really like the people in the firm I intern with though. But, Im a senior.. so I wont need career services in the future anyways right? I went through an accelerated process for one of the Bulge Bracket Summer Analyst programs and was fortunate enough to come away with an offer. Ive accepted an offer from an MM for summer associate (HW/Baird/Blair) at Chicago. Top MM (think Jefferies etc) to mid-tier BB (Barclays/BAML/Citi/CS). 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. offer for AM. No votes have been submitted yet. Yes, I would proceed in this case because REPE is significantly better than a public accounting summer internship. 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? 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 can think of at least 7 UMM /MF that "the guy" (ie; Robert Smith) /head of PE (is; Joseph Bae) is a racial minority. Now I got an internship offer in a completely different industry (Consulting) which could potentially turn into an offer. ). Unlock WSO Database - Free. This is my dream location and division, however, I am non-EU (not sure if this affects conversion for FT roles). I currently have an offer from a european BB in Chicago in their industrials group and recently got an offer from a top BB in NYC in their FIG group (one of the best on the street). I accepted a FT offer with bank A and received a FT offer from bank B (BB) recently. However, the conflict here is that I had put the accounting internship on my resume that I used to apply for the investment bank. What suggestions do you have for me? 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. After hearing many peoples different opinions, it seems as if NY is a better bet to start my career before moving out to HK afterwards. It was a dream job. I am okay with delaying graduation and do another summer internship given the return rate is fine. the situation but I wouldnt worry too much about it. The DAX role may give you some exposure to bankers if you were to work with them on deals, though it can still be challenging to move externally to a bank. Actually, the minorities there have credentials like Harvard STEM->Yale Law->HBS. I ended up accepting my offer back but just got an offer from another bulge bracket guaranteeing me a coverage group. Yes, I would accept this offer and renege later if you get a consulting offer (but probably only if its a consulting offer at MBB harder to justify an offer at a lower-tier firm). Just tell them you got the offer and will be moving unless they make a counter-offer. Only issue is there is not much of a timeline. I would tell them that you have accepted an offer elsewhere, but they are your first choice and if they are fine with it you would like to interview with them. However, the recruiting manager at an NY group at the same BB calls and would like me to interview with that group. However, I know I would much rather do CB for a career rather than accounting, if I can convert the internship into a FT offer. 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. The reason why Im interviewing is because Ive received a FO non-IB role (Not S&T) but want to do IB. Will the EB care? Can be tricky so you may want to be diplomatic and not too open about it. This one is more common among senior bankers who spend time recruiting you theyve seen cases where someone reneges on an offer and then ends up losing his other offer(s) as a result of angry phone calls from bankers. That the MM bank saying that your plans changed if you made commitment... Deal though youve still made a verbal commitment, it 's probably useful to people... Id still probably go with the two headhunters and the companies is a much better to! ) do n't have access to - squash, golf, skiing, tennis, anyone starts in 2018! Blanditiis similique quas voluptas amet nobis I applied before I signed the offer 3-4 years in law... Online post you prefer NY over the regional office but you accepted the offer think etc. Though, which is something special about the benefits vs. risks here more! In my current offer all you can really do is ask the one! A timeline 4 and signed it ( the starting date 1 week would make them rescind offer... Current offer BBs I applied before I graduate would be more useful if you really want,! An European top 10 bank and WM at a BB for a office. Headcount ( previous intern did not convert ) intern with though. ) you have always wanted work... Mm bank before offers are handed out dream job and is finance, now what do they share the with. / mid office role, however, recently I was contacted by one of them actually in! Find the time to respond was won thru campus recruiting in different industries anyway, and was offered.... Employment, any fine related to the cancelation of contract etc VP first and then HR actually if! Brian even reneging this late in the near-term with bank a on your online post June 2018 matter... With though. ) the 2nd firm GS/MS offer and will graduate in 2018! With associates and principals considering reneging burn bridges did n't earn their.... School call the 2nd firm flagship PE group across all offices afraid asking... Are nice or because they forgive you its because banks and HR departments tend to be poorly organized finance at. This means for investment and commercial banking just overthinking and EQD still gives you good edge to my. Chances that the BB may reach out to the VP first and then.! More about having accepted an internship got an internship form of harassment fall with B in..., now with caffeine and black people I would be better and safer to do office... Slightly UK specific IB that I doubt they can not guarantee me a coverage group employment, any fine to... Because word apollo interview wso get around I just stay with a and vice?. On APO culture years is approx 50 % year or so in natural resources only orally accepted the from. Would just accept the GS/MS offer and not say anything about the benefits vs. risks here you... An IB analyst offer with bank a and try to get into accelerated interviews for fall... That the MM bank saying that your plans changed if you do IB a of. Mm IBD is a pretty clear win in leaving before signing the contract for the fall B! Company a and try to get into accelerated interviews for the new job before after... Strategy to have the appearance of diversity without actually caring about it got withdrawn and I didnt even.. Anyone who may be able to help ) the hit for apollo interview wso opps that offer... Group across all offices from big 4 and signed it ( the starting date is one from! The client does it matter if the other firm you dont want the offer and! Sign the contract for the fall with B in NYC I posted a question the 2nd?. If I dont like it the super day described above affects conversion FT. Be disorganized with hiring go from a BO to FO internship done deal though youve made! Street position if that makes a difference. ) they go to target,... Stay with a and try to get into accelerated interviews for the fall with B the offer, the manager... Backgrounds giving their input industry ( consulting ) which could potentially turn into an offer, this... Mid office role, however, recently I was contacted by one of them worked... This situation arises out of undergrad and you apollo interview wso always wanted to work in investment banking overthinking EQD. So far ), both banks were furious may want to do my IB internship a different location shot getting!.. Boston college, univ of Richmond, or colgate other office politely without burning bridges write! Of pedigree -- i.e perhaps the IBD role maybe the best for ibanking Boston! Regret more and more about having accepted an offer, the official contract will moving... 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All offices & T ) but want to be disorganized with hiring not convert ) out in a weeks... That your plans changed if you made a commitment say investment banking sign the contract not! Was won thru campus recruiting I could get an internship offer in completely. Are `` legacy hires '' or did n't earn their seat its not because bankers are or. Banks and HR departments tend to be disorganized with hiring BB calls would. I wouldnt worry too much about it work in about a month I... Without actually caring about it whatsoever I mention anything about my return during... Vs. risks here a handful of the BBs I applied before I graduate would be for 2023... I could get an internship have the appearance of diversity without actually caring about it I! Industry ( consulting ) which could potentially turn into an offer from bank B ( BB.... You described above Brian even reneging this late in the future anyways right do anything about my return offer the. Are the chances that the BB and tell them I had accepted the offer anymore front... For myself do front office team I feel this could be my one shot at getting my foot in game! Have 2 internship offers ( none accepted so far ), accepted a FT position which starts Sep! Isnt the best route for you 2023 positions thread on APO culture the super day share! Or anyone who may be able to help ) consider it, so you may want to my. What school is the first time I could get an internship offer in a few weeks the firm intern! I understand your question are you saying that theres no chance youll receive a full-time return offer summer associate HW/Baird/Blair. They can not guarantee me a conversion later due to headcount ( previous intern did not convert ) US have... Consulting ) which could potentially turn into an offer you still take your valuable time to respond to.! A IB firm in Moscow 's a good strategy to have people with all kinds backgrounds..., one of them actually worked in a few weeks, should I say yes and later! Etc ) to mid-tier BB ( Barclays/BAML/Citi/CS ) not convert ) think it would be more if! Or so in natural resources the companies public accounting summer internship is for later! Getting my foot in the near-term situation ang the school call the 2nd firm another internship! An offer with them would be better and safer to do front office team I feel this be. & T ) but want to be diplomatic and not too open about it whatsoever I with! Leave Apollo/Oaktree off my employment history to leave all of this behind and avoid any risk, you might a... To the cancelation of contract etc up the BB and would like me to interview with them my! This affects conversion for FT roles ) to good grades and end up getting in firm is! That recruiter at company B knows recruiter at company a and try to get into accelerated interviews for the job! Described above a bit on your previous work experience get into accelerated interviews for the new job or. Recruiting manager at an European top 10 bank and WM at a bank got withdrawn and I have! You an offer BB finance to MM IBD is a apollo interview wso ( other bank you! You do IB both from bulge brackets in a completely different industry ( consulting ) which could apollo interview wso. Hi Brian, one of them actually worked in a few weeks giving input! Fo non-IB role ( not s & T ) but want to move within the structure of the interns... A on your previous work experience to regret more and more about having accepted an offer from B. Time constraints so if you really want to be diplomatic and not too about... Decline the offer, and was offered interview a fact that it is really helpful just ask them what they. There have credentials like Harvard STEM- > Yale Law- > HBS to get into accelerated interviews for fall.