Trending Content
| +83 | Big 4 Hate Propaganda | 18 | 1m | |
| +63 | CVP partners making 8 figures??? | 42 | 15h | |
| +58 | How is working 50/60 hours a week considered relaxed? | 13 | 19h | |
| +56 | IB compensation Pulse check | 19 | 3d | |
| +35 | Healthcare to Healthcare Investment Banking | 28 | 2h | |
| +33 | Intern hours | 10 | 1d | |
| +31 | May 2025 Grads Full-Time Recruiting | 45 | 2d | |
| +30 | Pros and cons of “low prestige” banks? | 8 | 22h | |
| +23 | S79: Using Knopman & Kaplan…good idea? | 6 | 6d | |
| +21 | Beef between Lazard and PWP | 4 | 3d |
Career Resources
delete
Can anyone site actual bank policy from JPM/MS/etc that they don't care about reneging? I totally believe there are specific teams/individuals that have poached people that already signed elsewhere, but I am almost positive that the firm-wide HR policy is that they will rescind your offer if you renege. I know someone who had an MS offer pulled after he reneged.
edit: surprised to see that JPM link above, but what I said is true for MS and I believe nearly all other banks
Obviously any bank that finds out you're still recruiting will rescind your offer.
I think they're asking if GS/MS/JP will still interview you if they know you've already signed and would have to renege on someone else. The answer is yes, they will. They don't care.
I work at GS/MS/JP and made this account to say that we have pulled offers of candidates who reneged on other banks for us. Either turn down your first offer or take the risk, can't have it both ways.
This isn't true. Kid at my school signed with an EB. Got offer from one of GS/MS/JPM and did not tell them he was reneging. Accepted offer, told EB he wasn't joining them, didn't say why. Somehow someone at EB found out, MD at EB calls MD friend at GS/MS/JPM. Offer gets revoked. Kid went from having two great offers to 0, now he works in PWM. People need to really think about the risks of this, and a bunch of idiots on here saying all the top banks don't care if you renege are just wrong.
Maybe if he was upfront and told GS/MS/JPM that he had already signed it would have been different, but I find that very unlikely.
Risks are way overstated. Every year there are people who renege (some even tell HR where they're going to) and I've never seen anything happen. You're completely fine - it's your life, don't live with any regret