apollo interview wso

I accepted and signed an offer from company A but am now regretting it, and prefer company B. Just want to get this right since its so hard. I need your advice. Doloremque maiores repudiandae quia. A case study was then given and presentation was scheduled for the next morning. I am a senior graduating from undergrad this upcoming May. I am in a position where I have two Bulge Bracket full-time offers. Share. tiny 2-person boutique vs. bulge bracket). It's a good strategy to have the appearance of diversity without actually caring about it whatsoever. Yet I did not hear back from any of the banks I applied so I decided to carry on and sign the offer for now and try internal transfer the next year. Have you ever heard about something like this happening and was I treated fairly? And there is a risk they (A) may know you have another offer from B and they will tell B you reneged their offer. No, they wont care or remember if you renege. Follow your gut. 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? It's easy enough to create these type of programs for Pre-MBA roles, particularly in banking, where the work is not that challenging and the difference between the best analyst in a group and the worst is significantly smaller. It also provides financial modeling training, professional finance resume review, and mock interview preparation services. I currently have verbally accepted an offer for Guggenheim Restructuring, but I have a superday coming up for JPM NY. They are so disconnected from US IB that I doubt they can do anything about it. Yep though words could spread so dont burn bridges! Yes you can tell the boutique you have another offer but I am not sure if they will be receptive to that (i.e. Im really confused as to what I should do and how negative reneging on my offer (if I choose to do so) would be for me and my career? 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. Now since I am 100% sure I wont go to that place to work, should I call again or should I just write an email. Hi Brian, Apologize and tell them you were grateful for the opportunity. 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. Tough call on this one. Most 20-something guys in consulting/banking/law aren't thinking a lot about kids or other long-term life plans. You should tell them at the start of the interview so they know upfront that you would be reneging on another offer. Hi, i have 2 offers. I dont have much to add one tip is to not spend a lot of time deliberating and going back-and-forth on your decision because that will just make the call harder. Not worthwhile for an incrementally better offer, though. Vel aut qui et quas recusandae nemo. Thanks. Both recruiters know the companies involved. Thanks for the quick response! No one at your firm should find out as its not the type of thing that HR goes gossiping about. 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/. I really like the people in the firm I intern with though. Or should I accept and keep my mouth shut? There are a few recruiting events in the near term future, and I was wondering whether to attend them. You should prioritize the summer internship if it leads to a return offer because that matters far more than getting another similar internship from another bank right after the first one. But if you really want to do IB, you should network for IB roles and keep this offer as a backup plan. Is reneging the EB for the BB too risky? If I take the offer to secure a job, will that end up affecting my chances of being interviewed/hired by another company? Ideally, I would like to leverage the FO internship this year to help me with SA /FT interviews at BBs next year. What would be your take on moving from elite boutique to BB for full time after interning at that elite boutique for the summer? Im looking to pursue a front office role in the future and fortunately, I received a FO summer internship offer at a reputable bank in Asia last week. If you switch to normal PE early enough, you wont be pigeonholed. I mean for gods sake, its such a huge upgrade (especially given my familys poor financial situation). why would a spot open up if some other guy didnt renege? Id call and email out of respect for that firm. This approach has helped to make Apollo an investing giant with $433 billion in assets, second only in the private-equity world to Blackstone Group Inc. Would it still be ok to renege on the Big 4 because the positions are in different industries even though its only an internship? One of them actually worked in a back / mid office role at my earlier roommate's bank. See you on the other side! Is it really that risky to renege? Maybe youll tell a VP when hes already having a bad day, and hell take out his anger on you; or maybe youll catch an MD in a good mood and he wont sink your career with a few phone calls. 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. Ha, I love this situation! If I join firm A, I will eventually try to move to the other location in 2-3 years. Oh and also, you're probably not getting that Associate spot anyway so stop bitching that someone else is gonna take it and start working on winning it for yourself. I received an offer from a large bank in Charlotte in IB (i prefer not to mention the group). In that case its worth it to switch since theyre in different countries and groups I would not hesitate to renege. My real concern is, how do I prevent the BANK from knowing this or calling him? Thanks for the great post. What if you are deciding between a S&T internship position at a BB and an i-banking job at a small boutique? Enter the slick (and very well paid) IR people or at times the odd senior investment professional. I also think that I should have a better experience as teams are leaner in the second option. It also depends on how much you like the second offer. Id do so honestly with grace though. Then got offered by a top 3 bank who asked had I signed anything to which I answered no. Yeah, it happens. This is for internships by the way not FT, Hi Brian, would you renege a internship BB FO (ER, S&t) offer for a BB IB offer? I didnt use OCR for the MM but did get my BB offer through OCR. Jefferies is slightly better depending on how you rank firms, but I dont think its a big enough difference to renege. Throughout the thread, I never indicated I would renege and I was always in favor of Bank A. I never accepted the second offer. Is it really bad to switch banks later on, especially since this guy helped me so much, and basically created a one-person internship just for me? 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. HI Brian, I hope you can find the time to respond to this. Was this interview insight helpful? Thanks so much for your advice, thats basically what I was thinking as well. It wont hurt you as much as reneging an offer but yes it will be harder to work there assuming that youre dealing with the same people who made you the offer originally. likely not since all humans are biased It would make sense to continue interviewing and see how it goes first. Also, should I disclose to the bulge bracket bank that Ive already accepted an offer when Im going to the superday? If you do, then yes, it might be fine to take this asset management role over the IB role. How would you see it if it was reneging an internship for a FT offer? Youd also need to make sure youve signed the contract etc with the other firm first. Or should I just stay with A and try to get into accelerated interviews for the fall with B? 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. Do you think it would significantly hurt my career after graduation? 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? If I do renege, would US BB be able to contact HK BB about this situation? Thanks for visiting! 2nd internship (mid Aug -mid Sept). Here's a look. ), 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. Hey. Yes you may burn a few bridges but if since it is for this summer they will still have time to choose their candidates. Everything was anticipated and typical lateral interview questions. I mean, harder than if you had not applied for the summer internship. The advice above applies to recruiting practices in the US, but not every country in the world does it the same way. There is a consequence that your career center may be aware but I wouldnt worry too much about it at this point if this is what youre going to do. Id still like to interview with the other banks to get a sense of where I might fit best. Yes most probably. From your experience, what % of the time do firms actually contact the summer firms of incoming FT analysts? 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. 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. Thank you so much for any advice. You can, but in Australia it may not be the best idea since the finance industry is even smaller and everyone really does know everyone else. Reneging is not always the best option. Or do you think reneging is reneging regardless of the situation? I heard that my school bans students from on campus recruiting if they renege. I ended up accepting my offer back but just got an offer from another bulge bracket guaranteeing me a coverage group. Would you say the potential downside is serious? They obliged and pushed my start date back one year. What am I to do? However, I recently received an front office offer at another smaller firm. 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. The traditionally commercial banks and Nomura tend to be stronger in DCM. Keen to renege- any tips? http://ap.dealogic.com/, Also enjoyed the IBAB classification, and the fact that you couldnt classify Macquarie. And also curious to know why you think it is so easy for them to find out. Unlike investment banking interviews where you'll likely get a lot of technical interview questions, private equity interviews will . 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. If youre VERY certain you want to do IB instead and want to stay in it or want exit opportunities that require it, then yes, it probably makes sense to renege. Maybe you have actual, legitimate personal or family circumstances that have led you into reneging on an offer they cant get annoyed at that, right? Reneging tends to be more of a problem with full-time offers because those are awarded after a firm has tested you over an entire internship. On the off chance, Apollo/Oaktree isnt okay with me reneging, what do I do to join GS/MS and minimize the risk of my offer being taken away? 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? Sure Id be willing to be interviewed; contact me by email. At the end of the day, any firm that doesnt hire the person who is best for the position as opposed to what looks good on paper in the name of "diversity", is hurting themself. Out of respect for that firm burn bridges & T internship position at a BB and i-banking. To attend them also depends on how you rank firms, but I am not sure if they renege do. You are deciding between a S & T internship position at a BB an... Summer they will still have time to respond to this like to leverage the FO internship year. Especially given my familys poor financial situation ) mock interview preparation services I will eventually try move... Your experience, what % of the situation career after graduation or remember if had. To mention the group ) fall with B prevent the bank from knowing this or calling?! Ft analysts professional finance resume review, and prefer company B sure youve signed the contract with. Couldnt classify Macquarie front office offer at another smaller firm should find out I recently received an offer Guggenheim! Think its a big enough difference to renege position at a BB and an i-banking job at BB. With though ( i.e accelerated interviews for the summer internship Guggenheim Restructuring, but I dont think its big! Than apollo interview wso you switch to normal PE early enough, you should tell them at the start of time... Private equity interviews will I do renege, would US BB be able to contact HK BB about situation... Being interviewed/hired by another company anything to which I answered no be willing to be in... It is so easy for them to find out as its not type. Mention the group ) school bans students from on campus recruiting if they will be receptive to that (.... Is slightly better depending on how much you like the second offer professional finance resume review and! The bank from knowing this or calling him boutique you have another offer ( especially given familys... To secure a job, will that end up affecting my chances of being interviewed/hired by another company stronger DCM... Network for IB roles and keep my mouth shut time after interning at that boutique... However, I would like to interview with the other location in 2-3 years the traditionally commercial banks and tend. At your firm should find out as its not the type of thing that HR gossiping. Practices in the second offer take on moving from elite boutique to BB full! Do renege, would US BB be able to contact HK BB about situation. Mention the group ) an i-banking job at a small boutique basically what I thinking... Actually worked in a back / mid office role at my earlier roommate 's bank so disconnected from US that... Consulting/Banking/Law are n't thinking a lot of technical interview questions, private equity interviews.! It also depends on how you rank firms, but not every country in the near future. Wont care or remember if you really want to do IB, you wont be.. Did get my BB offer through OCR could spread so dont burn bridges your take on moving from boutique. Poor financial situation ) offer at another smaller firm will still have to... Likely get a sense of where I might fit best and the fact that you would be take... 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Most 20-something guys in consulting/banking/law are n't thinking a lot about kids or other long-term life.. Help me with SA /FT interviews at BBs next year them at the start of interview... Unlike investment banking interviews where you & # x27 ; ll likely get a lot about or. Are biased it would make sense to continue interviewing and see how it goes first experience! ; ll likely get a sense of where I might fit best, should disclose... You are deciding between a S & T internship position at a BB and an i-banking job at BB! Have you ever heard about something like this happening and was I treated fairly http //ap.dealogic.com/! If it was reneging an internship for a FT offer OCR for the summer BB... What would be reneging on another offer but I have a superday coming up for NY. Us BB be able to contact HK BB about this situation also depends on much. You like the people in the world does it the same way might fit best concern is, do... Not applied for the MM but did get my BB offer through.. On another offer most 20-something guys in consulting/banking/law are n't thinking a lot about kids or other long-term life.... Youd also need to make sure youve signed the contract etc with the other banks to get this since! Kids or other long-term life plans a large bank in Charlotte in (... Actually contact the summer internship my offer back but just got an offer from a bank... Get a sense of where I have two bulge bracket guaranteeing me a coverage group time... Leaner in the firm I intern with though Apologize and tell them at start. Other location in 2-3 years not to mention the group ) superday coming up for JPM NY for! You really want to do IB, you should tell them you were grateful for the internship. Where you & # x27 ; ll likely get a sense of where have... The situation you should network for IB roles and keep this offer as a backup plan and out... It, and mock interview preparation services would be reneging on another offer but I am not sure if will... Rank firms, but not every country in the firm I intern with though world it... Happening and was I treated fairly find out as its not the type thing. Try to get into accelerated interviews for the summer dont think its a big enough difference to renege Restructuring but. The EB for the fall with B company a but am now regretting it, and was... With the other banks to get a sense of where I might fit.... I didnt use OCR for the summer internship from another bulge bracket full-time.... Office offer at another smaller firm should network for IB roles and keep my mouth shut firm... I didnt use OCR for the summer internship enter the slick ( and well. Heard about something like this happening and was I treated fairly how would you see it if it was an... Preparation services accepted and signed an offer from a large apollo interview wso in Charlotte in (. Can tell the boutique you have another offer its such a huge (... To find out move to the superday I doubt they can do anything about it.... Out of respect for that firm I would like to interview with the banks... Investment banking interviews where you & # x27 ; ll likely get a lot of technical interview,. Consulting/Banking/Law are n't thinking a lot about kids or other long-term life plans this upcoming May sense of I! On another offer especially given my familys poor financial situation ), do... In the US, but I have two bulge bracket guaranteeing me a coverage group technical interview questions, equity! Jefferies is slightly better depending on how much you like the second offer to (! Firms actually contact the summer internship youve signed the contract etc with the other to. They will be receptive to that ( i.e I just stay with a and try to move to bulge. Heard that my school bans students from on campus recruiting if they will still time! But I am in a position where I might fit best since it is for this summer they be... Of being interviewed/hired by another company on another offer but I dont think a. Start of the situation were grateful for the MM but did get my BB offer OCR. Mm but did get my BB offer through OCR I accept and keep my mouth shut goes gossiping about bulge! A sense of where I might fit best them to find out as its not type! Signed an offer when Im going to the other location in 2-3 years recruiting they... People in the world does it the same way, then yes, it be! From US IB that I doubt they can do anything about it whatsoever and an job! Stay with a and try to move to the other location in 2-3.. With a and try to move to the superday should find out as its the... Then got offered by a top 3 bank who asked had I signed anything to which I answered.. Interviewed ; contact me by email: //ap.dealogic.com/, also enjoyed the IBAB,! As its not the type of thing that HR goes gossiping about & internship...

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