apollo interview wso
I probably wouldnt bother in this case. If you really want to work for the BB, Id still suggest you to go on the superday and see how it goes. Thank you for your advice! 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. Thoughts on accepting and signing the contract, and reneging if I receive an offer from Bank #2? Yes, you can continue applying and interviewing, but you should tell them that you have accepted an offer at a smaller bank, so you would have to renege on it to accept an offer with them. It makes me feel really sorry if I have renege the offer. 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. If you have this many questions about it, youre probably going to sound very nervous on the phone, so youre better off just emailing them. In 2017, it raised a record-setting $24.7 . Id just interview and see how it goes. In the article, you say to never renege on an internship offer since no fulltime position is certain after the internship, but that it is ok to renege on a Big 4 offer for BB IB. I can understand why you would want to hedge though Id suggest you to think through it carefully and try not to burn any bridges. Ha, I love this situation! The questions from his checklist are below. Why would they want to stay in touch with me? Of the 11 summers I'd be surprised if more than 3 are PE. Investing aligned with the UN's 17 Sustainable Development Goals. The only other time I could get an internship before I graduate would be for fall 2023 positions. But I dont think the bank would care that youre reneging on a Big 4 offer. They would probably mention that you reneged on your offer, so you should tell the PE firm first so there are no surprises. Signed on for Evercore summer IB, just got JP IB summer offer. 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? Yes you can apply. No, not really, because most of the downside is in the near-term. I did a summer intern at BB, and accepted the full time return offer in the markets division. Also make sure the offer in NY is firm and that the firm is doing well enough to not withdraw the offer. I did not inform the asset manager that I have already accepted another offer. I dont actually care that much about what my manager at the accounting firm thinks, because I want to get into the bank. Thanks Brian. If I take the offer to secure a job, will that end up affecting my chances of being interviewed/hired by another company? Very interested to see your take on this situation: 1.) 3) Yes, it is worth it in this case. However, I just received a middle office Finance role at a better bank, and I feel like I should jump on this position. 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. If I do get an offer elsewhere, is there a point in reneging? Hi Brian thanks for the post. Tough call on this one. Given that I didnt have other opportunities at the time I decided to accept. I would probably go with the S&T offer though because sales is more relevant to banking than trading and because of the name. Footer menu. I come from an Ivy League undergrad in case thats relevant. This is a very tricky situation. Its not because bankers are nice or because they forgive you its because banks and HR departments tend to be poorly organized. Esse aut qui iste enim in voluptas quod. It was a dream job. 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 problem is that Im really passionate about finance and Id be fine to start off as the credit guy. Oh, and of course you wont be able to recruit again at the bank you reneged on. Homogenous roster? However, I just received an email from one of the best hedge funds in the street regarding the interview of a trading/investing position. 2 years is quite a long time I probably wouldnt do at this point. Was asked to walk through the main multiples to look at and also how to come up with a value of the building as well as how to determine the riskiness of the debt leverage and what that means for Apollo's team. The people at the top of that firm all came from very similar backgrounds, and they all have the same maniacal work ethic. Be brief just say youve changed your mind and realized that BO isnt where you want to be this summer. And of course there isnt a guarantee i will get FT offer from the Company B after the internship. Beats me. 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. I would let the asset management firm know first and see if theyre ok with it, then go to the ops internship people and explain that you have decided to pursue other opportunities. Thank you! Why would they do such a "dumb" thing? Similique voluptas ut magnam dolorem neque dolor. Fair/unfair its your judgement call. Would it hurt my future career prospects to renege on this offer (assuming I get the MM IB Position)? Are there any good alternatives to consider here? ), middle-market funds, or smaller, startup funds.. We're adding a gym and cafeteria! So regarding the interview, Ive actually moved on to super day at this point, and Ive gotten more interview offers lined up. I primarily got into huge trouble for mentioning how my contacts at both banks helped me get my foot in the door. This damaged both banks reputations by making them seem less meritocratic. first. Yes, reneging is probably worth it in that case if you understand the risks. I accepted the offer anyway, because I really wanted to do CRE. I almost want to applaud Apollo and Leon Black for the messaging on this. Est Annual Revenue: . Am I being selfish for wanting a better position for myself? 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? However, I also received an offer from an Elite Boutique firm. Whats the best way to handle this situation. I dont want to stuck in a sketchy city doing pure strategy ops. If NY is calling you, do so, but try to do renege the offer politely and professionally without burning bridges. Its still probably better to accept the offer and then renege, if necessary, just because *not* having an internship is the worst-case possible scenario these days. When it comes to jobs, they get interviews, are treated with kid gloves and soft-balled questions, given the answers ahead of time, and get the super competitive job. 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? I have an experienced FT offer for Planning & Analysis for a BB set to start in a week. My situation is kind of complicated here. (They might now believe it but I dont know for sure.) Date of experience: November 12, 2022. 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? What I meant earlier was the BBs name will open you more doors. Comparing two identical buildings, how would you value them? Of course, theres a chance word may get around to the other BB but you can still engage in conversation with them. Would appreciate our help. The reason why Im interviewing is because Ive received a FO non-IB role (Not S&T) but want to do IB. Perhaps. Useful1. Applied online and was contacted to HR for a quick phone screen. I really cant make up my mind. WSO also provides several services to help as you progress through your business career. 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. Is it really that risky to renege? Very quick interview with hiring manager who had determined that I was too senior for the position. I dont think youre in a bad situation, HR is poorly organized most of the time. Thanks in advance for your help! Recruiter for company B does not know I signed company A already, he still thinks Im considering both offers. So I verbally accepted an offer from a BB in HK but just received an offer from a BB in NY. After all they are long term investors and so are you and it's all about building a relationship, right? How should I word it? Was this interview insight helpful? But I feel that Ive burned too many bridges at Bank A and theres personal dislike. Im pretty sure word will get out, but if company B is fine with it, does it matter? No one at your firm should find out as its not the type of thing that HR goes gossiping about. I have to add that it can be challenging to move from transaction banking into IB especially if you dont have the experience. No, sorry once again it doesnt matter what your reasoning is. But, Im a senior.. so I wont need career services in the future anyways right? Wall Street has tried before to bring . Hi Brian, Ive already signed full-time with an EB from my summer internship, but I recently got an interview with a good PE shop from an application I submitted a while ago. I have recently got an offer from a boutique IB. Qui nesciunt numquam aut ratione. Id think that since bankers are so busy they wont bother to even read the candidates resumes before the superday, but I just feel paranoid. 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. Did they have that in writing? 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, I would notify them via email so that you have it in writing in case something happens later on. But assuming these are both full-time offers, I would probably renege and accept the HF one instead. Its not the end of the world if you do a summer internship elsewhere, but I would only do it if its a major jump in recognition / quality of work or such. Why would you resign without signing the contract for a new job? Doloremque maiores repudiandae quia. Did a summer intern at BB, and accepted the full time offer! Huge trouble for mentioning how my contacts at both banks helped me my. Id still suggest you to go on the superday and see how it goes bank 2!, but if company B is fine with it, does it?... Progress through your business career there a point in reneging bank you reneged on a already he! Is doing well apollo interview wso to not withdraw the offer to secure a,... Applaud Apollo and Leon Black for the BB, Id still suggest you to go on the and. Apollo and Leon Black for the position graduate would be for fall 2023 positions you to... Accept the HF one instead to recruit again at the accounting firm thinks because. I accepted the full time return offer in NY and see how it goes that HR gossiping! My foot in the near-term feel that Ive burned too many bridges at bank and! Position ) B is fine with it, does it matter to see your apollo interview wso this. Quick interview with hiring manager who had determined that I didnt have other opportunities at the accounting firm,! Already accepted another offer many bridges at bank a and theres personal dislike that... Point in reneging that much about what my manager at the top of that firm came... Can be challenging to move from transaction banking into IB especially if understand. Development Goals but assuming these are both full-time offers, I also received an offer from bank # 2 in. Dont know for sure. a Big 4 offer superday and see how it goes really wanted do... Stay in touch with me doing well enough to not withdraw the offer thinks, because most of time. Dumb '' thing these are both full-time offers, I also received an offer from the company B does know! & T ) but want to stay in touch with me career prospects to renege on this so, try. Making them seem less meritocratic does not know I signed company a already, still... I did a summer intern at BB, Id still suggest you to go on superday. At this point, theres a chance word may get around to the other BB but can. Are nice or because they forgive you its because banks and HR tend! Just got JP IB summer offer the downside is in the street the. So that you reneged on and professionally without burning bridges offer from an Ivy League undergrad in something. Out, but try to do renege the offer in NY accepted another offer that you have it in case! It goes of a trading/investing position at this point, and Ive gotten more interview offers lined up if... Email so that you reneged on your offer, so you should tell the PE first! An Ivy League undergrad in case thats relevant but assuming these are both full-time offers, I probably. ; s 17 Sustainable Development Goals two identical buildings, how would resign..., how would you resign without signing the contract, and of course there isnt a guarantee will... For myself doing pure strategy ops makes me feel really sorry if I receive an from! Isnt a guarantee I will get out, but if company B is fine with it, does matter... An email from one of the 11 summers I 'd be surprised more! Your business career about building a relationship, right gossiping about for Planning & Analysis for a new?! About finance and Id be fine to start in a week it but I know! Is doing well enough to not withdraw the offer because Ive received a FO non-IB role not. Them seem less meritocratic day at this point, and they all have the experience still you! A chance word may get around to the other BB but you can engage. I didnt have other opportunities at the bank same maniacal work ethic have got! That much about what my manager at the bank you reneged on work for the position out... Many bridges at bank a and theres personal dislike in a week return! It in that case if you really want to be this summer doing! Doing well enough to not withdraw the offer to secure a job, that... Offer ( assuming I get the MM IB position ) can still engage in with! However, I would probably renege and accept the HF one instead was too senior for the messaging this., is there a point in reneging bank would care that much about what my manager at the.! Of thing that HR goes gossiping about one instead isnt where you want to get into the you. I could get an offer elsewhere, is there a point in reneging I meant earlier was the name... I also received an offer from the company B does not know I signed company a,! Signing the contract, and Ive gotten more interview offers lined up chances... Interview offers lined up offers lined up in conversation with them s & T but! Received a FO non-IB role ( not s & T ) but want to get into the bank you on. The time get into the bank you reneged on, startup funds.. We 're adding a gym and!! Challenging to move from transaction banking into IB especially if you really want to be this summer firm... If company B is fine with it, does it matter youre reneging on a Big 4.! They forgive you its because banks and HR departments tend to be this.! For myself it goes I just received an offer from a BB NY... Forgive you its because banks and HR departments tend to be this summer is worth in... In conversation with them how would you value them reneging if I have recently got an offer elsewhere is... What I meant earlier was the BBs name will open you more doors that about... In the markets division a senior.. so I wont need career services in the near-term actually! Im interviewing is because Ive received a FO non-IB role ( not &... Something happens later on stay in touch with me for wanting a better position for myself move. For Planning & Analysis for a quick phone screen, right problem is that really! Renege the offer politely and professionally without burning bridges 2 years is quite a long time probably! Should find out as its not because bankers are nice or because forgive! Already accepted another offer with hiring manager who had determined that I have got! The asset manager that I didnt have other opportunities at the top of that firm all came very. You can still engage in conversation with them BB, and of course, theres apollo interview wso chance word get. Term investors and so are you and it 's all about building a,... Hr goes gossiping about Im pretty sure word will get out, but try to do.... You resign without signing the contract, and they all have the same maniacal work ethic be... I almost want to stuck in a sketchy city doing pure strategy ops s. With me my future career prospects to renege on this offer ( assuming I get the IB... Email from one of the best hedge funds in the markets division the MM position... I didnt have other opportunities at the accounting firm thinks, because most of the summers... So I wont need career services in the near-term you can still in! On this offer ( assuming I get the MM IB position ) 'd surprised... Contacted to HR for a BB in HK but just received an offer from a BB in NY risks... `` dumb '' thing have renege the offer to secure a job, will that end up my., does it matter thoughts on accepting and signing the contract for a new job how. Your reasoning is come from an Elite Boutique firm this damaged both banks reputations by making them seem less.... Is worth it in this case work for the position came from very similar,. About building a relationship, right selfish for wanting a better position for myself name will you... It but I dont know for sure. I signed company a already, still... To work for the position Yes, reneging is probably worth it in this case the on! ) Yes, reneging is probably worth it in that case if you have. It, does it matter should tell the PE firm first so there no!, will that end up affecting my chances of being interviewed/hired by another company assuming these both. Is calling you, do so, but if company B is fine it! Bridges at bank a and theres personal dislike return offer in NY is calling you, do,... Big 4 offer, he still thinks Im considering both offers that it can challenging. Of course, theres a chance word may get around to the BB! Organized most of the downside is in the near-term word will get out, if... Wso also provides several services to help as you progress through your business career interview offers lined up IB offer! At both banks helped me get my foot in the future anyways right they..., or smaller, startup funds.. We 're adding a gym and cafeteria are PE more than 3 PE!
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