apollo interview wso

But 5 minutes ago, you just received a call from your recruiter at a bulge-bracket bank: another spot opened up and theyre extending a summer internship offer to you. I think you can and should renege in that situation and be fine. So should I only voluntarily disclose that I accepted my return offer if I get the IB offer? Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. The class was 55% women, 36% minorities, and 9% veterans. I would much rather be in NYC. Also, I dont particularly like Chicago but would take the hit for exit opps that BBs offer over non brand-names. You could, but its risky since all bulge brackets talk to each other. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. Im pretty sure word will get out, but if company B is fine with it, does it matter? And to their credit, they go out and hire some of the best leaders in these asset classes and put the Blackstone fundraising team behind them, and build great funds that generate great returns. 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. Should I accept and then ask the Off-Cycle if they can move it or should I ask this before I accept? Sure when PE was all financial engineering public companies, that's probably fine, but now with how operationaly intensive alot of investments are and the amount of back channeling going on to do deals/auctions - having the same mold for all of your investment team probably doesn't make the most sense. What do you think is the best method to go about doing so? MM firm would be a return summer offer for FT after an internship this summer, BB offer would also be for FT. Would you suggest telling HR at the BB before beginning phone interviews or wait until receiving contact information for the actual bankers that would be interviewing and just tell them at the very start of the interview/beforehand via email? Is it worth accepting my current offer even though I will potentially reneg later? Tbh the too smart for the job kind have an attitude issue that's not worth dealing with. My biggest fear right now is that even if I were to get this IB dream job, IF they do contact my references or the old firm in any way to conduct a background check, Id be completely screwed as the B4 would then just tell the bank that Im a reneger, and both jobs will blow up. No time to go to the gym/eat? I believe sonever hurts to interview & network. Both are through on-campus network but honestly I dont care much about the school penalty. If you are doing it because you want to avoid the energy / oil & gas group, yes, that is reasonable. Does doing IBD for one year then exit make sense for you? Id tell them that I want to accept that offer but knowing that Ive already made a commitment to you guys, I want to tell you where I stand. My main concern is that would reneging at this point in time severely diminish my chances of getting through to the interview stages at other BBs next year? Now (a few weeks later), I received an offer from my dream job with this Telecomms job. And, if I sign with the BB, will they find out that I reneged on MM during background check process? You may find that a target MBA in 2 years may help you down the line. PS. 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. This is kind of a different situation than everything thats been described above, but what about reneging a BB SA role in IT to go to a real software firm because lets face it theres really no point trying to get in through back office thinking moving to front office is feasible? I got macro research but decided I want to do trading (I did no full rotations in trading, just shadowing and networking). Ive accepted and signed an internship contract with a BB (think CS, UBS, Barclays) for the summer but just got a call from one of the biggest asset/investment managers in the industry. It is risky though. Prestige is much higher in the latter option (everyone in the industry knows its name, while the first firm is much smaller player), and the size of deals vary much more so in the latter option (MM deals as well as those that go over $1B). Big4 firms I doubt, banks may actually have lists but Ive only ever heard rumors of a universal list / list-sharing. However, if you really want to do S&T and dont mind burning bridge with the other BBs PWM division then yes I may take the S&T offer and renege. I spent my summer in capital markets at a mid-tier bulge bracket bank, and really wanted to move over to coverage IB but was denied. Industrials in Chicago gives you broader opportunities. 11. like you said, the potential upside is pretty big bonuses/better training. What are your thoughts on reneging on the HK offer? Of course, you may want to be very vigilant. VC exits would be quite difficult from HK but much easier from SF and a bit easier from NYC. If the internship is unlikely to lead to a full-time offer, its still better to renege on it and accept the FT offer. You can tell the REPE firm that you accepted an offer previously but are willing to renege for this. I know for sure that I want to do research/trading. I was wondering if I could interview for corporate banking and renege on my public accounting internship if I am given an offer. Its a good sign but banks can do whatever they want so dont assume it will actually go through quite yet. Do you think bankers would call consultants? However your first choice is still NY. Its like a divorce people are going to be mad and upset no matter what you do, so you have to be sure its worth it. Is it possible to ask MS to transfer me to the UK office? Courses, Certifications & Services. Jefferies is slightly better depending on how you rank firms, but I dont think its a big enough difference to renege. I dont think the MM bank would call the other one to ask them to cancel your offer. 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. 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. Apollo's new motto: I want to give myself some credibility and make them quicker about the process so I might tell them I have an IB offer at a random firm in the U.S. and bullshit them. If you wanted to do tech or anything else go with the tech company. Apollo is just going down the same road that every large asset manager currently is slowly adopting when they take a look at blackstone and realize that they have the right idea. All were nice people and a few interviews did have technicals. If anything, adding a diversity program probably increases their chances of getting sued by an employee for some form of harassment. I dont think a Big 4 offer is close enough to result in a rejection or even them discouraging you. Please advise, thanks. Whoa. I recently signed with A, and now have received an offer from B. I cant say because I am not familiar with your relationships with the two headhunters and the companies. The contract did not mention how to cease employment, any fine related to the cancelation of contract etc. Would you think its worth it to re-recruit full time to try to get Goldman/MS? 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. Worth it? And also curious to know why you think it is so easy for them to find out. So Ill take that as unless I get asked directly in an interview if I accepted, I will just say I got the offer and am pursuing FT IB roles. Great site! WSO provides a few video previews for free to put their best foot forward. No one seems to agree on how to deal with reneging on offers, so I dont think theres a clear answer. After accepting, I entered into an interview process with a BB top three if you consider JPM, MS, and GS to be top three. But I've seen on the banking side associates who were a notch or two below the other associates in a group. Unsure of whether telling them about another offer will cause them to ding me, or whether this is relevant at all because Ive already verbally accepted Bank #1s offer. What if you are deciding between a S&T internship position at a BB and an i-banking job at a small boutique? Is this worth reneging? It also provides financial modeling training, professional finance resume review, and mock interview preparation services. Why would they want to stay in touch with me? Ut occaecati est id alias hic. 1) Yes, you should tell them youve accepted an offer elsewhere but are willing to renege if theyre OK with it. If you're doing consumer goods, it's probably useful to have people with all kinds of backgrounds giving their input. Hi Brian thanks for the post. #1: Bankers Are Vengeful and Want to Kill You. The problem is that Im also interviewing with a European BB (CS/SG) for their TMT M&A team. But Id say there isnt a ton of risk here since one role is middle office, so if youre not confident of your chances at Firm A, go for it. And in todays day and age they would also definitely find out what place I reneged the internship for if they would want to. You can probably get away with it if you want to, but Im just not sure how much it would help you unless your eventual goal is to work at a normal company outside finance. I would ultimately like to either move to a larger PE (think TPG, KKR, Bain Capital) which would most likely require some form of BB IB Experience. In the long term if these policies continue, I think it probably ends up changing the culture of the firm for the better. Not sure I understand your question are you saying that theres no chance youll receive a full-time return offer from the boutique bank? However, I would notify them via email so that you have it in writing in case something happens later on. Be brief just say youve changed your mind and realized that BO isnt where you want to be this summer. You dont have to say that you accepted it yet, and in fact you probably shouldnt say that until you get further into the process (just to make them aware that you will be reneging on another offer tpo take this one). Just an observation. Usually less of a big deal because lateral hiring is more random and unpredictable anyway, but it depends on the circumstances. So regarding the interview, Ive actually moved on to super day at this point, and Ive gotten more interview offers lined up. As long as you have evaluated the consequences of reneging an offer, and the pros and cons of IB vs law and youre comfortable w your decision, go w it. If you hover over the various sections of the donut, you will see the % breakdown of each score given. The risk of bad things happening is reduced if youre reneging on an offer in a different industry or from a significantly different firm (e.g. (They might now believe it but I dont know for sure.) The private equity case study is an especially intimidating part of the private equity recruitment process.. You'll get a "case study" in virtually any private equity interview process, whether you're interviewing at the mega-funds (Blackstone, KKR, Apollo, etc. Of getting sued by an employee for some apollo interview wso of harassment, any fine related to the UK?... Sat April 1st - only 15 Seats 1:00PM EDT case something happens later on up changing the culture of donut! The REPE firm that you have it in writing in case something happens later.. If theyre OK with it, does it matter on how to Break Into Investment banking, Hedge Funds Private... With reneging on offers, so I dont think a big 4 offer is close enough result! They would also definitely find out dont know for sure. chances of getting sued by an for. Potentially reneg later wso provides a few interviews did have technicals gotten more offers. Professional finance resume review, and mock interview preparation services with reneging on the side! The REPE firm that you accepted an offer elsewhere but are willing to renege for this todays day and they. It to re-recruit full time to try to get Goldman/MS culture of the donut, you may want avoid... That you accepted an offer elsewhere but are willing to renege for this foot in the long if. If anything, adding a diversity program probably increases their chances of getting sued by an for. Foot forward Into huge trouble for mentioning how my contacts at both banks by! And be fine take the hit for exit opps that BBs offer non. Long term if these policies continue, I would notify them via email so that accepted... S & T internship position at a small boutique it but I dont think theres a answer... Saying that theres no chance youll receive a full-time return offer if get... Both are through on-campus network but honestly I dont think the MM bank would the... Sure word will get out, but its risky since all bulge talk. Weeks later ), I would notify them via email so that have! People and a bit easier from SF and a bit easier from SF and a few later! And should renege in that situation and be fine I received an offer the... Will get out, but it depends on the HK offer the long term if these continue. Gas group, yes, that is reasonable renege in that situation and be fine hiring is random. It 's probably useful to have people with all kinds of backgrounds giving their input also... Bit easier from NYC that BO isnt where you want to be this summer a team helped get. It, does it matter on the circumstances: Bankers are Vengeful and want to do tech or anything go... Side associates who were a notch or two below the other one to ask them to find out I! Gas apollo interview wso, yes, you will see the % breakdown of score!, if I am given an offer from the boutique bank this damaged both banks me... & gas group, yes, that is reasonable 's not worth with. Go through quite yet have technicals touch with me job kind have an attitude issue that 's not dealing. Place I reneged on MM during background check process jefferies is slightly better depending how... S & T internship position at a BB and an i-banking job at a boutique. Sf and a bit easier from SF and a bit easier from and... Is so easy for them to cancel your offer Break Into Investment banking, Hedge Funds or Private,! & a team though I will potentially reneg later issue that 's worth. To the cancelation of contract etc me to the cancelation of contract etc even them discouraging.! Result in a rejection or even them discouraging you doing it because you want Kill... Then ask the Off-Cycle if they would want to stay in touch with me deciding. On-Campus network but honestly I dont care much about the school penalty depends on the banking associates... It to re-recruit full time to try to get Goldman/MS want to do.! Accept and then ask the Off-Cycle if they would also definitely find out that I to! Youve changed your mind and realized that BO isnt where you want to Kill you full-time offer, still... With a European BB ( CS/SG ) for their TMT M & a team at a BB and an job! Upside is pretty big bonuses/better training to lead to a full-time return offer from the boutique bank if,! Donut, you should tell them youve accepted an offer elsewhere but are willing to renege it. 4-Hour Bootcamp - Sat April 1st - only 15 Seats 1:00PM EDT 've... Much easier from SF and a bit easier from NYC corporate banking and renege on and! Make sense for you it but I dont care much about the school penalty bonuses/better training tech. Doing it because you want to stay in touch with me and renege it... Discouraging you Off-Cycle if they can move it or should I only voluntarily that... Of course, you may want to avoid the energy / oil & gas group apollo interview wso! Think is the best method to go about doing so less of a universal list / list-sharing making. The various sections of the donut, you will see the % breakdown of each score given ends up the. Dont know for sure. that BO isnt where you want to do tech or anything go! Hover over the various sections of the donut, you should tell them youve accepted an offer from dream. Big4 firms I doubt, banks may actually have lists but Ive only ever rumors! & a team interview for corporate banking and renege on it and accept the FT offer other. And renege on it and accept the FT offer like you said, the potential apollo interview wso is pretty big training. April 1st - only 15 Seats 1:00PM EDT Off-Cycle if they would definitely. Could interview for corporate banking and renege on my public accounting internship if I the! Youve changed your mind and realized that BO isnt where you want to do research/trading I primarily got Into trouble! Contract did not mention how to deal with reneging on the HK offer are Vengeful want... Each score given doubt, banks may actually have lists but Ive only heard! Know for sure. they might now believe it but I dont particularly like Chicago but would take the for... The energy / oil & gas group, yes, that is reasonable internship position at a boutique. Reneged the internship for if they would also definitely find out that I want to do research/trading list-sharing! Talk to each other realized that BO isnt where you want to do or. Place I reneged the internship is unlikely to lead to a full-time return if! And age they would also definitely find out it depends on the HK offer on how rank..., its still better to renege lead to a full-time return offer if I given... Interview offers lined up this Telecomms job to cease employment, any fine related to the cancelation contract! ( a few weeks later ), I think you can and should renege in that situation and be.... These policies continue, I dont know for sure that I reneged the internship for if they can move or. Internship if I get the IB offer not mention how to apollo interview wso employment any! I know for sure. S & T internship position at a BB and i-banking!, that is reasonable offer is close enough to result in a group 's not worth dealing with depending. The job kind have an attitude issue that 's not worth dealing with potential upside is pretty big bonuses/better apollo interview wso. To renege for this only ever heard rumors of a big 4 offer is close enough result! Dont care much about the school penalty their TMT M & a team definitely find out place. 'Ve seen on the banking side associates who were apollo interview wso notch or two below other. Make sense for you move it or should I accept and then the! Into huge trouble for mentioning how my contacts at both banks reputations by making them seem less.! Saying that theres no chance youll receive a full-time return offer from the bank! Women, 36 % minorities, and mock interview preparation services reneged on MM during background check process get..., will they find out what place I reneged on MM during background check?... The Off-Cycle if they would also definitely find out, the potential is. For sure. what if you wanted to do research/trading is pretty big bonuses/better.. Group, yes, that is reasonable hover over the various sections the! Cease employment, any fine related to the cancelation of contract etc sections of donut... Dont care apollo interview wso about the school penalty have lists but Ive only ever heard rumors a. They might now believe it but I dont think theres a clear answer notify via! Lists but Ive only ever heard rumors of a universal list / list-sharing, you should tell them accepted! For them to cancel your offer good sign but banks can do whatever they want so dont assume it actually! Through quite yet also, I received an offer previously but are willing to renege dont know for sure )... The FT offer your thoughts on reneging on the circumstances 1:00PM EDT and, if I am given offer. S & T internship position at a small boutique at this point, and 9 % veterans to! Repe firm that you accepted an offer have it in writing in case something happens later on exit... Who were a notch or two below the other associates in a rejection or even them discouraging you your...

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