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Vault Message Board: Management and Strategy Consulting

Topic Name: Declining an offer that you already accepted.
Message Name: Reneging Big 5 -- I've done it
Date Posted: 01/03/2000
In Reply To: anyone know what happens if you accept an offer, keep interviewing and then decide to accept a different offer? The offer is not a contract so there are probably no legal/fiscal problems. Are there any blacklists? Is this type of info shared between firms?
Message: Chalk another vote for "hey, if the firm can do it, then the employee should be able to as well." I actually did it 2 years ago when I finished my MBA, where a certain Big 5 firm basically bullied me into accepting because they didn't have any starting slots available at the time I wanted to start. (I accepted just to get a spot 3 months after I graduated, thinking that this was normal -- care to guess the Big 5 firm that did this?) Meanwhile, a month later, a IT services firm offered me a similar position for about 20% more a year plus performance bonus, and so I called and withdrew my acceptance of the offer. Moreover, the partner I spoke with most of the time during the recruiting process still corresponds with me and I think understands why I did what I did. After hearing about how Big 5 have been reneging on undergrad offers by the boatload in the last quarter, I have ABSOLUTELY no sympathy or pangs of guilt for reneging on my offer acceptance. There is a reason that consulting employment is structured the way that it is.

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