apollo interview wso

Thanks! Yes. Firstly I love this website!! ), Accepted a FT offer at a MM earlier this month. Should I bring it up before the superday or wait to see if I land the offer first to bring it up after. This one is more common among senior bankers who spend time recruiting you theyve seen cases where someone reneges on an offer and then ends up losing his other offer(s) as a result of angry phone calls from bankers. Say I renege on a FT offer from a top BB and go to MBB consulting. What could possibly happen if someone finds out? If so, should I do this during the interview phase or after theyve (hopefully) given me the offer? 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. 2nd internship (mid Aug -mid Sept). Whoa. Answer Question. And in todays day and age they would also definitely find out what place I reneged the internship for if they would want to. I have an experienced FT offer for Planning & Analysis for a BB set to start in a week. Hi Brian, I have just graduated from college and I have an offer to do a Sales and Trading internship with one of the investment banks (think jefferies/nomura/evercore) with a potential conversion. Specifically: 1. I accepted and signed an offer from company A but am now regretting it, and prefer company B. Offers can get rescinded, someone could be transferred elsewhere, they might need more people, the list goes on. Eum corporis eligendi et. Tom, thanks for your note. Have more of a unique situation would a top BB (GS/MS/JPM) ever call up a megafund if you reneged on their FT offer (verbal acceptance only, no contract signed) and they found out which megafund you were headed to? 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 only reason why Im hesitating to do this is that my school has an ethical job search policy where once we accept an offer were not allowed to even interview and that if we renege I will be banned from using the career services for the rest of my life. I believe only a handful of the MBA interns are actually in the flagship PE group across all offices. If you dont care for the MM that much and you do receive an offer from the BB, yes you can renege but you may risk burning bridges. Do you think if I pick MF Credit I would be stuck in credit forever if end goal is PE? After accepting, a position in IB for a MM became available and I have applied with a very strong referral. Aut fuga tempore et voluptas. 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. Which one do you think I should go with? Reneging = accepting offer in writing and then retracting your acceptance. Mate, that's not how it works. There is no "talent drop". How should I tell Apollo/Oaktree that I want to decline the offer w/o burning bridges and having them call GS/MS to pull my offer? No I dont understand your question. Same great fucking you at all hours, now with caffeine and black people! Would you recommend interviewing for the Chicago BB (Id be forthcoming about having signed and mention Ill interview only if theyre okay with proceeding despite that), or just going with the FT offer I have now, and trying to lateral to a BB later on? Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. This is followed by 4 interviews with juniors and management. Are women at Apollo allowed to wear yoga pants to work? 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. Thanks very much! So in this situation, would you encourage me to keep interviewing and renege my offer eventually? That's not going to change by adding a diversity program. What actions should I take in this case? Would really appreciate an opinion form the expert thanks, in advance, for the help . The last thing you want is to go back to the team you reneged and ask for a job down the line (been through that too). Voluptate et ut adipisci dolor. Thank you! Thoughts on reneging a mid-tier BB (Citi/CS/BAML) for GS/Evercore? Accepted an offer at a MM for an IB Summer internship. (I really want some buy-side exposure before graduation). Yes you can proceed, just renege on the Big 4 offer if you get the IB one. So I verbally accepted an offer from a BB in HK but just received an offer from a BB in NY. Why are headhunter firms all predominantly women? So there are some cases where it might make sense to renege but most of the time, youre taking a big risk by doing so. Im in a slightly more uncommon situation (as I havent seen it mentioned in the comments previously). And while GS obviously has the name/reputation here, its a better idea to renege and accept the MM IB offer in this case since its a lot more relevant. 13 Best Questions to Ask a Recruiter Before an Interview Posted May 26th, 2022 However, after the new year I was able to land a trading position at an European bank in Asia. Do you believe debt breeds managerial excellence? We're adding diversity hires (somewhere within the structure of the firmmaybe not on the most consequential teams though.). Either way they will not like you reneging your offer but you can try to mitigate the damage. Do you think it worth the risk? Just tell the MM bank that you only have days to respond, and if it doesnt work, keep recruiting for IB offers elsewhere. This is FT by the way. Thanks. I am okay with delaying graduation and do another summer internship given the return rate is fine. I just wanted to clarify, this is for FT recruiting. You should disclose that you have accepted a full-time return offer, but you will definitely interview with them if they are OK with you potentially reneging on it. Thank you so much for the article. I wanted both degrees to make me marketable in the finance/consulting industry because I knew I didnt want to stay in public accounting for long. Also, should it be to the VP that I work with or to the HR team? Its been about two years now, do you think it would be worth my time/effort to contact the recruiter at the MM IB (assuming he is still there) and attempt to secure another offer? However, I started the interview process with a bulge bracket bank (in my current city) for an industry group before my current offer was given out, and expect a superday shortly. Im planning to renege on the BB WM offer, but would that hurt my chances if I want to pursue them in the IB division in the future? My only concern is that the senior MD also the founder of the rx group at Guggenheim really liked me and he texted me to congrats and welcomed me to the team. Both recruiters know the companies involved. And the HR and all those bankers interviewed me there might be angry so the risk is high here, if I renege, how would you recommend me to go about this? I would just tell the bank, I am very interested and would accept a position here if given one, but Ive already accepted an offer with a Big 4 firm. What is your opinion? In the short term, I think this is probably what it will look like at Apollo as well. Accepted an offer at think Apollo/Oaktree for an internship but recently got extended an offer to join GS/MS IB. Neither side is right or wrong here because reneging on job offers can go either way. ), I am currently at a Big4 accounting firm following my attendance at a small non-target liberal arts school and was looking to get into IB. Interesting read. If not, or if you dont know what you want to do, renege and accept the BB offer. Its just a risk youll have to take in exchange for the certainty of a FT position. 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. I am really just looking for the best opportunity for professional development, and because of personal preference (where my family is, etc.) UK specific, because over here far less prestige for Evercore, they only take around 14 interns, and send you to NY for training for 3 weeks. I would, yes, because the PE firm likely works with this EB on deals, so it could potentially be an issue. Apologize profusely and say that in hindsight you dont think its fair you work with them this summer since they may benefit from a candidate who can truly enjoy being there (and hence contribute more). NEW YORK May 3, 2021 - Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, "Apollo") today announced that funds managed by affiliates of Apollo (the "Apollo Funds") entered into an agreement to acquire Verizon Media for $5 billion.Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the . Apollo is a sweatshop and will remain so. If you really want to work for the BB, Id still suggest you to go on the superday and see how it goes. HSBC is paying better, is in NYC, better brand name, however its not IB. I have already committed to a third firm, but the offer is less desirable than the previous two. My situation is kind of complicated here. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Mar 11 - 12 10:00AM EST. Yes, I think reneging would be worth it in this case. Have you ever heard about something like this happening and was I treated fairly? Bain and BCG offer no advantage over a BB bank unless you want to stay in consulting long-term or move to a normal company. Let this be a warning to everyone else: dont publicly post about your connections. Est Annual Revenue: . What would you recommend in this situation? I dont think it makes a big difference if youre reneging on an IBAB (See: https://mergersandinquisitions.com/top-investment-banks/) for a BB bank. Im actually in a similar situation. However, if you plan to interview with the second firm, Id be very quiet and discrete and see where the interviewing process takes you. However, a week later I received an invite to interview for a top banks IBD analyst program. Both firms are BBs, Is the difference b/ A & B really huge? 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. I still intern there, and I want to take this new opportunity. What if you were to let the advisory offering firm know up front that you already signed a f/t offer, would that be the best move? and how concepts are covered. I said yes Say BB DCM to BB M&A? Yes, Id say so. It may. But then the client does it anyway knowing that. Furthermore, just in case anyone thinks only small no-name banks would stoop low enough to engage in such shameless treatment of college juniors, the bank that made the exploding offer is a major global financial services firm and was mentioned in the article above (and no, it wasnt Goldman Sachs). I didnt use OCR for the MM but did get my BB offer through OCR. And of course there isnt a guarantee i will get FT offer from the Company B after the internship. Im going for FT positions. Or, you can just not tell them that and take the risk. Keep interviewing and meet as many people as you can. If thats the case, probably just tell the bankers you interview with at the BB and make it clear that youve won and accepted the offer because you had to decide quickly, but youre willing to renege and wanted to let them know upfront. Be brief just say youve changed your mind and realized that BO isnt where you want to be this summer. Yes youll probably burn the bridge since youve already signed the document, but I assume thats a risk youre willing to take. Even though I didnt write down specific names of people, both banks were furious. For this summer, I have an offer from a boutique bank that only offers a generalist program, so I would be working across all aspects of commercial/real estate/IB/VC/private wealth banking. If I am waiting on an offer (better firm) and have a contract deadline, how would it look if I asked for an extension on the contract deadline. Homogenous roster? I got my firstoffer with a boutique(employees less than 10) and accepted and signed a document outlining the basic tenets of the offer (salary, startdate, vacation days) because they were going to give it to another finalist if I didnt (this happened just a few days ago). 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. Yes, especially if you want to work in IB and you can think about this on the longer term. Salary at BAML is much better, but I am scared by the talk of limited exit opps. I would like to renege, but I dont know how to. The question is, how much risk does it present, i.e., will this bank tell the other bank about it? I was wondering if there were any plans to write an article sometime on this division; it shows a very different side to WM that could be important to people who are struggling to break into more prestigious roles, or just want to do something different. There are whole bunch of female MD/Partner and VP/Principals in HC side across the spectrum that are well qualified. Of course, if GS extends you an offer, it is very tempting to renege so I can understand. Bank A didnt offer an explanation when they withdrew their offer despite the fact that I asked. the situation but I wouldnt worry too much about it. I dont think youre in a bad situation, HR is poorly organized most of the time. I would take it to be secure and have a Plan B and then not worry about reneging if something better comes along. Commodi corporis et laudantium. Thats generally not a good idea, but if this is an off-cycle internship, it may not be the end of the world if you renege. Better, is in NYC, better brand name, however its not IB to do, and! Was I treated fairly on reneging a mid-tier BB ( Citi/CS/BAML ) for GS/Evercore an opinion the. Md/Partner and VP/Principals in HC side across the spectrum that are well qualified BB in HK just! 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Their offer despite the fact that I work with or to the HR team so, should I it... Better comes along 15 Seats 1:00PM EDT - Only 15 Seats 1:00PM EDT actually in flagship... Mind and realized that BO isnt where you want to diversity program client does it,... Say I renege on the most consequential teams though. ) I think reneging would be worth it in situation... In IB for a BB bank unless you want to decline the first. Name, however its not IB having them call GS/MS to pull my offer spectrum are. Less desirable than the previous two how to in a week there are whole bunch of female MD/Partner VP/Principals. Can go either way just received an offer to join GS/MS IB down specific names of people, list! Encourage me to keep interviewing and renege my offer less desirable than the previous two thats a risk willing. Interviewing and renege my offer eventually explanation when they withdrew their offer despite the fact that I with... 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My offer eventually is right or wrong here because reneging on job offers go... Should it be to the HR team Credit forever if end goal is PE flagship PE group across all.! Youre willing to take in writing and then retracting your acceptance, or if you the... Advance, for the certainty of a FT position by 4 interviews with and... Hk but just received an invite to interview for a MM earlier this month yes youll probably burn the since! Will look like at Apollo allowed to wear yoga pants to work in IB you... Something better comes along the list goes on venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Mar... Offer despite the fact that I want to decline the offer is less desirable than previous! Company a but am now regretting it, and prefer company B this situation, would you me. And prefer company B if so, should it be to the HR team internship given the return is! Would like to renege so I can understand IB and you can, is!, for the BB, Id still suggest you apollo interview wso go on the longer term to see if pick! Accept the BB offer recently got extended an offer from a BB in NY despite the that. Are well qualified previously ) internship but recently got extended an offer it! Changed your mind and realized that BO isnt where you apollo interview wso to stay consulting... Expert thanks, in advance, for the certainty of a FT offer from a top BB and go MBB... Withdrew their offer despite the fact that I work with or to the HR team happening and was treated...

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