What if I accept an offer and then regret it?

Question

Let’s say I get an offer at a bank and accept it, but later realize I want to work somewhere else. How bad would it be to back out, and what are my options if I change my mind after signing?

Answer 1

It's usually OK to back out as long as you haven't signed your contract. Let the company know about your change of heart, ideally in writing, and apologize for the inconvenience.

If you've already started/signed your contract, things might be more complicated but you should be able to figure something out by talking to the company. In Germany, where I'm from, you can resign from your position even before starting but the resignation will only be valid after the notice period stated in your contract. It's probably similar in other countries.

Whatever way to choose, be professional and respectful in your communication!

Answer 2

It’s not ideal to back out after accepting an offer, but it’s also not unheard of ‒ things change, and banks know this happens.

Answer 3

Hi there,

don't worry as this happens more often than you’d think. 😉

I’ve seen candidates accept offers and then realize later it’s not the right fit, whether because of a better opportunity or just second thoughts. Backing out isn’t ideal, but it’s not the end of the world either. If you’re really set on leaving, the earlier you do it, the better. Just be professional, thank them, be honest but brief, and don’t burn bridges.

If you’re jumping to another firm in the same space (especially within IB), be mindful of reputational risks. But if it’s truly the wrong move for you, long-term career fit matters more than short-term awkwardness.

I wish you much success and hope you'll make the right decisions.

Answer 4

I don't know about KKR specifically, but on-cycle recruiting typically happens in the fall or early year for roles st... (read entire answer)

I don't know about KKR specifically, but on-cycle recruiting typically happens in the fall or early year for roles starting in the summer or fall, with a structured process incl... (read entire answer)