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Renege offer from McKinsey

cancelling offer MBB McKinsey McKinsey & Company offer
New answer on Mar 09, 2022
7 Answers
2.2 k Views
Anonymous A asked on Mar 08, 2022

I get an offer from McKinsey and signed it. However situation changed (personal reason) and I do not think I will be able to proceed with the offer anymore. 90% I will likely have to renege the offer.


I know it would likely end up with me burning the bridges with the recruiter if I end up withdrawing and I feel really bad for this. Also it will hurt my reputation badly. However I am still hoping to apply again in the future.
 

My questions:
- What will really happen within McKinsey in this kind of situation?
- Is it possible for me to re-apply in the future?

- If I get banned is it valid globally?
- Has any of you or someone you know been in the same situation before?

EDIT
Thanks for all the answers. It seems make sense to delay the start date instead.

(edited)

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Best answer
Pedro
Expert
replied on Mar 08, 2022
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

It should work more or less like this:
- If you renegue to accept an offer from the competition, it's bad.
- If you NEED to renegue because you have a valid personal reason, then it's something they understand. Of course, if it is not a permanent or long term limitation, you should just postpone the starting date.

Consulting firms hire high calibre people and usually want to be in good terms with them - as long as they behave in a decent way. 

Now, there's one thing you didn't ask, but I think must be said: don't decide this alone, and don't make a decision without talking first with them. Explore this with McKinsey and envolve them in your decision process. 

It's always better to just be upfront and say that you have a certain situation and must reevaluate and ask THEM if they have any specific suggestion, than coming them with a “done deal”. And I say this because you haven't decided yet, so that means there is flexibility on your side as well.

Also understand that while postponing a starting date for 12 months is not very common, postponing more that 12 months is not necessarily impossible - as long as the reason justifies.

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Charlotte
Expert
replied on Mar 08, 2022
Empathic coach, former McKinsey Engagement Manager |Secure offers from top consulting firms

Dear candidate,

I would also say that postponing the start date is a better option. Many times the firm is very flexible and you should have this opportunity. Also do not forget that once you have joined the firm and established yourself you can likely make use of part-time options, which might help you handle your personal situation better.


Best regards

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Moritz
Expert
Content Creator
replied on Mar 08, 2022
ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos

Hey there,

This may be less bad than you think. There's all sorts of things going on in people's lives that have a major impact on their careers - at McKinsey and elsewhere. At McKinsey, everyone is VERY aware of that because it's such an intense career path in many ways.

Have a frank talk with the recruiter and explain the situation. Make them understand so you can find a solution together. If it turns out that the only solution is to withdraw for the moment, so be it. However, by involving HR in this you won't be burning any bridges.

Hope this helps! Best of luck!

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Florian
Expert
Content Creator
replied on Mar 08, 2022
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hey there,

Straight to your questions:

  1. What will happen: A McKinsey offer is usually valid for one year. If it's due to personal reasons, I would definitely reach out to HR and discuss with them. They will likely be very understanding. No negative will come from it for sure!
  2. Yes, if you join within the year, the offer is still valid. Sometimes this period is even extended to 18 months. If you want to join more than 1 year later, you will likely go through a shortened interview process (2 interviews with partners)
  3. Bans are global, but this would not apply in this situation (see point 1)
  4. I have seen people postpone their offer for more than one year, yes, and with a proper explanation, it was not an issue.

All the best for your future!

Cheers,

Florian

 

 

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Francesco
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Content Creator
replied on Mar 08, 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there,

It seems you are still interested in McKinsey. Rather than rejecting the offer, I would talk with them and ask if you can postpone the start day. I coached candidates who were able to postpone the start day to more than 1 year after the offer was extended.

Hope this helps,

Francesco

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Udayan
Expert
Content Creator
replied on Mar 08, 2022
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience

Did you want to renege or change the start date? While it is not clear what your situation is, if there is a possibility that you can join much later (lets say 6 months to a year from now) that is an alternative you can explore and one they are open to for reasonable circumstances.

 

In general - as long as you are honest and are able to clearly communicate why you are not able to take up the offer they will understand. You can also ask what the consequences might be although I am not sure why you are worried about this if you are not going to be working for them. If there is a ban (unlikely) then yes it will be global. What is more likely is that when you apply next you will have to walk them through the whole situation again and you will need partner support to apply again.

 

All the best,

Udayan

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Ian
Expert
Content Creator
replied on Mar 09, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

#1 See if you can postpone. Plenty of people have postponed for even a year!

#2 Be honest and open. Explain that you aren't even taking an offer but have a serious personal matter that you can't ignore. They will understand

#3 Aim to do it “in person”. Instead of operating via writing try to have a call or videoconference. It'll go over better that way 9 times out of 10

Good luck!

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Pedro gave the best answer

Pedro

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