How do I decline an offer?
There comes a time when you have to turn down an offer. Doing so in a timely and thoughtful manner will help maintain your professional relationships and keep doors open for future opportunities. Here are a few tips to consider:
1. Choose your timing wisely
In general, you should decline an offer as soon as you have made a decision to join another employer. Honor the deadline you and the employer have agreed upon. However, don’t rush to make a decision if you are unsure. Ask for more time to decide instead.
2. Stay truthful and positive when giving your reasons
Providing an explanation is optional when declining an offer, but it shows your sincerity. You can keep it simple by saying, “I accepted a position that aligns better with my career goals.” Avoid misleading the employer by giving a false reason. The recruiter may use the information to give you a revised offer or later find out that you lied. Either way, it will put you in an awkward position and damage your reputation.
3. Start and end with gratitude and appreciation
Thank the recruiters, interviewers, and your references for investing the time and effort in your interview process. Express your interest in staying in touch for future opportunities. If you can think of any of your classmates or contacts who would be a good fit for the role, don’t hesitate to make a referral.
Get more quick tips on this blog post and see example letters of declining an offer.
While the demand for finance talent remains high, recruiting timeline and activities may look different for every MFin student. Whether you recently started your application or are actively interviewing or handling offer conversations, you are always welcome to meet with your cohort advisor to strategize your next steps.
