Our full-disclosure policy allows us to inform students of employer actions such as rescinding job offers, postponing start dates, and making exploding offers. We disclose these types of actions on our student-facing Full-Disclosure website.
We encourage our students to report these actions to us so that we can communicate with the employer, assess the facts, and attempt to resolve the issue. Issues that are not resolved remain on our website for three years.
We also ask employers to notify us of students who have accepted more than one job offer or are continuing to search for positions after accepting an offer. Such behavior may be a violation of Chicago Booth's Standards of Scholarship and Professionalism, which govern student behavior.
Company actions that warrant full disclosure include the following:
- A commitment (such as a verbal offer) that is withdrawn
- An offer that is withdrawn before the student has accepted or declined
- An accepted offer that is rescinded
- An offer that is not accompanied by a reasonable amount of time to make a decision (an “exploding offer”)
- A summer internship that is substantively truncated (shortened internship duration from original offer)
- A delayed start date (start date pushed back from originally agreed-upon start date)
- A significant change to an agreed-upon offer, such as salary or location
Why We Disclose
In adopting a full-disclosure policy, Chicago Booth has opted not to impose sanctions on employers who fail to abide by our recruiting policies. However, we think it’s important to disclose this information to students for two reasons:
- Disclosure supports students in their job search. Knowing that a firm conducted interviews before the start of formal campus recruiting or failed to honor the terms of an offer gives students useful information as they make decisions. It also encourages students to reach out to the firm with questions instead of relying on secondhand information.
- Collecting and evaluating such information helps us engage employers in constructive dialogues about hiring Chicago Booth students and alumni. In many cases of adverse actions by companies, we’ve been able to work with employers and students to reach a mutually satisfactory solution. We also ask corporate partners considering such actions to inform us beforehand and to minimize the consequences for our students. Such actions have served to foster goodwill between parties.