Should i renege? Boutique vs BB
Looking for answers on whether I should renege, hoping to get answers from these 2 aspects:
1st : Is it worth it? - is the improved prestige, exits, and lifestyle worth it
2nd: How likely to backfire - if I take precautionary actions, is my decision likely to be found out
Details: BB has way higher return rate than boutique, didn't go through OCR for both offers
Current offer: strong, specialized, sweatshop boutique in city A (think maybe FT Partners)
Potential renege option: BB in city B focusing on same but covering broader than the boutique (e.g.: boutique fintech ->bb tmt, chemicals boutique bb, fashion boutique -> bb C&R)
Not really chasing the BB prestige but rather heard very bad things about boutique's culture
my biggest worry is that the 2 companies may have cross paths at one point since they cover somewhat similar industries and my reneging gets found out
not worth reneging imo
b
go BB
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did you graduate from a core target? recruiters wont question your choice of boutique if you have stellar academics and deal experience at the boutique but they definitely will if youre not from a target. would assume you couldnt land a BB offer as opposed to preferring the boutique route / knowing what you like
semi-target school for both bb and boutique, does that change anything?
I'd go BB whether you want PE or stay in IB. Gonna be an uphill battle as competition is insane for PE recruiting. Brand name of BB will help
Depends on the BB and whether you think you can work hard enough to get a return offer from the boutique
lets assume I can get return from boutique, and BB is not bad
If assuming a return offer then I wouldn't risk reneging unless the BB is MS/GS.
Depends entirely on the boutique imo. Some boutiques are risky dink places no ones heard of while some are well known in the finance world and have more prestige/better exists than many BBs
i would say fintech partners (FT) would be a good equivalent (top in what they do, brutal sweatshop, decent exits)
Boutique then recruit for FT.
BB bro make things easier on yourself
Valence group doesn’t make return offers so go BB
In 99% of cases you absolutely do not have to worry about this backfiring on you... As someone who has (1) actually reneged on a verbally-accepted offer; and (2) been involved in summer analyst recruiting for few years now, i can guarantee you that you can do what makes best sense for you.
If this was for a full-time position after you've interned with them, sure some people might hate you for this (especially if you were their top pick). Even then, the chance of them "telling on you" is very, very small.
If this is for an internship position, there is no need to worry. Obviously most people at the firm don't even know who you are and even for those who actually were involved in the recruiting process, they will forget your name after a couple of weeks (no offense intended, I'm just being honest here).
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