Renege on Back Office Role at MBB for Front Office at Tier 2

I recently accepted an offer to join a Knowledge/research team at an MBB, but suddenly received an offer at a tier 2 within a front office role coming in at a higher pay and tenure (research teams at MBB don’t get paid particularly well). Is it a bad idea to renege on the MBB back office type job to switch to a front office job at a tier 2 (i.e. OW, EY-P, S&, D S&O)?

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