Advice Please - Questions answered
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What do you gain from moving from a place like JPM to GS or from CS to MS? They are both highly regarded, will give you great experiences, and provide you with good exit ops. So unless you really hate the idea of working at JPM/CS, I don't really see how the pros outweigh potential cons. However, if you know you will be on a really good group at GS/MS than maybe its the right call, but if you take a step back and look at the big picture they are all basically the same job, same compensation, same skills developed, maybe slightly different exit ops, and a slightly different culture. I guess my point is that if you don't have a great reasons for reneging than I wouldn't do it, because you are going to get very similar experiences as all of those firms.
Who accepts an offer in December. Dumbest thing I've ever heard.
Stay with your offer, get a FT offer and if you really want to make the switch do it during FT recruiting. No need to burn bridges as JPM and CS are great firms. My 2 cents
Don't do it.
My goodness, why would you renege a JPM offer?!
What will you do if you don't get an offer at GS at the end of the summer? Think forward. MS banking is in a slow decline.
GS and JPM are the top two BB's right now. If you accepted an offer already at a BB, pls do yourself a favor and accept. JPM hires 90% of its class into its full-time program.
What in God's name are you talking about?
Addressing the question directly- probably not worth it. JP/CS are both top notch firms to work for, and both have higher offer rates than GS (about the only thing that made sense in the quoted post). If you still want to go to a GS or MS (neither of which are drastically better than JP or even CS) get a FT offer from your SA and then re-recruit with that offer in hand.
You threw monkey shit, really dude? What did I say that was so contentious, just curious?
While GS is THAT name everyone strives for, you have to put it into perspective. JPM is sitting right up there at the top and CS is still a BB...technically you have the dilemma of picking one ivy over another. What i'm saying is, in the grand scheme it won't make a hugeeee difference, all have incredible exit opps/b-school perspectives. If you've accepted, don't renege. Also take into consideration, with the fluctuation of the economy, maybe a year from now JPM will be at the top and you'll be happy you didn't renege. Just my two cents.
I think you could renege without much of an issue...
This is for a SA position, no one in the bank knows you or cares about you...you dont even have a bridge to burn. The only person who may be irritated is the HR person who won't take it personally, has no power, and probably has pretty minimal communication with the actual bank anyway.
Do what you want
Don't renege, but stay in touch with any contacts you have at MS/GS and apply there FT after your summer. Tell them you'd love to work there but have already accepted an offer elsewhere, and aren't comfortable with reneging, but are extremely interested in going to MS/GS for FT. I think they'd respect you for that and keep you in mind when FT recruiting comes around. As people here have said, the marginal benefit of reneging probably isn't worth the cost.
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