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3334

I think Whiskey is right. Just for instance, I know it's GS because MS IBD superday offers aren't out yet (except extremely few). So just be cautious of what you say online.

I mean you could do it and of course it is very tempting, but keep in mind what could go wrong. You don't want to lose your current offer and then know that GS rejected you.

I find this ridiculously helpful, and kind. SB-ed

APAE

Two options here, really.

a) Continue recruiting. If you are a strong enough candidate to get the first offer, you're strong enough to get the second. Obviously a tremendous amount of luck comes into it (do they like you, are the other kids interviewing that day studs or duds, etc.), but you need to have that frame of mind. Don't be cocky, but believe in yourself and crush anything put in front of you.

b) Stop summer recruiting, but continue building your network with that second firm and strengthening your existing connections. This will pay dividends during the full-time recruiting process; if you have strong relationships and a return offer from your summer role, you can set up interviews everywhere that people know you. This is the risk-averse play.

Given that you come from a non-target, your school probably doesn't have many guys break in each year, you mention that alumni helped you significantly in this process, and that you'd feel awful ... I don't think there's a question here.

Go with the second option. You can easily crush the summer, you have an offer with six months of time to prepare in advance. As long as you're doing well, have good reviews at your current place and can speak strongly and specifically to them, and know enough people at another firm, you can get interviews scheduled with other firms before your internship even ends.

All the banks love to poach top candidates from each other. If you have a similar situation with the new firm as you do with the one where you already signed (alumni know you, like you, and have helped you), it's fairly easy to call and say, "Hey, I already signed with another firm because the offer exploded. I'm still really interested in your firm though, and I want to stay in touch over the coming months."

You look mature, self-aware, and responsible; trust me, they will remember that. And, as long as you ping them every month or two over the spring with the usual chit-chat, once as you start your summer training program, and immediately after your mid-term review, you can easily snag that lateral interview in August.

In short, you have a lot to lose. It's not like you're at a small boutique or a MM firm. You have a BB offer. Be smart. That means don't risk anything now when you can have it all later. What's the outcome from reneging on your current offer? A bunch of ruined relationships and a summer offer (potential full-time) at a better bank. What's the outcome from following the steps I just outlined? Great relationships with alumni at two banks, and potentially, two full-time offers from top banks.

Hope this helps.