How bad is regening?

How bad is reneging? If you accept an offer and then go back on it a couple months later for a full time position. Obviously it would ruin your relationship with that bank / team but is it really that big of a deal in terms of new firms if they found out later on?

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Consensus seems to be that context matters - if you're rejecting JPM for I dunno, MS, that could be risky. If you're reneging from CS, everybody gets it, or if you're reneging from Stout for Moelis. Also if it's like a location thing (reneging Houston for NYC), that also seems to be more ok. Just try not to disclose that you reneged to anyone ever as much as you can, obviously.

 
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