Is it worth to renege a return offer?
Is it worth it to renege a return offer from a decent group at a low MM (e.g. Stephens, Stifel, JMP, etc) for a top group at a top MM (e.g. WB, Jefferies, Baird)? Comp, location, and deal-flow would be better overall
I know everyone hates these threads but wasn't sure as most posts are about a "significant" upgrade e.g. boutique/MM to BB
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At the end of the day you need to do what is best for you and your career. You might feel guilty about it but keep in mind that banks have no issue with rescinding offers, cancelling internships and going back on their word when it suits their interests, as we have seen this past year.
spam
I'd just stick with letting HR know. If you talk to the people you worked with they might try to get the name of the firm you are going to which could screw with that offer if they know people there and mention that you reneged with them, finance is a small world. Obviously if they reach out don't ignore them but I wouldn't give up the name of the firm you would be going to over them.
Is it the same industry group at each bank or are you changing coverage?
Similar industry
What did you end up doing?
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