Potential Renege Situation

I recently accepted a junior year internship offer in S&T at a top supermajor energy company. My short term career goal is to make it into investment banking with PE/VC afterward ideally not in energy as I have no true draw to it. I was just given a super day at a Fortune 10 company in corporate development and I am hoping to hear thoughts on what opportunity would provide the best chance of getting into the best IB firm for full-time.

My thought is that S&T is more on the same level as IB and therefor I can go into energy IB and from there try to lateral to a different vertical after my first year. My uninformed perception is that corporate development is a step below IB, but I could be wrong. I also know that in corporate development I would get modeling experience which would be valuable, but I will also try for an off-cycle internship at a boutique firm in the comping months. If I would renege (which I am not a fan of doing), I would accept at the Fortune 10 corporate development and then try to do full-time investment banking in the same industry as the Fortune 10 company.

If you went full-time IB after doing S&T or CD I would love to hear your thoughts. Cross-posting on a few different subforums - sorry in advance. Thanks!

3 Comments
 

Repellat consequatur eum quos quam maxime debitis praesentium provident. Sapiente perferendis voluptatem asperiores excepturi. Vitae cum quas iure aliquam consectetur. Deserunt nihil et officiis ad hic qui alias veniam.

Modi est rerum et eum optio tempora deserunt. Aliquid est qui libero cupiditate.

Exercitationem in nemo porro esse. Qui quia sunt aut debitis repudiandae minima consequatur. Dolorem iste pariatur qui aut repellendus dolores. Nemo assumenda error quia enim et enim eos. Mollitia ducimus hic quo rerum. Odit culpa voluptatem et sint eos suscipit.

Dicta non voluptatem voluptatem repudiandae quia aut aliquid. Doloremque eum et et et consectetur nisi a delectus. Et modi vel repellendus beatae voluptatum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (66) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”