9 Comments
 

Hot take but CS offer prob better. Few have reneged but many are still trying to ride it out (Both SAs and FTs) As long as you get the summer you can lateral better than a MM but its up to your risk appetite

 

Do you already have the MM offer as a sure thing?

If not, do not pull out of CS for no certain offer. That would be highly irrational.

If you have an offer, there are three considerations:

  1. Will you be burning any bridges by reneging?
  1. Do you think you’ll be able to re-recruit for FT on the CS name and end up somewhere you’d prefer to this MM?
  1. Do you think that CS will allow you to have a return offer at UBS?

If you’ve answered yes to these, you should probably not renege. But if you’re thinking that you won’t burn any bridges that will be career-limiting, you’re not feeling bold about the re-requirement/FT market, and you think the CS offer will be a dead end…that’s another story.

 

Will you be burning any bridges by reneging?

Perhaps a consideration, but these are bridges to a sinking island. Many of the people who interviewed OP will also be looking to jump ship. No one cares about people reneging on SA anyway - these aren't particularly expensive positions to fill.

Do you think you'll be able to re-recruit for FT on the CS name and end up somewhere you'd prefer to this MM?

Wouldn't bank on this - FT is drying up. The experience and skills gained over the summer are also worthwhile considering. Can't imagine CS is winning many mandates.

Do you think that CS will allow you to have a return offer at UBS?

This is very much team and geography dependent.

 

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