Reneging

Question is should I renege my internship offer at an consultancy for a AM/IM/BB internship 

Background: I have an internship offer from an reasonably prestige consultancy (Marsh, mercer, big4, momentum, NOT INCLUDING MBB) this summer that I recently accepted (this week), which I had to accept this week because of the deadline. I had no other offer at this time. I am also still actively recruiting 

I am also currently in the process for an asset management / investment management internship investment research position and a few other BB/SWF internship positions, but the AC isn't til later next month.

On the condition that I do receive an offer from one of these firms, should I renege and are there consequences of reneging an consultancy offer for a IM/AM/BB offer?

4 Comments
 

Thanks for the reply.

I seen many discussions about this regarding banks (e.g. EB to BB etc).

In my case this is from rejecting consulting to accepting possible AM/IB offer. 

e.g. After i have accepted (internship starts in july), but i chose to reject in the next 4-8 weeks, how bad is that?

And should I tell them via a call or email?

 

Funny cuz the places people reneg for (GS, etc.) would lay you off in a heart beat if they needed to, but the places that people reneg from (Blair, RayJ, etc.) strive to make layoffs a last resort

 

Voluptas repudiandae suscipit iure sit nesciunt. Ea molestiae possimus deserunt quo. Sed rem quia cupiditate accusantium assumenda totam in. Corporis assumenda assumenda eos possimus id. Voluptatum amet quo inventore amet numquam vel possimus vero.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”