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Reneging burns every last bridge you had at the place. As an intern or first year incoming analyst, you think that might not affect you but finance is a small, petty world. Your PE interviewers down the road could easily call up your old spot for a reference check, which would not come back negative.
I would avoid it unless you absolutely have to
If they reneged before even showing up why would anyone ask for the reference from hr of a place you never worked for? And why would that even come up? As for the slightest of chance that the hr you reneged on is now your hr recruiting at this new place how are they going to remember your specific name five ten years down the line? Doesn’t make sense to me
Honestly no one cares. They will forget your name after 5 minutes. Do what’s best for you.
^ second this
Not worth it. Only worth if gap is large enough. Would be diff story if it was MM to EB. A lot of risk associated that people don’t talk abt bc all they care abt is comparing the offers themselves
If this is for SA, I can promise you no one cares, just do what's best for your career
just stay at moe/laz type shop... you will be fine
If you're a non-target getting a name like GS/MS on your resume would be invaluable and would highly recommend, pjt is a lot closer but if you dont have incredibly close relations at moe/laz id go for it
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gs is not generalist, so group placement doesnt matter, id honestly say non target try to reneg, target don't reneg, unsure what bucket you fall into
if moe, especially Medtech & Services, would keep but would reneg if laz.
Who the fuck is recommending to reneg? MOE/LAZ/PJT are roughly the same, they're all great shops and you'd be an idiot to reneg on that type of offer.
I'd understand like Piper/Stifel/Jefferies/Truist, but what's the point reneging on an EB for another marginally better (like incredibly marginally) EB?
you have to be slightly retarded.
GS/MS/PJT are not even necessarily better than MOE/LAZ, esp if you are in top groups at the latter. Don’t reneg
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