received offer a while ago at a tier 2 for ibd so I signed and accepted the offer, however recently have been made an ibd offer at a tier 1 (GS/JPM/MS) and now want to accept the new offer - how do I go about reneging without risking both offers being withdrawn or being blacklisted from the tier 2? thanks!!
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Tier 2 as in Citi/BAML etc.? If so, it might make more sense for you to honor your contact. You can always lateral but you don't want to risk the other firm finding out your reneged/getting blacklisted.
But the tier 1 offer I got is for my dream bank, I've always wanted to go there since I was like 18 :/
Confirm that the top IBD is ok with you renegging
Won't they withdraw their offer as soon as I say I've already accepted another?
That's on them. Just give them full information.
Agree with above. Make sure the Tier 1 is okay with you reneging the Tier 2.
However, in saying that though. If the Tier 1 is okay with you reneging, and you do renege. Be aware that you with a 99% chance will not be able to rejoin the Tier 2 for a future SA/Graduate role if need be (this comes from personal experience).
However, again having said that, I'm sure it will not be a problem lateraling further down the line to the Tier 2 if you choose to become a career banker.
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