Should i renege? Boutique vs BB

Looking for answers on whether I should renege, hoping to get answers from these 2 aspects:

1st : Is it worth it? - is the improved prestige, exits, and lifestyle worth it 2nd: How likely to backfire - if I take precautionary actions, is my decision likely to be found out

Details: BB has way higher return rate than boutique, didn't go through OCR for both offers

Current offer: strong, specialized, sweatshop boutique in city A (think maybe FT Partners)

Potential renege option: BB in city B focusing on same but covering broader than the boutique (e.g.: boutique fintech ->bb tmt, chemicals boutique industrials bb, fashion boutique -> bb C&R)

Not really chasing the BB prestige but rather heard very bad things about boutique's culture

my biggest worry is that the 2 companies may have cross paths at one point since they cover somewhat similar industries and my reneging gets found out

19 Comments
 

I'd go BB whether you want PE or stay in IB. Gonna be an uphill battle as competition is insane for PE recruiting. Brand name of BB will help

 

i would say fintech partners (FT) would be a good equivalent (top in what they do, brutal sweatshop, decent exits)

 

In 99% of cases you absolutely do not have to worry about this backfiring on you... As someone who has (1) actually reneged on a verbally-accepted offer; and (2) been involved in summer analyst recruiting for few years now, i can guarantee you that you can do what makes best sense for you.

If this was for a full-time position after you've interned with them, sure some people might hate you for this (especially if you were their top pick). Even then, the chance of them "telling on you" is very, very small.

If this is for an internship position, there is no need to worry. Obviously most people at the firm don't even know who you are and even for those who actually were involved in the recruiting process, they will forget your name after a couple of weeks (no offense intended, I'm just being honest here).

 

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