Struggling to Renege offer, need advice please?

 s

1) you can try to leverage your other offer into a specific group/location 2) beware of the risks of reneging for future OCR but only reneg once you have both offers in hand and that the other firm is aware of you reneging.

Pass on wells

@BBEGal This one's for you.

I wouldn't accept Wells unless the MM firm is like a Ray Jay or a Suntrust. If you're at a Blair or Baird level, I wouldn't renege.

Better to be a star in your dream group/city than sit in a bad group in Charlotte telling yourself the Wells name is worth it

Unless Goldman TMT is coming for you stop recruiting. If your MM firm gets wind of your interviewing you could lose that offer too... plus if you renege you will kill all chances of future people from your school getting into that firm.

Don't know why you're giving it much thought. Let's be honest, the difference in name recognition isn't enough to sacrifice your dream city, dream group, and potentially burn bridges within the industry. You made it.

Don't think the risk is worth it, especially for an "in-between" bank.

can anyone share what an "in-between" bank is?

I don't understand why you're even considering this. Ideal group in your ideal city in a well known MM is better than an "in-between" BB on its own. Add in uncertainty about group and city and it should be a no brainer. I highly doubt there are exits that someone like WF will get you that you can't get from a nationally known MM like Baird or Blair

https://www.reddit.com/r/consulting/comments/419ovl/the_happiness_tread…

Don’t renege your offer man if you accepted it in the first place. Also it is your dream city and group so don’t let that slip for something at a non-bulge that you wouldn’t even like probably. Besides, the finance world is small and word might spread. MM can be fun with high deal flow so it can be quite a diverse experience where you get some good exposure if you’re lucky

If this is for FT recruiting, you would recruit directly into a specific group at Wells if you have a connection in that group. If you go through the generalist recruiting process for a SA role, then yes, unless you've networked with a specific group, there's a chance your placement will be random.

My advice would be to go with the firm that you feel like you'd do the best at. In this case, it sounds like it's the firm you have an existing offer from.

If it's your dream city and dream group, I'd stay where you are. It's human nature to always wonder if the grass is greener on the other side, but the way you've framed the post, it sounds like you already know you should stay where you are.

I guess you really just gotta ask yourself, why do you think reneging is a good idea? Is it the comp, the exit ops, or just the idea of being at a larger bank? Don't know the specifics of your situation, but I have a feeling when you weigh the costs vs. the benefits, you'll see there's very limited upside in reneging. I'm at a boutique myself and I wonder about trying to lateral, but for me, culture and fit is a lot more important than trying to move to a more well-known firm. Best of luck coming from a fellow non-target in the South.