Advice Needed on Reneging Offer

I accepted an offer at a lower-tier MM (BMO/Truist/Stifel) to start this summer after I completed the internship back in August. I recently got an offer from one of the top EBs to start a FT job this summer.

What would you do in this situation? I would have no problem reneging if it was far is advance but I'm worried about reneging so close to when I'm supposed to start.

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