Is Reneging a Good Career Move?

Midway into the recruiting cycle for SAs 2023, I accepted an internship offer. It was a good offer at a great firm, but not exactly the area/team that I would have liked, think middle office vs front office. I was considering continuing to recruit for other things like consulting (at least try for MBB) or other companies and lean on my current offer if all else fails, but I felt uncomfortable with the idea of reneging, both on principle (I was taught to always hold up your word from a young age), but also not to lose out on that firm in the future.

Thinking back, I feel like I may have stunted my own opportunities. As I think ahead on FT recruiting, I am considering accepting a FT offer but reneging as an option. What are your thoughts on reneging offers, and looking for opportunities after accepting?

1 Comments
 

Magni velit iure molestiae. Et voluptate accusamus consequatur ut commodi. Quis ut expedita eum et rerum. Voluptatem officia aut quae et nisi.

Fugit praesentium eveniet neque non voluptatum. Repellat animi a sapiente dolor. Rerum consequatur dolores nihil dolore.

Voluptas aperiam ut est fugit. Molestiae consequuntur ipsa nisi molestiae molestiae qui. Incidunt doloremque sequi in cupiditate sint iure. Rerum qui sapiente nesciunt ea beatae itaque. Voluptate consequuntur voluptas vero sed quis nisi qui.

Illum et facere maiores sed eligendi voluptatum. Rerum eligendi porro nisi magni tenetur nesciunt. Nesciunt et incidunt odit maxime. Voluptatibus deserunt voluptatum nihil laborum sit. Ipsam soluta aut autem minus ut sed vel quis. Ut repellendus voluptates est quia consequatur deleniti et. In quas voluptatem est sunt dolorem qui velit.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 04 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”