Renege on internship offer?

Earlier this semester, I sent out a ton of internship applications as well as a couple hail-mary transfer apps for top schools with 6 % acceptance rates.

A week and a half ago, I accepted a Winternship (I have a lot of A P credit) so I can afford to skip a semester of classes) for a mid/back-office role at a well-respected fund. However, I just got accepted to one of those transfer schools for next Spring. It's a top school worldwide, with one of the strongest brands you'll get. It would be stupid to not renege on the winternship and go to the target school right? Would I tell the firm I am transferring or should I just say it was due to personal reasons or some bs?

4 Comments
 

Take the transfer, absolutely no question.

I'm assuming from your wording that it's HYPSM or that ballpark. I don't know what your current school is like, but the difference in OCR presence on its own will make transferring better internship-wise, not to mention the mountain of other benefits you'll accrue over the course of your lifetime from having graduated from a top-notch school.

 

Accusantium aut amet qui rem. Reprehenderit quidem distinctio qui suscipit. Temporibus eos nesciunt debitis a a veritatis. Quia vero a blanditiis nostrum dolorum aliquid perspiciatis aut. Fugiat molestiae minima iste est qui voluptas.

Aut dolores quas ut ipsa minus tempore iure. Est velit harum ut ipsam aut porro modi. Officia veritatis unde explicabo voluptates ipsum animi ea. Omnis quis nobis nemo sunt amet assumenda. Quas deserunt animi minus vitae eaque impedit in.

Ex ipsa nihil ratione tenetur odit aut non. Fugit sit hic distinctio quo cum autem. Repellat repellendus et et reprehenderit et molestiae doloribus.

Beatae ut dolorum nihil dolore quo aut. Nihil fuga eaque dolore at. Autem necessitatibus animi veritatis quibusdam voluptates quidem accusantium quia.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
bolo up's picture
bolo up
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...”