What is the general consensus of reneging an on-cycle offer if the fund upgrade is quite significant (e.g., established MM fund ($1-3bn) -> top MF in different city (~$20bn+)? Would the headhunter relationship be burned forever or only for future Associate roles (i.e., come VP lateral recruiting they would work with the candidate again)?
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definitely burned. pe is a very small world
Yes. Your HH relationship will be burned, likely forever.
Take the MF offer. Congrats
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