Reneging Top EB for BB IB -> VC?
Hey all, I'm currently a sophomore at a top target. I was fortunate enough to secure a summer 24 offer from an EB recently. I was super relieved given that I started prepping for recruiting pretty late so I signed pretty much right after I received the offer. I also thought it would be the best place for exiting to PE for full-time. But after further consideration, I'm having second thoughts. Its PE exits are actually kind of meh, and I realized a little too late that the EB isn't as strong in healthcare/life sciences than I had previously thought, which is the industry I want to specialize in. Also, I have always been pretty interested in the VC world, but have only recently seriously considered the prospect of pursuing it full time over PE. Looking at the LinkedIn profiles of people who have exited to VC right after college, it's clear that that most who did banking for their junior year internship were at a BB, especially at GS. Ideally, I would intern at a GE/VC for my junior summer instead, but I'm pretty sure the top GE firms have already wrapped up recruiting and VC internships rarely convert to full-time.
Which leads me to my dilemma: should I re-enter the recruiting cycle, try to secure a BB offer, and if I receive an offer, renege on my EB? My biggest fear is that if I were to secure the BB offer and renege on my EB, people at the EB would contact the BB and my offer would be pulled. Of course, I could keep it on the DL, but I feel like the anxiety of being found out and getting my offer pulled would be too much to handle especially for like a year and a half until summer 24. What should I do?
Relax my friend, just do EB -> Growth Equity for 2 years -> VC, you see it all the time.
I would absolutely not renege an EB for a BB - especially if trying to land in the same group. They are way too close. If you had a MM offer, or if you were reneging to go straight into VC, that might be okay but the downsides are high here.
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