Was in discussion with a friend that has already signed for SA 2021...think/CS/GHL/PWP/MoCo
Although he already signed, he told me that he is still recruiting (or plans on recruiting) for/MS/ /PJT/CVP/LAZ/EVR
He thinks that the marginally higher prestige/exits outweighs the risk-adjusted chance of losing both offers. To quote him: "Many of these top firms don't care if you renege a lower bank. With how fragmented this process is, the situation lends itself to this happening."
Personally, I am very risk-averse and would never renege (but again, its easier to say this as someone currently without an offer), but I'd love to hear everyone's opinion on this subject.
Also, for context, we go to a borderline Target/Semi-Target school.