Reneging on offers
I just signed an offer, but was a little kinda rushed into it. It turns out I received another offer just shortly that has about 5-10x bonus upside as the first offer, and 30-50% boost in base salary. I kinda like the first firm I signed with they have great culture, great folks (and if everything, including $, were equal I would pick the first one over the second one), but the new offer gives me significantly more responsibility and financial upside that's hard to ignore (the 2nd offer allows me a full book and discretionary, better % of PNL and book size). I'm kinda feeling bad I signed the first offer already (didn't want to risk getting zero offers) but the upside on the 2nd offer is very significant. What would you guys do in this case? Stay ethically with the 1st one or renege and take the second one? I'm quite experienced in the buy-side industry not fresh out of grad. What is the right way to handle this? Culturally love the first firm but the money difference/upside is hard to ignore for the 2nd offer.