<p>So I interned at BIG<em>TECH</em>COMPANY (surprise surprise) last summer. Sometime last fall I thought it would be nice if I could intern with them again, so I asked, went through the whole process, and signed an offer. Now something more interesting, more money, more etc. has shown up. Is it okay to renege on the first company's offer? How do I do that and what kind of effect will it have?</p>
<p>Reneging on an offer could or could not put you on their blacklist for hiring in the future, if such a thing exists. Also, if you got this internship through the career center and the company notifies the career center then they could suspend you from their services for a period of time.</p>
<p>You would have to weigh the benefits over the risks for this internship. Ask yourself if the experience and money is so much better that it’s worth the chance that you could never work for that big company again? It sometimes is and it sometimes isn’t. If you are doing roughly the same work for a couple of bucks extra an hour, I personally wouldn’t burn any bridges for small amount of extra money. The future opportunities are much more important than the couple of bucks now. But, if you were to say move up from fetching coffee into some kind of programming or development role that will help you get a good job later, then I would say go for it.</p>
<p>Agree with above sentiments. Would add, it is still just March and if you really see the other as “more everything” and I assume that means experience, it may be worth going for it. I would think there is still time to contact your internship and say “I really appreciate the opportunity and am very sorry but my plans for this summer have changed and I will not be able to do the internship…yadda yadda yadda.” So my advice is if you can get out of the one politely and without dramatically burning bridges, it may be worth trying. But be grown up about and don’t slime out of it by not contacting them. As said above, if just for a couple more bucks, not worth it, but if it gives your broader or new experience it may be worth it. And I am sure there are other eager candidates ready to pounce on the one you don’t do.</p>