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As someone who has worked on the college recruiting side. This happens more times than people think. If you think it’s a better opportunity that aligns with what you want to do, then I would do it and let the company you’re leaving know ASAP. Just be ready to accept that you may not get another chance to work at the company you’re leaving anytime soon
We need more info.
Are both offers in the same industry?
Does you school's career center have policies against reneging?
Etc etc etc
The company isn’t going to be heartbroken about an intern bailing. Do what’s best for you
Agree^ if they were flexible with the first negotiation count that as a win and sign the line