Offer Time
To all you Associates out there: Can anyone chime in on how long (after your final interview) you waited before getting an offer? If I was supposed to hear back Wednesday but didn't. Should I be worried?
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They usually tell you the night of or the next day. And if you do, you'd get a barrage of phone calls from Associates to MDs giving their congrats.
So I should move on?
tough call
I'd say move on.
Wait a week. If you haven't heard, you're on hold while they see what the yield is like on their first wave of offers. If you're dead, you'll know soon.
GhengisKhan:
How much time do people interviewing for summer analyst spots get to think about an offer?
I have heard that it's generally around 1-2 weeks, but does this mean all the other candidates "on hold" do not hear anything from HR until at least one candidate gives a yes/no?
The timing of deadlines depends on the school policy, but yes. You're on hold until the spot clears up or goes away.
Thanks for the reply.. What if the candidate is from a non-target? Since the firm does not have a relationship with the candidate's school, do they give non-target students exploding offers?
Actually, I don't know the answer to that. I don't think we would. Part of it is a difference in philosophy. At our firm, HR would love to explode offers. Yields are down, and it makes life hard for them because it's a very competitive market for talent. They also prefer to make offer decisions in light of whether they think we'll get an acceptance or not.
My personal view is that you should make the offer and let the kid choose to take it or not. Quit worrying about whether he's more likely to take Morgan Stanley's offer or ours. I hate the idea that we should strong-arm someone into taking a job they should be happy to take.
It's just the right thing to do. Of course, I spend a very small part of my life on recruiting, so maybe it's easier for me to say that than if I was an HR person.
I got several call backs after having heard nothing for days. I also got a couple dings after waiting. But I never, ever was simply forgotten about. Just give them time, they'll call you.
I've been forgotten about at Citigroup before.
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