A bank called with a job offer as credit risk analyst. Comp is not the best pay considering living expenses for a condo in the area. I'm in the Philippines so banking careers here don't make it rain as much as US (but still has good pay)
Then there's this Energy Company with an urgent financial analyst position. I like the job, company, and management. No definite comp but the salary range is DOUBLE the other company.
Passed 1st interview and on 2nd interview they said I did well on the financial model I created and presented for a live case. They said there's a final interview, more of a get-to-know personal interview, I'm awaiting sched.
Bank wants a final decision tom. Tues 3pm. I've already delayed it last Friday. I followed up the Energy Company on the final interview today but they'll still talk with the other interviewers for their free sched.
Should I call them tomorrow morning and be up front that I want to be in their company but there is a job offer?
I mentioned in to them in the 2nd presentation on the other job offer but I don't want to sound like I'm rushing an interview or whatnot. Between the two, the energy company is definitely a better bet for eventual IB target (IB career path is different here vs US). I want to find another job already so I worry that if I turn it down I might go back to zero again.
What would you do if you were in my shoes?
Sometimes you just gotta renege man
Kindly elaborate bro? You mean turn down the bank offer? Or take it then jump ship if ever I get the other company?
How big is the bank? If it's small you might have to renege.
Upper-mid rank in terms of size (AUM) here but the pay is, in the words of my banker friend, horrible for my experience and skills. I'm just in a tight spot right now.
Yeah I agree take the first offer and still interview for the second.
The jobs are different industries, it’s not like you’re reneging a IB offer (where the community is small).
Cover your bases and accept the credit analyst role and jump if you get the one you want.
Thanks for the comment man, as in I'll take the job, sign contract and all, then just move when there's a chance a few weeks/months down the line?
Yes, you got it, at the end of the day you have to make the best decision for you. It's not that big of a deal, credit analysts are VERY replaceable.
Accept the first offer and negotiate a start date that will be after the second interview process is finished up. That will be much better than starting the new job, working for one week, then leaving for the other position.
I'm quite familiar with the landscape and I would say wait. If the bank is what I think it is (UBP/EWB/AUB), you're better off with the energy company (assuming FPH/AC). Happy to discuss via PM if you want more details
1 offer and 2 pending final rounds (Originally Posted: 08/19/2016)
Hi Monkeys,
I'm in a little bind today. I received one offer for a fall internship so far with 2 other second rounds for 2 other firms. I'd really like to hear back from them before I make a decision on this offer.
How do I approach emailing their HR about this without sounding too rushed?
Any advice would help!
Just state it as it is. You have an offer with one firm, but you're really interested in the position at their firm as well. Is it possible to accelerate the interview process?
Offer Received, Interview Pending (Originally Posted: 01/01/2013)
I have an offer from Goldman Sachs Tech (back office), and an interview with Credit Suisse IBD (front office). Goldman wants an answer soon. How can I nicely and professionally ask Goldman HR to wait for me to hear back from Credit Suisse? Credit Suisse said they'd have an answer to me by the end of the month, but I haven't been able to get in touch for the last week because of the winter holidays.
You're thinking about turning down the most prestigious group in banking?
Not that prestige is my main factor, but you're saying Goldman Tech is more prestigious than Credit Suisse Investment Banking Division?
How do you get an offer from Goldman Tech if you can't answer that question yourself?
@DoWellByDoingGood when did you have your first round for CS and when did you hear back about superday?
Let's clear something up here: GS technology department or GS tech banking?
Ah fuck, totally slipped my mind
@wallstreetmusic Goldman Tech superday was a few weeks ago and I got the offer a few days after. Credit Suisse is for Singapore office, so all of the interviews have been and will be by phone. CS HR already told me they want to schedule the next round of interviews "right after new years."
I think he means Technology Department, so basically its BO
@SirTradesaLot Ohhh yes that is confusing! It is for the Technology division (not the investment banking division). Investment Banking division focused on tech companies would be my top choice if I had it, but I'm not being picky at this point.
Just get an answer from CS asap. People should be back tomorrow. You can tell them you have other offers that are pressuring your for a decision, if you need to. Most likely, people just weren't in the office last week.
Agreed but I just made it past first round. It'll take some time, even if telling them about the offer speeds things up. There is still second and third round to go. (Goldman wants an answer by close of business).
I was hoping y'all could give me some advice on how much I should divulge to Goldman to get extra time.
Ok, I didn't get that. You're going to have to figure out how much you want to roll the dice. You can ask them for more time, but they'll probably say no or give you a week or two. (you can just say something like, "I have opportunities in wildly different areas, so the choice is not just GS vs. another firm, but entirely different career paths, so I want to make sure I am considering all angles. Can I have some more time please?")
If this is for a summer position, I'd roll the dice with CS if you run out of time. If this is for full time, it's more difficult and your call. If you are sure you will not want to take the IT job, you can just tell them you are more interested in IBD and can ask if they hook you up with that dep't. Very risky though, as there is a good chance they won't and you could lose your current offer. But, if you don't care and are going to reject it anyway, then what do you have to lose? That doesn't sound like your state of mind though.
I would still be honored by a GS Tech positon — not a bad job for a graduating undergrad. However, any bulge-bracket IBD would be way better, and Credit Suisse has a great reputation and culture from what I've heard.
@SirTradesaLot thanks for the advice :). These are for full-time positions, so the decision is important for me. I did internships in a number of other fields before, and definitely would like an IBD role as my next challenge.
Ah, I was going to say... A GS TMT candidate would know what to do in this situation. Definitely, and modestly push back the GS acceptance decision date.
Waiting to interview with BB in Asia with two offers (Originally Posted: 04/25/2011)
So i got an email from an associate asking for my resume from a BB in Asia (think GS, MS, CS, JPM). this is for SA. I have two offers that expire in 1 week and a couple days in the U.S. well known boutiques.
The associate from BB in Asia told me that he will follow up in a week or so for an interview, it has been a few days so my question is how do I follow up as humble as possible letting him know that I have two offers already and want to set up a time to interview so a decision can be made? Does that sound right or too pushy? I don't want him to back out.
Also what is the rule for reneging offers? Say if I verbally (or express further interest) in the two offers in the U.S. without formally signing anything does that count as accepting an offer or can I still withdraw without actually breaking the promise?
I also have an offer from a big 4 TAS in Asia (same location as BB) and I have not signed anything yet. Am I safe? They don't really have a strict deadline policy. They are assuming it is my only offer and I'll take it. If I do get the offer from the BB I don't want the big 4 calling the BB up.
thanks
intra-industry reneging is generally looked down upon, although i think youre in a bit of a better situation since the firms are in different countries. honestly you most likely wouldnt have to worry about boutiques calling up asian BB offices letting them know about you reneging on an offer.
if you just have an offer, but have not actually signed anything or let them know that you would be accepting the offer, then there should be absolutely nothing to worry about. If you have formally accepted an offer, then there might be something to worry about, but if you haven't then you should be fine.
Ask him to fast track you and if it doesn't work out - take the boutique offer, stay in touch and reach out to him towards the end of summer for FT.
Inform him of your exploding offers via email, it's the only thing to do. Firms will generally push the accelerator on candidates who are already dealing with other offers. Worst comes to worst, you stay with the best boutique you can for the summer and stay in contact with the guy for later opportunities after you get the SA under your belt. Best case, the guy likes you a bit, pushes you through the process, you get the BB offer.
thanks guys
ok...so what if I sign the offer from no-name boutique in US. and accept offer from a Big 4 TAS in Asia (I'm trying to get into the region fyi). How do I go about letting no-name know that I'm not goign to work over the summer? should I troll and say death in family or injury or soemthing? I'm not a good troll
please help
Take Bank Job Offer or Wait for Final Interview with Other Target? - Need Final Decision Tomorrow! (Originally Posted: 02/12/2018)
A bank called with a job offer as credit risk analyst. Comp is not the best pay considering living expenses for a condo in the area. I'm in the Philippines so banking careers here don't make it rain as much as US (but still has good pay)
Then there's this Energy Company with an urgent financial analyst position. I like the job, company, and management. No definite comp but the salary range is DOUBLE the other company.
Passed 1st interview and on 2nd interview they said I did well on the financial model I created and presented for a live case. I'm awaiting sched for a final interview, they said it's more of a get-to-know personal interview.
Bank wants a final decision tom. Tues 3pm. I've already delayed it last Friday. I followed up the Energy Company on the final interview today but they'll still talk with the other interviewers for their free sched.
Should I call them tomorrow morning and be up front that I want to be in their company but there is a job offer?
I mentioned in to them in the 2nd presentation on the other job offer but I don't want to sound like I'm rushing an interview or whatnot. Between the two, the energy company is definitely a better bet for eventual IB target (IB career path is different here vs US). I want to find another job already so I worry that if I turn it down I might go back to zero again.
What would you do if you were in my shoes?
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