Hi all,
There's already some discussion on this topic, which I have been through, but wanted to get some fresh opinions if possible.
I have been made a verbal offer from Firm A and told that the letter/contract will be with me (hopefully) by the end of this week. I believe it's just an admin issue that is holding things up as everything has been signed off by all relevant parties.
At the same time, I am being invited to interview at 2 other places next week, both of which are quite interesting and desirable positions. I do not want to waste time preparing for those other 2 interviews as I would prefer to take the offer that I have been made, and I also don't want to waste anyone's time. However, the received wisdom is that "verbal offers mean nothing" and you are a free agent until the ink has dried on the contract.
Should I at least schedule the interviews for next week and cancel them last minute if the offer letter/contract comes through from Firm A by the end of the week? Or should I politely decline the interviews straight off the bat?
Your guidance is much appreciated WSO
You answered your question with the wisdom you quoted. Until you have a letter in hand, sign it and send it back to them, don't assume you have the offer in hand and prep for these interviews like you would normally. Even if you get the offer, I would schedule the interviews and go through with them.
Apologies guys, it seems I've omitted some important details. 1) I have already been given a start date 2) This is an internal move and, to my knowledge, won't require the same background check process (if any) as an external move. Does that make a difference to your conclusions?
While that does make it a safer bet, I would still follow through with the other interviews just to be prudent. It's a dog eat dog world out there, and you need to look out for yourself first.
2019 SA?
Always make sure you have something written and concrete. Last minute changes or cancellations are always a possibility.
I will still do the interviews otherwise.
Advice - Interviewing while holding offer (Originally Posted: 07/11/2013)
Just need a bit of advice about the situation i'm currently in.
I've signed an offer for a BO fund accounting/asset pricing role at a BB in a second city location. Going through background checks at the moment and have a start date etc.
Although not exactly what i wanted to do, i really believe in my ability and perform well at interview so am hopeful that after 1 or 2 years i can move on to something more challenging, i also think the experience will be valuable especially as i have no financial internships.
The problem is that on Tuesday i have a final round interview at a MM subsidiary of a huge Asian bank for a position in MO risk in a global financial centre.
I think risk is more along the lines of what i want to end up doing however i cannot be sure, the real question is is it possible to get out of my contract even if i was offered the job and the company seemed right? If so am i risking too much turning down a huge BB bank especially as i see more than a short term career in the industry.
It's risky but many people do it anyways. The opps are better if you take the risk.
Go on the interview. You already have an offer locked down.
Go on the interview. If anything you will be more relaxed because you have something, and you can be candid about your existing offer but you preferring the role you are interviewing for. If they like you they will move quickly. It kind of eliminates some of the BS and waiting during the process because having an offer and a timetable makes you a more attractive candidate.
id say go for it, although be discreet and careful. I know of someone whereby it got out (through classmates,colleagues etc), and needless to say the firm making the initial offer wasn't very happy about it. The person ended up getting the other job and taking it however.
Take the risk for Risk
The thing I'm concerned about is that this offer has been signed for over a month now, and I'm pretty far on with preparations with the BB, if I was offered the other job how the hell would I get out of the other contract?
I take it most contracts these days are at-will.
So if you just call HR and turn it down, they really can't do much. Just be sure you have any offer/contract locked in.
Right so i did the interview and have been offered the job in risk, which is pretty much the ideal situation for me, good money, good company, good location and prospects.
Only thing to do is ring/email the BB to turn the offer i signed down, i don't think they can do anything serious as the contract states repeatedly that it only comes into force upon commencement of employment.
Any idea how to best negotiate this?
What do you mean "how to best negotiate this?"
There shouldn't be anything to negotiate. Also, review the contract you signed to be sure you didn't sign for any serious ramifications.
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