Exploding offer - expire tmw *Urgent need help
Hey guys, got an exploding offer from a MM but in their Risk group - not my ideal position, my plan is to go IB. But can I still leverage this and contact the firms i've spoken to or are still interviewing with that are IB firms?
2) Should I just mention the MM bank and NOT the position?
3) If I interviewed with 3 ppl from the same firm, do I contact all 3 people? or just 1, usually the decision maker?
Also, is it better to call or email?
Lastly, having this offer, would other IB firms disregard me if they found out this offer was NOT for an IB position?
Thanks





Is this for full time or
Is this for full time or summer internship?
summer internship -
summer internship -
1) For a summer internship,
1) For a summer internship, this is not the end of the world. You can still recruit for IB full-time in your senior year, though you might be judged for not doing an IB internship, so you would need a story for that. I don't see this as a deal breaker though. I was able to leverage a capital markets internship into an IB coverage offer - and capital markets is as relevant to banking as risk is, if not worse. Plus it's always difficult to turn down a sure thing and hold out for something else - if you told that straight in an interview, people would understand.
2) While I don't generally advise it, in this case, you could accept the offer here and then turn them down later if you did manage to score that banking internship. I don't see how an MM Risk department would be able to blackmail you at a BB IB. Certainly not the honorable thing to do, but it's an option. Plus in my opinion, that's what places that give overnight exploding offers deserve.
Thanks Hireup for the advice.
Thanks Hireup for the advice. When asking for extensions though, can you ask on the day of that it expires?
Also for a BG, I did a bus development internship before at another company (not bank but industry specific), so... i'm not sure if taking this Risk internship would be a downgrade from my previous one and be questionable in my interviews. what are your thoughts?
This isn't really what you
This isn't really what you were asking for, but I'll say it anyway. Don't overlook the opportunities and knowledge that come out of working in risk management. There was a thread on here a few days ago talking about where notable hedge fund managers started. Included the likes of PWM, research, and risk management. IB was not that well represented.
People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.