I just received a full-time offer at a elite firm (think Greenhill, Lazard, Evercore, etc.) after my summer internship, but I am not 100% sure yet if it is for me, and I would like to see what my options are first with other banks.
Can anybody who has successfully "shopped" their offer give some advice on the best ways to do it? I won't have time to go through the normal full-time recruiting process because I have less than 2 months before my offer expires.
Thanks!
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Less than 2 weeks makes shopping extremely difficult. I'm not even sure that's enough time to get anything going.
I have 2 months
I don't have an offer
Just take it and don't look back, you'll feel better.
(auctioneer voice)
ONE SOUL, UP FOR AUCTION......I HAVE 65k, 65k, 65K, DO I HEAR 75? ....75? ANYONE 75?
SOLD!!!
I have no idea, I call this "It was late, and I was tired".
What exactly do you hope to get out of a different group? Better dealflow? Better culture? More pay? The latter isn't going to happen since most top places pay every analyst the same. The former two maybe but again it's not going to always be easy to get the truth from interviews.
I would suggest targeting the network you put together before internship interviews, and start doing so ASAP. Many firms, especially the top ones that I assume you will be looking at, have expedited processes for summers that get offers but are looking elsewhere. And I hate to tell you but this process has already begun. For instance the GS application deadline for summers was Aug 4, before most kids even had offers. If you missed these deadlines you may have to coordinate with HR to try to sneak into a super-day, otherwise you may have to revert to OCR/Regular FT recruiting. Best of luck. Source: In your same position but have been networking all summer
What exactly at GS had a deadline of August 4?
Shopping offers? (Originally Posted: 02/06/2008)
Do HR departments at BB's talk to each other?
In particular, if you were using an offer at BB X to try to get an interview with BB Y, could they reach out to BB X and let them know that you're doing that?
.
i have a related question:
if an interviewer asks if you're interviewing with other banks or if you have offers from other banks, even if you don't you should say you are/do, right?
but what if they ask you to name the specific banks? should you just pull out some random banks? what else can you do?
will the hr department contact the other hr departments to see if you actually interviewed/have an offer?
don't lie
Don't lie- they do call and ask- I've had first hand experience.
FT Offer Shopping (Originally Posted: 12/03/2012)
I am unfamiliar with the consulting world, so I was wondering how often it happens that someone receives a FT offer from one firm and then "shops" around for others? I know from experience that this is very common in banking.
Thanks
Regardless of industry, there are few reasons to NOT shop an offer...
Good point. Thanks. Any specific advice on how to approach this?
Do you think there is any chance that you can get an interview due to having another FT offer? Ie if you have an offer from one MBB, can you "negotiate" an interview with another?
not if you're already been declined by the firm. each firm trusts their own recruiting process highly, and assumes that the other firm made a mistake.
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