we think you are great fit
Why would any company invite someone to an interview and then say "we think you are a great fit, but we don't have a position right now." Doesn't that defeat the whole purpose of an interview?
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They are trying to let you down softly most likely
kinda like when you date a girl, and then she hits you with the "I'm just not ready for a relationship"
....then you just end up hitting it
Even if company invites you back for second round on separate day?
Yep
It means you were good enough for the second round, and you fit what they were looking for, but there were still more qualified candidates (or at least people they liked more)
I've had an instance where they said the same thing, but it turned out the shop just decided they didn't have the overhead for an intern for the summer. Didn't end up hiring anyone.
I am not sure. Probably a combination. I think companies are selfish in that that just like to see what's out there as well and have little regard for whether they're wasting people's time,etc. And I guess that it is a soft let-down, but at the same time if they don't need anyone to do work why would they create a position?
OMG, chicago__111, you need to stop posting e.g. "etiquette" and now this. Just get over it dude. Life is harsh.
He was the etiquette guy? I'll make this short and sweet then, assuming you're not a troll:
I don't care what mommy and daddy told you, you don't DESERVE anything. You don't DESERVE a job, you don't DESERVE an interview, you don't DESERVE a follow-up call, you don't DESERVE a second round interview
How about you just cry more? It just might work...
perhaps they're trying to get to know you better in case new positions become available in the future... definitely take it seriously.
Most likely this, plus a little bit of CYA. I don't know what your particular situation is, but it's likely they are handing out X offers, so they first round 5x, then they second round 2.5x...ultimately they will hand out 1x offers but just in case that part of that 1x reneges, they have already interviewed and pre-qualified an additional 1.5x. Some of that 1.5x will have received other offers and won't be available to fill a potential short notice opening so they are basically just covering their ass...just in case. Obviously you don't want to always be 'that' guy, but it's better than not even getting there. The tough part is there aren't too many people walking away from offers in this day and age, but you never know. Kids always try to have multiple interviews and a couple of 'safety offers' (if those even exist anymore), so it's possible someone won't accept an offer from the firm you interviewed with because they like another one better.
Just as a side note, a bit off topic, I was speaking with a buddy of mine who is an associate at a small PE fund. They recently were looking for an experienced analyst to come aboard because they are raising a new fund and didn't want to hassle with training someone. They interviewed a guy finishing up his 1st year in IB and really like him. They made a point to tell him that his offer would be XYZ and that it was firm. I don't know the figures but my buddy said they matched his base and I'm not sure what they were doing bonus wise (since it's a smaller fund), but the hours would be much less and the office life would be way better than what the guy was coming from. Anyways, the kid countered the offer with a request of an additional $5k and they rescinded the offer. Funny enough, they ended up picking up some random recent grad from a local university that hadn't received an offer yet. The kid was offered $15k less than the experienced guy and happily took it. Plus the fund is sending him to a few weekends of modeling training.
Point being...don't get greedy and never give up.
Regards
Don't sweat it- there will be plenty more opportunities down the road.
Don't sweat it- there will be plenty more opportunities down the road.
he got his offer rescinded cause he asked for $5k more? wow.. now thats just the PE firm being greedy. Who would want to move on to another job for the exact same salary? the guy probably did it just so that he could feel that he accomplished something by switching jobs (even if its only a small pay raise)
Well, yes and no. I'm sure the PEG could have budge a bit, but if someone tells you flat out that xyz is your offer, take it or leave it...and you ask for more, you are either stupid or you think they can't find someone else and you are essentially calling their bluff. Obviously with the market the way it is there are plenty of candidates.
And I know what you are saying, I would be hard pressed to leave my job for the same amount of money but it's super likely that the new position would have been loads better than where he was at. Granted I don't know much about the candidate. If he was coming from NYC and was getting match in GA with far fewer hours...seems crazy. If he lived locally and didn't mind staying where he was or potentially had another offer, then more power to him for playing his hand. You just have to be certain that you are willing to live with the consequences of that counteroffer. From what my buddy told me, this kid was in shock.
Regards
I got this for feedback from my superday (rising junior), and was just told by HR they "strongly" encourage me to reach back out to them in the fall.
I think it means you did better than most people, and now have the contact information for HR and what not -- utilize it!
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