4/16/12

Do you have to accept it in a relatively short period of time? Or are you also given time to shop around for other jobs

Comments (8)

4/16/12

No guidelines there. You won't know until it happens.

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4/16/12

Depends on your school......if a non-target where the bank doesn't recruit from you will usually be given very little time to decide (few weeks). If you go to a target you usually get more time (few months)

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

4/16/12

Typically, if the offer was through on-campus recruiting, there will be a minimum amount of time they have to give you to decide (could be around 1 month). If you found the position yourself/applied on your own, then they have more flexibility to pressure you (and might set a deadline between 1-2 weeks).

In reply to cplpayne
4/16/12
cplpayne:

Depends on your school......if a non-target where the bank doesn't recruit from you will usually be given very little time to decide (few weeks). If you go to a target you usually get more time (few months)

that.
basically if you want to shop around you reach out the day you get your offer and try to line up interviews within the week that you have ..

it's longer for targets because the bigger recruit target schools want to protect their kids (basically, its in ur incentive to have more time, and it's in company's incentive to give you less time) and force companies to "adhere to guidelines" to give their kids a minimum amount of time.

In reply to she_monkey
4/16/12
she_monkey:
cplpayne:

Depends on your school......if a non-target where the bank doesn't recruit from you will usually be given very little time to decide (few weeks). If you go to a target you usually get more time (few months)

that.
basically if you want to shop around you reach out the day you get your offer and try to line up interviews within the week that you have ..

it's longer for targets because the bigger recruit target schools want to protect their kids (basically, its in ur incentive to have more time, and it's in company's incentive to give you less time) and force companies to "adhere to guidelines" to give their kids a minimum amount of time.

From what I found this is true for the SA offer, but after you work there all FT offers were given with the same deadlines. All the nontargets in my SA class had the same deadlines as the target kids. Couldve just been the bank I was at though. I definitely agree that during recruiting targets would get more time than nontargets. Not sure what it's like at other banks though

In reply to cplpayne
4/16/12
cplpayne:

Depends on your school......if a non-target where the bank doesn't recruit from you will usually be given very little time to decide (few weeks). If you go to a target you usually get more time (few months)

I agree that it depends on your school, but I'd also add that it depends on the firm. In my case, the target students were given one more week than the non-target students.

"Rage, rage against the dying of the light." - DT

4/16/12

School OCI policy usually dicatates how long you technically have. From the banks perspective, you get a month or so to accept and get the extra $ (incentive to not go through OCI). After that passes it's essentially, "you have an offer but if we find someone else before you decide, you're SOL".

4/19/12

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