Help needed

think like a trader. what're your odds on the two you want? how much did you like the one you worked at? would you not want to go back there?

sorry if i didnt clarify, these are all summer analyst positions

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ok. what is a lower tier bb?

if you mean 'not GS/ms', then i'd take the one you have. but hey, the advice is worth what you paid for it.

around BOA

i'm still not that up on relative rankings, but i'd take the one you've got. unless you think you have a good enough shot of getting another, equivalent or better job.

Please know that most schools don't permit exploding offers to be given to their students and will go to bat for the student if they find that someone made an exploding offer. Play it by ear, but if your school has enough pull, they may be able to buy you all the time you need. If your school doesn't have enough pull, you'll fall between the cracks and get screwed. Good luck and judge well.

depending on the timing of first rounds with other banks (if it's within the next few days) and if you get through to their second round, you should see if they can rush you through the process. that happened for me with FT offers. the other banks were willing to rush me through their superdays once they knew i had an offer.

also see if your school can do anything though they probably don't have much power/care for summer as much as they would for FT. otherwise, it sucks but you have to take the offer and wonder what could have been. lower tier BB is certainly nothing to worry about though.

here are another couple of options:

i)accept the offer from the lower tier BB and interview with the others, if you get a better offer just renege on the one you've accepted

ii)if you don't want to renege... from my own experience - i had offers from BBs and i let the offer deadlines go (as I had received a better offer elsewhere) and they rang me up/emailed me/got directors & MDs to ring me for several weeks after the offer deadline trying to persuade me to sign with them

BAS, Bear, DB are not considered bulge. By Bulge Bankers

Banks should not give exploding offers. If they do, your school should back you up. If the bank insists on giving exploding offers, it exposes them to people accepting and then reneging which is just the flipside and just as bad.

SChools do not always back you up for exploding offers, they do so only if they have an agreement with employers (as an exchange for employers to participate on their career fairs). I would take the offer, but continue with your interviews. If they don't extend you an exploding offer, you don't have to be nice to them either..

What is an exploding offer?

an offer that will "explode" - expire - on a predetermined date

I thought all offers were like that. Mine certainly is ("explodes" on the 8th). But maybe that's normal and accepted in the UK. I certainly thought it was normal.

Some top shops don't give exploding offers. Instead they ask the recruit: "If we were to make you an offer, how much time would you need to decide?"

Say the candidate says "I don't know, maybe a week?"

Bank: "Okay, we'll get back to you. Thanks for interviewing with us."