MM offer deadlines
What are people’s thoughts on trying to delay offers? Is it worth the risks? If a MM wants to fill a seat quickly what’s the typical deadline to respond to a written offer?
What are people’s thoughts on trying to delay offers? Is it worth the risks? If a MM wants to fill a seat quickly what’s the typical deadline to respond to a written offer?
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Based on previous WSO threads, here are some insights on managing MM offer deadlines:
Typical Deadlines:
Delaying Offers:
Strategies:
Risks:
In summary, while it is possible to delay offers, it comes with risks. Clear communication and understanding the firm's flexibility are key.
Sources: 2018 Full-Time IB Recruiting Timeline Megathread Page, Guide to Dealing with Competing Offers and Timelines, How to Navigate FT Recruiting: Learn from My Successes/Failures, Is it alright to request for a few days to consider when receiving an offer?, Please help me understand PE recruiting in the lower middle market.
Think the recruiter or the PM should be pretty transparent about when they want you start, how long the rest of the process will take, and you give them any non-compete clauses you have so everyone can back-solve when the offer needs to be made by. Typically they don't get to the finish line (i.e. giving you a formal offer) unless they're pretty certain you're going to accept, and they try to feel out your intentions multiple times throughout the process. The rest entirely depends on how much the PM wants you and how long they think it would take to interview and find a suitable replacement candidate. Once you have the offer in hand, I'd be surprised if they give you much more than a week or two to think about it because they don't want you shopping that around.
What’s the typical wait time between signing the offer and starting? I’ll probably sign soon but it sounds like they want me to start immediately when I still have to move, etc. Will likely ask for 2 weeks…
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