Hey All!
I got a verbal offer about a month ago to join a well known Hedge Fund In NYC (Think Citadel/Bridgewater/BAM) for a Analyst position recruiter said written offer should be sent via email within a week and its now been a month. We have spoke every week but it keeps getting pushed back. IS this normal?
| +26 | Comp Negotiation - L/S Equity at a Pod | 5 | 10h |
| +23 | Breaking into Hedge Fund as Rx IB VP | 6 | 7h |
| +21 | Credit HFs - Long/Short Credit vs. Loan to Own | 4 | 3d |
| +20 | Am I crazy | 9 | 1d |
| +18 | Q&A: US Power Trader (Prop/HF) | 9 | 16h |
| +17 | Tech Public Modeling | 8 | 3d |
| +12 | Freshman targeting macro pods, need guidance | 1 | 1d |
| +6 | LO to HF or HF to LO - which move is easier? | 1 | 3d |
| +6 | Working in HR/Benefits | 2 | 2d |
| +3 | Credit pods | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Unfortunately not. Had this happen to a friend and after 3-4 weeks the firm told him they changed their mind about hiring at all. Not him but the role/need.
On the real life scale, like HFPM pointed out, it's not entirely unusual so don't spiral out thinking you done messed up somehow. I mean they're keeping up with your regular contacts aren't they?
We can get into the legal BS later. Just saying a verbal committment is still valid, albeit the written offer is stronger, etc.
As someone on the other side, there are a lot of steps that happen after the acceptance of a verbal offer. Typically there are hiring committees/ approvals, reference checks, background checks, etc. These can easily take up to a month. If you have no red flags that would come up in any of these processes then I wouldn’t worry.
Thank you so much!
If you want to create some urgency, pretend you have an alternative offer and tell these guys they are your preferred option but you can't be waiting around forever.
Of course you are bluffing and need to get comfortable with the risk, but over a month is too much and they might be playing games with you.
Hey sorry to hear this is happening to you. I was in the same situation last year and found out after 2 months or so that the PM was blown out and let go. Felt like shit at the time but in hindsight I dodged a bullet.
I was at the verbal offer stage but no reference or background checks were done. Did those happen for you already?
Nope. Was told the written offer would be sent to me after a week. Its now been a month. Last I heard from the recruiter was roughly a couple weeks ago.
Call the hedge fund's HR. They can usually pinpoint what is holding up the offer and you can work with them to fix it.
I have speaking to the recruiter and not hr. I called him but haven’t heard any anything back in over a week.
Ea rerum quia et accusantium. Aperiam magnam neque velit voluptatem quisquam explicabo harum. Maxime enim iste quibusdam dolores minus ut. Sunt molestias temporibus eum cumque. Velit cumque possimus itaque fugit magnam asperiores maiores consequatur.
Beatae aut magnam distinctio dignissimos cumque unde. Eum qui eos iusto harum consequatur sequi.
Reprehenderit explicabo consectetur similique odit quia. Aut et omnis alias aliquid velit et rem. Doloribus consequuntur aut provident. Magni voluptatum et et quibusdam alias. Quia voluptatem vero totam atque ad odio. Sit pariatur dolores modi dicta ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...