2 months to sign offer
I got a return offer to a NY MM bank and have a couple of months to sign. I go to a non target and signed my offer in April of my sophomore year. As a result, I didn't do much networking with other banks while recruiting or at all this summer since the bank gives almost everyone an offer and you typically have a week to sign.
Wondering if anyone has any insight to what full time recruiting will look like this year and if it's worth the effort to try and recruit elsewhere or if I am too late? I'm more interested in capital markets. My return offer is for a generalist one but could be placed in IB or CM.
Thank you!
A bird in the hand is worth 2 in the bush. Especially given the current environment I would highly consider taking the offer. Of course, you have time to network around and see if processes are kicking off, but if the offer is going to expire and you have no other prospects, it would be foolish to not accept the offer.
Additionally, the fact that you want to do CM will probably be a good thing since most people don’t want CM. I would just express your interest after a few months on the job. A breadth of experience being a generalist would be great and again you can express interest down the line.
this was me last summer. You bet I tried to leverage my offer for something better. I ended up interviewing at a boutique and 2 BBs and got a quick offer from one of the BBs which I took.
But given the current environment with COVID, I say tread carefully since I’ve been hearing some banks have low conversion and there are plenty of eager people that will take your offer if it gets pulled if they find out you’re networking.
would the bank you interned at care if you haven't heard back about whether or not you're getting a return offer yet but started networking in the meantime with other banks just in case?
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