Can't be too specific, but wanted to get your thoughts
First-year MBA student with potential interviews in January - don't have interview schedules out yet as banks will inform in about a week, but confident of getting a few interviews based on conversations so far with the banks/bankers. However, an "off-campus" superday is coming up. If I get the offer, should I take this offer or wait for better opportunities in January with bigger banks in NYC?
All hypothetical stuff right now, but a tricky situation none-the less.
I mean we’re one month away from January. Do you honestly think you can get an offer and start date before your Jan interviews? Ultimately depends on the opportunity but you could leverage an offer to expedite the decision process if you’d rather join that firm
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If you go to a top school then it's the school policy holding you back not the banks. Banks aren't allowed to hold interviews earlier to accommodate students if they recruit on campus. Tough situation. My year I saw kids not take the early offer but if you're risk averse go ahead and take it. Know that moving at the end of the summer does happen but not frequently.
I don't think the bird is anywhere near the hand, and the bush appears to be at best a maybe?
Absolutely! Just wanted to be proactive and ask for advice
What is the worst that could happen if you accept the offer (bird in hand) then continue to recruit for a better offer? I know for undergrad or lateral hires, it will piss off the bank you renege on but they can't/wont do anything about it.
I have heard MBA programs however, being super involved in brokering the on-campus recruiting process, are more likely to find out and punish you. I believe I've even heard of MBA programs that threaten to tell your new potential employer that you reneged on a previous offer before accepting theirs.
Anyways, I don't have the answer but I would look into what the risk is of just being entirely selfish about it and trying to maximize your risk-adjusted reward by accepting an offer and continuing recruiting anyway.
Yeah out of my niceness, don't want to be an A**HOLE. However, I will try to speak with a few second years/program director
This really depends on so many things:
Understand your reluctance for sharing but anecdotally, IF a bank is willing to entertain accelerating your interview they will move for an offer from another bank which they consider their peer (e.g. GS/MS).
Ultimately, as another poster said your school may be the biggest obstacle in getting an accelerated interview. Take the off-campus superday, worst case you get some real interview practice, best case you have a problem I’m sure a few people in your class would love to have.
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