So I have a F500 FLDP offer I am considering taking. But I also have am waiting for a decision from an investment management firm that I much prefer. But I was told by the investment management firm that "They really liked me but couldn't guarantee they'd offer me and that we probably won't know till after the 1st."
First off, what'? You want to string me along for 3 months? Secondly, what should I do? Accept one job and then renege if I get the other? That seems really shitty but doable. Or should I decline and wait it out? Any advice is appreciated. Thanks
"Accept one job and then renege if I get the other?" is exactly what you do. Job market is getting tight and employers would not heistate to lay you off if they had too.
Take the job offer you have...If you get the other offer deal with it then. Also you did you mention to the 2nd job that you already have a job offer?
take the job. http://www.wallstreetoasis.com/forums/two-steps-back-with-every-round-o…
enough said.
Don't mean to hijack the thread, but let me pose a slightly different scenario:
You have a buyside offer with a firm (not your top choice and through a headhunter) and are waiting to hear back on a decision from another firm (your top choice and through a different headhunter). You have already tried to get the process with your top choice expedited but to no avail. Obvious choice is to take the current offer. But what if a week later your top choice comes back with an offer? If you reneg, not only do you burn the relationship with the firm (may not even really matter), but you also burn the relationship with the headhunter.
Thoughts?
Ask for an extension on the F500 FLDP. Could you ask the HR of your 1st choice a rough estimate of when they expect to offer the positions to applicants?
Our company had an intern accept a F500 job in hand to later reneg after about a month (but BEFORE he started) and take a job at a very small PE fund instead. I thought he should stick with the F500, but it was his preference. However, when your 1st choice can only say "maybe after the first of the year" it sounds like you have one real offer and wishful thinking. Given the information you have now, not really sure why you think you have a choice. Unless you have more time until graduation with other irons in the fire, this looks like a choice between a decent job and unemployment.
Take it and renege if you have to. Happens more than people realize.
Well I do have some other interviews. But the vibe I get is that they want to hire me but there is some argument about funding a new analyst in this relatively small group. I basically expect to get an offer if corporate oks it,; that's why I am worried. But I think I'll accept and worry about it later.
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