accepting offers
Hey Guys,
Got an early offer from a bulge bracket for an SA position in IBD - the only problem is the expiration date is before most campus interviews for my school...What do you guys suggest about taking it vs. trying to get the offer extended vs. going for another firm?
I liked the firm and the people I met, but I have been to a lot of other recruiting events for higher ranked firms with equally good "cultures". Any suggestions about what to look at and consider will be very appreciated!
Thanks for the help!!
Never try to extend an offer. You'll lose it before you know it. Just take it if its reasonable.
Contact other bulge brackets and tell them you have another offer (mention the bank) with a short deadline. Inquire if if there is any possibility of expediting the interview process with them. BBs love to steal good candidates from their competitors.
They did that for a reason - they want to force you to accept their offer without shopping around. It's a dirty trick, but every bank does it. For that reason, they're unlikely to give you an extension, since that would defeat their entire goal. Asking for an extension is basically the same as saying "Sorry honey, I know we've been going out for a while, but I want to go fuck a couple other girls before I decide if you're the one."
Makes sense to me, but willing to bet she wouldn't see it that way...
Why does this sound like Deutsche..
Try to negotiate with your other options. That's probably the best you could do - unless you wanted another bank a lot.
DB'ers.....
TAKE IT
On another note, have you guys all heard back from bulge bracket banks for interviews (even 1st round). I've applied for most of them with a pretty good resume from the semi-target and have yet to hear back from any. I know that the deadline for applications range from end of January to Middle of February. Should I be worried about this or should I be contacting HR reps for the respective banks to ask about the timeline?
If you're good enough you can negotiate everything ... this is banking for christ's sake
Basically you are forced to shop around once you have signed. The deadlines are too strict and therefore it is impossible to speak with 10 different banks within a certain timeframe. So try to leverage as much as possible, you have the right to start in the most optimal position at the beginning of your career. Banks are playing with candidates and other banks as well. At the end it is all about competition and quality.
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