BB made verbal offer but needs 3 weeks to have offer approved internally? - Experienced Hire (London)
Hi,
I received a verbal offer from a BB a week ago. HR talked me through base salary and said they will need to have the offer with total comp approved by the department/firm first before they can give me a formal offer. The person said this would be done last Friday but now they say they can only bring it to the department's attention two weeks from now.
I am wondering, if anyone had experience with a similar situation? It seems to me that they might just be keeping me on the side while interviewing/offering someone else? Or can it really take this long for an offer to be approved internally?
Thanks for your thoughts :-)
When I lateraled to a MM, I was given the verbal offer by the senior most MD in the morning and received the formal offer that evening per email from HR. I have never heard of your situation before, so I am interested to see what others say.
Similar London BB experience - when I got my SA offer I first got a verbal offer from some guy who interviewed me and he was basically trying to ascertain if I was interested in accepting the offer. A few days later I got verbal confirmation of the offer from HR who walked me through the salary etc. and said I would officially get the offer (i.e. the contract) in a week. When I got my FT offer they delayed sending the contract for like 3 weeks.
HR tend to be disorganized, I wouldn't worry :)
This is par for the course. I've lateraled a couple times and had multiple offers each time (all Bulge) and it typically took 2-4 weeks before they could get me a paper offer...one firm as many as 5 weeks.
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