BB On-Boarding Process for 2020 SA
I recently received a FO BB SA 2020 offer. I have to decide between work at this BB and in a Corp. Strat position at a top asset manager that pays the same salary/has similar prestige. Right now, I am worried about burning bridges at the asset manager by rejecting the offer, especially if I do not make it through on-boarding at the BB.
That being said--I wanted to ask, how intensive is the background check and onboarding process for BB SA positions? I have previous experience as a legislative intern for a U.S. congress rep; will that experience be a problem during onboarding? I also have personal investment accounts; will that matter at all for onboarding?
Generally, I just want to ensure if I go for my BB SA offer, I'll still be in a solid position to actually receive the SA position by the end of the onboarding process.
You should be fine as long as you didn’t do anything illegal. I’d think most interns have investment accts (Robinhood accounts and Roth IRAs are common) and you have to get all your trades cleared anyway once you hit the desk. Working for a government official — plenty of people do that too before IB internships.
What are the common things that lead to offers being rescinded at BBs? How rare is it for an offer to be rescinded?
I can't tell if you're actually concerned or just joking but failing the drug test would be a likely reason, especially if they hair-test. If something on your resume doesn't check out (like if they call a reference and get info that isn't the same as what you're presented), that could also cause issues. I would think it's pretty rare considering I've never heard of anyone's offer being rescinded personally but not 100% sure.
To follow-up, I got in touch with my HR rep at the BB, and he let me know that he is "unsure whether the legislative work poses any problems for the pre-employment processing."
I would love if anyone who went from legislative work to IB could tell me about their experiences. Does previous legislative work raise any flags during the IB pre-screening process? I haven't been able to find anything specific about this online, and obviously there are people with legislative backgrounds working in IB.
Legislative intern is just an extra box you have to check for the onboarding process, you might need some extra paperwork but it's just for regulatory reasons. Definitely not a reason they'd pull your offer. 2 weeks to a month on job dates is also not really a big deal, but you should correct that on your resume going forward. If you said several months longer it might be an issue
Things that will get you rescinded: - fail drug test (never heard of a BB that hair tests fyi) - college GPA much farther off than on your resume (3.4->3.5 is unethical, but probably won't be noticed... 2.7->3.5 may get you rescinded) - not enrolled in your college - extremely fabricated work experience (never worked there, or said you were a VP but you were an intern, dates off by months) - lied about citizenship - felonies on record
It's pretty difficult to fail a background check... not sure what your concern is
Follow-up. I reached out to HR/the onboarding team letting them know the dates on the one internship from 3 years ago were off by a week. I’m not sure if they will mind the escalation or if it’s better than I frontloaded it. It’s been a day and I haven’t heard back from them.
Is there any chance me alerting them could impact my offer? Am I just being stupid and anxious?
Are you serious right now? Chill the f out. Stop creating so much more anxiety and stress for yourself. HR is not going to give two shits if the dates are off by a week. You're just a lowly intern in an organization with thousands of people.
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