Concerned About IB Offer

Hello all!

To keep a long story short: I had an IB generalist Off-cycle offer from a MM which was rescinded due to “the current economy” (verbal offer only, no contracts signed).

Networked like crazy and got another OC offer from my dream firm (very respected EB) in a product group. I’ve signed the contract with them, but am still scared it might be taken away. Am I going mad? Is this just a ptsd-type of fear?

Was told background checks would start c.3 months prior to the start date, which is right about now. Should I wait a few weeks before getting in touch? Realistically, aside from failing background checks, what are the odds the offer is pulled, now that I’ve signed the papers?

6 Comments
 

Signed rarely ever get rescinded and if they do it’s usually due to background checks ie criminal conviction. I get the PTSD but you’re fine.

 

Hey man. Networking is more of a US than UK thing, from what I’ve found, so my advice would be to keep as specific as you can and also play the numbers.

Know who (prod/cov group) you’re getting in touch with and what transactions they’ve worked, what prior work they’ve done and just shoot your shot: ask for advice how to be a better candidate and if they have time for a coffee chat. Literally the worst that can happen is they don’t reply. It’s a long process but you have to persevere. But you have to be able to explain why you’re aiming for this specific bank/firm and why you got in touch with THEM.

Technicals is literally going through the long 400 IB Q&A. You can do a couple of modelling courses but I wouldn’t stress those. Good luck.

 

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