How long do banks normally give you to accept their SA offer after its been made and the offer letter has officially been sent? (IB specifically) I know that all banks are different so I'd appreciate if you could name drop from your experience or classify: EB, BB, MM, LMM, etc. Thank you guys.
Top boutique gave me ~2 weeks but cased heavily after week one. They set up further calls to get me to sign then eventually extended the deadline
Top BB gave me ~1 week
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Boutique MM - 7 days
Top MM - 3 weeks
MM - 7 days, but was asked to give a verbal "yes" first
BB, two weeks but they will chase you pretty heavily if it's been a week without a firm answer.
Also no offer letter without a verbal yes first.
Evercore and Centerview offers don’t explode
Centerview Yes but evercore gives you a month but gives you a week or so to accept to get an extra bonus.
EB (RX) one month to accept. Sign-in bonus gets cut in half after 2 weeks.
For SA at Gugg/Roth/Jeff/GH 2 days
For FT 2 weeks
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Top boutique gave me ~2 weeks but cased heavily after week one. They set up further calls to get me to sign then eventually extended the deadline Top BB gave me ~1 week
2wks gs
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