How to negotiate timelines
Hi! I currently have an offer for 2024 JPMorgan IB, and I absolutely have to decide before hearing back from other firms (and can't push back the offer any further)
I'll be having a superday with Morgan Stanley's GCM and another with Goldman's IBD this week, and I really want to hear back from these other firms before making a decision for JPM. I've notified MS about my JPM expiring offer, and I think they'll be able to let me know. GS, on the other hand, reported to me that the earliest they can get back to superday candidates after when my offer for JPM expires. Does anybody have any insight on how I could go about negotiating with any of the three firms?
You honestly probably can't. Big firms have enough people they don't need you. I would accept JPM, you'll be able to recruit anywhere from there. Is there any specific reason you are waiting?
No specific reason, just want to see what the pay/offers will be for each firm, and also have some more time to talk to folks in the industry about which job to take (if I get all the offers, ofc)
Honestly most of the pay will be the same across those three banks (I forget if there is still a GS discount). Personally I would go MS. From what I remember JPM still grinds pretty hard and GS is the same - not to say that you are not going to be working hard at MS - but I have not heard as many horror stories about them.
Either way JPM is a great offer.
You will likely know MS by Friday, so this shouldn't be an issue.
If you get MS, you will likely have enough time to hear back from GS before you need to accept so you can let the JPM offer go and still have MS in your pocket. The key consideration here is if you want to do GCM or IB.
For GS, I would impress on them in your superday that you have an exploding offer but really like GS and want to work there. If they like you enough, they might call you that day with the offer.
Otherwise, JPM IB is an incredible offer and congratulations!
Been said a million times on here, but accept your JPM offer and keep recruiting. If you get one of the other offers you prefer then take that and renege on JP. They're not going to blackball an intern for reneging. These places don't care about you enough to keep giving you extensions.
Regardless, nice work getting an offer from an incredible shop, good luck with the rest.
I'd be careful about including these details (such as the date of your offer expiration and reaching out). These details make it easier for someone to identify you, and you might get your offer pulled. I'd edit your post to exclude these details and be more general about your exploding offer.
thanks! totally didn't realize that was an issue. my b
FWIW: Goldman got back to me the day after my classic IB super this year.
oh awesome! do you know if that includes the weekend
It does not include the weekend. As mentioned — unless you have strong connections within each bank, they have no need to negotiate with you. Pay will be the lowest for GS at 85k prorated for the summer if that's your driving factor.
I empathize with you but, seriously, please take the JPM offer. The market is rough as is and JPM is a fantastic spot to end up at. I risked an exploding deadline at a top BB for an EB, and I lost both offers - don’t do what I did, I genuinely regret it.
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