IB FT Offers being withdrawn in London?
I recently interviewed for an off-cycle AN/ASO role at an EB/MM US bank in London – EVR, LAZ, PJT, JEF, RJ, Moelis, Guggenheim – and after 4 rounds, a modeling test, and a superday I received a verbal offer directly from the MD over the phone.
Over the past month, I’ve been in touch with HR, completed professional references, and passed background checks. However, it’s been one full month since the MD’s call, and I still haven’t received a written offer.
When I asked HR for an update a couple of days ago, I was told that offer approvals are taking longer than usual due to the current difficult environment.
Should I be concerned that the offer might be withdrawn? Has anyone experienced something similar or can shed some light on this?"
Presume this is Gugg - would definitely be careful and continue recruiting, not the best sign I'm afraid.
Do you think I should call the MD directly? I have his number, they cant push me on the side just like that after all that effort.
No point of calling the MD, likely not his decision - more likely coming from another department in charge of headcount. Off-cycles open because they require the capacity and that probably hasn't changed. The first to go in a hiring freeze will often be the guys that haven't joined yet. Situation sucks but there isn't much you can do - just keep recruiting.
Thanks for that, I guess I just need to accept it and move on… lucky me
I would call the MD. I wouldn't move on like people said. Unacceptable, especially how we're not in the US.
Might give it a try, nothing to lose. Particularly because the current “difficult circumstances” have been ongoing since beginning of 2025, feels off that they gave me an offer 1 month ago and now realised they dont need me
Best of luck with it man!
???
Not being in the US doesn't matter, deal flow has been materially impacted.
You're wrong.
I have a guess that OP has offer from the healthcare team at Gugg. I would presume they are definitely impacted by tarriffs right?
relax your entitlement
deal flow is uncertain, so why have more headcount
Agreed here
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