Leveraging BB Offer
Long story short, got a BB (GS/MS) offer.
What is a reasonable amount of time to try to stall before it becomes obvious I'm just using the offer as leverage? When will they rescind?
How do I go about leveraging the offer for boutiques which I'm more interested in? The superday for the boutique I'm most interested in is in Feb and I probably can't stall on this offer for that long. Can I get them to move it forward for me?
Thanks in advance.
Definitely let the recruiter at the boutique know about your GS/MS offer. Given the top-tier status of those BBs, the boutique probably won't want to miss a chance on letting you slip through the cracks in recruiting. I would think they would move up your superday, or at least give you accelerated interviews.
Thanks for that! I had an offer from my last summer IB job which I was leveraging. Given that it wasn't top-tier (on the level of Citi, Deutsche, etc), I didn't get that much out of it. Do you think leveraging 2 offers in the same recruiting season is a bit obnoxious? I really don't want to piss anyone off.
If this is through campus recruiting they need to let you finish interviews. Tell the boutique in a let you know sort of way, mention you are still interested. But don't be surprised if they can't do much, its very hard for smaller places to move superdays from a logistical standpoint, since often they have very senior people doing superday interviews.
I've already had a couple rounds of interviews with the boutique I'm interested in (LAZ/Evercore/BX). I am confirmed for the superday. Is it worth it to pass up on the GS offer to try my luck at the superday?
If you value the boutique experience THAT much more than the GS experience then go for it, otherwise it's not really worth the risk, since GS is obviously a top shop and will likely open doors everywhere in finance.
I'm assuming your offer explodes before the superday? If that is the case, then I would take the GS offer. Also, I'm assuming this is for a summer internship (sorry, I'm out of the loop in terms of recruiting times now). In general, I think it's best to have a summer internship at a BB due to more resources as well as a more structured learning plan.
Yes this is for the summer. I did an IB internship at a second-tier BB last summer. Most important thing this summer will be transaction experience.
And this will probably be my last chance to land in a boutique so I might be stupid and take the gamble.
Sorry for bringing this post back.
I am curious, I am trying to leverage my offer to, but some of the banks I am contacting are asking me for the name of the Bank, that I have the current offer from. Should I be honest? (My current offer is GS/JP/MS)
Thanks, any help is appreciated
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