Hi all, hope you’re staying safe and healthy.
I’m a summer analyst at a MM bank in NYC this summer, hoping to receive a FT offer at the end of my time at the firm. Things are going well and I hope that I’m on track to come back full time.
Is negotiating a full time offer for an analyst position something that I should do? If so, what are some key terms/things I should ask for? If not, why? Any funny stories about this going bad?
Thanks for your help!
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Since you didn't think to use the search feature, here's what you'd gather from the abundance of existing posts already on this topic:
No, don't negotiate. You'd only have leverage if you receive competing offers from BB/EB banks that the MM thinks are a step above them. If they agree, you'd only be adding 5-10k onto your singing bonus or first-year base - a negligible amount that isn't worth the potential ill-will you'd build up w/ the group's seniors/HR. You have to realize that analysts are commodities, and there are hundreds of other qualified candidates that your MM firm could hire within a week to replace you.