No offer - manager's advice

Currently interning in S&T at a BB in singapore and internship is about to be over. Did very well (top ratings in every category and overall for both midterm and final appraisal) but my manager told me that the headcount of the group has been cut and he's pretty sure he will not be able to extend me an offer. I will be applying to both SGP and London offices for full time.

He gave me two advice.

  1. He told me to tell HR that I am not interested in an offer in SGP (because I wont get it anyway) and would like to be considered for London. He told me the reason for doing so is that when I go into an interview for London BBs and the interviewer ask if I got a return offer, I could simply say "I am not eligible for a returning offer because I was being referred for the London office and am going through their recruiting process, since London has always been my first choice."

  2. He told me to take a copy of my signed appraisal to interviews. For London BBs, I would show them my appraisal and basically tell them that I would have gotten an offer if I wanted to return to SGP given my top of the class ratings. For SGP BBs, I could just show them I did really well but they dont have headcount.

What do you guys think regarding both advices?

3 Comments
 

I think both sound like good advice, your manager is looking out for you.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Pariatur commodi doloribus aut reprehenderit et ea voluptatem fuga. Voluptatibus aliquam doloremque quia dolorem. Quis et quod minima inventore amet assumenda. Eum sint impedit ipsam ut accusamus adipisci qui dicta. Porro odio excepturi est et distinctio. Cumque et magni deleniti vel voluptas ullam iure.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”