Offers on table for hold status

Hey guys,

Do firms usually give out offers to people they put on hold if there are offers on the table?

Example: 2 people declined and there are 2 people on hold all from the same school. Do those 2 guys usually end up receiving the offer or will they be competing with people who are also on hold from other target schools?

Thanks and any insight will be appreciated.

 

They will give out the offers to the 2 best candidates in their mind, regardless of target/non-target. Target/non-target could play a factor into who they see as "best" but the decision won't be based solely on school. I believe they have candidates ranked, if they had 4 spots for example, candidates 1-4 would get the offer. If 2 from these declined, candidates 5 & 6 would get it.

Someone please correct me if I am wrong.

 

If people from your school declined their offers, those offers do not go back to other candidates from the school who were "next-best" candidates. Those offers will be allotted to the general waitlist which includes targets and non-targets (Ivy, etc...).

 
Trollon5th:
Why did you even think that they would go to people from the same school...?
it's a fair question. banks generally have an idea of how many slots they will allocate to each target school - a process usually managed by a dedicated school recruiting team comprised of alumni. it's not unreasonable to think that a bank might have a school-specific waitlist that it uses to fill slots if yield is less than 100% at a given school.

sounds plausible but as someone mentioned above, waitlists are generally multi-school so the next best kid from school x won't necessarily get an offer if his buddy declines.

 

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