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.

7 Comments
 

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...).

 
Trollon5thWhy 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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