SA Offers Question
How long do banks give you to accept your offer before it expires?
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Depends on the bank and if you go through OCR or not. Other people can chime in but I think it's usually a couple of weeks.
Standard time is 2 weeks, but it completely varies bank to bank.
If you are at a non-target, I'd expect 4-5 business days.
Non-Target would literally have nothing to do with this...if you got an offer they want you, doesn't matter where you from. The Harvard kid has as much time to decide as the UOregon kid.
To echo what others have said, it completely depends. Your school might be able to protect you if you applied through the career center and guarantee you a certain date. Otherwise, about 2 weeks seems customary.
Like others have said, 2 weeks is pretty much standard from what I have seen. If there is a hard deadline, they should tell you when you are officially given the offer. This seems to be the case with most BBs.
banking = fraud&lies
Managing multiple IBD SA offers? (Originally Posted: 11/04/2013)
When you receive an IBD SA offer from a BB, do they expect you to accept right away or do they usually give you a specific deadline to accept or reject the offer? If I want to try and stall to see if I get an offer from a more prestigious firm, how long can I usually hold out for?
If you're at a target where a firm conducts OCR, you have a deadline (even if the offer was not through OCR). If you're not at a target, you may have 2 weeks, 2 months or you may be given a verbal offer with a letter only if you verbally accept. You should ABSOLUTELY hold off and try to leverage this offer. You should wait for as long as they give you. This is especially true at a BB where HR handles this stuff (less likely to piss off MDs etc.)
What do you do if a JPM/MS/GS isn't playing game with leveraging after a DB/Barclays/CS offer, but then you get one of the first three? Would you approach them again or accept they don't want to bite?
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