If you get a offer somewhere and go around shopping it to other banks, will HR typically ask to see the actual offer letter first? to my understanding sometimes there is a delay between verbal offer and written offer. Thx
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No, the prospective bank's HR would almost never ask to see the actual offer letter. Wouldn't worry about that at all. Good luck!
And you do know you received... "an" offer, right?
Has anyone / is it possible to leverage an accepted offer (SA) to later renege on the initial firm?
As long as you dont tell other firms you already accepted it, yeah
What if they ask if the offer is exploding or not? I’m assuming that would be a follow up from whoever you told. Thanks in advance!
The EB I'm at has an implicit "don't ask, don't tell" policy where us bankers will willfully ignore whether or not a candidate has signed with another firm when giving out offers, but official HR policy is still that if they find out you reneged for our firm, your offer will be pulled, and I have seen it happen a few times. No idea how HR found out, but apparently they have their methods and it has resulted in a less-than-desirable result for the poor kid more than a couple of times.
Interesting, thanks for the input. So how would you approach leveraging a signed offer?
Don’t think it would be smart to go around lying about an exploding offer when, in reality, it was already accepted. Have a few networking calls with ‘better’ banks this week, and am not sure what to do.
Depends on how satisfied you are with your current firm. I was in the same situation when I was recruiting for SA years back. Already signed with a good MM, but was invited to interview with 2 of my (and probably every prestige-obsessed prospect's) top-choice firms. Ultimately, I decided the risk/reward in my case wasn't worth it, I was already satisfied enough with my MM offer, and chose to decline the interviews. I decided to leave the "leveling-up" to FT recruiting, where I recruited into the EB I'm currently at.
No they don't ask for letter, at least in my case. Did it earlier in the cycle and was never asked for offer letter proof. Obviously don't lie about that shit though just because you might be able to get away with it. They very well may ask, depending on the firm. Don't wanna end up like jeffrey chiang
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