Should I leverage this BB offer? How to proceed?
Received an junior SA generalist offer a few minutes ago from a lower-tier BB (think DB, CS, Barclays). Is it worth it to contact my contacts at upper-tier BBs (GS, MS, BAML) to ask if they would expedite the recruitment process for me? How should I go about contacting the firm that already offered me? How do I leverage offers and what should I say in emails?
Have several seniors within the bank that pushed for me and I don't want to alienate them. Offer explodes in 2 weeks. Thanks WSO!
bump
How are Barclays and CS lower tier BBs again? Personally, I think that they're both amazing places to be and I would take that offer. Barclays, specifically, has some really great groups, culture and deal flow wise. Also good exit opps, if that's your forte
I am at one of the other banks you mentioned (GS/MS/BAML). I got a DB offer as well. I just reached out to DB HR and said that I am currently travelling and need a few more days to sit with my family and discuss. They were super nice about it and extended my reply date by two week. I am guessing that you'll get an extension too. Reach out to your contacts at other places and say "I have an exploding offer (no need to mention which bank unless they ask) and would love to go through the process at your bank". I had a tough time getting banks to expedite processes but with a strong network, it can happen. However, it's already August and I am pretty sure that GS has had all/most of their superdays. BAML sent out first round video interviews earlier this week as well. If you haven't gotten any correspondence yet, I am not sure where you stand in their process. Not sure about MS's timeline. It's still worth reaching out.
Great job with the offer!
Take CS / Barclays. Barclays coverage groups are all pretty strong, same with CS traditional coverage and M&A (Sponsors, M&A, TMT, Industrials in particular). DB I'd reach out and try and extend and then go for another bank, but GS / MS are mostly done (not sure about BAML)
How do you know GS had their superdays already? I heard Hirevues weren't even out for full time
This is a discussion for SA not FT.
what about their SF process?
On a Saturday? Were you initially on a waitlist for DB (guessing that's the firm)? I'm in the same position and would love to know when/by whom you got contacted
Lmao it’s already August. If you didnt get an interview at GS it’s because they didnt want you. No process to expedite there, and showing an offer from DB wont make them change their mind
There is very little upside to BAML over Barclays unless you have an in to FSG/M&A; they are both mid-tier, not low or high.
Yeah I was confused about that. I'm at Barclays and going FT but I can't help but think that BAML/Citi/Barclays/CS are literally interchangeable within their tiers. That being said i'm not that much of a prestige whore and idgaf that I'm not at GS so I guess I wouldn't care about any different between BAML/Citi/Barclays/CS even if there was a tangible difference.
I would honestly say Barclays > BAML for the majority of coverage groups, especially because M&A is inhoused within all coverage at Barclays.
I would take CS Sponsors and Barclays Power/Natres/Tech/Industrials/CMG over their versions at BAML. I would go to BAML for Levfin/M&A/C&R/FIG/REGL.
Personally not going to any of the banks here.
Curious but what do people think of UBS? How do the top groups there compare with top groups at CS, DB, RBC
bump
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