Switching Locations AFTER OFFER?
Hey all,
I was curious if you accept an offer on, say the west coast, but unforeseen circumstances arise (family member gets very sick) - would banks allow you to switch to the east coast city where your family member is, assuming they 1) have an office there 2) have some semblance of the team / industry that you specifically recruited for at this city? Also, if this is going into your first year (prior to any training or anything), would this then help your case, as you would just get trained by the folks in the other city. This comparison is moving to/from SF and NY, if that helps.
Each location runs their own separate recruiting process for a reason, and banks tend to hire only the people they absolutely need. They wouldn't have any need for you at the other office. If they have an opening then they might let you interview for it, but typically only at times of career mobility (right after SA, 1 year in, becoming an associate, etc.)
On top of this, they have no reason to be sympathetic towards you because there are plenty of people who could take your spot. I can't think of any reason they'd allow this.
You couldn't even claim a disability reason. The ADA forces employers to help you with any "reasonable" accommodations (like allowing you to go to a monthly doctor appointment for 1 hour/time) and allowing you to move across the country won't qualify as a reasonable accommodation, except maybe in the case where there's only one specialist doctor in the whole country who treats your extremely rare disease.
Prospect conjecture notwithstanding, this happens more than you’d think, albeit sometimes involving a group shift. Banks are loathe to lose talent, especially after they’ve invested time recruiting, summering, training, etc. you. Just schedule some time with relevant HR pro and see what’s available.
I can press a few buttons so my profile says VP in IB or partner at a HF if you'd like, but associate conjecture notwithstanding, nobody on WSO can tell you the specific needs of your firm.
OP do you have any leverage to prove you'd have the ability to leave, especially in an economy like this one? If not, they won't hire you for a group without a need. Definitely feel free to ask HR about openings, but don't be surprised if they tell you they have none.
Source: friends whose old banks loathe them now because they weren't willing to hire in a different office for FT.
Yeah I mean there is the likelihood of having a competing offer on the coast where I really need to be.
That helps (and definitely do try to have one in your back pocket before asking, in case they get spooked when you do), but HR are people too. Chances are they'll try their best to work around your familial difficulties.
Notice that I didn’t claim divine knowledge of what headcount needs are at, say, GS FIG — just that 1) pre-FT shifts do happen, but you may have to slot into a new group and 2) you’d have to ask HR to have a shot, but it doesn't hurt to ask.
I mainly took issue with the rigidity you ascribed to banks' hiring. They're pretty amenable if you're good.
That’s understandable, I’m sorry I was so testy. I personally like to have the most rigid outlook on important matters because situations like this can easily leave one blindsided — OP sounds like he/she is in a vulnerable position where they can easily get screwed without leverage or a backup plan. My opinion would be to ask kindly, hope for the best, but plan for the worst in case the bank isn’t able to accommodate.
Worked out great for one of my friends. They went from a top BB to a top EB in their city of choosing because the BB wasn’t willing to accommodate. They didn’t mention that they already had the EB offer before going to the BB, and and when the BB rejected the idea they went straight to the EB.
OP it would also be good to talk to people gracefully. The absolute last thing you’ll want is one friend talking to another friend when shopping for options, no matter how good your reasons are.
This is what I'm thinking of doing, if I do get an offer. How about chatting with the specific MD of the team?
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