Tough Offer Choice

I'll get tore apart for this, but I would accept the MM and go to the Superday. If I get the offer, then I'd cross that bridge when I got there.

That bank will fire you without blinking -- don't give them anymore than you have to.

I know of a bank that, if they hear you're still interviewing after accepting their offer, they will rescind the offer and call the banks you interviewed at and tell them you already accepted with them.

I would say accept the MM offer, except for you saying you're not a huge fan of the MM. If you don't like the bank don't take the job. Go to the BB superdays with the full knowledge ahead of time that there is a good chance you will not get an offer from either of them, and will be forced to go back to the HF or go do something else.

Tough call.

If you accept the MM offer and go to the Superdays anyway and perform well, there's the possibility that the other banks will axe you if they learned you already accepted a position somewhere else.

There's the possibility that you'll be fired before you even start if the MM finds out you kept interviewing at other places after accepting their offer.

I mean, to be safe I would accept the MM offer unless you were reeeeeeeeeeeally sure about the superdays.

thanks for all the feedback. Yes @peinvestor2012, I know "horrible" is a relative term, but its pretty crappy.

The MM knows that I'm supposed to have the BB Super Days (and which BB's its at) - they asked where I was interviewing during my interview, and I was honest. never imagined they'd blow up my offer in 4 days.

an MD at one of the BB's told me to accept, then renege. I really don't feel comfortable doing that, as I could get wrecked by the MD who pulled me into the MM.

decisions, decisions...

Also, if you go to these BB's, they will very likely ask who you are interviewing with. Although usually this is a good opportunity to show that others want you too, do NOT mention the bank that gave you an offer (don't even mention that you interviewed with them at all). From what I've heard, the street is small, so don't give them any reason to think about calling around to them.

too late black mamba. the my contacts at the BB's said I should tell HR the situation, and see if there was any chance to expedite. Did that - didn't work out... now they know

awesome

take MM. do superdays. if you get one, renege on MM. if you renege, you have NO obligation to tell them where youre going. don't bring up the MM/BBs up when speaking with the others, and lie if youre asked.

don't look back.

can't ricottacheese. MD knows where I have Super Days on Friday and will know where I'm going...

Was the MM IBD offer gotten through OCR? If so, talk to your school, there should be some policy that gives you a certain amount of time to decide on your offer (and they can push back against the company to enforce this). If not, have you tried asking them for more time/extension?

Not OCR - I'm nontarget and we don't have formal OCR policies like that. career services office can't help

I pushed my MD contact at the MM to help me get an extension - he wasn't obliging.

Shot an email to HR asking to come in in person tomorrow morning and speak to them. I'll be in NYC anyway. No response (long weekend still)

Accept the MM offer verbally. Verbalizing it means that they may "consider it binding," but you have not signed anything and if shit literally blew up in your face the worst way it possibly could, you could claim someone made that call and you weren't aware of it. Take your superdays. If one or both go well, renege your MM offer and accept the BB immediately. Get in touch with the MM people and come up with some exceptional reason as to why you cannot honor your verbal commitment -- then, never look back. If you don't do well at the superdays, send the signed documentation to the MM firm the following business day.

I feel like they'd see through that, given that they know I have other Super Days and just cut me... They said, return the signed document by xx date

thanks asatar. i've definitely thought through all of that, but its helpful to see it in writing. plus, your "you still have a job a at a fucking hedge fund" brightened my day a little bit.

Let us know how it turns out. Good luck.

will do Flake. nobody else has any brilliant plans I assume?

It's pretty fucked up that the MM shop is only giving you 3-4 days to decide on their offer as industry standard is usually at least 1-2 weeks. Given that this MD is trying to strong arm you, he clearly doesn't have your best interests in mind. As others have said, banks routinely will bend and even break rules where it suits them given that they know that you as a candidate have little to no recourse. It's essentially a "tough shit you're going to take it and we aren't giving you the option of lube."

They will fuck you any chance they get as often as it takes to help them get to their ideal scenario. Even if the MD knows which BBs you will be going to, there isn't a whole lot he can do. If it comes up in interviews, I would be straightforward.

If a kid told me in an interview what you are describing as your current situation and he said that he wanted to interview with my firm anyway, because this is where he would rather work, I would respect the shit out of that.

Also, what incentive would I have to not make him an offer simply because he told a smaller shop who put his balls in a vice to go fuck themselves. Realistically, I know that finance is a small world, but the MD from the MM shop is going to look like a World Class Prick if he tries to go after you and sink your chances at the BB. There is a bit of risk, but if you are up front with the BB when they ask you where else are you interviewing and you just say, "I interviewed at this and I have an offer but I want to work here" they aren't going to just assume that you accepted the offer already, and you don't have to bring up that you accepted. You reneging on an offer elsewhere doesn't have any backlash to them so they shouldn't care. You put yourself in a tighter spot than you needed to by providing too much information to both parties.

It's always best to keep your hand close to the chest until you are at the point of negotiating or trying to seal an offer.

I don't, but I just want to add one point about reneging. To be honest, the chances of you immediately getting fucked is pretty slim.

However, the street is a small place, and there's a high chance that someone you burn in this process will come across you again, whether they be your boss in the future, or when you're interviewing for buyside positions in a couple of years. I really think your biggest asset is who you are as a person; finance is a relationship based business.

Do you really want to start of your career like that? I was in a similar position, and I turned down the BB. Ask to be considered for fulltime opportunities.

I know that this is risky considering how rough ft recruiting is nowadays, but I really think your integrity as a person/your word is of utmost importance.

Don't call anybody at the MM. If you don't get the offers at the BB, call the HR lady at MM in a couple of weeks and ask if you have paperwork to fill out. She might say sure and she might say you didn't get back in time. Then you can say that you told her before the deadline. You can't break though.

Or just do what the other guys said.