IB recruiting is becoming a joke - 1 day to sign a summer internship?

Was a sophomore recruiting this past semester, and I thought recruiting was even dumber than expected. Especially the exploding offers they are giving do not let students much choice. 

Me and several friends were given one or two days to make a decision, I understand the war for talent but let me at least spend a week to figure out what I want to do with my next summer (15 months ahead).

Full-times, why do you give 1 day to a sophomore to decide where he wants to start his career? No wonder if you have people who recruit again in the summer lol

Comments (30)

  • Prospect in IB - Gen
Jul 4, 2022 - 7:59pm

Obviously not full time but also got 2 days to sign and ended up asking around because I was equally pissed. The generic answers I got were that there were a lot of qualified candidates this time around and banks wanted to make sure that you weren't shopping around their offer/trying to accelerate. To be fair to them, in most cases you know if you're going to accept before you actually get an offer call, but yea shows how much they would rather "lock you in" than let you come to the most informed decision now a days. One of the reasons I don't feel too much loyalty to banks and more loyalty to the people themselves.

  • Intern in IB - Gen
Jul 4, 2022 - 9:53pm

What firm? So future people won't ask

Jul 4, 2022 - 8:12pm
Jerome Bowel, what's your opinion? Comment below:

Lol I know someone who was given 2 hours to accept this cycle. He asked for more time after 2 hours and they pulled his offer.

It has always been a joke, but recruiting seems to only be getting worse. 

  • Intern in IB - Gen
Jul 4, 2022 - 10:52pm

What firm? So future people won't ask

Most Helpful
  • Analyst 1 in IB - Cov
Jul 4, 2022 - 8:18pm

obviously these timelines are getting too accelerated and exaggerated, but also bro, like do you know how dumb you look to us making it as far as getting the offer, going through the prep, interviewing against other candidates, networking, etc. and then be like 'bUt i'M nOt SuRe" the only plausible thing you'd really do if they gave you an extra week is go hunt for a better offer (which everyone does, not blaming you, they're just doing their part).

  • Intern in IB - Gen
Jul 4, 2022 - 8:27pm

Totally get your point but tbh I literally wanted to talk with my two mentors before talking and I wasn't able to - I understand that over a week might be enough to shop around for another offer but let me talk with someone who has more experience than a 20 yo sophomore 

  • Intern in IB - Cov
Jul 4, 2022 - 8:34pm

What's stopping you from signing on for a job that pays 6 figures at the age of 20? What could your mentors tell you that could possibly change your mind about accepting the offer? The war for talent is BS--you are not "talented." they are giving you the privilege of being paid in the top 1 percentile of graduates, so be grateful that they gave you an offer

  • Intern in IB - Cov
Jul 4, 2022 - 8:39pm

Also, it's a summer internship--that's a pretty low commitment, and if you don't like it, there's always FT

In your original post you mentioned "the exploding offers they are given do not let students (sic) much choice" 

Why do they need to offer you choice though? if you decline the offer I'm sure there's a line of people who would be willing to sign the offer in 2 minutes. In the way you used it, choice basically means your ability to shop the offer around

  • Intern in IB - Gen
Jul 4, 2022 - 8:43pm

Exactly this. If you want people to sign without a second thought, increase your bank's reputation. CVP actually doesn't give an explicit deadline because they know they don't need to pressure their candidates to sign given their reputation.

  • Intern in IB - Cov
Jul 4, 2022 - 9:03pm

Yes, it's true that the top banks give a lot more time to sign; case in point: gs gives 2 weeks which is plenty of time to shop the offer around. None of the top banks make you sign in 1 day. So that leaves you with 2 options: 1) be competitive enough to land an offer at CVP or 2) stop complaining and be grateful for having an offer

Your attitude is flawed: the onus is not on the bank to improve its reputation for your sake. You should consider it a courtesy that they have given you the offer and a day to think about it--ultimately the bank has all the leverage

  • Intern in IB - Gen
Jul 4, 2022 - 10:17pm

"not competitive enough to land CVP" ahahahahahahhaha

Bro admit the only reason you are at CVP is because you were rejected by literally every single bank and you got lucky at the end of the process

Also your other point makes no sense, they don't have a deadline but since they are left they are literally competing with regional no-name boutique lol

Jul 6, 2022 - 6:37pm
Deter6895, what's your opinion? Comment below:

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