I've sadly been put on a waitlist/hold-list at a BB after attending one of their first final rounds this year. I was told to wait until end of this month when they've held a few more final rounds (I know someone who has received an offer and someone who got rejected)
I've been interviewing with small companies in the meantime and received a full-time offer which is going to expire very soon. It's not very related to what I want to do, but I am wondering if I can leverage this offer to get off the waitlist at the BB.
I'm thinking of calling the BB up and letting them know that i have an exploding offer (even though it's not really a comparable firm or position). Do you think this will help my case in any way? I'm thinking this can either benefit me or actually hurt me - They may feel more of an urgency and review my case sooner than they had planned to which will give me a better chance with more spots open still, or they may review my case and still be unsure about me, but decide to dinge me since I can't wait for their decision.
Please give me some insight and advice so I can make the best of this situation! It's not the most ideal situation and getting that BB offer would mean the world to me.
Sorry about the situation you're in. I unfortunately was in the same position too senior year. The best piece of advice I can pass to you that my previous manager gave me was to not take an offer just because you have one. If you really want the BB use your existing offers or anything that you feel may help to boost your chances of at the minimum being moved to the top of that waiting list. Best of luck to you.
Had a similiar situation as well. I didn't "use" my offer but it naturally came up during first round interviews, which allowed me to have an accelerated interview process. It can't hurt to try to call up the BB and explain your situation and see if they'll give you shot rather than risk losing you.
Thanks for the replies!
Do you think it will help despite being a not-so-prestigious offer that is unrelated to the position I'm applying for at the BB? I initially thought it would help bump me to the top of the list, but now I'm afraid it might hurt my chances being unrelated and all.
I think you certainly tell them about your offer...its like pursuing girls sometime...the more wanted you are, the more desirable you become
Definitely call up the BB and let them know about the exploding offer. Be cordial about it; they deal with this all the time. All the time. Also let them know it's OK if they can't get back to you by your offer deadline.
It does not matter the quality of the offer. It won't "hurt" your chances - if anything you'll come across as more desirable and it gives you a chance to add some leverage to the negotiations.
The BB is probably waiting until it finalizes recruiting at core-schools before extending your offer. Usually they allocate the target kids ahead of the non-targets. It's not really a waiting list, you're just being strung along for a few weeks until they have a chance to figure out how many extra spots they will have after taking the core kids.
Back in the day I did exactly this, and I ended up with an offer later that evening.
Tell them you have an exploding offer.
If they ask from where...tell them morgan ibd...you want to one up the BB u are waitlisted on...its like a popularity contest...if you're good enough for MS, then shouldn't we at UBS want you too.
I thought it was a dangerous game to lie about offers from other BBs(Jeffrey Chang obviously springs to mind)
Yea. Don't lie.
It's not lying. Its selling.
Thanks for the sound advice everyone ! ( except the one about lying about another BB offer .. I think that's just dumb as well)
Say that you have another offer but that the firm who gave it to you specifically asked you to not disclose the offer publically. Say you are sorry for being weird about it, but you dont want to jeopardize your offer with them.
Benefits:
Gives a touch of mystique, they might think it is a top firm that has this rule.
No way they can verify
Thanks for the suggestion. Is this a common tactic? I've never received an offer where the firm told me not to disclose the offer publically- How often does this really happen?
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