Typical SA to FT Job offer timeline
Interested in hearing how long you have to accept an offer going from SA to FT. How does FT recruiting work within those short deadlines of only a week?
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Usually HR reaches out a week after receiving the return offer. The industry standard is giving you 1-2 weeks to accept it (all in, max 3 weeks after the verbal offer). Impossible in terms of timing to interview for FT positions (and potentially receive an offer) in that short time frame. Must say this is from my experience in EMEA, LDN.
Was the same for me (also LDN based). HHs know it and many MFs have started doing 2-day ACs on the Saturday and Sunday right after the end of the summer internship. You'll get a FT offer by Sunday evening and can already decline the return offer from your SA firm as soon as HR calls the following morning.
2 weeks is pretty standard offer deadline in the US, although a handful of schools are starting to force banks to give very long deadlines (4-6+ weeks). FT recruiting is extremely compressed, think 1 first round during/immediately after your internship and then superday within a few days or a week.
If you are intending to make a move FT you need to be networking very heavily in the back half of your internship, and be ready to superday the week after you finish.
During my SA at BB we got offers the last week of the internship with 2 week deadline (some banks are firm and others are willing to extend if you communicate well and have a good reason…. Interviewing elsewhere is not a good reason).
If wanting to go somewhere else, I recommend if your SA ends in august, start networking elsewhere in early July. Don’t network in June or before your start because it shows you never gave your current internship a chance and might come of negatively.
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