Hi, considering re-recruiting, but afraid if my firm found out they would not give me a return offer which would then make getting a full-time offer even more difficult.
What happens if a firm finds out one of their summer analysts is attempting to re-recruit? Will they not get a return offer?
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y r u re-recruiting
Probably trying to jump straight to buyside
Better group, different geography, culture, etc.
People re-recruit all the time
bump
You can lose that offer if they find out you are recruiting before they give you your offer, yes. Once they give you the offer, you are of course, allowed to look elsewhere within whatever time frame they give you.
How does word even get out? And if your bank finds out, do they straight up just tell you "hey stop recruiting" or do they just fuck you at the end and don't give a return offer
In the office, it's pretty easy to tell if an intern is looking elsewhere. Always on a call, sitting in empty conference rooms, a change in effort and work quality (not that interns produce anything of real quality but still). Work from home makes it way easier, but you still need to be on your A-game all the time. If you shit talk your group in a networking call or interview, that can also get back to the firm because analysts love juice gossip.
They would just not give you a return offer; you're just a commodity and they can always find a replacement. They would not spend extra effort trying to keep you.
Very low probability they find out
If you're at JP NY and trying to go to GS NY, your firm will probably find out (assuming you do a bunch of networking calls and not just a handful of warm intros). If you want to go to a completely different location or group, less of an issue
Why are you re recruiting? Unless you're at GS, internal mobility is a great bet if you don't like the group
If I am joining an MM office in Chicago, but want to re-recruit for EBs and BBs in NY, what are the chances they find out?
Pretty low as long as you are careful about it. Regional MM to NYC BB/EB is one of the few scenarios where shopping your offer is potentially worth it - make sure you get a return though
I'm confused about this "re-recruiting." You talk about being an "SA, and it's January -- meaning that you either were a SA 6 months ago, received a FT offer and you want to recruit right now... or you're going to be a SA this upcoming summer and plan on re-recruiting now... or after your upcoming SA gig... either way, I appear to be the only one who's confused about this whole time line. Also, sounds like you already have an offer, so isn't the real issue whether you'll be able to successfully renege?
going to be a SA this upcoming summer lol
So no, the issue is that I don't have a full-time offer yet nobody does until the end of this summer. So will networking to go to a different firm hurt my chances of getting a return offer
Oh, I see -- I realized you had/have a summer offer, but it sounded like you were trying to land another offer right now to take the place of your upcoming summer job. (Just semantics, but "re-recruiting" to me implies you're looking for another offer right now, whereas it sounds like you maybe just want to "network" right now to lay the groundwork to actively re-recruit once you complete your summer job).
Either way, it's risky. But I guess it depends how you spin why you want to talk to other firms right now -- if you say "I'm working for X this summer, but I want to work for you guys full time," I could see that being an issue.
what do you think is the best way to spin this?
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