No Offer, But Keep In Touch
When someone interviews you and you don't get an offer, does it actually mean something when they say something along the lines of keep in touch, we'll revisit this idea next year, we're here for you for career or educational consultations, mock interviews, etc? Or is that just something nice they say so people don't kill themselves after getting dinged?
It depends on a case by case basis. There's plenty of guys at shops where I got dinged, but I'm friends with now. They could have liked you on a personal basis, but it just didn't work out due to stuff out of your control.
I see this one of two ways
I would certainly not ask somebody to feel free to reach out to just be nice, if they weren't pretty chill. It would save myself an awkward conversation.
No. I'm a senior guy and have hired dozens to hundreds of people. I don't say keep in touch so that I don't feel bad about not giving someone an offer or to make sure they don't walk in front of a bus when they leave the office. I do far harsher things on a daily basis than not give someone an employment offer. Keep in touch means keep in touch.
"Keep in touch and get back to me in December" (Originally Posted: 10/13/2008)
I'm a junior who interned in DCM this past summer. There was no formal offer extended to me, but the group head took me out to lunch on my last day and said that there would be a spot for me Summer '09 if I wanted it, and that I should get back to him in December (recruiting at this bank is a little earlier). I've been keeping in touch with the VPs and down (don't want to bother the MDs with bullshitting) and would just like to seal up a spot at this bank, especially since I have some things I want to negotiate. Would it be pointless to express my interest in returning in the next couple weeks, or should I just wait until December?
I would wait until dec. point black
I know it gives you a lot of time to think about it but just keep looking on your own.
given everything going on, i'd be pretty tactful in negotiating any terms of future employment opps
Hey man, good for you for seemingly having a job lined up. I would be very tactful as the previous poster recommended regarding negotiations. It seems to me as you are on the border of getting hired as it is, any negotiations probably will put you in the needy (and dilusional) category and probably push them to hire someone else. If your firm is like most, analyst packages are very very concrete, and very little negotiation can occur, other then maybe start date or group.
Well, what I'm hoping to negotiate is pay. I know that as an intern, I'm not really in a position to negotiate shit, but I was only paid a pro-rated salary of $31,000 last year -- well below what I expected, although I have a feeling that's how they pay sophomores (the juniors I knew got $65-70k pro-rated). Do you feel it's unreasonable to ask for $65-70k pro-rated for this summer?
Also, two British kids had their housing paid for in full...I'd like to try to swing that, too.
You obviously weren't a "summer analyst" with the group. If all you did was get coffee, take calls, and print pitchbooks, you don't deserve to be paid 70k pro-rated and get housing.
Yeah, I guess I wasn't a summer analyst if all I did was make PowerPoint presentations, write daily market commentaries to send to clients and do Excel shit all day...
Can someone -- preferably not a college sophomore -- post a less douchy/useless comment, please?
what an ass comment by notyourtypicalbanker. You sound like a sped. Given what i know about your situation brisbane I dont think reaching out now, or waiting would hurt.
if you're a local, then housing will be tough to swing. i'd say keep up with what you are doing, maybe reach out to the MD with an update email once before december though.
i don't mean to come off as negative, but debt capital markets may be dry for a while, so if they are willing to offer you anything at any salary, i wouldnt try to negotiate, i would take it. if i recall this is for RBC in toronto. the other analyst that are gettign 70 pro rata, are they in the same dept. or in DCM?
you were paid less because you were younger. that's fine it happens. negotiating isn't a bad idea necessarily, but it's usually not something you want to do unless you have another offer in hand.
in this market though, id be really really careful. most of the senior people ive met at banks have been saying something to the effect of, you should be happy that we're even hiring, because we know the market out there is death.
don't forget that all the people you're negotiating with are probably going to see big hits in bonuses this year. so just don't piss them off. my guess is that your best bet would be to talk to HR.
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