How to Stall Exploding PE Offer
Hi All,
How can you stall an exploding PE offer (exploding in 24 hours)?
Need to buy time of 3 business days (plus 2 days on the weekend - so total 5 days).
Would greatly appreciate serious responses only. Not a hypothetical scenario here.
Thank you, A Hopeful Banker Chick
**3/5 UPDATE: **
Managed to stall offer.
How do I leverage current offer to get job offer with top choice firm?
Will an email do?
Also, I don't want to mention the name of the firm I received an offer from in my email. Will that make them suspicious / think I am "bs'ing"?
Might be worth a shot to say something like "A friend (or friend's parent might be even better) stuck their neck out for me to get me an interview at another firm. Your firm is my first choice, but I feel like I owe it to them to stick out the interview process."
I can see this having as binary of an outcome as possible. They could respect it -- it's an unusual enough excuse to believe it. More likely though, and this depends on the firm, it can be essentially perceived as an open admission to you shopping around their time-sensitive offer. I don't think it would result on them pulling the offer off the table, but rather reiterate that they are firm on the exploding deadline.
In almost all situations I recommend manning up and being open, but with this I highly recommend making something up that has absolutely nothing to do with recruiting for other positions. I can't think of any excuse unrelated to interviewing that could warrant a 3 day extension plus the weekend. You need to talk about it with your parents and they're overseas? Great, find a time and call/Skype them in the next 24 hours. Adding a day or two to the deadline might be feasible, but 5 days just sounds like a tough ask.
Have you considered tackling the problem from the other side? Why do you need 5 days? Can that be shortened somehow by explaining the current situation to someone?
Let us know what happens. Best of luck!
Accept the offer. You can't stall for 5 days. It's way too long. And a 'family emergency' smells like stalling to everyone.
I think your best bet is to accept the offer, and take the interviews later in the week. If you get the other offer, and you really want to take it, then you renege on the original offer. If you don't get the other offer, this is a moot point.
Just don't post your new position on LinkedIn or brag about your exit plans with other analysts, and the firm you renege on won't know/care. It's a dick move for them to make an exploding offer anyway. They should know better.