Leverage Lateral BB Offer to Speed Up Buyside Processes?
Title says it all. I have received an offer to move from one BB to another (same caliber and coverage, but lateraling for growth perspective etc).
Is it worth mentioning this to funds I'm interviewing with to speed up processes? Appreciate this is not a comparable offer and they might question why I'm even trying to move to another bank (vs. solely focusing on buyside opps).
Am I shooting myself in the foot or would it likely help (feedback so far in my buyside processes have been very good)?
I think you are laying out the downsides the right way. You're adding additional complexity and giving cause for additional questions, while not materially improving your position.
It just doesn't really fit your story. Your story should be "I want to go buyside and I have these experiences, these interests, and these processes / offers in the works." If you mention this lateral offer, that story immediately changes to "I'm trying to leave my current role and I'm not sure if buyside is the right path so I'm hedging my bets."
That’s what I thought - thank you and SB’d
We had a candidate who had a pending sellside offer. Didn’t move the needle for us and just introduced questions on commitment to move to buyside.
Totally agree with this, it only creates question marks.
If you want to be very vague and say you have another pending offer (but then don't say who it's with), that's fine, but if you're not willing to name names I don't think they will accelerate. Especially since it sounds like these are not necessarily final round stages with your target funds... some may just tell you their timing can't accommodate and to take the offer.
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