PE Offer Finalization & Process
If I've already gone through something like 8 rounds (incl. case study) of interviews with a PE firm including their senior team, and then they ask me to provide references, is it safe to assume that it's basically going to result in an offer?
I have no skeletons in my closet for background checks or anything like that, and I'm positive my references (staffer likes me, a couple other mid/senior level bankers) will give glowing reviews
My parents say that the rule of thumb when they were looking for jobs is that HR would narrow it down to two people and decide based on references, but they're not in finance and a lot has changed since they were last in the job market, so would be good to get some more informed opinions
Assuming I do get an offer, is it okay to negotiate (to a degree) as well? Going to a fairly typical MM/UMM shop with the typical 2 years of IB
Can you share any details on geography/industry focus? I've gone through a similar process that sounds almost identical to what you described very recently as well. There don't appear to be very many shops actively in the market right now...
I wouldn't really count on being able to negotiate the offer, particularly at the entry (Associate level). Maybe a little bit on relocation costs if that's relevant or if you are going to be missing out on an early calendar year 2021 bonus, but I doubt us candidates have a lot of leverage in this hiring market.
Typical NYC-based generalist firm. Started interviewing with them probably 6 weeks ago at this point, given the holidays and stuff
Got it - Okay I don't think we've been interviewing at the same place. Best of luck either way!
I have had an employer ask for references after an extensive interview process (including meeting senior people at the firm) and then got rejected. I also confirmed that all my references gave positive reviews on me. I don't think your offer is by any means guaranteed but you are in a good spot.
Any idea why it fell through after that?
According to the recruiter, " Everyone really enjoyed meeting you, but this year was abnormally competitive"
For US PE interviews, it's very unlikely that they will ask you for references when they don't have an intention of giving you an offer. It's like a check the box.
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