PE offer - managing response deadlines
I was recently told that a firm is inclined to give me an offer. They are my top choice, but I would need a few more days than they are giving me, (4-5 total) vs. the 2-3 day window proposed, to be able to confidently accept. Is this done / common? Or would the firm be likely to rescind if I ask for extra time?
I would suggest asking for an extension if possible. I would imagine it shouldn't be a big deal to ask for a few more days since 5-7 days to decide on an offer is the norm.
Just take it. What difference is the extra 1-2 days going to possible give you that is worth risking it? It's your top choice and they'll only give it if they're confident you accept. You basically need to verbally tell the headhunter you accept.
If they're your top offer why would you need more time? It's not uncommon for PE firms to give less than 24 hours for you to decide, and if you say you need more time than 2-3 days they're not going to believe they're your top choice. I would just accept it.
Echoing some of the previous comments. If they are your top choice, just accept it. If you ask for an extension, its likely they will rescind your offer and take someone else who is more committed to the fund than you are. I've heard people lose offers because they asked for extensions -- it's called an exploding offer for a reason.
Just had this happen. Only reason someone usually asks for more time is they are shopping the offer. To be Frank, at the junior level there is a line of people who are just as qualified who would hop on the offer immediately. It’s a red flag to ask for an extension and not how you want to start.
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