How to ask for extension without pissing off boss?
I have job offer in technology firm, a non-finance position related to my school work but waiting on a BB mid-office/Back office position. The BB contacted me to let them know if I can get an extension because they need time to decide.Granted my first choice is the BB position because it's just more exciting to me.
How do I ask the tech firm for an extension? I interviewed with my future supervisor so how do I even go about this? The BB contacted me to let them know if I can get an extension. God, I don't want to lose an offer in this economy.
Questions:
What should I say?
I have a number of interviews coming up and ideally i'd like an extension until Christmas. lol
common guys, i have a few hours to decide!
worst case, you could accept and reneg later. that clearly burns a bridge, but people do that all the time for the right reasons. my opinion is this is one of those times in your life where it's ok. you aren't so established yet that you have a reputation to protect, so it only hurts you at that specific employer. even there, you may be fine a few years later if the folks you met now have moved on. it's not like companies keep a log of people that have reneged on offers.
thanks djfiii,
an alum pushed my resume so i worry about burning that bridge for future students. i really want to ask but I don't know if it's ok to admit that i'm considering another offer after pushing for this one so hard.
hmm, that makes it harder. if you pushed for it AND an alum helped you out, you probably shouldn't reneg. tough call, you're the only one that can make the decision.
thanks djfiii
How to ask for an extension (full time offer) (Originally Posted: 10/11/2010)
I received an offer from a top MM advisory shop with an original deadline of the 12th (7days) -- I am still in the process of interviewing and would like a little longer to decide. What is an appropriate amount of time to ask for, how do I go about asking for it? I am a bit paranoid that I am going to lose the offer (does this happen?) if I fuck around, so any insight is greatly appreciated.
Thanks,
Congrats. To answer this would probably help to know the MM shop as it also depends on the culture of the firm, but asking for an extension most likely signals to them that you are waiting for a better offer and if you get it you going to screw them. It also shows that all the crap you said about wanting to work there is BS as well.
Basically, I don't think it will make you look good and might cost you that offer. After the time expires they are not obligated to stay true to the offer so unless they really really like you they might give to someone else.
Really depends on the firm whether they will give you an extension.
If they are hinting that they wont, considering its a top firm I would accept and if an offer comes along further down the road that blows this one away I would reneg and sign with the other.
Extensions, however are pretty common. Two weeks is usually the reg.
Asking for an extension to decide on an offer (Originally Posted: 01/14/2014)
I recently got an offer from a boutique fund for an internship starting in February and have interviews lined up with other (much more desirable) firms for the next few weeks. Would it be too unreasonable to ask for a month to decide? They know that I'm shopping around (I told them during the interview), but from the tone of the offer letter, it sounds like they ideally would want me to inform them of my decision soon. As always, much thanks in advance.
Bump
First of all - did they give you a deadline for a decision? If not - just get back to them politely and say that you'll give them a decision by X date (a month does seem like a lot though)... Getting ahead of them like this puts you in a strong position.
If they've given you a hard deadline to decide by, then you're in a harder negotiating position. It comes down to personalities, do you think you can get away with asking for an extra week? You're basically telling them to their face that you think you might get a better offer in the meantime, play this one carefully. Good luck.
Asking for an extension for my decision (Originally Posted: 12/08/2010)
So the background is that I got an offer earlier this week from a MM Bank in New York. Pretty simple. On monday I was told I had a week to respond, but I didn't get the actual papers until tuesday. My first question is whether they want me to respond by monday or tuesday and do I have to fedex the decision or just snail mail it and e-mail them that I accepted.
Second, I just had another first round interview with a different bank and they said that I could come in as early has Monday for the second round and would be able to let me know at the end of the day whether or not I would be getting an offer from them. I think the second bank is probably a bit more prestigious, both in the MM.
My real question is how do I go about asking the company that gave me the offer if I could have til next friday to think about what I want to do. I'm currently in the middle of finals and was wondering if I should use this as an excuse as I have not had much time to truly look over the rest of the details. Should I tell them I'm waiting to hear from one last bank? Any thoughts and suggestions would really be appreciated.
Thanks
I had the exact same situation earlier in the year. Set up the interview at the second bank as early as you can on Monday. Make sure you tell the second bank that you need a decision by Monday afternoon in order to do the interview as you are deciding between another offer. Tell the first bank you will get back to them with a verbal confirmation Monday afternoon.
Have all your paperwork for the first bank filled out and in an addressed fedex overnight envelope so if you can send it monday afternoon/evening if you don't get the second offer.
Pretty straight forward. I wouldn't try to bs them with excuses if you can just do an interview with the second bank on Monday.
Good luck.
Is there any way to just ask for an extension or is that not a possibility?
Yeah I wouldn't give excuses though. Just ask.
Didn't work for me.
Don't bother asking for an extension. The reason you're asking for one is almost invariably: I'm waiting on a bank I like better so can you help me out? That's a message with no upside for you.
You want to game it and get an extra day? Call the HR person at 7am and leave a message asking her to call you back. Don't pick up your phone. Call back at 9pm that night. Apologize for not getting the message earlier, it's exam week. Say you'll call back tomorrow. Don't pick up your phone again. Make the call end of business day Tuesday.
Alternatively, tell them you're trying to make a decision between them and another firm. You're leaning towards them, but it's a very close decision because of whatever. Can you come in next Tuesday after your exams are done to meet some other people to help you confirm your decision? You promise you'll have an answer within 24 hours of the sell day.
Personally, I think it's highly distasteful for any sort of reputable bank (draw your own conclusions about what I'm implying here) to put an exploding offer on the table. My own belief is that a good firm should put out an offer, with a reasonably liberal timeframe. You'll either take it or you won't. If you do, everyone will be happier with the decision. If you don't, it was probably the right outcome for everyone. Putting short-fuse offers out, in my opinion, can only be the brainchild of HR, who are invariably more concerned with things like yield ratios and how it may reflect upon themselves and their recruiting efficiency.
By the way, in case you're wondering what the difference between my second alternative is versus just asking for an extension, think about it this way:
Asking for an extension puts them in the driver's seat. The message is: I don't really want to take you, but I don't have any choice. You have the power over me. And chances are, they'll say no.
The sell day approach says: Don't worry, I'm not saying that I don't like you. But I have choices. I don't need to take your offer. It's close enough that if you force me to, I'll take the other one and be ok with it. I'm in demand, and if you want me, make the gesture and sell me on it. I'll commit to giving you an answer after sleeping on it.
And you'll get the extra two days you wanted.
^^Great posts
That's good stuff GenghisKhan. +!
Ghengis Khan
Holy shit....I was able to 'game it' and get an extra 48 hours because of your phone call strategy
Asking for an extension on making a decision on offer (Originally Posted: 09/20/2011)
Hey guys,
How should you go about asking for an extension? And how long of an extension is a reasonable time to ask for?
Thanks for any help.
Asked for one last year and the longest they gave me was the weekend. Honestly, if you ask for one, they know you're shopping around
Deadlines are there for a reason. Suck it up and either accept or reject like the rest of us.
How to ask for an extension? (Originally Posted: 04/18/2011)
I received a pretty good offer for a fairly prestigious internship on Friday. I have to let them know by the 22nd on my acceptance/rejection. I went through about 6 interviews and its a fantastic internship, but not exactly what I want to do for a career.
I am in the middle of the process for another firm doing equity research (what I love). It is still about 2 weeks away from a decision. When I told this firm my predicament, they suggested I ask Firm A for an extension.
How do I ask them for an extension on an acceptance date without sounding like I don't want it as much as another internship? They put a lot of time and effort into the recruiting process so I don't want to blow it by asking for an extension.
Is asking for an extension normal practice?
Will they be upset (its at a very large firm)?
How should I go about doing this?
How long can I get an extension for?
Obviously if you ask for an extension it is because you have other things you are looking at. Tell them that you are waiting to hear from another frim about their offer. This will actually make you look more desireable as there are multiple firms interested in you.
Asking for an extension... (Originally Posted: 09/03/2008)
Hey all,
I have a middle office offer that explodes September 12th. I interned at this bank during the summer, and unfortunately my school doesn't directly deal with this firm. I was supposed to work at Bear Stearns last summer and while I liked my internship, I'd obviously like to see if there's any chance I could get into banking.
Does anyone have any experience in asking for an extension, and further, do you have any advice on doing so? Last, what time range is too much? Would I be getting out of hand if I asked for an extra two weeks or perhaps even a month?
Thanks for any help you guys can provide.
Your best bet for advice is to use the search function:
Renegging
Assuming you are shopping for other offers, etc. I believe you are fully entitled to accept the offer, and reneg as appropriate. Some may argue you will be forever banished from that bank: but most Certified Users seem to state the obvious: you're an incoming analyst. You will not be "blacklisted", etc. It's your career and your life, you've gotta do what's best for you. IMO, accept the offer, and shop like hell. The worst thing that happens is you have to take the job you liked.
Good luck.
Return Offer Extension = Bad? (Originally Posted: 08/30/2013)
My FT return offer deadline is coming up. But there's a few positions from OCR that I'm really interested in. Does it look bad if I ask for an extension? I don't want to be a situation where, if I do go back to my firm this summer, people will say "oh this guy only came back reluctantly, he wasn't really interested in coming back."
Is it an offer that you're locked in to the position? Because couldn't you accept the offer and then still go to OCR? If you get a better offer then you take the better offer.
Pretty sure if I do accept an offer, I have to cease all OCR activity. By signing it, I basically pledged myself to the contract.
Theres nothing wrong with "exploring options" even though "you really enjoyed working with them and appreciated the opportunity." they liked you, so I'm sure they would understand
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