Hey all,
I'm currently recruiting for full-time at several boutiques/MM's and the process is definitely way less structured than what it was for last summer. I'm wondering - in the case that I receive an offer for one of these banks soon, is there any leverage that an offer provides me in regards to external processes? I did some digging on WSO and found only case-specific answers, would like some general benefits here if y'all wouldn't mind sharing.
Thx,
-B
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YES. You can even walk into a meeting and be like "I have a full time offer from Jefferies, but I'd rather somewhere better" and they might skip the rest of the interview. If you've been vetted and confirmed by another bank, you're more attractive. Plus, banks love stealing talent from each other.
I don't know about going balls deep like that out of nowhere...leverage the other offers for salary negotiations etc
This is the wrong approach. There is very little room for negotiation with respect to salary for these analyst programs.
Absolutely go into the interview with your offer flag flying. The real consideration here is the NPV of future earnings given the springboard of your analyst experience between banks. The extra $5k or whatever you think you can get with salary is peanuts compared to the risk of not getting an offer from a bank because you did not let them know you already have an offer on the table.
This seems a bit dangerous - is that really the case? So do I just accept an offer and let other interviewers know about it still? Because I thought it'd be risky if the firm I accept finds out.
This plus "if you give me an offer, I will sign on the spot" (and then actually follow through)
I have literally walked into a third round interview and told them that I rejected an offer by phone on the way over here.
Got an offer from them that afternoon.
-Phrase it tactfully (often as a "I need to know by _____")
-Express more interest for the new job
Congrats
Definitely bring it up. We always ask - "what else are you looking at it" etc.. Letting them know you have offers in hand helps quite a bit.
Yes, I either wait for them to ask, or bring it up at the end of the interview and respectfully say I need to know their decision soon because of these offers. As someone mentioned, if you really want that firm say I'll accept an offer from you guys on the spot.
I'd mention I have a FT offer, but refrain from mentioning where.
Yes, lol I would worry if not they would assume you’re their bc you didn’t receive an offer
Can only speak from my SA recruiting experience. Interviewed for a couple of EBs. Completed my superday with Firm A. Went good. Couple of days later I did my superday at Firm B. They asked me what other firms I was interviewing for. Droped the name of Firm A. Firm B called 30min after I left the office and made me an offer. If you performed good in your interviews, mentioning that you have other opportunities but also stating why this firm would be most attractive to you, adds tremendous value to your profile. It will at least drive your interviewer towards making a quick decision (if they don't want to lose you to their competitors).
Mention internship offer in interview? (Originally Posted: 03/27/2013)
First time in this position, should I keep mouth shut? The firm is a competing firm for same position. The one with the offer is much more well known/prestige etc.
Friends, should I not bring up or what? Any one have experience with this?
Play it by ear. If they ask whether you're interviewing somewhere else, then mention you have another offer (but make sure to then emphasize that you prefer their company if the offer is competitive - otherwise they have no reason to give it to you ). Don't bring it up if the conversation doesn't lead to it naturally, otherwise you'll probably just come off as overconfident and maybe even slightly arrogant (i.e. like you don't need to be there since you already have an offer).
I wouldn't mention it unless they ask who you are interviewing with, but after you tell them stress to them that they are your #1 choice. It will make you a more attractive candidate if they know that someone else wants you.
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