waiting for official offer for a month already
Hi everyone there. One month ago, I finally got a verbal offer from a equity research office from a big bank. We negotiated the benefits, salaries, bonuses. I thought I would get the official offer letter quite soon but unfortunately I've been waiting for a month now. I've been sending follow-up emails to hr about once a week but she kept just saying they were still waiting for the approvals. The job is not in new york city and my spouse actually works in the same company but in difference departments. I am wondering if the long wait is due to some approvals to clear the conflicts of interests. But the hr said on the phone when she gave me the verbal offer that it should be okay. I have a job right now so financially I'm okay but I cannot stop worrying if I can get this job because it is my ideal one. Should I contact my future boss- the analyst covering the industry or just keep sending emails to hr? Please share your thinking. Thank you so much! Btw, the job opprtunities in our city actually are not that many especially in ER. If I cannot get this one, I feel I have to move to new york city...
So here's the thing: You don't have an offer. It sucks to say it, but I'm just being honest. Until you have anything in writing, you don't have a contract. So you can keep emailing and waiting, or you can possibly start looking for other opportunities. Usually there's an agreed upon start date with verbal offers: did they mention when they wanted to have you start or any sort of timeline at all?
Thank you for your reply. Yes. That's why I worry so much. Unfortunately there are not any ER shops in our area besides the one I interviewed for. I still keep an eye for other opportunities, just they are not ER. The HR didn't mention the start date. But I do know the analyst has several associates under him already. This position will be a new one. So maybe they are not in a hurry. But still one month is so long and I'm still waiting. Good thing is I haven't told my boss of my current job.
Anything can happen (hiring freeze, downturn, etc.) so I would keep it in perspective. However, one month is a bit long with no follow-up or reasoning of any kind. I would say start interviewing for other opportunities ASAP and if they call back with a letter for you to sign then stop immediately. Also, smart move not telling your boss. Don't until you sign an offer- because that's when you have a new job.
Completely agree with the above. I had a verbal offer from a large investment manager which ended up reneging three weeks later ("we found a slightly better candidate based locally"). Assume you don't have an offer until you have the paperwork in hand. In the meantime, keep interviewing and keep your current boss happy. Good luck and hope everything works out for the best.
I'm in the same situation... I passed the interview with a big bank. about one month ago, HR told me that I got the approval from the team but they have additional processes due to bad market condition in the banking sector this year... I asked for the follow-up from the HR a few days ago and they said they are waiting for the final approval.
Actually I received the offer in paper today!!! The Hr said they processed a bunch of offter letters. So maybe that's why it took so long. Anyway, thank you everyone for your reply and suggestion. Good luck!
Holy shit, same EXACT boat here. Different industry though. I'm going insane. Whats worse for me is, I had to tell my current boss. I had been interviewing at other firms that are our clients, and didn't want them contacting him first - full disclosure. He's cool with it, just asks that I give him enough notice once I land something. But this is taking forever and therefore just making it more and more awkward day by day. I don't think I'm in danger of being let go as he's been very understanding of my situation (moving to new city, etc.). But fuck, something about having one foot out the door has completely drained any ounce of productivity or desire for my current job. This sucks.
I totally get your feelings. I felt so struggled for the past month. Well, hang in there and good luck!
happens... just be patient and keep looking and keep contacting all firms you have applied to regularly, if you have direct contacts inside the firm, ask them assuming the office politics does not get in the way ... these things can take time and can go either way (as others have said) ... in order to keep your sanity, working on the side and searching for other offers might help if you can function without too much sleep .. for fresh graduates or those not fresh graduates but new to ER working on ER Models and Reports of your own can help keep your focus rather than over-thinking a situation unnecessarily
oh my god i was about to post the exact same thread, except its consulting. I ave been waiting for 3 weeks now.
How long should it take to formalise an offer? (Originally Posted: 09/26/2017)
I have been interviewing for a research role at a Tier 2 bank (by referral, no HR involvement). After a series of meetings with various analysts and sales ppl, I met with one of the heads of research management and accepted a verbal offer. He asked me to send him proof of salary for the last several years, which I did right away. I have been expecting to hear from someone in HR about getting other information and documents together, but it's now been a week without any contact.
I have heard that this bank is notoriously slow with on-boarding, but at least someone should have been in touch? Is there much cause for concern...and what is a reasonable timeline from here onwards?
Is it one of the European banks? I'd follow up with either the HR person who contacted you or your hiring manager.
How long do Boutiques take to send written offers? (Originally Posted: 06/09/2017)
So I finished a superday with a boutique bank and a few hours after I left my contact at the bank (an associate) called to say I did a really good job and everyone liked me. He did not specifically say I had an offer but probed my interest in another office. Later that week I get an email saying im still "in consideration" and that decisions will be made next week...well next week passes and I hear nothing from the bank.
How long does it take written offers to be sent at a boutique shop? If it's been 2.5 weeks since my superday and I havent gotten an offer have i been dinged? And do boutiques usually act in the way I described?
Reach out to your contact and politely ask what the status is regarding the position. In my personal experience, boutiques tend to turn around pretty quickly because they usually have an immediate need.
It varies. Depends on how big the boutique is, you have to remember that things aren't as structured. A bunch of different things can come up which means that the group that recruited you now has to put you in the background and work on a deal or something. That's just a possibility.
Another possibility (not good news for you) is that they extended an offer to another candidate and are waiting for a response and dont want to lose you either so they keep you in this limbo where they are vague about what is happening. Best of luck.
if i were the #2 choice, how long do you think they gave that other candidate to decide? also, what do you think their response would be if I said i had another offer?
My experience is three, four days but it was a pretty small and organized firm I would say... and yeah I would assume it is somewhat of a quick thing as a previous poster mentioned. If you already had an oral offer if it were me I would wait a week from oral offer or wait for the next Monday / Tuesday to reach out and politely ask / follow-up on a written offer.
My friend had a similar thing happen to you actually where a decision was expected but found out a week later than the 'decision date' that it would be delayed a few weeks to insert one last interview round so that could be the case too... wouldn't be surprised.
D boy question for a d boy with no offer. Now go get me my Chateau Margaux and I'll offer you a sip.
Generally less than a week.
Best to ask. In some cases they won't even want to bother until you show up and can sign everything in person.
I would reach out again just to be safe, but from my experience it can take up to a month if they're swamped with work.
applying to others while waiting for written offer (Originally Posted: 06/04/2013)
.
Quibusdam excepturi est quibusdam doloribus voluptas. Mollitia et quia iusto et nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Cum modi incidunt libero. Vero facilis repellendus magnam ullam.