How long to accept an offer?

How long do you have to accept/decline an offer (IB)? More specifically a MM at their headquarters. I was thinking 1-2 weeks, but someone just told me they had an offer that expired Dec 4th.

This is for a first year analyst position.

 

Its gonna be tough to get a week or 2 from the firm with the offer. The better route would be to tell the firm that has yet to make a decision that you've received an offer from another firm but obviously YOUR firm is my top choice, but one in the hand in better than two in the cho-cha.... and I need to make a decision on the other firm in X days.

Its helpful if you talk to the person who liked you best. Usually when you interview and you get an offer from somewhere you get a sense of X person hired me, because you can sense that they really liked you and championed for you... its probably best to use that person as your point person.

 

Depends on the industry and the connection. If it's ibanking and you're still in school and the connection is an alum you networked with, you have a few weeks or more usually. If it's a PE or HF job, you're expected to accept or reject within the next 24-48 hours. If it's a family friend who really pulled strings to get you into some corporate job, then it might be the kind of thing where it's rude to lead someone on like that, so they would probably expect you to accept pretty promptly.

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