Currently I am looking for some advise/feedback on how I should proceed.
I had a final round interview for a boutique IB analyst role on the week prior to Christmas and was told they wouldn't be making a decision till the new year. I followed up a few days into the new year and was told they should be reaching out soon. About a week or so later I've yet to hear anything... so I am wondering do I reach out again or wait.
My thoughts are that I am the #2/3 at this point and they are waiting to hear from the other candidates. I have had a few other interviews at company B since the final round, and was told I should be receiving an offer in the next few days from one of my interviewers.
Should I use that to leverage Company A to speed up their process? (Mind you I would prefer company A)
If you are the number 2/3 candidate letting them know won’t really change anything imo.
They probably gave a 1-3 week offer to their 1st candidate and still waiting to hear back. You letting them know won’t be able to speed up that process imo.
There’s no harm in letting A know. Tell them that you have an exploding offer with B but prefer them. Ask whether they can let you know in time. Would not do this until B extends an offer though.
curious what role you're lateraling from and good luck mate hope you break into banking :)
A CorpD analyst role covering the same sector
Update: I just got an offer from another boutique investment bank for a similar role but am still more interested in the aforementioned role... any advice on how I can leverage this?
Assuming you are the #2+ candidate I think you can let them know, but that it likely won’t change anything. I imagine myself in their shoes receiving your email/call and deciding what I could change - do I tell #1 he now has a shorter timeline to accommodate you? Do I straight up tell you that you’re #2 and that the firm is waiting to hear back? I don’t see either of these happening.
On the other hand, if you aren’t #2 and rather they just haven’t made up their minds, you may spur them to a decision. All in all I think you just have to wait, and given you’ll have a week+ to decide on B you should hopefully hear back from A by then.
Edit: I don’t think that them knowing you have an offer at another bank will get you any points - while I have heard of people doing this for SA or other multi-offer situations, I think that it’s very different in a boutique scenario where everyone sat down and decided who they liked best.
Thanks again for the response - that's my thoughts. But I just wasn't sure if I should send them an email to let them know I do have another offer just in case they are dragging their feet and have yet to make a decision. Versus the alternative where I don't email them, wait for the offers expiration date and accept should I not hear anything.
BB Lateral Decision Timeline (Originally Posted: 05/25/2016)
I had a superday roughly two weeks ago for an analyst/associate position at a BB, and still haven't received a response. One of the interviewers responded to my follow up last week saying they were still discussing and asked me to be patient. Nothing from HR.
Am I dinged and is there anything else I should do at this point?
bump
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