I have a friend who just received an offer from a place and the HR allows her to consider for 3 days. However, on the second day, HR called my friend saying that they would like to rescind the offer after some discussion with the team. Is this common in the industry? Do interns have the right to request for a few days to consider the offer? Or should interns grab onto whatever that is given to them immediately?
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That is super fucked up in many levels... Are there more than what you have just disclosed?
This is exactly what happened. Who's fked up? The intern?
The HR called to offer and my friend requested for a few days to consider. Thw HR agreed.
If this is true, then it has to be a 1/10000 type event. It is extremely unprofessional and di**ish to retract an offer after "some discussions with the team". Moreover, most firms give candidates 4 - 14 days to make a decision so "requesting a few days" should not be an issue.
It is VERY common to get a few days/weeks to consider an offer. Extremely weird that the offer was taken.
Sounds like your friend may have dodged a bullet.
This is not normal. Many firms have deadlines, although these are usually more in the “few weeks” range. “Good” firms will work with a candidate, usually a deadline makes sense because the firm has to manage their recruitment (make sure they have the right number of people joining the intern class, etc.) and they usually have people “on hold” in the case that they have fewer people accept. But like I said they’ll usually work with reasonable timeframes, at the end of the day it is silly to force a candidate to accept your offer (without being able to interview at other places) and then either back out or regret this and not want to join your firm.
I prefer to give candidates time so that if they decide to join my firm they are doing it because it is what they want to do (they like the culture, people, work, comp, etc) as opposed to just doing it “for now”. It usually ends up being a better candidate for us.
One thing I would check with your friend is whether they sent any communications or spoke with anyone at the firm. Like I said, what you mention is not normal, so check to see if they somehow said/did something to piss off the firm.
Thank you for giving candidates time to think about their options, but I can assure you that there are some employers, including at least one that is often mentioned on this forum, that request candidates decide on the spot. IMO, it's an incredibly dumb practice that makes no sense and is leading to more students reneging. Another example is the other thread, where BBs are making diversity students commit for sophomore and junior summers to "lock them in".
Imagine if this is how it was for colleges, where students had very limited time to either accept or decline without knowing the outcomes of their other applications.
It's hard to have sympathy for the diversity candidates. From the other side of the table, it's frustrating when you give someone a chance when no one else will, and they turn around and repay you by shopping around the offer the second they get it. It also makes it a lot harder for to justify maintaining the diversity programs when this happens.
The diversity programs are no different than binding early decision for colleges.
3 day deadlines on offers on the other hand are just ridiculous. Very few reputable firms do this.
While it could be that a lot of kids do these sophomore internships and then choose to re-recruit to solely "upgrade", but there are also cases where the intern may not have felt he fit in, didn't like the location, didn't like the group, didn't like IB, etc. and it's unrealistic to expect kids with 19 years olds to know exactly what they want to do after graduation. IMO, an internship is a trial period for both parties and not a longer-term commitement.
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