Leveraging an boutique offer -> BB
Hi monkeys,
I have an exploding offer from a boutique (think HL, EVR, GHL) that expires end of the week and want to try my chances at landing an offer from a BB (ideally GS/MS/JP) before that date. I do have HR contacts at all of the BBs and have gotten first round video interviews, which have been submitted. How should I go about leveraging the offer I currently have or asking the BBs to accelerate the process for me, if this is even possible? Can I tell BB HR at these firms the exact name of the boutique that gave me an offer? Cheers.
Never been in a situation like this as I am only a rising sophomore so I will just bump this thread and tell you what I would do. Hopefully, someone who has had a similar experience can help you out.
Anyways, all I can say is be straightforward. What I would do in your situation is to get in touch with your HR contacts and tell them that you have an offer at a boutique that you need to answer back to by the end of the week. This will hopefully get them to accelerate the process for you, if not, it sounds like you have a pretty good offer standing anyways.
Tell them the name of the boutique. They're not gonna accelerate for worse firms
Please god do not give advice if you haven't been in this situation.
OP: If your other offers are exploding, it's best to let HR/your contacts know that you have an expiring offer and that you'd appreciate the chance to potentially accelerate the process. It's about all you can do - don't come across as desperate but express that the bulge you want to work at is your top choice.
I wouldn't give the name of the firm you have an offer (and please do not email someone saying "I have an elite boutique offer") as it can only cause problems for you.
Good luck
This is the correct approach. If you have an Evercore offer you do have leverage as a return offer from there is obviously a very strong signal. If it is HL or GHL then you have a good talking point and you did what you were supposed to this summer, but frankly they aren't going to go out of their way to disrupt their process for you. Problem is they have hoards of other summer analysts from the other BB banks who are thinking the same thing you are and your best bet would be to standout in the normal process.
Congrats in the HL offer
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