lied about summer offer

I love these posts with "lie" in the subject

On a serious note though, you might want to stop saying you got an offer. If they are going to hire you they might want your previous employer as a reference. At least when I got hired they did and asked my old boss why I chose not to stay.

You could just say, "no, they pretty much locked up hiring when the credit market took a turn"

If you did good work in your last position, then don't be afraid to talk about it, because its true!

probably will not get caught. And anyways, you can say you just got a verbal offer and rescinded it. People get away with this stuff all the time..the unlucky ones get caught.

Yeah, I don't understand why people lie about these kinda things. You'd be surprised about how many people call around to find out how this person was, if they got an offer, etc. It happened to many of my buddies. The ones that got summer offers told me that the bank they summered at were contacted by the junior staff of the firms that gave them second rounds (cuz only junior staff have time for sh*t like this haha) and were actually asked about them.

Moral of the story: stop lying.

This kind of thing is such a joke. People need to stop lying about their qualifications and accomplishments. If you feel there was a legit explanation why you didn't get an offer, share that with your interviewer. The bottom line is you need to stop focusing on ways to cover up for poor performance and start doing well.

Do they check for this information before or after they give out FT offers? Also, there is a chance that most of the people I worked with do not know whether or not I got an offer, since HR made the decisions. My supervisor, who I spent most of my time working with, no longer works for the firm (probably got laid off, but i didn't ask), and he currently doesn't know my status. Then again, he may have left before they even gave out offers in the first place.

All background checks, for me, have happened after I received the offer. If you can imagine, it was basically first rounds, then second rounds next day/weekend, then offer within a few hours/days. There's usually not enough time to do background checks throughout the process, so they wait until after the offer. I believe they wait until after you've accepted the offer even. That said, I don't recommend lying at any stage because that's just really dick of you.

Every bank has their own system, or no system at all. It may just be a "Jimmy has a friend at XYZ bank so he calls him up on a whim." I highly doubt there is a structured process of calling previous employers.

I'll be honest, it is unlikely you'll get caught. However, lying is a pretty scumbag move and I'd go out of my way to drag your reputation through the mud and back again if I found out you had lied about this in an interview.

The choice is yours. There is always a chance that you will get caught. You have to decide whether or not the benefit gained from saying you got an offer is worth the risk.

CompBanker i don't really see how what I did was a "scumbag move" or covering up for poor performance. As I said before, I contacted my supervisor, and he told me that I did everything right. I received good reviews, it's just that the offer rate was so low. I was previously advised by someone else to lie b/c BB's im told don't understand the concept of a a 15% offer rate. Given the advice on this forum, I won't lie in the future, but I am still unsure of what to say when asked why I didn't get an offer. Also, when the BB asked me if I had offers, they told me that my answer would not affect their decision.

I've said it before, and I'll say it again:

This whole argument is about insiders and outsiders. It's almost as if those that have offers have got together and started a truth campaign (think: unions). This has the effect of making their offer more valuable when negotiating with other banks.

I had several friends that went through in a similar position although they interned at MM banks and big4 Corp Fin. They were obviously looking to step up to a BB IB, the places where they interned knew this and summarily they didn't get offers. No hard feelings, but everyone knew what was happening.

What do they tell recruiters? No offer? Explain the whole thing and come off as arrogant?

I say, weigh up the risks, if they add up for you go for it.

I love a liar but I hate a cheater. -Ari Gold

What industry group did you interview with?