Lying about return offer
Hey...got a scenario I wanted to run by you guys. Lets say - don't get a return offer from a known MM SA...and you lie about it in FT interviews... and accept an offer elsewhere...what are the chances they find out?
Discuss with me here...you don't have a return offer...what are your chances anyway of even getting an FT job anywhere in finance?
Would you take the risk (lie and if they find out, work in another industry) OR try for some boutique? would a boutique even take you or are there other options?
My feeling is they don't check...only check if you worked there through some tax forms or something.
Do not lie. It never ends well. Most people automatically assume that if you are doing full-time recruiting in the fall and you had a decent summer internship, you did not receive a return offer. Even if the firm might not check the interviewers still will. Whenever my firm was doing full-time interviews and someone said they received a return offer, we always informally checked through person contacts.
To summarize, never lie about your employment history or education. Just don't.
Bump?
Graduate - No Return Offer - Advice? (Originally Posted: 08/19/2014)
I'm a recent graduate and the past 6 weeks I've been undertaking a summer internship. Unfortunately, I found out that the desk doesn't plan on hiring anyone, despite getting positive feedback, because they have previous graduates rotating who they're not sure they can even offer full-time to anyway.
As an FYI: I've done a fair few work experiences/internships now (some pre-uni). I go to a UK target and got a 1st (not sure what GPA, but it's the highest you can get in the UK).
Being a 10 week internship, I still have a few weeks left. I'm not panicking yet, but I am worried.
1) What can I do from now till the end of the internship to best improve my application? I'm already trying to learn as much as possible. I don't live somewhere where networking helps a lot but I will be trying to network more outside of my desk. But, this is limited, so I can see someone I've worked with for 10 weeks helping me out, but probably not someone I talked to for an hour.
2) How do I best position myself for FT applications? As I said, I'm a recent graduate but this was a summer internship. I'm worried about what to do now because I've done a couple of summer internships now and I'm worried it can start to look badly because I've not converted either, although this one had no scope and the other just wasn't a good fit.
Do I apply for FT or off-cycles? FT is very limited right now as most hire entirely from their SAs, but off-cycle would mean more internships and I don't want to do well again in an internship to be told "sorry, you were good but we don't have the capacity".
Inquiring about return offer (Originally Posted: 11/13/2013)
Last summer, I worked at a smaller MM investment bank. While I didn't get officially get a return offer, I got a great evaluation from the MD at the end of my internship. The thing is, though, I technically didn't apply to this internship through any official process. This office literally is just 1 MD and 1 analyst, and they weren't looking for an intern until a family friend of mine who knew the MD inquired about any internship opportunities. Therefore, I don't know if they're necessarily looking to expand this office, which is new and has only been around for a little over a year.
What's your question?
Say you really enjoyed working there this summer and are wondering whether they are hiring FT analysts for next year, and that you'd like to apply for/are very interested in the position if they are.
inquiring about return offer (Originally Posted: 11/11/2013)
I interned at a MM investment bank this past summer. I technically didn't get a return offer, but the MD gave me a pretty good evaluation at the end. How could I go about inquiring about a return offer?
Should I tell my interviewer that I received a return offer (Originally Posted: 03/12/2014)
I'm a college student who's interviewing for summer internships. However, I did an academic year internship and it just ended. Due to good performance, I've been asked to return for the summer, but I didn't accept the offer yet. Should I tell other interviewers that I have a return offer already? If so, how should I say it? Should I say something like "although I got a return offer but I still like your company the most?" Thanks.
so, are you saying you're still waiting to hear back from other interviews? Or are you still interviewing? How long do you have to respond on the internship?
First off, don't panic. Panicking never helps.
Second, I'm a little confused - if you're a recent grad, then did you take on this internship with the expectation that if you got an offer, you'd be starting full time right after the internship? Generally the offers given at the end of an internship translate into an offer to start the next summer (i.e. about a year later).
Agreed - do they generally bring in FT analysts each year or is it a case by case basis? I'd expect they have some kind of formalized process
Towards the end of the interview when they say they're going to get back to you, say that you have an offer that is going to explode soon but your firm is my top choice if you could get me an answer before then
Also, most interviews I've been on have straight up asked me if I was interviewing anywhere else and what the status was on those. So maybe that will happen to you as well.
Email and express interest about returning.
Exactly.
When I talked to them they were aware of my situation and said there was scope to hire for the graduate scheme starting September. Or, if not, next year.
But, they changed the structure of the internship so that they aren't hiring at all next year, and they're not hiring this year either because there's no need as graduates will be starting in September and there's enough.
So I typed up a response but it didn't submit properly for some reason, but basically:
If it's a good offer at a great company why not?
Haven't you posted the same question before - this looks very familiar to another thread I read on here a few days ago. If not, it may be worth looking for that thread. My advice stands.
Just ask Mathew Martoma
I'm a little confused: were offers extended to other people? If so, they decided that you weren't a good fit, and it's time to move on (obviously). If not, notthehospitalER has the right approach.
did you do any business development with them? If so, you could leverage that saying you could help bring in more business.
Don't lie. Someone at my school didn't get a return offer from an EB and lied about it and got blacklisted from a bunch of interviews that he probably would've gotten and banned from OCR.
If they want to hire you full time, they wouldn't ignore the issue for long. Unless you specifically told them you weren't interested, I find it hard to believe they are waiting for you to ask if they are hiring before initiating a process with you. That said, there is probably no harm in asking at this point and getting a definitive answer. Do what notthehospitalER suggested.
Probably not a bad sign you didn't get formal offer, given that it's 2 people Ask MD if he could use a FT analyst, if not ask for a referral to other jobs Since you got a good eval this should be no problem
Keep working hard and learning. Be sure to help out as much as you can so people on the desk and anyone else in the company likes you. Then ask for help. If anyone has any friends or contacts that they can hook you up with, even if for "advice" we all know what that means. That way at least when you leave its with a positive reference. You never know a spot might open up soon thereafter. Or someone will put you in touch with someone else etc. Good Luck
Thank you.
I think right now it's a question of striking a good balance between being helpful but also learning useful things. For example, boring admin work or basic Excel work is helpful for them, but at this stage it doesn't really do much for me. Of course I need to do some to appear hard working and useful, but I want to get stuck into some harder projects that require VBA etc. to learn the VBA skills. Ultimately in interviews, it's those things that will impress, not the admin or simple tasks.
Equally, I'm trying to also spend some time learning technicals myself (and using the traders as "teachers" if I don't get it entirely) and also looking into applications/CV changes and all of that.
Dude you are an intern. No one expects that much. Good words from your colleagues or superiors or others will help the most abs that's what will separate you from others.
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