Sign early offer or recruit for other banks?
Hi guys, tldr; would you accept an early (exploding) offer from a T2 BB and forgo recruiting for T1 / EBs?
Was just wondering of a hypothetical scenario where a candidate gets an early offer for IB generalist from a Tier 2 BB 3-6 months before the normal recruiting timeline - would you sign the offer and forgo trying for T1 / EBs, or would you try your luck anyway? Context that PE recruiting is not so huge here and the candidate did soph BB IBD
Thanks in advance monkeys
Tough position. Buddy of mine got an offer for RBC SA22 over a year ago, well before any other interviews. He didn't have enough time to accelerate the other processes since they hadn't kicked off. He ended up accepting, but he did say he somewhat regrets not being able to interview anywhere else. Last year it made sense to take the first offer because of COVID uncertainty. That may still hold, but the environment isn't exactly the same. It's a good problem to have, though.
Agree with the above, it's context dependent. I think you need to rationally assess your ability to get future interviews and convert them to offers. If you don't have a stellar resume (target, strong internships, etc.) and/or a phenomenal network I think you should take what you can. IB recruiting has so much luck in it you could get rejected by a lower MM and accepted by a BB/EB as well as the inverse.
I did do a soph BB IBD, so getting to first rounds/SDs shouldnt be too big of a hurdle - of course converting to offers would be a different story
Will it be worth the trouble and anxiety of re-recruiting? Keeping in mind the better places would only consist of MS/CS/Citi/BAML (excluded GS/JPM as they are extremely selective in this region), and PE recruiting is almost non-existent
So this is non-US or for a regional office? Having far less options means your network really comes into focus, how confident are you that they would be able to pull for you? People recruiting for NYC/SF have at least a dozen banks to look at as well as buyside roles which gives a cushion, you don't have that.
Non-US, networking is not really a thing here so applications are mostly by merit and luck
That's pretty intense then. I rolled the dice when I was recruiting, turned down a lower BB to recruit for better banks, but I'm in the U.S. so there are a lot of options and I can benefit from target status. With less control and options I personally wouldn't risk it but of course you have a better understanding of recruiting practices there than I do.
Guess that worked out in the end. Were you also in the midst of the process with other banks when the lower BB offered? Can't really accelerate other interviews on my end since applications hasn't even begun yet. Oh and its also a generalist program
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