Sticky Situation - Advice?
I had a final round with a buyside firm (Front Office) position in the beginning of this month. They said they wanted to move the process as fast as possible, but it took a week for them to get back to me, after which they gave me an Excel test that I gave back to them at the end of last week. They (HR) said they would make a final decision by the end of this week - it's between me and some other guy.
A former co-worker of mine has been wanting to bring me onto a top-tier BB (GS/MS/JPM) in a Risk Management position for quite some time now. He says that his bosses saw my resume, really want to see me, and given my skillset, I'm basically a shoo-in for this spot. I told him about my other interview and he wants to wait until that's over before I meet his manager, but they need someone now and are getting impatient. Obviously if I get both offers, I'd reject this one, making him look like an idiot in front of his boss, so he's not taking that risk. I know, this is Middle Office, but actually the job description and functionalities are very very similar to the Front Office position described above. Only difference is - that position is supposed to lead to a PM role, while this is risk and doesn't.
Should I tell the buyside firm about the position at the BB so they can move the process along faster? Would they be impressed that another reputable firm wants me for a similar role, or would they just be annoyed and ding me? Obviously the buyside position is my top choice but I feel they are trying to buy time by dragging this thing out. I mean, why give me the Excel test after the final round - shouldn't it be before so they could see whether I am technically competent so I don't waste some exec's time?
I'd let the buyside guys, know you are have other offers. Call them and say, "I just wanted to follow up with you, I have to make a decision regarding an offer with another firm very shortly and wanted to know where I stand because you are my top choice." Be polite and if they're interested, they'll hurry up. After all, no one wnats a good candidate to slip through their fingers. I know that last time I was on the market, my future boss asked me what my timetable was like and I told her. It worked out for the best, because she made the decision process a higher priority and got back to me earlier.
You may also want to have an informational/lunch meeting with your friend's firm just to keep your foot in the door. That way, if you get the buyside offer, you don't look like you're jerking anyone around which would make your friend look bad.
That's my .02, I'm sure there are others with similar experiences.
Autem ut debitis sapiente dolores consequatur sunt perferendis voluptatibus. Eligendi totam asperiores nostrum nisi. Consequatur quam et rerum enim cum.
Adipisci voluptatem eos sed accusantium. Quos dolor quisquam doloribus accusantium vel eos. Laboriosam amet repellendus suscipit et provident laboriosam qui. Aut accusantium nisi sit commodi.
Tempora enim voluptatem qui aut facere perferendis fugiat. Animi quasi maxime consequatur omnis. Et nisi debitis corrupti consequatur et dolor dolorem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...