Hi! I received a verbal offer from a BB. I would like to know how long do people usually have to wait in order to get the offer letter?
At what point in time, should someone contact the HR to follow up with the situation?
Also, if US students who will be working in Europe or Asia...do they have to wait longer compared to getting the offer letter within the states?
What time should I expect between a verbal offer and formal offer letter?
This question can vary a great deal based on the employer and how busy HR is at the given time.
User @PowerMonkey, an investment banking vice president, explained that:
My physical offer took about a month and a half to two months. I know people who have waited even longer. Generally different HR groups extend you an offer vs give you an offer letter vs do your training etc.
You should contact HR and determine how long till they send it and how they intend to do so. Its easy enough to do so under the guise of checking to make sure they have the correct address.
Some people receive their letter same day as @lou, an investment banking analyst, did.
I was given the official offer letter, day of the call.
This can also vary based on whether the letter is coming in the mail or via email. You should clarify with HR when you receive your offer about whether you will be receiving a paper or digital copy.
What should I do if the offer letter wasn't received?
When given the verbal offer - you should check to confirm when you will receive the formal offer letter. If the date they indicated has passed, wait another week (in order to avoid seeming too aggressive) and contact your human resources contact.
If you were not given a date - check in after a month indicating that you just wanted to double check the address that you gave HR as mentioned by @PowerMonkey, an investment banking vice president, above.
Several users shared the advice that you should not stop interviewing until you have the formal letter in your hand.
Don't get burned by stopping all your processes and then having a "glitch" or something come up. There is no downside to continuing in the process until the written letter is in your hands.
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