what does it mean when a firm tells you to update them on other offers?

diaosi's picture
Rank: Baboon | banana points 101

I just got a superday with a firm and they told me to keep them updated on any other offers coming in my way. What does this say about their intentions? any underlying meanings?

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Comments (9)

Dec 4, 2013

I surmise they are interested in giving you an offer, but are not done with their process and thus want to wait to give you said offer, but do not want to lose you as a candidate to another offer (At least not until they know they have another worthy candidate).

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Dec 4, 2013

think you may have misread LHDan, unless I'm misunderstanding the OP.
OP, when you say you 'got' a superday, I assume this means you were invited to a superday, and not that you just had a superday, correct?

If I'm correct here, it doesn't mean much. It just means that they do not want you to sign anywhere else until they get a chance to interview you. If you had other exploding offers, they might try to expedite your process (although this is often difficult logistically speaking).

If I misunderstood, and you just got done with a superday, then LHDan is correct.

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Dec 5, 2013
nontargetPSD92:

think you may have misread LHDan, unless I'm misunderstanding the OP.

OP, when you say you 'got' a superday, I assume this means you were invited to a superday, and not that you just had a superday, correct?

If I'm correct here, it doesn't mean much. It just means that they do not want you to sign anywhere else until they get a chance to interview you. If you had other exploding offers, they might try to expedite your process (although this is often difficult logistically speaking).

If I misunderstood, and you just got done with a superday, then LHDan is correct.

Ahhhh yes, it appears I slightly misread. This advice is spot on.

Dec 4, 2013

If they had absolutely no interest in you they wouldn't say this. Other than that, impossible to deduce much else.

AUTHORED BY: Certified Asset Management Professional - Vice President - Learn more.
Dec 4, 2013

Ya, I agree with nontargetPSD92. They're interested in you as a candidate, so if you had any exploding offers they'd want the opportunity to interview you prior to the offer's deadline.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Dec 4, 2013

I had a superday yesterday, at the end of the interview I asked when I should be hearing and interviewer asked if I have any outstanding offers.

He said that I should know in a week or two, but to let him know if I get any other offers with approaching deadlines. I imagine he wouldn't have said this unless there was some interest to extend an offer

"I must create a system or be enslaved by another man's." William Blake

Dec 7, 2013

It means that you are still in the process. I had quite a few firms tell me this after a superday, which meant I was hold. If you can land a comparable offer or better offer, it may expedite the process. Other than that, it means just following up here and there until you the final decision.

Good Luck!!!

AUTHORED BY: Certified Corporate Development Professional - 2nd Year Analyst - Learn more.
Jan 11, 2014

If you've received an invitation to superday, they're obviously interested in you. If you receive another offer, they might try and interview you before said offer explodes. Don't know how often this happens though; I'd assume they have quite a few other candidates who might be qualifies and may just write it off.

If you've already done the superday interview, then it's only evidence that the answer's not an outright 'No'; an exploding offer from somewhere else would force them to expedite their decision-making process, but otherwise they'd have no incentive to rush it.

It's quite common to hear something like this, especially from HR, during college recruiting (especially for banks, who know that the recruiting process is very standardized and so there's a good change you're interviewing at nearly identical firms, and are at the same point in the process with them).

Mar 1, 2014

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