Written offer after 3 weeks, with another much less attractive offer expiring soon

Hi everyone, on Friday I got a verbal offer (analyst IBD) from a MD of a BB. He told me that they really liked me and wanted me to join their team. However, he also told me that I would have had to wait 2/3 weeks for the written offer. I thanked him and told him I had another offer outstanding (I also told him that his bank was my preferred choice) and I asked if it was possible to shorten the waiting period for the written offer. Today I get a call from a VP of the same bank telling me that they really want me (also telling me the details of the offer and the next steps (written offer, background checks, visa..), however I will have to wait 3 weeks for the written offer due to their internal policy. From what I have understood they have to leave the opportunity open on their career site for a certain amount of time (he mentioned internal marketing/job posting reasons (?)). Is this normal? What should I do? The other offer will expire soon (tomorrow). Should I reject the other offer and wait? How likely is the possibility that they do not extend me the written offer? I stress that the other offer is less attractive than this one and the VP told me that basically, since I told me I was very committed, they are not going to select any more people... Thank you

 

Thank you for your answer, the problem is that company B (not preferred) will start in less than two weeks, while company A (preferred) will give me the written offer at the end of october. I do not think I can accept the written offer while working at company B, I would have to resign (which means I would work at company B for 2 weeks..) 

 
Most Helpful

I feel like you can trust the BB team on this one. You've heard directly from the MD and VP that they are going to give you a written offer and that they really want you to join the team. Deny the other offer and verbally accept the BB. And by the way, the job posting period requirement is real. That's why you sometimes see job postings that are on a bank's website but in actuality they are just filling it internally. 

 

Quia ut cupiditate cumque ut consequatur nulla. Ab recusandae amet magnam quas. Aut ducimus magnam deserunt provident necessitatibus enim et. Inventore voluptas quidem eaque eos aliquam tempora non provident.

Deserunt aut inventore corrupti sapiente quia. Aliquam qui ea et in. Vero est tempore ex inventore ipsum excepturi vero. Enim est unde id atque atque. Fuga magni quidem nulla magnam aut deserunt iure. Beatae magni deserunt modi in ducimus.

Magni vel quia alias dicta hic voluptas. Ut explicabo natus ut ipsam. Voluptas aut assumenda et autem assumenda.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”