Telling firms about other offers
How do I go about telling firms about other offers, I’m in between super days for a few and not sure how to go about telling them about it.
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When you're navigating the delicate process of informing firms about other offers during super days, it's crucial to handle the situation with tact and professionalism. Here are some strategies based on the insights from Wall Street Oasis:
Timing and Transparency: Mention your other offers only when it feels natural in the conversation or when directly asked about your recruitment status. Be honest but not overly detailed about where you are in the process with other firms.
Express Enthusiasm for Each Firm: While you inform each firm about other offers, make sure to express your strong interest in working with them. This shows that your interest is genuine and not just leverage for negotiation.
Avoid Ultimatums: Never use other offers as a threat. Instead, present them as a way to communicate your marketability and the tight timeline you might be on. For example, you can say something like, "I am very interested in your firm and believe it's a great fit for my career goals. I wanted to transparently share that I am in the final stages with a few other firms, so I am trying to make a well-informed decision promptly."
Seek Advice: Sometimes, it's helpful to frame the conversation as seeking advice on how to navigate multiple offers. This can make the discussion feel more collaborative and less like you're just pushing for a quicker decision.
Communicate Clearly and Politely: Whatever the outcome, communicate clearly and politely with all parties involved. This helps maintain professional relationships, which are crucial in the industry.
By following these guidelines, you can effectively communicate your situation to potential employers without jeopardizing your chances with any of them.
Sources: Are you interviewing with any other banks/firms?, https://www.wallstreetoasis.com/forum/job-search/negotiating-offer-before-during-and-after-interview-follow-up?customgpt=1, Handling Multiple Offers, Guide for Investment Banking Full-Time Recruiting, Do You Mention Other Full-Time Offers When Interviewing for Full-Time?
You can tell your top choice you have a super day scheduled with another firm on X day. You can say that their firm is your top choice and you just wanted to let them know so they can keep that timing in mind. Most likely, they will expedite your super day to be before the other one you mentioned and then if you get the offer you don’t have to go through with the others. That’s assuming you have a top choice and are not still deciding between which offer you’d take
I had my super day for the firm I want (4/30) and I’m waiting for a response but I have an offer at a different firm for something else so was wondering how to leverage / inform them on it.
Email HR or someone you spoke with right now that you have an exploding offer, but their firm is your first choice
Will they ask for info on the firm? It’s in a completely different type of finance.
Keep it high level (offer from X). Never lie if asked though because HR talks to each other. Avoid trying to leverage if your current offer isn't on their same level. Tons of factors at play internally so no one can give you certainty, but irrespective of that you need to let them know you have an exploding asap if the above is true
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