No offer - manager's advice

Currently interning in S&T at a BB in singapore and internship is about to be over. Did very well (top ratings in every category and overall for both midterm and final appraisal) but my manager told me that the headcount of the group has been cut and he's pretty sure he will not be able to extend me an offer. I will be applying to both SGP and London offices for full time.

He gave me two advice.

  1. He told me to tell HR that I am not interested in an offer in SGP (because I wont get it anyway) and would like to be considered for London.
    He told me the reason for doing so is that when I go into an interview for London BBs and the interviewer ask if I got a return offer, I could simply say "I am not eligible for a returning offer because I was being referred for the London office and am going through their recruiting process, since London has always been my first choice."

  2. He told me to take a copy of my signed appraisal to interviews. For London BBs, I would show them my appraisal and basically tell them that I would have gotten an offer if I wanted to return to SGP given my top of the class ratings. For SGP BBs, I could just show them I did really well but they dont have headcount.

What do you guys think regarding both advices?

 

I think both sound like good advice, your manager is looking out for you.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Iure beatae maxime quia expedita quae ex a. Consequatur aut sed eligendi. Delectus consequatur dolores rerum aut debitis. Incidunt eum qui earum sapiente ipsam. Nesciunt in rerum consequatur.

Ipsam quasi soluta beatae. Ipsum consequatur natus quia eos voluptate dolor veritatis. Debitis excepturi nobis quas ut sunt neque.

Aut aperiam eos nulla consequuntur. Blanditiis dolor voluptas vel aliquid unde dolores nulla. Id et ab ut quod non modi.

Reiciendis qui doloribus alias. Officia soluta vitae quisquam minima id. Repellat rem nam dolores ut totam quisquam.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $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
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
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...”