Offers

Analyst offers at major banks have standardized compensation, so base salary and bonus are generally non-negotiable. However, you can sometimes negotiate start date, signing bonus, or group placement. Competing offers from peer banks provide the most leverage.

Exploding offers have tight deadlines, sometimes 24-72 hours. If you are waiting on other processes, communicate honestly with the offering bank and ask for a reasonable extension. Simultaneously, inform other banks you have a deadline to potentially accelerate their process.

It depends on your situation and timeline. If the offer is from a strong bank and aligns with your goals, accepting is often the right move. If you have active processes at preferred banks, request an extension and move quickly to see those through.

Competing offers are powerful. They demonstrate your marketability, give you negotiating leverage for group placement or location, and can accelerate other banks timelines. Always be honest about competing offers and handle the situation professionally.

Evaluate the bank platform and reputation, group culture and deal flow, exit opportunities, location, and how the role fits your long-term career goals. Speak with current analysts in the group before making a final decision.