First of all, if you have received an offer, congratulations! We hope you found our recruitment tips helpful. Or perhaps you're reading this not because you've received an offer, but because you hope to get one in the future. That's fine as well. Here are some tips on what to do when it does come through.
1. Read your offer letter carefully
Obvious, maybe - but this is really important. Your excitement at being accepted might lead you to disregard the small print. The offer contains a number of details that you must make sure are what you want. This will include your salary, start date, the exact nature of the position and terms of employment. By accepting an offer you are agreeing to all of these terms and conditions, and as in any other area of life, make sure you know what you're signing up to.
2. What to do if you have offers from two companies or more
Here's the main thing to bear in mind: no company is going to appreciate you trying to negotiate the offer you've been given. There are plenty of other graduates who would happily take your place, so don't play two companies off each other. Treat them both seriously, professionally and be respectful of the commitment they represent. So, how do you choose? Remind yourself of each company's strengths and weaknesses. Consider what it was like meeting the people on campus and ask yourself what it would be like to work with them. Will each program give you what you were looking for to begin with in terms of program content, business culture, networking opportunities, rotations and career development? Go back to your basic requirements and pit the two companies against each other on those.
3. An exploding offer
Simply put, this is the offer of a job with a short time limit within which you must respond otherwise the offer will be withdrawn. The idea is that the time period you are given to respond is too short for you to be able to attend interviews with other banks. It is an aggressive tactic and may not give you the time you need to consider the offer properly. If you really are not sure, talk to the bank, they may be reasonable in giving you an extension if you are straight with them. This is a very important decision, so make sure you understand the time constraint and give yourself the opportunity to consider the offer seriously; don't be rushed by an exploding offer.
4. Declining the offer
If you have decided to go with another offer it is imperative that you still contact the company that made the offer you are declining. Remember that you should never burn a bridge. It's a small world and this is especially true of banking. And it's important to understand there will be "hold" lists of other students who will receive offers if you decline. So, out of courtesy to the bank and to those other students, respond as soon as you are sure you have reached the right decision. Be respectful at all times, grateful that they showed an interest in you and regretful that you will not have the chance to work for them.
5. Reneging the offer - accepting the offer and then declining later
This is not advisable. Remember that if this is the industry you want to build a career in you will have to manage a great many personal contacts. Behavior like this will prove to be a hindrance to you in the long term. Quite apart from that, you would be displaying personal characteristics that are not attractive and show a lack of integrity and commitment. It wouldn't go down well in any industry.
Still not sure how to do the preparation? AskBestTop!
Reference: http://www.unofficialguidetobanking.com/recruitment-top-tips.php. Access date 22 Feb 2013.
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