Exploding Offers in Finance (Recruiting on Tight Deadlines)

[@PeakFrameworks]

Yo, the first 1,000 people to use the link will get a free trial of Skillshare Premium Membership: skl.sh/peakframeworks01211

[@2Wettt]

Can you do a video on what makes a top candidate or how to become one

[@hugosrborges]

Tks a lot for the video man. I got an exploding offer for a M&A boutique some weeks ago and I accepted it a few days after it, refusing another one and taking off my applications for other firms straight away. Big mistake, after a week they “declined” my offer without further explanations and letting me totally hands free. (If anyone has any advice on what should I do in this case, I’ll be more than happy to receive it)

[@PeakFrameworks]

That's really awful, definitely captures what's so wrong with the finance industry. If they're willing to rescind and ghost a candidate though, it's probably not a place you'll want to work. It's also a lesson that you shouldn't revoke applications / refuse interviews until you've signed a contract or have some legal agreement in place. At least you have the confidence that you can get an offer though.

[@foodbyjaner]

Wish I could have watched this video before navigating exploding offers! Super helpful.

[@nikitachunitskiy8006]

What would happen if you accept an offer but a better one comes along and you want to withdraw from that first offer.

[@PeakFrameworks]

I wouldn't renege while in school because word travels really fast and reputation matters. In the real world, I think you can get away with reneging. Everyone has their own moral code though.

[@KW-rb4vf]

Could you do a video about which universities and degrees in US/Europe are best for a career in finance?

[@PeakFrameworks]

We have a video for US uploaded (investment banking target school list). Europe is harder to do because I didn't work there and because GDPR rules prevent us from scraping as accurate of data.

[@SacredAces]

Hey Matt, loving the KZbin content and blog posts! Was wondering if you offer one-on-one consulting sessions for say 30 mins or an hour?

[@PeakFrameworks]

You can e-mail me at [e-mail]. I'm taking a break from coaching but we have someone with tech PE experience on staff.

[@smajerboy25]

Can you make a video about extracurriculars and jobs to do to make yourself a more desirable candidate? Maybe also things to help get into business school. Thanks!

[@PeakFrameworks]

Sounds good!

[@JordaanFPS]

this happened to me. kind’ve sad but it’s whatever. probably won’t stay with them full time but we’ll see how this summer goes in the city

[@JordaanFPS]

to be clear I got the offer at the beginning of recruiting this year. I had 2 days to accept

[@PeakFrameworks]

Yeah that's how it goes sometimes. It's still great to get an offer though and if it's only the summer you can still recruit full time!

[@JoonChung-f5o]

Hey loving your video, can you make video about off-cycle intern? Off-cycle intern is comparitively less known than on-cycle process. It would be lovely if you give information about how to get or what it's like in off-cycle intern. THANKS

[@PeakFrameworks]

We actually have a video about off-cycle recruiting in the pipeline! I was going to wait for PE recruiting to kick off before posting it, but who knows when that will be...

[@1-person-startup]

Why did you decide to quit PE?

[@PeakFrameworks]

Wanted to do my own thing! I would say half of the people who do PE stay, but many end up doing other things after.

[@oluwadurotimiadebiyi3223]

can you do a step by step for sophomores to ib

[@PeakFrameworks]

Sure. Generally though... join the best finance club at your school, have a 3.7+ and get a finance internship in your sophomore year summer.

[@annajones9701]

Is there anyway getting into VC without investment banking. Brother is 3 years I. investment Banking and hates it - repetitive tapping away in excel and looking at screens all day. Any other routes to VC?

[@PeakFrameworks]

It's actually probably easier coming from a technical standpoint... motivated engineers and product managers do well. For non-technical, banking is probably easiest. Consulting does well too. Successful entrepreneurs probably do the best overall.

[@annajones9701]

@@PeakFrameworks how about mathematics degree with minor in finance?

[@coreyschramm5390]

Hey, great video, I want to pick your brain a little and see where I rank among other candidates in finance. So currently I am a freshman (18yrs old) at Indiana university (IU) Kelley, double major in finance and business management potentially along with a minor in data science. Gpa is between a 3.7 - 3.9, will likely become a Kelley Honors Student, and involved with two finance clubs with the possibility of having a leadership position in one. Eagle Scout, and working towards a Congressional gold medal, along with an array of leadership positions in other various clubs. If you need more info I can give it to you, but can you give me an idea of where I would rank and any advice how I can improve my chance of getting into finance (not sure if I want to go into IB or sales and trading) longer term want to go hedge fund route. Looking at working in Chicago or NYC, for Goldman, JPM or Morgan Stanley.

[@PeakFrameworks]

Lock down the leadership position at the finance club and keep a 3.7+ and you should be in pretty good shape. Kelley is reasonably good. You'll probably need to be a top 20 candidate at your school. You should keep Lazard on your radar too, Kelley sends a ton of people there.

[@maxleigh781]

What should you do it your not top choice for a company. Like what should a avarge person do if there looking at a biggish firm.