Been a while since I’ve posted… It’s a bit shocking to think that we’re already 12 weeks through a 16 week semester (75%!). While we’ve definitely had a busy semester so far, it seems like the intensity comes in waves. If you were to plot my “mindshare” on a weekly basis so far, I think it would look something like this:
The takeaway here: I hope to have some more time to post over the next couple of weeks until exams and the holiday travels drag me away.
The most important bit of news to share is that I finally accepted a full-time job offer this past week! I’m headed back to the consulting firm I worked for during my summer internship. Given the amount of time and stress I devoted to the recruiting process this year, it’s ironic that I’m accepting an offer that was on the table back in early August. In retrospect, it shouldn’t have been a tough decision. I had a fantastic experience over the summer, built a lot of strong relationships, and (I think) established a solid reputation within the office. I really hope I haven’t sacrificed all of that goodwill by exploring other options over the last few months.
It’s tricky to know how best to handle this. HBS’ policies are both a blessing and a curse. They require firms to keep their offers open until this weekend:
“Second year class of 2010 students may not be required to accept offers before 1/15/10, or 3 weeks after the offer is made, whichever date is later. Full-time offers to previous employees and/or summer interns must be held open until at least 11/16/09. It is permissible to offer incentives to students who accept a full-time position in advance of these dates. The base offer (including base salary, base signing bonus, performance bonuses and job function) must remain open until the decision date.”
I think it may have been even later (Dec or Jan) in years past, but the power balance has shifted solidly to the recruiter’s camp in this dire economic climate. The policy is great in that it gives us the chance to explore other options… BUT, only within the bounds of firms that recruit on-campus during recruiting week. The 50-60% of jobs that arrive after the 11/16 deadline are outside this process… and tend to include many of the more interesting possibilities (VC/PE, start-ups, etc…)
I hope I’ve made the right choice here. When I stop to think about it, it’s kind of amazing that I’ve signed a contract that doesn’t even have a start date until 1 year from today…! Part of me thinks that’s a bit insane. I can barely make firm travel commitments a few months in advance. For the firms that require you to do this (consulting + i-banks), it’s really quite a good deal. You’re able to remove candidates from the job market during what’s likely the most attractive period of their lives — all without paying a dime. Now, that’s a *good* contract!
Maybe I’m just feeling a bit fatalistic now that I’ve (basically) locked-in the end result of two years at HBS… and while it’s a great option, it doesn’t involve a risky turnaround, stock options, the c-suite, or private jets. (So much for everything I’ve learned here…!)
Or maybe it’s just typical melancholy from a rainy, rainy Saturday morning: