Multiple job offers are on the increase in some sectors as the market continues to pick up. And it’s less experienced bankers who are benefitting.
“In most cases the multiple offers are coming to more junior candidates, as they are more affordable for the companies and it’s easier to get budget approvals for them,” says Iwona Bancerek, senior consultant at recruitment firm CDS.
One area in particular where Bancerek says candidates are receiving more than one job offer is M&A.
“As there are still quite a few active job seekers. For example in the M&A sector these candidates are often applying for (and receiving offers from) several roles at the same time: for example, Big Four, investment banks, and in-house roles,” she adds.
But multiple job offers aren’t being seen everywhere. Toni Kitchaixankul, senior consultant at recruitment firm Legal Futures, says the majority of candidates in her field of specialty, legal and compliance, are only receiving single offers. She says her colleagues covering IT are experiencing a similar one-on-one trend.
For those getting multiple offers, however, there is one obvious challenge: which offer to take up?
Bancerek’s advice is that candidates should weigh up each offer by the responsibilities, exposure to senior management and promotion opportunities, as well as the monetary benefits and brand strength of the potential employer.
“Fit to the team is very important and oftentimes candidates accept lower paid roles if the team and responsibilities are a good match,” says Bancerek.