The argument against accepting a counter offer

Doug Shade | E-Financial Careers

You have found a new job, and put in your resignation, but your manager tells you that you are important and a key asset to the firm and provides you with an excellent counter offer.  As a job seeker, having two job offers is definitely not a bad situation to be in, but what should you do now?

  • Stick to your guns:  First of all, do not accept the counter offer.  When you make a decision to resign your job, you should be prepared for the company to ask that you stay, which plays on your emotions.  It is important for job seekers to remain objective and put emotions aside; this is business, not personal.
  • What’s in it for them:  In addition to appreciating your work and contributions, your company needs to take on the task of finding and training your replacement. So while it’s flattering to get the positive attention and perks of a counter offer, remember you are leaving for many reasons and your departure is a bigger headache for the company than it is for you.
  • It’s hard to unring that bell:  Let them know you appreciate the thought, but you have made up your mind to move on.  When you allow the company to talk about your future possibilities after you resign, you will be leading them on. Counter offers rarely work for the employees or employers, so it’s best to show your appreciation, but kindly let your manager know your decision is final.
  • Watch out for the sexy offer:  While money used to be the go-to big counter offer, currently big high-profile projects are what companies are offering to keep people at their job.  Companies will go the extra step to find out what the job candidate wants for a project/job role, benefits such as working remote / flexible hours or leadership role / technology growth.  Individuals need to review these counteroffers objectively, look beyond the company which was not giving you what you wanted before you decided to leave, don’t fall for the emotional pressure or the ‘gift basket of goodies’.
  • Remember why you were looking in the first place:  Job seekers need to remember why they began the job search.  They need to ask themselves: “Why didn’t these offers come before I had a foot out the door?  What will change if I decide to stay?  Will these things come to fruition?  Are these empty promises?  Is it just a band-aid approach?  Is the company just buying itself time to figure something out?”
  • Are you going to be obligated to the company?: If a job seeker accepts the counter offer and forces a company’s hand, they may then question every time you take a day off or a vacation.  If you weren’t fulfilled by your job before, a new project or extra money is great (short term), but in the long-run, it is probably better to go with your gut feeling and take that new job.


Robin Judson & Kate Stoughton Berllineer |

As recruiters, we are already seeing candidates who have been laid off and are searching for their next role. The fact that these individuals were laid off does not detract from their work experience or the value that they bring. As you prepare for what’s next, make sure to focus on what you can contribute

... Read Article


Robin Judson & Kate Stoughton Berliner | Robin Judson Partners

If the possibility of getting laid off is keeping you up at night, here are some ways to get ready and ease your mind. Be prepared Dust off your resume. Even if layoffs are not an issue, we recommend keeping your resume up to date! Consider: Pro Tip: Treat your resume like a living document.

... Read Article

How PE Firms are Dealing with a Hybrid Work Environment

Keith Button | Merger & Acquisitions

Hybrid home-office work arrangements, the demands of a younger generation of up-and-coming executives and pressure to develop more diversity in leadership are all impacting the recruiting efforts of middle-market private equity firms. Read the full article by Keith Button

... Read Article

Now Is Not The Time To Accept A Counter Offer

Robin Judson |

Jack G. complained constantly that his fund did not pay him anywhere close to the value he produced. In his role as a Principal in XYZ Private Equity Fund, he had significant P&L attached to the portfolio companies he worked with, sat on two boards and a deal he originated was about to close. Two

... Read Article

Some Wall Street dealmakers are choosing WFH over big paydays, as return-to-office plans become key to recruiting

Samantha Stokes | Insider

Recruiters told Insider that some senior bankers at the managing-director level and above are saying they won’t consider new roles that are based in the office full-time. Samantha Lee/Business Insider Flexible-work policies are top of mind for many senior bankers, recruiters say. Candidates are turning down roles that don’t allow remote work at least sometimes. Some

... Read Article

Wall Street’s Hottest Commodity: College Grads With Excel Skills

Mary Biekert | Wall Street Journal

All across Wall Street, one price keeps going up: the one for young talent. Big banks can’t hire junior staff fast enough — not even at the new going rate of $100,000 a year. Chalk it up to the pandemic. Or the notoriously long hours. Or youthful realizations that maybe banking isn’t all it’s cracked

... Read Article

How To Handle Job Offers In The Post-Lockdown Economy

Robin Judson |

Many job searches during this post-lockdown period result in candidates receiving multiple offers. How to best handle the scenario.

... Read Article

A Guide To Interviewing From A Career Recruiter

Robin Judson | Robin Judson Partners

We believe we know interviewing because we have been in the financial recruiting business for over 25 years. This is our guide.

... Read Article