"But this year it seems like the seal is broken, and we've seen major companies delivering internship and full-time offers with 2 week (and less) hard deadlines. Other companies now routinely deliver expiring bonus offers for signing early. Many of these offers circumvent or outright break the guidelines set down by schools, and if past matching markets are a model for this one, next year will come with even earlier offers and worse conditions."
Will you name the companies, and give further specifics? Otherwise it's hard to tell what really has changed.
I'd say this is not new, nor unique to tech. Finance, consulting et. al have been dealing with this for years - both with new grad offers, and with banking/consulting to PE/HF offers (often analysts have their next job within 6mo of starting their first job).
From personal experience, I can say that Google was only willing to extend an internship offer a week past their initial two week deadline. This is despite the fact that I was still interviewing with other companies at the time. From speaking with my university's career center I am not the only person this happened to.
Interesting. From "Work Rules" by Google's head of People Analytics. "I think they [exploding offers] put a lot of unfair pressure on the candidate, who should be free to make the best decision for herself without duress. After all, companies have lots of employees, but each person holds only one job. It should be one they are sure of."
Same with Amazon for the most part.
Returning internships are only allowed 2 weeks.
Full time offers after internships are given 2 weeks, but you can ask for an extension which does last a couple months. However, you're given a questionnaire on the type of team you want to be on and the longer you wait to accept your offer, the lower on the queue you will be for getting the team you want.
It really depends on how much they want you, and how you negotiate. I recently changed jobs. I ended up getting multiple offers, and for all but 1 of them, they were willing to wait 3 weeks for me to make a decision. I was very upfront about that if they were not, I wasn't interested in them, however.
I'm not a new grad, but when I last switched jobs, I had to negotiate very aggressively to even get two weeks to consider other offers that might roll in before I had to make my choice. This was between a number of companies in the Seattle area, both big and small. I'm glad I negotiated to, because I got an offer that was >10% higher than my second best offer, and it came in about six days after the first (of four) offers I got.
I think the problem is that corporations value certainty as much as developers do, so they pressure people to make their choice now, so they can send rejection letters to other candidates, get the ball rolling on HR papework, etc. as soon as possible. For example, let's say an employer interviews 5 candidates, 1 per day, Monday through Friday. They conclude that their best candidate was Mrs. Friday, the second best was Mr. Wednesday, and so on. If they give Mrs. Friday a week to decide, and she rejects them, they might find that Mr. Wednesday has also accepted an offer in the meantime, and so is off the market as well.
That's why employers pressure you accept (or reject) them as soon as possible. They want to know whether you're going to accept or reject, so that they can move on to their next choice, before their next choice disappears as well. It's a way for the employer to minimize the opportunity cost of extending you an offer.
Will you name the companies, and give further specifics? Otherwise it's hard to tell what really has changed.
I'd say this is not new, nor unique to tech. Finance, consulting et. al have been dealing with this for years - both with new grad offers, and with banking/consulting to PE/HF offers (often analysts have their next job within 6mo of starting their first job).