How many rejections have you faced?
One of the worst things about the job application process is the impending failure and rejection.
In the past 2 years, I’ve interviewed with at least 20 different firms for a variety of roles, all leading to the same end result - a rejection by either getting ghosted by the recruiter or via a “thank you for interviewing with us” email template.
For 2 or 3 of those roles, I knew I wouldn’t even be in the bottom 20% - the recruiter just took a shot by considering my application. For a couple, I realized that the advertised role was not at all related to what the day-to-day would involve, so I backed out of those. For some, I wasn’t adequately prepared and I’d take the blame for botching those (why does every firm want the PERFECT candidate ugh). But the vast majority are the interviews “I believed” I did well in, but have no clue how I got rejected.
Does anyone else feel the same - that it’s just not their luck? I see my friends in Tech walking around with 3-4 job offers at the same time, while I’m getting ghosted by recruiter after recruiter.
Eager to hear everyone’s experience :)
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I've been rejected at varying stages for 200-250 roles after college. About 10-15 rejections after the interview stage and 1 offer.
Wrong place ^^
I've been rejected at varying stages for 200-250 roles after college. About 10-15 rejections after the interview stage and 1 offer.
Tech and quant are different beasts hiring-wise.
Tech is growing fast and can afford to hire much more people. So, much easier to get many offers at once. Quant is a much more saturated field, hiring is much more selective. So, even a qualified person might be rejected just because the demand is filled by people from higher percentile.
Hey I am curious what role are you currently in? Is lateraling as a S&T analyst that difficult?
I’m a quant on the algo desk. I love the markets and would like to stay within this domain, on the buyside tho.
It’s not difficult IMO. I think the bar is too high because of the kind of money, risk and impact involved.
Adding to my previous comment, I do not believe the bar is too high if you are persistent and creative. I spent years immersing myself in books, research papers, and voluntary collaboration with quants and other financial minds. Was eventually able to secure a good position as a run-of-the-mill college dropout, just based on work experience and self-education.
In the buy-side, I believe you have to be a risk-taker. If you can succeed as a quant on an algo desk, you have a decent chance of kicking ass in the buy-side. There is greater risk, but there is also greater glory. A free trader friend of mine once gave me similar words of encouragement, and that gave me the push needed to break into the industry in the first place.
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