internal performance ratings
Does anyone know if employeers ask how you were ranked at your previous job? Is that common at all / would they ask for proof?
I know they might use it within an company if you are trying switch groups, etc. but how common is it for a potential employeer to ask this type of questions?
Thanks
anyone?>
Uh.. I don't know if they use a 'ranking system'.
But some common questions a potential hiring manager might ask an ex-employer
1) Is he reliable/punctual? 2) Trustworthy? 3) Greatest attributes 4) Greatest weaknesses 5) Notable events or occurences.
Do PE firms request performance reviews from banks? (Originally Posted: 02/19/2015)
If you are an analyst at an IB applying for PE positions, do the PE firms inquire about your performance at the IB? Or would mediocre analysts at IBs be able to snag positions at top PE's by being brilliant at interviews?
That's what reference checks are for. Doesn't matter if you're brilliant at interviews if you don't have good references. Your interviewer will ask references how you compared to others in your class.
To be fair though all references will typically say glowing things about you unless you are really underperforming. I'm pretty sure "top analyst" was thrown around in references for every analyst in my banking group
And if the firm has any connections to your group, they'll likely have vetted you already via back-channels.
They request it for consultants, so I'm assuming the same is true for bankers.
reference check is usually last step. you have to be really bad to get dinged because of your reference
Unless you've been a particularly dickish doucheturd to people, I'm pretty sure everyone in your banking group will give you a glowing reference. It's how the system works.
I see... so basically unless you do badly at your position, your performance at the bank doesn't matter for PE recruitment?
Pretty much. I mean, you need to be at least middle bucket, but that's not hard
How much weight will prospective employers put on your past performance? (Originally Posted: 04/28/2013)
I'm in my final year of undergrad (Finance & Economics) and I really enjoy trading and basically would like to make that my job, but I don't have the money to make a living off it so I need someone else's...
I would love to work at a HF but being realistic that is probably a reasonable distance down the road. I am applying to prop shops and asset management firms of varying description at the moment and was wondering how much/any emphasis I should put on my prior trading experience?
I started trading equities 3 yrs ago but I was getting killed on commissions with only $3k. At the start of last year I opened a CFD account and traded until about October with acceptable returns (had to cash out to pay bills - lesson learned). Mostly traded oil & equity indices, with only the occasional forex trade (think
So far all the prop shops I have talked to asked me if I trade and on what kind of account. They did not seem to make a big deal about it. They assume everyone who applies to become a trader does it in their free time.
Will Msc negate my poor performance in a MO role (Originally Posted: 07/17/2011)
I posted this in the IB forum but am posting here just to get more insights.
I am finishing up 2 yrs in MO at a BB in Asia and have recently got a bad review. Main issue was that I have gotten increasingly bored with this MO role and have thus been seen as demotivated by my boss.
Luckily I will be going to a top-notch Msc Finance in Europe this fall and will go through recruiting for FO roles. I am a little paranoid and am worried that this negative review might come to haunt me when I'm applying to jobs.
Do you guys think I am thinking too much? Will getting a Msc negate the poor reviews I got from the MO role?
Would appreciate your inputs. Thanks,
By the time you is done wit you MSC they be forgetting about that shit. Chill da phuck out holmes and enjoy Europe!
Which university, if you do not mind saying so?
Why would this matter? It's not like they're going to call up all of your old employers to ask about you. If you need to put down references, use someone who will say something good. It's not like you have a permanent record or anything, I know plenty of people who were laid off/didn't like their jobs and got something better.
Its going to be tough to get a FO because you already have a MO chip off your shoulder.
But the MS might help you to get into FO roles if you network well. But if you do a little digging you will see that some of these programmes mention that even with this degree, breaking into front office will still be difficult.
Why would having a MO position beforehand hurt you? If anything, you're competing with people who have no work experience. Your two years should put you ahead of them.
Poor performance reviews in a MO role but going to a top Masters in UK - am I screwed?? (Originally Posted: 07/16/2011)
OK to let you guys know a little about me: - top 50 state school undergrad - bs accounting - 2 yrs at a MO role at a major bank (think GS, JPM, MS) - heading to a top Masters in Finance program in the UK (think Oxbridge, LSE, Imperial)
When I was an undergrad, I was really interested in getting an IB/Equity Research/Asset Management job, but given that I was at a non-target plus the fact that my job search took place during the worst part of the crisis (late 2008), I was unable to obtain such a position for FT. Also, because I chose to study abroad for a full year during my junior yr, I didn't have a chance to do any major FO internships for my summer prior to my final yr (although I did an internship as an investment analyst at a boutique IR/Corporate Governance consulting firm during my sophomore yr).
I was offered a MO finance role at a top BB in its HK office instead and chose this opportunity, pretty much for the firm name and decent pay. For the first few months on the job, I was very positive and energetic since everything was new and it felt good working for this BB; I got pretty good marks for my first performance review.
However, after a few months on the job, I started to feel the mundane, boring nature of the job getting to me, and my attitude towards work started going downhill. My direct associate changed, and the replacement was complete crap (extremely incompetent for someone that has been doing the same job for 10 yrs), and this further added on to the negativity. Finally, unlike FO, we barely receive a bonus in MO, so there was no monetary incentive for me to do above and beyond the call of duty. As a result, my marks were poor for my second performance review.
After a yr into the job, I lost complete motivation from doing such a mundane job, in which I couldn't see a future in, so I decided to apply for Msc Finance programs, and luckily, was able to get into a few top notch schools. At this point, knowing that I clinched a position at a top program, my lack of motivation to perform well on the job continued on and pretty much did only the bare minimum required of me. Taking initiative and doing more than what is required has been pretty much impossible for me to do, knowing that I have better things down the line, and hence my mid yr review that took place recently was complete shit. The only reason I choose to continue to work is to save up some cash (UK is expensive).
When I start my MSc this fall, I want to apply for internships/full time positions for FO roles. Do you guys think there is a possibility that my past reviews will come to haunt me during recuiting season (going from Asia to UK, but the financial industry could be a small world)? Should I try to work as hard as I can until September or is it ok to slack? Please give me your thoughts.
I don't think they will find it out. Maybe, you can have this kind of problem only if you apply to your current bank cause it is not that hard for London HRs to contact HK HRs.
I think the only think you should worry about is to find a good story to tell about your career switch.
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