Do Banks Normally Send out Rejections before Offers?

Hey guys I interviewed with a few BB and MM banks and from some I am hearing that others that got interviewed had already received their rejection emails. I have not heard back from said banks. Is this normal? Or have I somehow got lost in the shuffle?

Thanks for help.

18 Comments
 

Follow up with the folks you interviewed with. In my experience, rejection letters go out after offers are dealt with in case any that receive offers don't accept them.

 

Depends. For associate recruiting, offers and rejections are given out at the same time. HR calls rejections while recruiting captains call offers.

 

I would guess that certain people are kept on "hold" and not told anything in case people don't accept offers.

MM IB -> Corporate Development -> Strategic Finance
 

Most will send out rejections when the position is officially closed in the HR database. aka, when the position is filled.

Array
 
Best Response

Don't expect to get a rejection email. I didn't get one from the majority of the firms I sought SA positions with, and I don't mean to say that I got the offers!

The way it played out for me and my friends who shared the details with me honestly was:

interview --> email --> interview --> email

The process died (and a rejection was assumed) when the chain broke. In my experience, it looked like this:

"Dear sg.andersen,

It was great to meet you yesterday. We will be conducting another round of interviews following a superday in the next weeks. I will send you the dates/times as soon as they are determined."

I would then reply, and if, after following up once or twice more, I didn't hear back, I assumed the process was over with that group.

I received only two definite rejection messages. One was an automated message full of disclaimers that was sent in a timely manner, the other was a very open explanation of what the firm looks for, but I didn't receive it until the following September!

 

If it's OCR I believe some schools mandate firms to send a rejection email within 2 weeks after your first round on-campus interview. If it's not OCR generally you'll get an a rejection email in March/April well after the interview process is over. In lots of cases you'll never receive a rejection email.

 

From my experience, companies usually contact you within hours if not a few days to let you know if they want you for the next round. If they haven't, it usually means you've been rejected for the next round.

However, this is just my experience, and it's for internships. I don't know if its the same for full-time.

 

You'll know usually within 2-3 days if you moved onto the next round or not. If this is OCR, then they'll send a rejection email at some point

 

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