"On Hold" success stories?
I was recently put on hold at a BB. Just wondering if anyone's been given a offer after being put on hold. And how long you were on hold for?
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One of my friends was just put on hold at a BB two days ago. I'd be interested to hear how about this as well
Well when I went through full time recruiting in the fall of '07. I was on hold with two firms. I got dinged from one and got an offer from the other. In both cases, they were waiting for summer interns to either accept or decline offers.
How long was the wait?
How long was the wait? did you follow up with your interviewers or the HR?
Would like to hear what the typical wait time is too.....I'm on hold for a BB and terrified I'm going to get dinged after waiting for so long. =(
Well the firm I got an offer from I waited 2-3 weeks. The one I got dinged from I waited 5-6 weeks, basically until the end of the recruiting period. Guess the SA couldn't find anything better and just decided to accept the offer. I was told by HR at both firms that they were waiting to hear back from SA and that there was no point to following up. I emailed a couple of alums at both firms to reiterate my interest, but they basically told me the same thing that HR did, and that there was nothing they can do to speed up my process. I would definitely figure out what the situation is before deciding how aggressively you want to following up.
I know waiting sucks, but the important thing is to keep your head up and keep interviewing.
The MD that I was talking to told me that he would try to push for me, but I guess its not going to do much.
I interviewed for the SA position pretty early in the process, so is it possible that they're not waiting for people to decline to offers, but instead trying to see more candidates?
That sort of thing happened to me. I got in before the first super day, and was just pulled along for over a month. Getting called to ask follow-up questions like "Where else are you interviewing" and "Have you made any plans yet for the summer." This sort of thing happens a lot, but it's not the norm.
I was placed on hold late last October at a BB for a FT position after what I think was the 4th Superday, if I remember correctly. Got the "on hold" call the Thursday after the Saturday interview; was told by HR they couldn't offer me at position at this point and it could be anywhere up to a month or more before they would know if a spot opened up. In the middle of the next week, I got a call from a director who was "excited to give me an offer" and congratulated me over the phone. After calming down a bit, I started some more small talk with him and joked that I had sorta given up hope on the bank after being placed on hold. He kind of laughed it off and said that they just "needed to figure out their numbers" before giving me the offer. The way he said it and the whole timing of the situation gave me the impression that I wasn't given an offer because someone ahead of me had declined, but that the group was still figuring out how many total offers they were able to give this year. Does anyone have any perspective on whether groups (for FT of SA) have a target or set number of offers to give out each year? And whether there's wiggle room (either up or down) in case too many/not enough quality candidates make it to final rounds?
Been on hold (FT at BB) since Dec of last year. An MD told me last week they're still evaluating whether they will be hiring into the group... at this point in time, I'm assuming the truth is in fact that they're waiting on people to accept/decline their offers, which he chose not to tell me. Wouldn't all the accepted candidates be expected to have responded to their offers by now?
I am on hold as well. I was told by the HR that they are still recruiting at several schools and they are waiting for candidates to accept/decline their offers.
Dinged. After 6 weeks. Sigh
I was on hold for a SA position for 5 weeks, just got off it, just hang on...
On Hold Chances (Originally Posted: 02/27/2008)
I was just put on hold at a firm for their SA position. What are the chances of someone being on hold at getting the offer? How many ppl have to decline the offer for someone on hold to get one? Thanks.
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Grinder86, where are you put on hold at? I am on hold with Goldman. They started considering me for FICC after putting me on hold for IBD.
I was put on hold by goldman like 3 months ago and they never got back to me even after email inquiries. I imagine it has to do with the tough economy, which puts me at the bottom of their priority list (non-target). Good luck.
if I go to a non-target, am I automatically put on the bottom of the "on hold" list? I would assume it goes by who did the best in their interviews and the interviewers and recruiters rank the candidates in that order.
I just got put on hold with Goldman for their SA position. I'm kind of pissed. However, I did notify Goldman PWM about my first round interview with Goldman Operations. I think Goldman PWM, might be waiting to see what happens with my Goldman Operations first-round interview (which I likely made it to the superday).
I just have to hope for the best.
I think it varies by firm, but in going through the process, if you make it to final rounds, your school would not hold you back from getting an offer. In cases where the bank wants to maintain relations with a certain school, they will give an offer to a comparable candidate.
I was interviewing at pretty strong boutique, and my contact there was pretty blunt, even though I had reached final rounds, saying that they could bring on a guy like me from a non-target, at a cost of missing out on a Harvard/Wharton guy and future relations with the school. Boutique was pretty small, but I can understand from their end the benefits of sticking with target schools.
That said, if you really f*ing impress them in an interview, nothing like this should hold you back.
Two factors:
1) Reputation of the firm. Usually being "on hold" means they are waiting to see if another candidate accepts their offer. If it's Goldman or another great firm, your chances are much smaller, since the other candidate will likely accept.
2) How many other candidates they interview after you. The longer you're on hold, the less likely. They will be less likely to remember you and more likely to remember the most recent candidates. It's always best to be the last person they interview (i.e. last superday) UNLESS you are a superstar, in my opinion.
1) reputation: the firm isn't GS or MS...it is a BB but it is one that took rather large writedowns.
2) I was at the last superday, so no more candidates are being interviewed after me. The recruiter also said I was in a good position so I hope that means I'm higher up on the waitlist.
I think I'm on hold -- I havent heard back after my super day and its a week, and other people from my target school have gotten offers.
I haven't heard anything from HR. Should I send them an email asking whats up and reiterating my interest in the firm and position? Or should I just wait it out and do nothing?
At least I havent been rejected yet... But waiting around as a maybe is soo annoying!
On Hold Chances at BB (PWM Analyst) - Odds of receiving an offer (Originally Posted: 11/09/2011)
I've been put on hold by a BB for a FT analyst position in PWM. What are the odds of typically receiving an offer? Also, when will I likely hear by?
bump
On Hold Chances at BB (PWM Analyst) - When will I hear back? (Originally Posted: 11/09/2011)
I've been put on hold by a BB for a FT analyst position in PWM. What are the odds of typically receiving an offer? Also, when will I likely hear by?
bump
On Hold - Chances Of Getting Offer? (Originally Posted: 10/29/2012)
Hey guys,
Sorry to beat a dead horse, but I am on hold at two places and was wondering what the chances of getting off the waitlist are?
For anyone who has experience in the hiring process, how many people do they usually put on hold if they were going to hire four new analysts?
How long are people who are given offers usually given to decide (two weeks, three weeks, a month, etc.)?
Anything else I can do at this point except wait?
Thanks in advance for any help as I appreciate it and am just trying to gauge what my chances are here.
In my experience I always found out about 1 or 2 others that were also on hold. Usually they don't tell you where you rank in terms of being a back-up, or that you aren't the only one, but just gotta hope you're 2nd and that someone doesn't accept. Usually it's like a week to 10 days in normal recruiting cycle to get back with an answer.
Not really a whole lot you can do. Maybe find out who got the offer and talk him out of accepting haha.
Good luck.
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