Why do MM banks take forever to respond

So I came out empty-handed from FT BB recruiting. I've interviewed with a handful of MM and smaller boutique banks, and they take forever to get back to me. A couple places took 2-3 weeks to call me back after a first round interview and I still haven't heard from some final round interviews. Am I being put on hold while they interview other candidates or do smaller banks just have a thinner HR staff? Anyone actually hear some good news after waiting a few weeks?

6 Comments
 
Best Response

Smaller companies often take a little longer because they have smaller HR departments. In addition, they may have extended offers to other candidates who have not accepted yet if they're still looking for better opportunities. So if it has been several weeks, you might be on waitlist. Don't lose hope until they actually reject you though. Good luck man.

 

Sit consequuntur dolor voluptatem dolorem qui est aut. Ad qui commodi consequuntur ratione.

Quia iure mollitia nam qui. Iusto quia perspiciatis nostrum iste dolore. Sit suscipit praesentium deserunt in iusto.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”