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rejection
 

What a great feeling!

Ambani's picture
Ambani
      IB
 
(Neanderthal, 2,770
 
Points)
 on 3/19/13 at 10:45am

Thank you for sending us your application for our investment banking summer internship program.

We have finalized our selection process and reviewed your application. However, we have chosen another candidate for the summer position. The internship program received an overwhelming number of applications in a very competitive year.

Best wishes in your career pursuits.

Sincerely,

  • 9
     

Ok?

pphi's picture
pphi
     
 
(Senior Monkey, 85
 
Points)
 on 2/15/13 at 1:31am

OK? And now?

  • 12
     

Is this rejection?

CattieCat's picture
CattieCat
     
 
(Monkey, 30
 
Points)
 on 2/1/13 at 12:22am

When an employer responds to your follow up email with a, "best of luck in your interview process", does that basically mean you were rejected?

  • 10
     

‘Tis the Season for Rejections

Mr. X's picture
Mr. X
      CF
 
(Senior Monkey, 68
 
Points)
 on 12/13/12 at 10:15pm
Rejected.jpg

You walk out of your superday feeling pretty good about your performance. You start recounting all of the questions you were asked and your amazing responses to said questions. “I nailed this one”, you tell yourself. You reward yourself with a latte from the neighborhood Starbucks and think to yourself, “I’ll probably be stopping here a lot more”.

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  •  
  • 27
     

Getting dinged by HR but got contact inside

Eurodealer's picture
Eurodealer
     
 
(Baboon, 111
 
Points)
 on 10/9/12 at 6:38am

Hey, found myself in a bit of a pickle.. I applied to a portfolio management role and I'm worried about getting dinged by the HR before they pass on my CV to my contact (MD) inside the firm. I told my contact before applying and he welcomed my application but did not tell me to call up or email him after applying. I should be waiting for the HR to call me next week or the week after should they invite me for another round.

How should I go on? I'm not best buddies with the MD and I am not expecting him to help me skip through all the way to final rounds, but I guess he would def bump me into HR tests etc.

Thanks in advance.

  • 2
     

When will I hear back after my finance job interview?

Please try to stay calm. The interview is over so there is nothing you can do besides sending the standard thank you e-mails.

Depending on the number of positions available, anywhere from 20-80% of the super day interviewees may receive offers later that day. Other strong candidates may be put on hold in case some of the people who were extended offers end up choosing to go a different route. The timing, however, is really bank-specific. While most BBs contact you fairly quickly (one to two days), a smaller bank or private equity fund may take over a week to get organized and have other candidates come in before making a final decision.

  •  

Outlook on offer, PE

mgianfra's picture
mgianfra
     
 
(Chimp, 12
 
Points)
 on 4/10/12 at 11:38pm

I had a final interview at a PE firm for a financial analyst position exactly two weeks ago. Two days after the interview I was contacted and it was requested that I provide my official academic transcript and two references. The following Wednesday (one week ago) I was again contacted saying my resume was received the previous evening. This past Friday my second reference contacted me saying that he was called that day. I was expecting to get a decision by today, but haven't. I do not know if this is because they have chosen me but are dealing with HR bs and delays from the holiday, they are trying to decide between me and other candidates, or because they are waiting for others to reject their offers (meaning that I'm an alternate).

  •  
  •  

Generally, would a strong incoming analyst still get rejected by a few banks admist all his offers?

orangebull's picture
orangebull
     
 
(Senior Baboon, 201
 
Points)
 on 3/24/12 at 1:46pm

Suppose you have a guy applying for a full-time who is probably in the 90% of applicants.

And say he applied at not every bank, but absolutely at a wide variety of them.

It's hard to predict, but for argument's sake, do you think he could get an offer from every employer, or is that impossible?

  • 6
     

McKinsey Keep In Touch Letter...Does it Mean Anything?

Al Bundy's picture
Al Bundy
      ER
 
(Senior Orangutan, 491
 
Points)
 on 12/6/11 at 11:44pm

Hi guys,

I applied to McKinsey FT online and obviously got rejected, however, I got an email about a month ago saying that they wanted to keep in touch with me and that I just needed to fill out a form. I thought, "why not" and went ahead with it and earlier today, I got some random materials claiming that they wanted to offer me "insights into McKinsey's leadership" and stuff like that. I was just wondering if this actually means that I might have been close to getting an interview or if it's nothing too important.

Thanks

  • 8
     

Responding to a rejection email at a Boutique

mattonline's picture
mattonline
      IB
 
(Monkey, 32
 
Points)
 on 11/15/11 at 7:44am

Hello,

Just received a rejection email for a MM Boutique, just going over the reasons why I got rejected, they said they are not looking for any interns at the moment, I did (break one of your rules) and say I would intern for free – slightly frustrated with the lack of responses from other banks, but they got back to me straight away and one of the partners i emailed referred me to one of the other partners in the firm (so he may like what I sent)

Just thinking what I could possibly respond saying…

Is it worth asking what time of year they are looking for interns?
If no reply do you recommend emailing them in a month or so asking again?
Would you suggest emailing them asking if they know any MM firms in the area that maybe hiring interns?

  •  
  • 5
     

Do banks always notify students of their decisions?

thejoker's picture
thejoker
     
 
(Baboon, 109
 
Points)
 on 10/11/11 at 4:10pm

I had a couple of first-round interviews on campus last week with two BBs and two boutiques. One BB sent me a rejection email the following day, but I still haven't heard back from the others... When I was interviewing for SA positions, I heard back right away about Superdays. I also sent emails thanking them after the interviews but didn't get responses from them :(

  • 7
     

Interview Advice - Struggling to Land the Offer

Banksta11's picture
Banksta11
     
 
(Chimp, 10
 
Points)
 on 3/9/11 at 10:55pm

So I've had a slew of interviews the last few months- about 20 first rounds and 5 superdays for summer analyst positions at Investment Banks but I'm yet to land an offer... it's become somewhat demoralizing and I'm starting to have thoughts that maybe I'm not cut out for it or they see something in me I'm not aware is holding me back. The worst part is in recent interviews I've been questioned about who I've interviewed with already and I get the feeling they think I'm damaged goods somehow..

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  • 4
     

Wow, Apparently I Got Rejected Purely Based on Chance

Anal Analyst's picture
Anal Analyst
     
 
(Baboon, 171
 
Points)
 on 2/9/11 at 7:13pm

So basically, I had a phone interview with a F500 company last week and I thought I nailed it. I was so confident after that interview that I would get a second round, but then I got a rejection letter from the person who interviewed me. When I called HR to see what went wrong, they literally told me that I was very good, but because it was so close between a few applicants (aside from a few do not wants), it was basically a pick and choose game and I unfortunately got shafted. Wtf?! Does this seriously happen regularly or am I just extremely unlucky in this scenario? I'm seriously raging right now! Is it even possible to prevent this kind of stuff or is this where the networking/luck part comes into play?

  • 26
     

15 first rounds, 3 superdays, 0 offers-- what now?

Banksta11's picture
Banksta11
     
 
(Chimp, 10
 
Points)
 on 2/7/11 at 10:46pm

SA Recruiting at my school is finishing up, I've got no offers and need to regroup. I had 15 first round interviews, about half BBs and half boutiques.

My resume is solid (3.85 GPA, 800/740/700 SAT, HF internship, Big 4 experience, Case comps, etc.) but somehow i've really been screwing up interviews...

I feel confident that I've nailed the technicals, but I think i've struggled when it comes to selling myself / my attitude / telling my story? I'm not sure what I need to focus on improving before the next go-round; has anyone had a similar experience or any advice to offer? I just emailed some of the recruiters that I felt like I connected with for feedback but no response yet.

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  • 14
     

I keep getting rejected from Goldman Sachs. Please help me.

ToughStreet's picture
ToughStreet
     
 
(Senior Monkey, 68
 
Points)
 on 1/11/11 at 4:14pm

This is very discouraging. Im a sophomore and so far I've had two interviews there. Both ended in rejections. First interview went okay. Second interview I thought I nailed it and had it locked in. I know Im only a sophomore but if they don't like me now, will they ever?

  • 42
     

Recruiting Question

monkeysama's picture
monkeysama
      O
 
(King Kong, 1,622
 
Points)
 on 1/7/11 at 5:28pm

Just got done with an hour phone interview. Recruiter says, "Well we were really looking for someone with 5 years experience doing something completely unrelated to what you do. Sorry about that!" and that's the end. Thing is, they had my resume. They can see what I did or did not do. I've been agonizing over this interview for a week and I'm a little pissed. And it's happened before! If someone doesn't want to interview me, fine, I get it. But why are they doing this to me?

Any help WSO?

  • 9
     

rejection etiquette

thecluelessone's picture
thecluelessone
     
 
(Senior Chimp, 20
 
Points)
 on 1/6/11 at 11:51pm

Say you send an email to a person in HR inquiring about the status of your application, and they respond informing you that you've been rejected. Should you send one last email thanking them for their response? Bit of a silly question, lol, but I was just curious.

  • 10
     

Officially Rejected From Every Boutique I Cold-Called...Help!

Al Bundy's picture
Al Bundy
      ER
 
(Senior Orangutan, 491
 
Points)
 on 11/20/10 at 9:22pm

Well, I've officially been rejected from all 10 boutiques I cold called (I don't know anyone there) and while I've tossed apps at a few middle markets and BBs (Asian offices), I really don't think those will work out either. What should I do now? Those regional boutiques were basically my only shot because I go to a non-target in a non-finance area of the country, where there's only like 7 half-decent regional boutiques. To make things worse, nobody in my immediate family that will help me out is in i-banking and same with any close friends, meaning my network is non-existent. I've also tried contacting alumns at my school for "i-banking advice", but they all have ignored me (and there weren't that many to begin with). What should I do now?

  • 19
     

rejection but still future potential

Breakerbreaker19's picture
Breakerbreaker19
      IB
 
(Monkey, 61
 
Points)
 on 8/6/10 at 4:29pm

hi guys......i went through many rounds with one particular firm (3 different phone interviews, lunch interview in ny, and full-day interview in boston).......after all of the rounds i just got a call saying that the other applicants were stronger so they werent able to select me.....they asked me to try to get a position at a larger firm, gain experience and then try to touch base after one year......my question is when they tell you to contact them after one year of additional experience, are they just trying to be nice or does it mean that i did well and that there were higher qualified candidates and so i should actually try to apply there next year

  • 7
     

SA rejection/FT application next year

yankees1's picture
yankees1
      IB
 
(Senior Chimp, 20
 
Points)
 on 2/3/10 at 7:06pm

If you do not make it past the first rounds (phone interview) for a SA spot, does it negatively affect your chances of applying for a FT spot next year?

  • 4
     

Is There ANY advantage to being an accountant instead of an Investment Banker/Consultant

george_costanza's picture
george_costanza
      CF
 
(Baboon, 105
 
Points)
 on 2/3/10 at 2:28pm
banker.JPG

So, I didn't end up getting anything with a BB or consulting firm and it looking more and more like I'm probably doomed to be an accountant (at least for a bit until I can transition from an MBA), so I was wondering, is there really any benefit to being an accountant vs investment banker?

The only thing I can think of is that accountants can work anywhere, while bankers are mostly stuck in NYC, Houston, Chicago, San Fran and maybe Boston/LA. Other than that, they may work slightly less hours (than bankers, probably same as consultants), but its not enough to justify the lack of pay from not getting a nice bonus and exit opps aren't that great either. So yeah, anyone want to help me rationalize my failure a bit xD.

Btw, my goal is to be a officer at a F500 (so I guess I'm more consulting than banking), which I hear you can do from accounting, but consulting seems a helluva lot more fun and less mind-numbing than being an accountant.

  • 28
     

Apply for SA if graduate fails?

Flopsythebunny's picture
Flopsythebunny
      O
 
(Chimp, 9
 
Points)
 on 1/18/10 at 8:26am

I was under the impression that if banks rejected you for a graduate role, there wasn't much point in applying for a summer role.

However, a top-few just carried forward my (rejected last November) graduate application to a summer internship application in two different divisions for two different regions.

Should I assume that banks are very happy to consider graduate-rejects for summer roles, even if they aren't as enterprising as to fill in your second application themselves?

  • 2
     

What's your favorite, a phone call rejection or a rejection in the mail?

FTPiper's picture
FTPiper
      IB
 
(Baboon, 147
 
Points)
 on 11/24/09 at 11:46pm
garnett.jpg

I have received over 100+ rejections in my career.
I feel like both of them are terrible, but I actually prefer a rejection in the mail.

Sometimes by phone, you feel like you had a great chance of getting an offer so your hope gets up when a number from NYC calls you, while with a letter in the mail, you know it's a rejection.

What are your guys' thoughts?

  • 27
     

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