MBB wait list: chances and advice?
I am an undergrad and recently found out that I was waitlisted for a full-time position. I don't know when I'll hear back, but my understanding is that the firm is waiting to finish up interviews with other schools. Does anyone have experience with this or know roughly how many waitlisted applicants are typically accepted (and when they might hear)? Is there anything I could do to improve my chances of getting an offer?
Thanks.
The recruiting track at most target schools finishes up this week, so it shouldn't be much longer. The firms probably continue interviewing candidates here and there, but by and large, most of them will be done by the week's end. I'm still waiting to hear back from a MBB final round I did last Friday, so I can only assume I'm on a waiting list too. Stay strong brother.
EDIT: If you already emailed the partners you interviewed with and your HR contact to thank them and re-iterate your interest in the firm, there's little you can do now. Just hold tight.
If you want to increase your chances of the offer, you can say that you'll accept your 2nd choice office location. You might get the offer the same day.
You get funneled into the only office you can get an offer from by the time of your superday. You might have some flex to negotiate after receiving one, but not before.
You can express interest in your 2nd choice office. The 1st choice office may have wait listed you and wants to see how other candidates perform before they make a decision on you. The 2nd choice office may have less of a demand/ supply issue, so it's quite possible. Agree - you can't say you'll "accept" the offer since you weren't given it, but if they make any mention of other office locations - and you truly are open to it - it does not hurt to express interest in that 2nd choice office.
Nope. That definitely won't work at my MBB firm, and I'm 99% sure it won't for at least one other MBB. As Sav said, by the time you get to the final rounds, you are applying only to a specific office. You either get in or you don't. You do not have the option of being considered for another office. Both of the MBBs I'm thinking of make this crystal clear from the beginning of the recruiting process. Not as familiar with the 3rd MBB.
For what it's worth, I was on the 'wait list' for my MBB offer and got it.
I would guess (and that's really all it is, a guess) that you have a ~50% chance of an offer after being waitlisted. They don't waitlist unless you are really under very serious consideration.
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