I'm doing a long-term off-cycle internship in a (lower) MM firm. The banking department just made a new hire, a guy I knew from a previous internship. He was in jail for 3 years...and yet he still passed the background check? Why does this make sense? I know that not every one out of jail is bad, but doesn't this affect candidates' chances? I don't even think our HR know this...
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That's probably why. HR sucks in big banks and no one probably bothered to check his record.
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