Are candidates notified of rejections after offers a given out?
Hi all,
I had a superday two weeks ago and I have been in radio silence communication in regards to hearing back on the status of my standing in the post interview process (good or bad news). At the end of the superday HR told us that we would hear back in 2-3 weeks since the regional office our final rounds were held in were the first set of final rounds and they needed to still conduct the rest of the final rounds at other regional offices.
In the middle of the week this week they gave an offer to one of my classmates for his top choice office location (which was the regional office we had final rounds in). I am assuming they are giving out offers based on that location since it was the first set of final rounds and therefore decisions for that office would be made quicker. With this I was wondering do rejected candidates typically get notified at the end of the recruitment process or along with other offers? Also I was wondering should I wait it out until the end of the 3 week mark and then follow up or should I follow up this coming Monday?
Any feedback and suggestions are greatly appreciated!
In my experience both acceptances and outright rejections go out quickly (in most but not all cases - this is more true at large banks where recruiting is very structured). Usually a long wait means indecision/wait list
you're most likely on the waitlist
Thanks for the feedback guys, much appreciated. What do you all recommend I do from here on? This coming week will be the third week since the final round interviews. Should I follow up with my interviewers/HR tomorrow and show interest or wait until this week is over and then follow up?
don't matter, all you can do is wait it out from here.
You will be notified immediately (same day or next day) after the superday if you have an offer. People who are given offers often do not accept them immediately, and as soon as they decline an offer, the bank will make an offer to their 2nd choice candidates and so on and so forth. Banks will press candidates for an answer after an offer is extended; they want to know soon so they don't miss out on their 2nd choice candidates and so on. But some schools (core schools) require banks to give the students a fixed amount of time (e.g., 2-3 weeks or whatever) to accept/reject an offer.
You can follow up if you want but it usually won't make much difference as they're still waiting on their first choice candidates. The only way a followup is going to make a difference is if you have another offer and you use that as leverage; which may or may not help. If it's been two weeks then it's most likely over for you with that firm. In my experience banks are slow to to give out rejections...in that it will take a few weeks before you get that final nail in your coffin even though you died a couple weeks prior.
I suppose you could still be on their waitlist technically, but I can't imagine they are sweating over the chance of losing you to another firm. Typically if there is a back-up candidate that the group genuinely wants but there is someone they want more out there sitting on the only/last offer, they will demonstrate some effort in keeping a line of communication going. This may simply be a checkup email a week or so after the interview to see where the candidate is in the process elsewhere and to let him/her know that they are still making decisions on their end. Key takeaway is that if you are next in line on their list, they aren't going to just treat you like nothing the whole time the offer is outstanding for someone else.
Start reaching out to other banks.
I would imagine it depends on the role since one would think there's different protocol depending on the job (IB seems to have a quicker response rate than say F500 corporate finance role in my experience). OP This role is for IBD correct?
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