Deutsche Bank March off-cycle - London
Almost 3 weeks after completing the online assessments, I got an email saying *Your application is now being reviewed and you will hear back from us regarding an outcome soon. If you have any more questions, please contact your local Early Careers Team*
Am I supposed to see it as potential good news? What is the usual next stage after assessment? Is it TI?
Am I unnecessarily getting my hopes high? Is that just a routine email they send to all applicants, after almost 3 weeks, who have completed the online assessment? Is there any reason to rule out the possibility that a rejection email is what I'll get next? Have other applicants to the March Off-cycle already advanced to post–online assessment / offer/AC stages?
Based on the most helpful WSO content, here's what you need to know:
Email Interpretation: The email you received is a standard communication from Deutsche Bank's Early Careers Team. It doesn't necessarily indicate a positive or negative outcome. It's routine for banks to send such updates to keep candidates informed, especially if there's a delay in the process.
Next Stage After Online Assessments: Typically, the next stage after online assessments is a telephone interview (TI) or a video interview, depending on the specific process. This aligns with common practices in London IB recruiting, where candidates often progress to interviews after passing the initial assessments.
Timeline and Expectations: A 3-week wait isn't unusual in the recruiting process, especially for off-cycle roles. However, it's worth noting that some candidates may have already advanced to later stages, such as Assessment Centers (ACs) or offers, depending on when they completed their assessments.
Rejection Possibility: Unfortunately, there's no way to rule out the possibility of a rejection email. Banks often batch process applications, so some candidates may hear back sooner than others. The delay doesn't necessarily mean rejection, but it's wise to manage expectations.
Other Applicants' Progress: While specific details about the March Off-cycle aren't explicitly mentioned in the context, it's common for some candidates to have already moved to post-assessment stages like ACs or offers, especially if they completed their assessments earlier.
In summary, while the email is routine, it’s not a bad sign. Stay patient, and if you’re concerned, consider reaching out to the Early Careers Team for clarification. Keep preparing for potential interviews in case you advance to the next stage!
Sources: London - Roadmap to FT and SA Hiring, 2020 London IBD SA/FT, 2020 London IBD SA/FT, Future of Investment Banking | Outlook Beyond 2021, The Future of Deutsche Bank?
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