Do Investment Banks notify you if you do not get a first round interview?

A lot of my friends were notified about getting an interview opportunity. I still have not heard back anything and my application status still says "submitted". Would the status change to notify me that I am no longer being considered? Or is there a chance the recruitment team is still reviewing my application? Do banks notify you are no longer in the running? Thanks for your help.

6 Comments
 

Spot on. In my experience it was maybe 20%-30% of the banks that ultimately said sorry it didn't work out and even those that did were months after I accepted my offer

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