Evercore Dinged after 1st round phone interview
Hey guys,
I applied Evercore FT London the first day it opened, and I:
- Have talked to several bankers from analyst to associate
- Graduate from a semi-target European School
- Have a BB off-cycle internship without return offer (have good review)
- Keep attending their every virtual networking event available
- I prepared well for questions like Why Evercore, Why M&A, etc.
But still got dinged after 1st round phone interview. It was a 15mins call with Wiser and I think I was good. The only thing I remember was when that HR asked me the outcome of my BB internship, I told her the truth and she didn't ask further (my review in details, etc.).
I really thought Evercore doesn't care that much about whether their candidates have got return offer from their previous employer, because I've seen many cases from LinkedIn.
So really frustrated now, anyone can help me understand why? It is just a result of having a bad luck, like many others who also got dinged?
Many thanks in advance for any ideas or advices!
Sometimes it doesn't matter how much work you've put in or how bad you want it. The biggest part of any interview is somewhat out of your hands, and that is whether or not your interviewer likes you. To some extent you can control that, but one thing I learned from my process is that you have to move away from the mindset that you've worked so hard that you deserve an interview or a job and move toward one where putting in the work is the bare minimum, and just hope that you fit with their culture and that they like you enough to advance you in the process. Best of luck moving forward.
Thank you for your answer, I think you are absolutely right. Luck really plays a role in it.
Can't be truer.
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Are second round interviews out?
How long after you applied you got invited for the 1st round phone interview?
I applied on 24th Aug, got first round phone at 8th Sep
Sorry to hear. How long did they take to get back to you after 1st round?
2 weeks
EBs love brits, especially Evercore. If you have a thick European accent they may have dinged you for that.
my English is good though I think
Don't think that's an issue.
Either your "why Evercore / M&A" wasn't good enough (we don't know what you actually said other than the fact that you think you prepared well) or as the poster below said, they don't take on people who have been rejected for FT (I cannot confirm whether this is a criteria people look for)?
If you assume that there are x FT spots of which y have been occupied by those who converted from the internship (not sure what the internship conversion rate is this year but assume it is on par with other investment banks who have given out a high number of offers due to COVID), then the only available spaces are (X-Y) of which there are hundreds of candidates competing for. Therefore, why would consider someone who was rejected for a FT at another place (i'm not part of wiser so I can't comment on why they dinged you).
If your BB internship was with BAML (in London), then you can say headcount issues / they don't convert the off-cycles (which I believe is what happened over there) / maybe explain why you were rejected and not wait for her to ask you about further details.
This guy definitely doesn't work in the London office. We have quite a diverse team here.
,
Did you get the email regarding the outcome of the first round?
I had it too with Wiser, but still no answer.
Nothing but rejection letter
Oh wow. Really sorry to hear this - when did they even get back to you?
after 2 weeks, interviewed on Friday, rejected on another Friday
Aah OK, so this was for full-time opps?
Did you literally skip past the first 3 lines of the post?
sorry to hear the bad news, but i think with FT roles, banks will tend to reject applicants who didnt convert at other banks. Logically speaking, if you failed to convert at another bank, why would they want to hire you on a FT basis, if you're deemed not worthy of a FT offer from a competitor?
if you've done multiple internships in the same division you applied to at Evercore, and you could get a good reference from your previous internships, then this would be a different matter, however, Evercore would rather you go for a summer at theirs, where they could effectively trial you for 10 weeks and make their own decision.
In most cases, those people you are seeing on LinkedIn probably converted their summer at another bank, and decided to turn the FT offer down to go to Evercore for whatever reason (maybe better bank, exit opps, team etc).
in the future, if interviewers do ask for the outcome of your prev internship, always mention your review in as much detail as possible off the bat, and how you've improved on the feedback already.
Thanks a lot for your comment, I remembered I mentioned in the call that I got very good review from my bank. But I did not mention I can provide some reference, I don't know if it could have been another story if I said "I can provide you the phone number of my analyst and associate who will speak for me" during the call, isn't it too aggressive?
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