Getting Unlucky with Recruiting

Curious if my experience is normal, unlucky, or I'm washed. In 7 processes right now. 1 EB where I had four 1hr + chats but an analyst forgot to refer so I didn't get the first round. 1 BB where I had superday which felt really good and since have been ghosted from everyone including an analyst who used to respond 5 mins after every email I sent. 1 BB where I was told I am a top candidate then lied to about "HR making the process slow" (I saw they're giving out offers, theyre just messing with me). 2 MM where I had a first round then radio silence since then from both recruiting and analysts.

Unless my airpod mic is translating my behaviorals into satanic speak, am I just washed, unlucky, or is this normal in recruiting?

14 Comments
 
Most Helpful
  1. The analyst or the people who you spoke with at the EB likely referred other kids over you
  2. The BB analyst isn't responding because you got dinged for whatever reason and the person can't do anything for you
  3. Other BB likely preferred someone over you
  4. You got dinged from MMs likely because there were other kids who they liked more whether that'd be because the other kid from U of Alabama seemed like someone who'd take the offer over you or whatever the reason may be. 

People who are winners will say that it's because you weren't good enough and losers will say it's luck. As someone who has been both a winner and a loser (ignore my title), generally people who grind out long enough to succeed at something to an extent that 99% of the people who are aiming for the same goal give up during the process, will eventually see some sort of light. Yes, maybe not Evercore > KKR > Silver Point, but there's always an alternative route. Even people who took the very ideal route will at one point of their careers lose and fail. Think of it as a marathon and try to find ways to improve and learn throughout.

 

I mean all the above stated assumptions may be due to the fact that you are at this time quite unlucky, and it happens. It isn't that rare, and I did have some similar experience while recruiting. I'll share my experience hoping to make you feel a bit better. 

  • Spoke and met with one senior banker and an Associate at a BB for a coffee and got close to a point where I was having chats about sports, restaurants, and about life to the point I felt guaranteed that I'll get a first round but did not.
  • Had a senior banker from a reputable MM push for me, got the first-round, then to the SPD, but didn't get the offer. I never heard back from the guy as well. Looking back, I imagine that the team just didn't like me to an extent it was almost a unanimous rejection and the senior banker who pushed for me felt like shit / cannot offer any further help.
  • Another MM, spoke with two Associates who told me that I should expect first rounds and how my questions were great. Did not get the first round.
  • At one EB, one of the recruiting captains for my school did technical mock interview and told me how great I did. Did not get the first round.
  • I personally don't think I had an experience where I felt that I did an amazing job during the interview but didn't get the offer. If your SPD interviews were truly great, you should be hearing directly during the interview from at least one or two bankers that your great / would love to have you on the team with no single interview feeling like you did bad. I think a good number for the offer is 1 banker really pulling for you and no other 3-4 bankers going against that.  

At the end of the day, the process isn't really meritocratic or objective. Even if you asked great questions during the interviews or during networking calls (assume you did good networking considering how you spoke for an hour with 4 people at an EB), they just might go with someone who they simply like more, which can be due to similar hobbies, hometown, or even just the how the bankers just felt good one day and decided to refer the other kid and forgot about you. 

 

I do appriciate hearing that as outside of the ocasional rant on WSO (myself included), many people speak not of the experiences like I've mentioned which also may make them look dumb/weird so its nice to hear I'm not alone in these types of experiences. If anything it almost sounds like you were more "unlucky" than me. I've heard prior and during recruiting that this is how things usually go with some processes but to hear an actual example is much more reassuring. appreciate the help.

 

Not sure if it’s showing but ignore title. Recruiting is far more luck based than people like to admit. Put in as much effort as you can, which it sounds like you are, and you will end up where you’re meant to end up. The biggest thing I see is that people are blind to their weak spots, especially when it comes to interviews. Mock as much as you can with senior students who have placed and they’ll be able to identify your minor but potentially impactful weak spots. It is certainly possible that your background is impacting the opportunities available to you, but people don’t understand how much general vibe and even small slip-ups in behaviourals can dock you. It’s much more about how you connect with your interviewer and come across as genuine, humble and researched (aside from the standard technical bar, of course)

 

I appriciate the advice and see what you're saying regarding luck. I've definitely seen how people "not knowing what they don't know" has caused them to be unintentionally blind to important aspects in recruiting. Will definitely do more mocks with seniors as I still have some interviews lined up

 

Think about the role of a Summer Analyst (and by association an Analyst), and consider what the main character traits are that they want out of someone in that seat and how that relates to your interview performance. For example, coachability - when you get pushed on something in the interview, do you seem open to feedback or closed-off? More broadly with behaviourals, they're also testing how genuine and thoughtful you are - are you answers for Why IB / Why Our Bank / Why Our Coverage tied to your personal experiences and thus justifiable vs. general points you read online? Intellectual rigor - when asked about things on your resume, do your responses sound canned and rehearsed or does it seem like you actually learned something from your past pitches / internships / whatever and internalized it? Do you pass the airport test? Do the anecdotes you use for your behaviourals reveal any traits that could be considered red flags for a summer/FT analyst?etc. Try not to let your nerves get to you, actually smile and make eye contact in interviews (but not too much), and treat behaviourals more like conversations vs. a Q&A and that will all help you relax more. 

 

This looks pretty normal, unfortunately processes break for dumb reasons and people ghost once they’ve basically filled the seat. Keep pushing the other processes and treat silence as a no so you don’t burn time waiting on HR. If you want to sanity-check, do a couple blunt mocks and see if a small habit is coming through.

 

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