How many superdays until I get an offer?

Strictly curious on the statistics behind superdays--especially at big name shops. 

I'm currently 200+ interviews in, with a record of 0-16 on superdays (assuming I'm rejected from my round last Friday). For some ethos, these include: GS, MS, JPM, PJT (RX), Stephens, HL (RX), and some more EBs and MMs, with a couple buy-side--most of which in NYC.

Curious if you know anyone else with more superdays, and curious the statistics on superdays. To my knowledge, most superdays give offers to 20%-50% of the interviewees. At worst case that's a 1 in 5 shot, meaning statistically the chance--in the worst case--of getting an offer by this point is (1- (4/5)^16) or roughly 97.2%. 

Dawg, what is going on.

Also starting a line on polymarket at 19.5 (feel free to take the higher or lower).

24 Comments
 

Not bait--imo truly majority bad luck. Sure the first or second one was a lack of experience, but I know my technicals cold and am at least successful and amiable enough to get through screening calls, 1st/2nd rounds at dozens of firms. 

From numerous mock interviews alone-- some from current analysts across EBs and BBs--and the best networking/advice I can get my hands on, I'm still left somehow with the short straw.

I have even asked for feedback from most firms-- usually getting something about "better fit" or "been in touch with other candidates longer," or "honestly you can't really change anything you did great," never really anything constructive--with some even recommending I apply again next cycle cause the team liked me, just not enough spots open, etc. 

At this point it feels like insanely bad luck. 

 

re-read my original comment. my sole bit of advice was do some honest reflection as I can promise you if you're 0/16 it's not bad luck, your performance is in fact the issue. acknowledge that first and then you can realistically improve rather than just denying it and attributing to bad luck

 

This is obvious bait. Also if you are failing this much it is a you issue and frankly this industry is small people talk, if you bomb 8 superdays really bad the next one may have a guy who talked to a guy who may know of your lackluster performance. 

 

Not bait--not like I bombed any interviews. Cold techs, clean story, good experience on the buy-side. Ran numerous mocks with current analysts in RX and M&A; despite doing well, can't land an offer. 

Is a 20% offer rate unreasonable?

 

Thought so too, but I've coached/mentored people into roles at EC, PJT, JPM, BX and some buy-side-- my mentees went 8-9 on superdays😭. I can literally tell other people to do the same thing I do, and they get offers. 

 

I’d just self internalize that you are missing something. It’s often very small and you need someone else who has been successful to criticize you. No firm is ever going to tell you in writing what you did wrong unless you have a very strong contact - “fit” is the easiest answer to imply that something was wrong but not outright insult a candidate. As someone who went 1-8 it was my answers to resume questions, and a friend of mine helped me rework my story heavily deep in my cycled. Went thru several RX superdays (HL, some other T2 firms), at most of these nailed the case and thought all my answers were great but until you have that one interview where you do amazing you won’t even realize what you were missing. When an interviewer asks a very open ended question (TMAY, work exp, interests) you NEED to have the perfect answer or you will not get an offer. I noticed I was performing better when I got asked follow ups everytime I told my story to someone instead of looking like a dork and telling them I read Moyer / Gatto etc. it doesn’t matter. It’s all commoditized and you need a compelling story.

Also the margins are VERY THIN. You need every single person you talk to to have a good impression of you. Also had several interviews where I got along really well with 2-3 people but had a so-so conversation with the other 2, vibes felt a little off and I didn’t get it. I can’t speak fully to learning everything because I diverted on RX and went 1/1 on BB but some food for thought, as someone who got passed up many times. Checking a box is just checking a box, if it’s 8 people interviewed maybe 4-5 check all the boxes but only 2 get offers. Need to have everything.

 

I have a superday in 2 weeks at William Blair which is by far the number one place I wanna end up. 

Thrilled for the chance but also kind of upset that this accelerated program means my superday is a lot earlier than I was thinking I'd be ready by, and since it'll be my first actual superday seems like lack of experience will hurt me. 

Would love to hear what you did ahead of your superday and what you think led to you being able to land it on your first one. 

Congrats!

 

Maybe for internship I would assume you’re saying you’re appplying to msf so just have a good reason why m, or you’re planning on delaying grad have a good story for ft I know it’s uphill regardless all it takes is one just try to improve each time

 

OP I was in the same boat actually years ago, I did nearly the same amount of superdays for an eventual internship at a BB. Most first rounds were over the phone but some were in-person and I still nailed those but didn't get the offer at the superday - nothing about me was really off but I wasn't perfect, was an Asian male (we all know its harder for us) and genuinely a bit unlucky. Some superdays I said "that was the best interview I've had in my life" and still didn't get it.

I'd reflect on what you've said in interviews, there are ALWAYS parts you can improve on but it will take a bit of self reflection. 

At the end of the day, I did end up with an offer and I did have an unlucky streak but I did end up at GS/MS despite failing superdays at places like fucking Rabobank (acutally true). You absolutely can get unlucky many times in a row but you can always improve.

 

Yeah I think fit is probably the thing if you're getting to that many superdays but just not converting but you could be just unlucky too. If you have your technicals down cold, then it comes down to behaviorals and presence and honestly just keep on practicing everything. Like can you confidently walk through both behaviorals and technical questions without stuttering, rambling, sounding too memorized like a bot or speeding up? Do you have any facial tics that no one has told you about yet? Are you smiling in your interviews or are you an anxious looking bot? Small stuff like that make or break the vibes. This is coming from a diversity candidate who failed 10+ IB superdays and thought something was wrong with myself before getting 2 MM offers and finally a top BB offer which is what I ultimately accepted - there is hope!

 

You guys are being too harsh, though I would agree that under normal circumstances this would def seem more like a YOU issue but me and my friends are having the same problem. Not only are job postings harder to come by, but I've realized that a lot of the best positions are already "reserved" for connections/client's kids etc. These firms (mine and my friends' personal experience with EB/BBs/MMs large funds etc.) like to have long elaborate interview processes, sometimes just to have them or for the internal fulfillment for shitting on interviewees. But deep down or even before the process begins, the candidate is already selected as long as they don't fuck up. Crazy part is that even if they fuck up, there are usually multiple clients' sons lined up after before you come up to bat. 

I am an URM, making it harder no matter what anyone says. However, over 10+ superdays got me a MF internship in college even when I was getting rejected from shops which no one had ever heard of. I work in PE now, which also took a while to get into. Not to mention that I have been looking for another job (granted only the right fit/experience) but I've been getting cooked from so many Superdays too. Keep your head up, it's only over for you once you think it is. 

 

Just wanted to shoot the followup here: 

After superday 18, 240-260 interviews, 300+ networking calls and coffee chats, 900+ applications, thousands of emails, hundreds of hours in mocks, prepping and practicing... I finally have a FT offer in proud of in RX.

I should qualify: I had received 2 (unpaid) internship offers my sophomore year at a hedge funds, and one (underpaid) internship offer my junior year in private credit (both might have done return offers, but not great for growth), and none were difficult interviews processes, so discounted them. If you include those, I'm still 1/18 on superdays, but 4/22 for final rounds.

 

congrats your journey is over lol, could i ask in general what tier of rx and how you got into the process? didnt see many rx posting go up so were you just networking w/ all of them and hoping they had openings?

 

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