IB second wave

If banks open up a second wave of recruitment, it typically means they are revisiting their hiring needs after the initial recruitment cycle. This could happen for various reasons, such as candidates declining offers, changes in headcount requirements, or the bank deciding to expand its class size.

Regarding reapplying after rejection, based on the most helpful WSO content, it is possible to reapply during the second wave, but it depends on the bank's policies. Some banks may allow candidates to reapply, especially if they are using a different email or have made significant updates to their application (e.g., improved resume, new experiences). However, others may have restrictions on reapplying within the same recruitment cycle. It’s always a good idea to check the specific bank's guidelines or reach out to HR for clarification.

Sources: Recruitment Set Back To "Normal", https://www.wallstreetoasis.com/forum/investment-banking/m7-ib-associate-full-time-recruiting?customgpt=1, Recruitment Set Back To "Normal", Resilience in the face of rejection, Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?