On Hold - what to do now?
I had a superday last week at a BB that honestly went really well. It ended with a MD saying “can’t wait to discuss (a deal I had on my resume) more next summer” and I crushed all the technicals. However, I just got a call from HR saying that my application is on hold and asking if I have any exploding offers.
I assume this means that they haven’t finished filling out their intern class and want to hear back from their top choices and/or continue interviewing before looking at their next choice candidates. I’d really like to land this offer though, so I was wondering if there’s anything I can do to push them in the right direction, even just to put me at the top of the waitlist. I never sent follow-up emails to my interviewers, should I do that now and thank them for their time and ask their advice? Should I tell HR that although I have other superdays, this job is my top choice and I’d accept an offer immediately? Just wait it out? I assume that if I made my interest clear that would push me higher on the wait list, but I don’t want to annoy them or seem desperate for an offer.
Additionally, should I follow up with my alumni contact and see if they can push me through?
Tell her that you have an exploding offer right away. It's a GREAT sign that she asked if you had any, which tells me you should definitely receive the offer. Do not tell HR that the BB is your top choice. That might make the wait longer.
I told them I have an offer exploding next week, which is true. Should I just sit tight then, will talking to my contacts make any difference?
Hope and pray the kids who got offers turn them down. In the same boat and it sucks.
Here’s to hoping, but I’m worried that because it’s relatively late in the process the kids who were there don’t have many other options.
This is a side note, too late now but always always always send thank you emails to interviewers same day. These decisions get made quick.
I disagree and think it can be useful to say a bank is a top choice, IF IT IS TRUE. Some banks will ask you "If we give you an offer, would you accept?" before giving you an offer.
If you're close to the alumni contact, I would reach out to him and say that you have an offer that explodes next week but this bank is your top choice and you really want to work there.
I'm kicking myself for not sending follow ups. The superday was late on Friday and I didn't want to bother them over the weekend so I decided not to. That probably wouldn't have been the make-or-break factor, but you never know...
I'll reach out the contact. I'm at a small school and alums are rabid about getting us in, so it couldn't hurt.
No one cares about thank you emails. No bank is going to ding a top candidate because he/she didn't send a thank you email.
Agreed. At my bank we go from the last interview straight into a conference room for a roundtable discussion on the candidates - by the time we get an email the decision is already made anyways.
Friend got off the waitlist the next day after talking to alumni. So definitely reach out to your contacts
Im not on a waitlist but i suspect I am given that its been almost 3 weeks since ive been waiting for an offer. what if my contact is in NY and I'm interviewing in SF? the contact is an MD though in the same division and during my interviews I did bring his name up. Everyone knew him.
Anyone still on the waitlist at any of the BBs?
Yes I am on waitlist and it blows.
It definitely does. I wonder when we would hear back. They keep talking about still figuring out their head counts.
Please Help! - Put on Hold List after SD (Originally Posted: 11/01/2017)
Hey guys,
I was just informed that I was put on the hold list for a BB after my superday a week ago. Can someone please tell me what the best decision is to do here in order to maximize my chances of getting an offer? Should I continue to reach out to alumni? Should I send handwritten notes to my interviewers? Should I bluff an offer?
I really want this position and I understand the chances of me getting it now are slim, but I really want the best chance possible. Any feedback is very helpful.
Unfortunately there's really not much you can do on your end at this point. It sounds like your only chance is if someone (or multiple people depending on where you are on the hold list) turns down an offer. If anything, you could try following up with them again this week to thank them again for the superday and reiterate your interest, but it most likely won't change anything.
Keep trying to line up opportunities with other firms. Don't bluff an offer, you're on hold (i.e. leveraging other offers is generally only useful for accelerating interview timelines, and plus you shouldn't lie anyways)
Should I continue to reach out to people in the bank? I was thinking I could try getting in contact with some of the more senior people and express my interest to them. Or is this a waste of my time?
That's rough man, i've been in your shoes so my advice would be to immediately hit the pavement again like you just found out you were denied. If you end up getting the offer because another candidate dropped out, it's a stroke of luck. They have their select list of candidates in a precise order, so hopefully you are next if in line they end up moving down. Good luck
Is being "on hold" at BAML for S&T really unlikely? (Originally Posted: 10/10/2017)
What does the waitlist process generally look like at BAML? I know it is generally dependent on other people accepting offers, so is it hopeless if I'm getting placed on hold as early as October?
Hi gfour, any of these discussions helpful:
More suggestions...
Hope that helps.
On Hold from Bear Stearns (Originally Posted: 02/25/2008)
I'm a sophomore, and I was wondering if I should provide an updated resume or something like that just to stay in the radar during this process.
I have Citi's sophomore rotational prgm. things coming up, but I would rather work for Bear Stearns fixed income.
is bears fixed income a rotation of 10 weeks at one desk?
i apologize, i meant OR 10 weeks at one desk
has anyone heard any updates/offers from Bear fixed income?
Still ON HOLD from FT 2008 cycle (Originally Posted: 03/16/2008)
I'm a senior still on hold from a BB. I have been waiting since December. I called HR many times and told them I need an answer. First they said we don't know. Then the group head called me. He said great I want you to join. HR calls me the next day and said we still need to wait on some numbers on offers already out.
That's still the story. I'm here, waiting still. The wait is eating into me. I can't sleep, can't think about anything except do I have the offer or no. The other gig I have is a marketing consulting firm, whatever the hell that is.
I'm thinking about dropping out of spring sememster because my grades are so horrible right now..................man
What should I do?? Are there any other BBs still recruiting???
I heard Barclays is recruiting for analysts give it a try...Best of luck!
Is this for a FT analyst position in IBD? If it is, I have never heard of a hold this long before. At this point I would explore all options, even non-finance jobs are going to be hard to come by if you wait much longer.
Is this for a FT analyst position in IBD? If it is, I have never heard of a hold this long before. At this point I would explore all options, even non-finance jobs are going to be hard to come by if you wait much longer.
On hold @ Big 4 (Originally Posted: 11/19/2008)
Anyone experience this before? I pray I have a better shot getting the job after the dreaded "on hold" status than at a BB.
I don't think companies are going to do anything until after Q1 2009. The Big 4, the BB, MM, PE, HF etc. They're all reconsidering staffing needs and they're all bracing for a horrible 2009. Anticipate more "On Hold" feedback for the forseeable future. Just too unstable a financial environment otherwise and most firms have no real confidence in their budget or forecasts beyond 1-year. It's just impossible to do. So much incomplete information out there.
told to apply again after rejected/on hold for FT offer as SA? (Originally Posted: 09/21/2010)
So I summered at a BB this summer on two desks, one of the desks which I liked and they liked me just wasn't hiring and the other I didn't like too much (just wasn't a fit and I had no interest) and I think they felt the same way about me.
At end of SA I was told I'm on hold and they don't have an offer for me now due to headcount issues. However I was highly encouraged to apply again or do resume drop again at my school for an interview.
Are they just being nice, is this something that is typically said to everyone.. should I apply AGAIN? How will this be looked upon by the bank?
Thanks
BTW if this matter at all this bank is recruiting pretty aggressively at my school, only a few of the interns got return offers, mostly for research desks
of course you should apply again. you have nothing to lose here.
I would apply again, but contact people you know at the bank to get the process/decision expedited.
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