Is that possible?
They offered an interview for capital markets but rejected for capital market operations within the same firm?
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yes it's not totally absurd
shows how much of a roll of the dice this whole game can be...
Definitely possible, I've heard of instances where people applied to both MO/BO and FO roles with prior IB experience; they got offers for FO but not even interviews for MO. A lot of banks are able to tell that you're just applying as Plan B.
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