Recommendations - FT job
If your summer employer wont give you a recommendation, are you screwed as far as getting a fulltime job?
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Not necessarily - but you will need to have a good reason as to why you don't want your potential employer to call your summer employer for a rec. If, for example, you were offered a position, and turned it down - your boss was angered by this and you didn't feel comfortable asking for a rec that is one thing - although probably pretty damn rare. If you aren't getting a rec because you sucked, did something illegal, etc, then you will have a much harder time spinning this (of course). If you have accepted a position, and, as a result, can't get a rec from your summer employer, then it's a matter of full disclosure to your prospective employer and just being honest with them - they required you to decide, etc. It really depends on the reason why you can't get a rec - but in any event, it requires selling on your part.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
so banks actually asks for recommendations and call your former employers?
yes
so what are the conversation like and how much weight does the conversations have in the offer process?
Not all banks call all references...some just make sure you worked where you said you worked, others call the most recent, others only call one or 2 that you provide, others call everyone possible. Many banks won't actually call anyone and will just make sure you worked where you said you worked and held the claimed title.
In general, the calls, when calls are made will either be pretty general - making sure you are who you said you are, did a good job, and that there aren't any red flags or skeletons, or very specific - meaning they will do all of the aforementioned, plus go into specific claims on your resume - so what did pedaltodaflo do for deal X, how did he perform those tasks, where could he have improved, how about project Y, etc. Again, there's no rule, and it is often just the employer or even interviewer who makes the call each time, whether to call or not, who to call, and how much detail to go into. Broadly speaking, most interviewers are just checking to make sure you're not full of it and actually worked where you claimed in the position you claimed.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
I have never heard of this being done. Not that it doesn't, just never thought it did.
What if a firm doesn't want to give the specifics when asked? My PE firm is very private and would refuse to give much detail. Could this piss off an inquiring I-bank?
Nope, not really - I mean it's their policy and their right. They would probably say that you worked there, and that should suffice. I wouldn't worry about it, as long as they don't speak negatively about you/your candidacy.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
Do they usually talk to an HR person or an actual banker/investment professional?
i am interested in this as well.
Speaking of recommendations - in my 2nd to last internship (not my summer internship) - I only worked with one woman Analyst in equity research and apparently she got fired after I left. It was an unpaid internship so I'm not on any record there and it was a small company so there was no HR.
When applying for full-time jobs, should I just list that one woman as my reference, and when recruiters try calling the firm for a reference- they will say that the woman is no longer there? There's nobody else in the office that I worked with. Perhaps this is a good thing though cause my boss was a biatch and wouldn't give me a good rec anyway.
The good question is: "What did you do when you were an intern there?"
Are you asking me? I worked with the analyst and updated her models, powerpoint presentations, and pitch books. If she is no longer at the firm, and a new potential employer asks about me working there, what's gonna happen? I don't have another reference there as I only worked with her...
No I was asking Pedalto.
But concerning you, I trully thinks that may be better this way if she was not really "supportive"
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