What is it with banks and ghosting candidates?
Title says it all. What is it with these banks and giving you a timeframe of when you will hear back from an interview and then just straight up ignoring you after reaching out multiple times. I understand that I am not entitled to anything, and this is just the nature of recruiting, but it feels pretty shitty to meet most of the team just to get fucking ghosted like I don’t exist. I’m not saying it is all banks or PE firms, but it’s happened to me 3 times now after going through multiple rounds of interviews. It seems cowardly, like they are afraid of rejecting people, which I would honestly much rather. Throw shit at me all you want, and I get this is 100% my fault for not getting the job, but god damn this culture sucks ass.
there are 2 things
1) by not directly rejecting you, the bank keeps their options open to contact you later and offer you a job if/when their 1st choice candidate declines their offer
2) directly rejecting you could expose the firm to a lawsuit if you were to sue them for some kind of employment discrimination...and so never rejecting you allows the firm to say "we never rejected this person, we are still considering them". Its a legal liability thing....which drives many behaviors of large banks.
Most recruiting processes are run by analysts who are too swamped with actual work to play therapist to your sensitivities.
Considering how the MD makes the call during deliberations or to even give the offer, no analysts don't run recruitment other than maybe picking resumes. HR is also the one who is ghosting unless you're at some MM or no-name boutique I guess. Don't hype yourself up too much.
At an EB.
So you're telling me that the analysts are the one's calling candidates if they get the offer? Not the MDs? Is "MM or no-name boutique" the only thing you gleamed from my post which is why that's what you're commenting on cause you know i'm right on the other stuff?
Analysts are interviewing the candidates: first rounds, second rounds, superdays. Sorry that we aren't messaging each one back to say better luck next time. That's standard practice for most banks.
Hop off me nuts.
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