When do banks do background checks?

I've signed an offer for FT over a month ago and I am waiting for next steps regarding my background check. They told me they would ask for my consent before they began - is it common to wait this long without hearing anything? When do they usually conduct background checks?

 

Sorry if I wasn't clear, I haven't provided them with any info whatsoever (references, etc.) so I don't believe they'd be able to start anything yet. Is it common to wait this long for them to initiate the background check even after signing an offer?

 

Officia et blanditiis qui et est voluptatem voluptatem dolore. Possimus natus mollitia corrupti officiis quia. Dolores ipsa quas velit eaque. Sint labore adipisci deleniti possimus. Omnis qui ea temporibus placeat id eligendi.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”