Why do MM banks take forever to respond

So I came out empty-handed from FT BB recruiting. I've interviewed with a handful of MM and smaller boutique banks, and they take forever to get back to me. A couple places took 2-3 weeks to call me back after a first round interview and I still haven't heard from some final round interviews. Am I being put on hold while they interview other candidates or do smaller banks just have a thinner HR staff? Anyone actually hear some good news after waiting a few weeks?

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Best Response

Smaller companies often take a little longer because they have smaller HR departments. In addition, they may have extended offers to other candidates who have not accepted yet if they're still looking for better opportunities. So if it has been several weeks, you might be on waitlist. Don't lose hope until they actually reject you though. Good luck man.

 

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