Worried about applying late as a semi target

Based on the most helpful WSO content, here's what you need to know about rolling applications and your situation:

1. Rolling Applications Process:

   • For rolling applications, banks often review resumes in batches. For example, if applications open on June 1st, they might review the first batch from June 1-15, the next from June 15-30, and so on. This means earlier applicants may have a better chance of being reviewed before spots fill up.
   • However, there are no strict quotas for these "mini deadlines." If a bank plans to hire 30 people but finds 50 strong candidates early on, they might stop reviewing later applications.

2. Your Timing:

   • Being two weeks late might not be ideal, but it doesn’t necessarily mean you’re out of the running. Some recruiters start reviewing applications early to manage workload, but others wait until closer to the deadline. If RBC or other banks haven’t filled their spots yet, you still have a chance.

3. Advice for Semi-Target Candidates:

   • Apply Immediately: Don’t delay further. Even if you’re late, submitting your application now gives you a shot.
   • Network Aggressively: As a semi-target, networking is crucial. Reach out to alumni or professionals at RBC and other banks to express your interest and potentially get a referral.
   • Strengthen Your Application: If your resume or cover letter can be improved quickly, do so before submitting. A stronger application, even if late, can still stand out.

Remember, while earlier is better for rolling applications, it’s not over until all spots are filled. Take action now and focus on networking to maximize your chances!

Sources: 2018 Full-Time IB Recruiting Timeline Megathread Page, London - Roadmap to FT and SA Hiring, 2018 Full-Time IB Recruiting Timeline Megathread Page, When did banking recruiting get so hard?