Alger Summer '24

I was wondering if anyone has heard back from the process yet. I had an HR phone screen, R1, R2, and an assessment. I was wondering if anyone heard anything beyond this point. I know their HR is slow. Any insight/help is appreciated.

6 Comments
 

Based on the most helpful WSO content, it's not uncommon for HR processes, especially in high finance, to take a bit longer than expected. The HR phone screen followed by multiple rounds of interviews and assessments is a standard procedure for many firms, including those in investment banking, private equity, and similar fields. Given that you've already gone through an HR screen, R1, R2, and an assessment, you're clearly well into the process.

A few points to consider based on similar experiences shared on WSO: - Patience is Key: Many candidates have noted that the time between later rounds of interviews and hearing back regarding a decision can vary widely. It's not unusual for this part of the process to take several weeks or even longer. - Follow-Up: If it's been a while since your last interaction (typically a couple of weeks), a polite follow-up email to HR inquiring about your status and reiterating your interest in the position can be beneficial. It shows your continued interest and can sometimes prompt a quicker response. - Networking: Continue to leverage your network. If you have contacts within the firm or industry, now might be a good time to reach out for insights or advice. They might not be able to expedite the HR process but can offer valuable perspective or even put in a good word. - Preparation: While waiting, continue to prepare for potential next steps, whether that's more interviews or an offer discussion. Review your notes, refine your understanding of the firm and its culture, and stay sharp on any technical or behavioral questions that might come up.

Remember, the hiring process in highly competitive fields can be lengthy and somewhat opaque. It's a test of not only your skills and fit for the role but also your patience and persistence. Keep a positive outlook, and use this time to continue improving and preparing. Good luck!

Sources: Rant about HR phone screens, Unemployed and living in parents' basement, losing hope, First round phone screen interview with HR... answers to have for sure?, Is the Hiring Process Broken?, My PE Recruiting Process

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Esse sit sed culpa eius. In voluptas voluptas sunt.

Saepe ut repudiandae nulla ad pariatur voluptas dolorum. Ea aut vel sed architecto et accusantium. Eveniet aspernatur ipsum et ut voluptatem voluptas excepturi. Ab sed rerum sit et. Aut doloremque et cupiditate quas.

Pariatur magnam dicta voluptatem quo tempora ut vero. Tempore quo et sint et. Dolor aut voluptatum voluptate itaque magnam amet. Maiores voluptates modi vel consequatur quia in enim. Eaque est beatae quia vel. Quod natus quibusdam quidem recusandae ea impedit est. Ipsam provident dolor sequi aut eius voluptatem mollitia enim.

Et consequuntur dolor asperiores animi voluptatem. Ab reprehenderit reprehenderit odio laboriosam vel modi. Iste nihil eaque fugiat est. Provident tempore laborum et voluptatem voluptas nam autem. Sed et distinctio nam temporibus quasi veritatis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
98.8
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...”