Experienced Hire - How Long to Hear Back?

Hey folks -

Currently at a BB and have interviewed with another BB last week (mo/bo role) to lateral hire as an associate. It has been almost a week and I have not heard back yet. Typically, what is a reasonable time frame for me to follow up with HR? Better question, typically how long does it take for HR to reach back with a decision for an experienced hire?

Would appreciate the insight from folks who have went through experienced hire recruiting.

Thanks!

 

It depends on a number of factors: how critical the need is, how many candidates they still have to interview, whether the role is in flux. Not hearing back for a week and then contacting your recruiting contact to reaffirm interest is fine. They'll usually respond to those types of e-mails with something. I guess a lack of response to a direct inquiry would also tell you something but I've never had that happen where I just got ghosted by a recruiter.

 
Managerette:

It depends on a number of factors: how critical the need is, how many candidates they still have to interview, whether the role is in flux. Not hearing back for a week and then contacting your recruiting contact to reaffirm interest is fine. They'll usually respond to those types of e-mails with something. I guess a lack of response to a direct inquiry would also tell you something but I've never had that happen where I just got ghosted by a recruiter.

SBed.
  1. Do recruiters tend to keep you pending for a while or do they inform you directly (timely manner) that they no longer have interest in hiring you?

  2. In my particular situation, my contact at the bank (senior MD), passed my resume to the head of the team that was hiring. How much leverage do I have in this scenario? Despite me doing well in all the interviews, what are the chances that the team could turn me down even with a referral from my MD contact? Do not mean to portray this as if I am privileged to be given the job with this connection, but trying to be realistic in this whole game of politics.

 
Best Response

Most companies will let you know pretty quickly if the match isn't there (within about a week or two): some will do it personally and others may let you know via an automated rejection e-mail that can end up in your spam. Some might not follow-up because the recruiter is too chicken shit to tell you. In your case I would assume "no news" isn't "bad news".

A BB should be honest with you if you're still in consideration but they haven't been able to make a decision yet, especially since you were a referral from a Senior MD.

Unless you're directly descended from this Senior MD, all the referral did was get you in the door. Even then, it won't guarantee you a role you want but may guarantee you some bullshit role in some back office function. Sure, it's one more person to speak up and say you're great but it doesn't guarantee you a job. This isn't a small, family business so they need to make sure that all their hiring practices are above board. Hopefully HR will at least send you something in response to a polite inquiry so you can have a better idea of where things stand. Good luck!

 

I reached out to HR after 2 weeks of not hearing back and they said I am still in good standing with good feedback on my interviews. Looks like they are still in the midst of interviewing, but its almost approaching the 3rd week.

Questions..

  1. Does experienced hire recruiting process typically take this long?

  2. Would it be inappropriate to email the manager of the team directly that I interviewed with asking for further updates?

Would appreciate the response!

 

Dolorem saepe minima eos rerum. Aliquam perspiciatis nemo voluptas dolor aliquid. Quia neque in sint veniam assumenda mollitia.

Qui tenetur beatae quis libero corrupti molestiae repudiandae. Sint voluptatum quasi ducimus quos autem. Eius suscipit quia debitis odit inventore at cumque.

Vitae in quis dolore tempora recusandae voluptatibus temporibus. Autem sequi aut eius optio beatae fuga. Vitae illo id quisquam dicta vitae deleniti doloribus.

Beatae molestiae vitae voluptatem velit vel. Omnis pariatur repudiandae sit non dolores vitae nemo.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
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...”