I Interviewed with 6 top companies with no offer - why?
I'm a current Junior at a West Coast target school (think USC, UCLA, Berkeley) with a 3.9 GPA and some previous work experience and campus involvement. I've had the chance to interview and super day with GS, JPM, BOFA, Citi, Ares Management, and US Bank for wealth and asset management roles. I personally thought all of my interviews went well and I received positive responses from them. That being said, I've been rejected from every single role.
I know the job market is tough right now, but seriously I can't wrap my head around what I'm doing wrong at this point. The wealth and asset management field isn't even that competitive from what I've heard (compared to IB). What can I do to find what I've been doing wrong and what can I do to fix it?
Because this process is far more random than you think
How many rejected you after superdays or 1st rounds that’s a better measure ? That might be more of a “fit issue” I had that when I interviewed at the beginning it was the way I came off or talked so even if I had aced technicals & the rest, it wasn’t enough to get an offer from SD
All were superdays
Damn that’s impressive that you got to an SD at all of those! Hmm did they give you any feedback or can you ask for feedback at all?
.
You’ll soon realize it’s a total shit show.
biggest piece of advice I could give is never be complacent on the recruiting efforts/networking until you have an offer.
there have been countless times where I smashed superdays or been led on by the head of a group. While interviewing at PIMCO the final interviewer and group head legit told me “your everyone’s favorite candidate” and “looking forward to getting to know you this summer”
next day I was hit with an automated rejection email and was ghosted by the recruiter.
During that time I wasted almost a week of intros/emails and felt like I lost recruiting rhythm and momentum. ( I sound like such a dork ). Keep grinding, be patient and the offer will come when least suspect it and thankfully I have a job that’s 10x better than that pimco one lol.
Could I ask for you to elaborate on this piece? Did you find that networking made a difference in the better offer you accepted?
Thank you!
He means you don't have an offer until it's literally signed and in your hands so don't make the mistake of believing you do no matter how well you think things are going. Continue to operate as if you don't.
Yes and no ( because I was lucky)
networking helped a ton in landing my internship which had an amazing brand name. This led to me getting a first round for full time at a firm that I did little to no networking with. Once I got my first round interview date I continued to hustle my nuts off to connect with as many people I could on that team.
I met with a great guy, really hit it off and he ended up being my final interviewer of my superday. The next morning I got the offer.
never stop networking but also realize luck is heavily involved. I was shocked when I got a first round interview for this job. Luckily I was in NYC at the time and I was able to the interview in person instead of Zoom like the other candidates. ( I think this was very lucky and definitely attributed to my case in differentiating myself)
1. As everyone said, process has a degree of randomness.
2. You might've had a good interview but honestly there are a lot of candidates that do well in interviews. After all is said and done, your application gets looked at again holistically - interview feedback, CV (do you go to HYP?), and then a decision is made. If you had good interviews but so did the guy with more relevant internships and goes to Harvard, guess who's on the team sheet?
3. A&WM is a very broad division which at GS, for example, includes things like the PE franchise/merchant bank (very competitive) all the way to marketing. It's not necessarily uncompetitive, some of these roles may be more competitive than IB. At MS these divisions are split. At BofA I'm guessing this is WM so you're correct.
you need to either have a dad that works in C-suite or IB/PE or be a transgender black woman to get an IB job in this economy
You're probably doing everything right. SA recruiting is so random and ends up being a complete shitshow. Everything about IB is just so fucked up I sometimes think this is alternate reality
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