What's a good number of BB first rounds to have?
in order to get at least 1 offer? Are the odds such that you need like 10, or will 4 suffice?
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1 is enough. You'll see people go 5/5 and you'll see people go 0/14. If you can't get past the first round, you're not going to get the offer.
I don't completely agree with the above. Most people that get any offers at all, make it through all their first rounds, however some get dinged in the finals. I would say if you can't close the deal after 3 shots, there is a good chance it won't happen at all.
it's not how many interviews you get, it's how good you are at the interview(s)
If you interview well, it doesn't matter. You'll get picked up if you nail the 1st round and hit it off with 2 of the 4 people on Superday.I was a retard on my first couple of summer internship interviews last spring, so I changed things up in my pitch and got an offer in March.
Having more isn't a be-all-end-all but it DOES help. Looking at the people that received offers this SA recruiting season at my school, most people got 1-2 offers with a star racking up 6 offers for himself. Pretty much the same handful of people got all the first rounds. So if you look at the people that got 1-2 offers, if they had say 4-5 interviews instead of 15, they could very well have ended up with nothing.
Like it or not, it's a numbers game. That being said, it's not ONLY a numbers game and you also have to be able to interview well and you've got to know your stuff. Pretty sure you've figured this out on your own but it does help to have people reiterate what you already know :).
Good luck!
I know a surprisingly high number of people who got into banking with just 1 first-round.
... If you interview with one firm and they like you, you get the job.
Remember, you will always be a salesman, no matter how fancy your title is. - My ex girlfriend
all that being said... it does help to have more practice, so in essence if you don't do mock interviews beforehand and go straight into the real deal, then yeah it's probably better to have that added experience of merely interviewing
but i don't believe it's a statistics game... at the end of the day, it's what will make you more confident that matters
It's not random so more doesn't necessarily mean better. The best kids will get offers everywhere they interview and the worst will never get any, no matter how many times they interview. I would say if you get past the phone rounds with 4-5 places you have a good shot at nailing an offer, mainly because the more interviewing you do, the better you will get at it by virtue of experience.
I have to disagree with some of the above comments. Having more 1st rounds will definitely increase your chances. Firms will almost ALWAYS ask you what other firms you are interviewing with, if you can drop some big names you'd be held in a lot higher regard. Instant brownie points.
This is especially critical in final rounds. I recall a terrible mistake I did. Because I didn't bother to apply for some of the lesser MM's, where as one of my friend got a an early offers from one of them, the table actually turned in the candidate's favour. Through chatting with him, he told me that his final round with other top BBs was basically the MD pitching to him why the top BB is better. This is opposed to my final round with the same top BB, it was me pitching myself to the BB without any other offers at the time.
Its a losing battle if you go in with less on the table.
Yeah, it's always better to have more offers to make it look like you're more desirable/qualified for the bank you prefer. My last interview this season was at my top choice bank, and by then, I'd already secured 6 BB offers and 2 elite boutiques (think Greenhill, Lazard, Centerview). The people I met with were pretty impressed, and even though my final rounds didn't go extremely well, they got back to me quickly with an offer and specifically said "we know you have a lot of other offers to choose from, so we just wanted to make sure that we got back to you quickly, and we'd be happy to answer any questions that you have/host you for a day at the firm."
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