Has anyone had any luck with these? I've had interviews at several of the shops doing these programs and even funnily enough interviewed for one role twice in a 6 month gap and had no luck. Seems like these shops have had their postings out for 9+ months and are still looking... what's the deal?
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Based on the most helpful WSO content, it's not uncommon for firms to have long hiring cycles, especially for competitive roles like Associate Programs. Here are a few reasons why these positions might seem to be perpetually open:
If you've interviewed for the same role twice within a six-month period without success, it might be helpful to seek feedback from your interviews to understand any areas for improvement. Additionally, networking within the industry can sometimes provide insights or even a foot in the door. Keep honing your skills and don't get discouraged – persistence is key in the competitive world of finance.
Sources: 2022 ADC/APD Summer Programs/Full-Time Applications Thread, 2023 ADC/APD Summer Programs/Full-Time Applications Thread, 30 Weeks Later (Associate Edition), Does anyone have any insight into the Morgan Stanley Equity Research Junior Associate Program?, Audax Associate Program in 2023
All of these firms have lost their minds given the job market. They think that everyone from the BX acquisitions team is suddenly going to downgrade four levels and that’s how they’ll fill the position. There’s a false sense of security since they can always circle back to the other thousands of applicants.
The issue is that once deal flow starts to pick up again (which it absolutely will), you’re going to have to settle and you would’ve lost out on a ton of valuable training time.
Speaking as an employee at a top shop that’s been trying to hire for a simple analyst/associate role for six+ months. Would hate to be strung along for entire months.
hire me
Why have they not hired anyone? Looking for a unicorn/ pay too low? Or just spooked by the market?
no clue... went through several rounds for pretty much every program out there. Gotta say my interview skills are pretty good.
Right! Lmao. I interviewed a while back for one of those 2024 associate roles. MSREI, StepStone, CIM, GIC, and more have had postings up for what seems like almost a year! Looks like there is no talent in the entire US that is good enough... in all seriousness tho, I'd bet they are waiting for IB folks to make the jump, but no one wants to jump into a shaky industry right now. Just one part of my theory.
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