Extremely Salty After This Process
I’m extremely salty right now and have nowhere else to bitch and complain besides here. Some employers are really pieces of shit and have zero regard for anyone else’s time. Check out this process I went through a few weeks back.
-HR Reaches out on a Friday morning to do a same day phone screen after I applied for this job ~3 months prior.
-Likes me on the phone screen, and sets up a zoom first thing Monday morning with the team
-Person likes me and invites me to the case study round, which is a 6 hour case study.
-Pass the case study with great feedback from the team member and HR reaches out to get my availability for an in-person superday
-Goes ghost and never schedules superday after multiple follow ups from myself after HR was responding back within 10 minutes on every other email chain
This is a mega fund BTW. I really hate peoples, nothing else to do but laugh at this point
Yeah, those very corporate shops just don't care. Even once you're part of the team people have sharp elbows. If this really sticks with you you probably didn't want to work there anyways.
Sorry to hear about your experience, that does sound shitty. You’ve clearly saved yourself from a hellish team environment if that’s how they treated you during the interview process- now you have an opportunity to find a better shop. Keep your head up!
They scammed you to do an analysis for them that they didn't have time to do themselves. Name them.
I don’t think they scammed me, I think they are just assholes and probably found someone they liked better. They have a decent amount of junior resources
What was the 6 hour case study? They just gave you that timeframe to finish?
I've approached it unemotional at this point, great if you get an interview but wait to get an offer. If they aren't interested move on there are other firms that are and will actually value you.
6 hours. Construction loan with a few (2-3) IC memo slides
Surprised they gave you a full 6-hours for that... Feel like that normally only takes 2-3 hours.
2-3 hours would’ve been borderline impossible. Had to model out borrower returns + cash flows, lender returns and cash flows, and a refinance. I’ve seen as much as 24 hours for cases like this at other mega fund platforms.
I'm confused - 6 hours to build a cash flow for a construction loan analysis and an executive summary with a few bullet points? Why is this not doable in half the time? Maybe you have answered your own question - you don't think someone else in the process could have produced the same thing as you in less time and maybe he was selected for that reason?
It wasn’t a few bullets. It was 2-3 full blown slides addressing the entire deal and debt structure / covenants I’d like to put in place. Either way - I took the allotted time, how is that a negative? And was directly told the model and IC memo were great. Clearly they just liked someone else better, which I also acknowledged in this thread. I don’t think it’s hard to not ghost someone though after trying to schedule a superday
Ghosting from companies sucks and is bs I'm totally with you there. I'm just objectively reviewing the facts you laid out and my view is that task can be completed much faster than 6 hours, and someone was likely able to produce a comparable output to yours in less time. So all else equal, this could be a reason you didn't hear back. Of course they're gonna pat your back when you're standing face to face. Your response is formed by justification rather than an unbiased assessment of your performance for the test that's all I'm saying.
My only issue on this whole post was them ghosting. People find candidates they like better all the time, no harm no foul. We have all been on both sides of the coin.
Yeah, no offense but maybe if you thought it was challenging you didn't do the best on the IC/case. Have never heard of them giving 6 hours and it taking the whole time to build down to levered cash flows. People have routinely done it in 3 and have a great output or it's a 24 hour project but maybe that speaks to it wasn't as good as it should've been.
Try doing it in 3 and see where you get or really reviewing your work and thinking about institutional quality. I could see a passing comment "great meeting you and output was great, we'll circle back in a few weeks" then not respond because it was not what they are looking for. Seems to be the case.
This is the main issue with the internet - I said it was a 6 hour case study and took the allotted time and people are jumping to conclusions. The prompt in the case study said there’s no additional points for work submitted quicker. For reference - both Brookfield and Carlyle have 24-36 hour case studies for similar work output (I’ve worked for 1 of these two). The issue of this whole scenario is the ghosting - not the case study.
can you PM me the case study to spite them?
Mind sharing the city this job was for? I had a similar experience for a role recently on the West Coast.
Nyc
Ah, I have heard of a few similar stories to ours recently. Must be the state of the hiring market. Must be easier to string good candidates through long & meandering processes when there's a lack of other options for them to opt for, I suppose.
Sounds like Apollo
KKR?
Basically every mega fund does this shit, especially these days. Apollo, Brookfield, BX, Carlyle, KKR, you name it.
I work at one of those and my team actively tries not to do that. Have heard of that happening at KKR
Sorry man, no honor in corporate America. I’ve trained myself to never get excited and manage expectations when it comes to this type of shit. I’ve also worked for companies where I saw firsthand jobs being posted and interviews being conducted when there was ZERO sincerity in actually filling the role. “We just want to get a sense as to the candidates in the market”. Such garbage.
100% same here, was at a smaller firm but they had so many postings up with very qualified candidates applying and they never did any real interviews. Really gives you insight into the Linkedin roles and sincerity of companies especially right now. No one cares and people will fire you without a thought.
Wish I could say I trained myself the same way.. Every opening at one of the firms I liked.. I used to start daydreaming about a new life and career path and obsessing over the firm the second I hit apply. The most simp-like behavior ever.
Who am I kidding, I'm still the same. Elliott pls notice me.
PM me, pretty sure they did the same thing to me as well.
Email me w/ regards to PIMCO case. Idk if my messages are going through. Site is glitchy
Not nearly as infuriating as OP's situation, but I'll throw this anecdote into the discussion. I was scheduled for a teams screener and was in the meeting lobby waiting to be admitted by the host when I received a cancellation email (2 minutes after the meeting was scheduled to start). I asked if it needed to be rescheduled and was told that I didn't respect their time...Very odd behavior and likely a dodged bullet.
Hiring seems to be a major crapshoot right now and firms are ghosting left and right.
Is this an NYC based firm? Clown behavior
Nope. Just a SE-based operator.
I’ve been ghosted several times after having 3 interviews, not including HR screen. Sometimes done a case study as well. Like are you f’ing kidding me lol. The least you can do it say you aren’t moving forward with me.
Yooooo I 100% work there now! I did the same exact case study, 6 hour construction loan + IC slides. I literally got the role you're talking about and applied for the role around the time you were doing your interviews lmaoooooo I ate this ninjas lunch!!!
If it makes you feel better the comp package and office both slap as much as they seem they would.
“Member since 10 minutes and 3 seconds ago” you seriously made this account just to troll on the internet. That’s really sad LOL
Numquam nobis dicta harum corporis accusantium. Pariatur rem voluptatem veritatis sit asperiores repellendus.
Ut praesentium temporibus quia in. Suscipit dolorem doloribus voluptatem iste. Corporis quos omnis numquam amet iusto adipisci corporis. Est et dolorum rerum dolorum. Praesentium corrupti consequatur eius dolor eum voluptatem quia ut.
Voluptates ipsa deserunt qui aut aut ducimus. Quasi rem distinctio officiis sed perferendis ut. Nostrum assumenda voluptate nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Deserunt quidem dolorum facere velit aspernatur. Et consequatur eos excepturi corporis libero omnis commodi quis. Ad nulla minima voluptatem magni. Quam nihil sunt ut dolore. Aut ut mollitia autem veniam magni voluptas qui. Ut natus beatae est at aut quas.
Est aut voluptatem error. Itaque id molestias aut earum. Adipisci et eos iusto mollitia error occaecati.
Dolore qui iure id. Sint sint perspiciatis hic similique iusto minima rerum esse. Totam provident sequi et ea quidem excepturi. Architecto ipsum quibusdam fugiat quis.