What's up with intern candidates ghosting after accepting offers?
Have had multiple candidates accept offers over the past couple years just to either ghost or backout without reason weeks before. It seems to be the same profile every time. Great experience, 3.9-4.0, good school. Seems they are just accepting as a just in the case they don't lock in something better and not actually interested in the job.
Everyone says they want to put in the work but this is just sad. They're ruining it for other candidates that are serious about the posting. It leaves the company with a smaller SA class than they wanted and multiple candidates bummed they didn't get their #1 choice.
Anyone else having this issue?
Btw - Not talking about some small fund or shop. $50bn+ manager
This definitely happens. I’m a college kid going to a larger established REPE manager and have gotten maybe slightly better offers since. Kids are reneging a lot for some reason, I think part of it is going to firms that might sound better to normal finance people vs real estate people. I think your reputation and trust you build in the industry is probably lot more important than an extra 10-15$ an hour or slightly more AUM. Give a shot to a hardworking Sophomore if your firm already budgeted the SAs is my advice.
I’ve seen it too. We had a kid last 1 month and another 1.5 months a few years ago. Both quit for other very similar roles that they probably already had before our start date.
Companies have been increasingly treating applicants and employees like shit for years.
Seven rounds of interviews and take home tests because they can’t make up their mind after 1-2. Bullshit job postings when they know the role will go to an internal hire. Return to office mandates and “AI first initiatives” that are thinly-veiled attempts to reduce headcounts. Performance improvement plans and whole HR departments that exist not to improve your performance or improve how a workplace operates, but build a paper trail to justify termination. 24/7 monitored connectivity expectations.
Companies reap what they sow.
I understand the lack of empathy from the candidate if the company acted like that but in this case it is just not true. 1 phone screen + 1 panel interview and then the decision is made. HR is there just to assist in the scheduling.
I've see the other side of the spectrum though. It is grueling and endless.
It’s not about your company specifically though. It’s “companies in general.” Good companies suffer along with the bad.
The kids know that firms ain’t loyal and they’re just treating them with the same callous disregard that they are treated with.
People are waking up to the realization of the fact companies do not care about them, and they, in turn, should not care equally back. The second something better comes along - you think companies have loyalty and won't think to cut headcount in a minute if it were to their benefit?
What's the surprise when the employees come to the same exact realization? That they should act in their best interests, at all times.
Amen bro. Companies are fucking ridiculous now.
You guys looking for a grad school intern? Haha
Rapid individualism were brought about by the powers that be. Welcome to the new normal. Now zero f$&ks are given all the way around. Social contract of work and worker is completely broken. 🤷🏾♂️
Yes, but it's corporate America that broke that contract, not labor. This is simply a rational response to prevailing conditions
Easy there Trotsky
That means your company either doesn’t provide the best experience or doesn’t pay the most. I would quit on you too if I found something that ticks those boxes.
There's always going to be a better experience.
Plenty of companies revoke offers or ghost candidates. Why should it be any different on the other side? Once you've told someone they're valuable and have options, they're going to leverage that. Over the last 40 years, corporate America has made it clear that they don't give a shit about their workers, that they're simply an input to be cut when times get tough - shareholders or investors are given preference over every other possible consideration, and potential hires know that'll be the case. So of course they'll look out for their own interests as well. This is called "reaping what you've sown"
Agreed. The only thing the sucks is the timing and ripple effect on other candidates that were serious about accepting if offered. In one case we had a candidate accept offer for SA 25' in March of 2024 just to back out three weeks before start date. I understand reneging and taking the better offer but cmon. Just don't accept something you're not willing to commit too.
Employers ghost during interview processes so now potential employees ghost. Seems fair to me tbh
Del
They decided to pursue careers in Tik Tok, don’t take it personally
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