application questions: Am I screwed?
Hello dear monkeys,
have been reading this site for a long time and had benefit from it a lot :). Now I am have a real problem and would like to ask for advice.
around 2mth ago I was called up for an interview with a FI desk in an EU bank in HK, and it actually went on quite well. After 2 weeks, I was told by the MD via the phone that they would like to give me an offer, I shall just wait for the contract. The thing is up until now, I still cannot have it.
The HR I've been talking to keeps telling me that their management is review the headcount budget thus I should sit back and wait. the MD also told me the same thing such as I need to bear with them coz it's gonna take a bit of time.
Now I am getting really worried becoz of this Europe thing and this bank is among those mostly hit (think about a French house).
Am I screwed? Does it mean that they are awkward to make any offer that I might end up getting nothing? Appreciate u guys' opinions..
am in just about the same situation right now. Would also appreciate any input
Approvals tend to take some time, particularly with hiring restrictions in unstable markets. Not screwed necessarily, but I would keep looking.
GS took about 3 months to physically send the contract to a friend of mine, so it might be true, but I'd keep looking just in case.
If you're not part of a formal recruiting cycle, unfortunately, things like this can happen. It's still possible to get your offer, but keep looking elsewhere.
it's looking pretty bad, even for the formal recruiting cycle - rumour is that a lot of the bb shops in europe is in a hiring freeze right now.
Not to be cheeky or anything, but a good indicator of how screwed you are is to look at the inverse percentage of your bank's stock as a % of June highs.
Had this happen myself. Went on a bunch of interviews with the firm and was told I was going to be extended an offer. After a few weeks of going back and forth I was told they were just waiting on approval to hire. A little while later I was told they weren't able to raise headcount and that time.
As long as it's not Société Générale, you should be fine.
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