Receiving an interview...in MAY
I recently (this past Monday) received an email for an interview for a S&T SA position at a BB firm. Given that it's MAY, and clearly really late in the game, what does this mean?
Does this happen because too many people turned down their offer at this firm? Do I have a better chance since most people already have their summer positions set already?
Any/all comments are appreciated!!!
It's possible that someone may have reniged on the offer this late and they have an empty SA position, or the just need another SA because of demand. Either way, treat this as a fortunate opportunity and work as hard as you can to secure it (so don't think about whether your odds are better or worse, that'll only affect your game).
Good luck!!
Could mean two things:
Firstly, as has already been said, many people have reneged after signing and they need new SAs.
Alternatively, after Q1 results your BB feels that they're going to be hiring more than initially expected and so are looking to increase their Summer Intern intake.
Again, don't pay too much attention to 'chances'. Though you probably do have a marginally better probability of securing the internship, the simple Supply and Demand of applicants to places will mean that you're still going to be competing against very strong candidates.
Also, is it one of BAML or Citi ?
Thanks for all the info. Yes, it's Citi. I'm just really hoping things pan out because if I don't get this, then its a summer of PWM. Nothing like cold calling to make your summer balllerrrr.
Also -- does anyone know (if I am able to move onto succeeding rounds) how many more rounds there are? The first interview was a phone interview, if that changes anything... Additionally, I was asked NO technical questions in the interview. It was barely even behavioral. We just went through my resume and highlighted key points. A good deal of the interview was jokes and humor from both sides. Is there anything that can be gathered from this?
Some analyst quit or jumped ship. Now a desk needs someone to do BS work. Hiring a new analyst takes time and energy, just get a summer kid and fill the gap.
Yeah sounds like an analyst drop, all the BB's have wait lists, people that already went through Super Days. I.e. they make sure they are completely committed before they drop their wait lists, who usually end up committing the next day to somewhere else. That all happens in March, so this had to be an analyst mishap; probably not a good sign for that bank.
Could you tell us which bank it is? I also have an interview with third tier bank next week..
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