I had a super day with a regional MM firm 2 weeks ago. I was told that I should expect to hear 2-3 weeks from now. I understand that most offers are sent out days, if not hours after the conclusion of the super day.
I was told that they were currently experiencing heavy deal flows at the time of the interview. Could that explain why I haven't heard back yet?
Please share your thoughts. Thank you.
| +138 | Is my life over after not getting GS? | 32 | 4h | |
| +73 | Best IB group on the Street | 35 | 3h | |
| +66 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
| +58 | BIG FOUR ARE PARADISE | 15 | 22h | |
| +49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 14h | |
| +38 | UBS Outlook | 28 | 2d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +32 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 8h | |
| +26 | Very ridiculous interview feedback | 13 | 8h | |
| +26 | Got RBC offer but I have cold feet accepting. | 34 | 11h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Yeah, you should definitely move on and focus on other opportunities. Maybe you are an alternate if their first choice doesn't take their offer but yeah 2 weeks is so long
Agree you are likely an alternate
I was told that they are still reviewing all the candidates. Would you happen to know whether that means they are interviewing more people or that they are still deliberating on who to give offers from that super day?
Is this in the southeast?
no
You're almost certainly an alternate (and offers have likely already gone out to the top candidates). In my experience, let's say 8 people interview in a given superday - will give out 1 or 2 offers usually same day (or very soon after), with most people rejected, and maybe 1 or 2 on hold. Unfortunately, most of the time on hold turns into a rejection.
Thanks for your input. If they are a lean team and am told that they are still reviewing candidates (was told this recently), is it at all possible that they are genuinely running behind sending out offers? I'm just not sure why they wouldn't tell me that I'm on the waiting list.
They won't ever confirm you're the waiting list because they don't ever want you to feel like you're on the waiting list.
There is absolutely no harm in reaching out again and, if this is true, expressing that they are your top choice and you are very excited at the potential to work on their team, etc. If it ends up going to an alternate (i.e. the candidate they extended an offer to says "no" after getting a different offer), the next person down is usually the hungriest / highest likelihood to sign. Be that guy/gal.
I had a similar situation. Entire process from SD to rejection took about 4 weeks. Every week they would reachout and update saying "they still needed another week". Figured I was middle-bottom alternate and then got rejected lol
that's brutal. I'm sorry to hear that. Hopefully that doesn't happen to me haha.
This has happened to my multiple times (not just IB). For IB, I would say as a rule of thumb, 24-72 hours is the timeframe for receiving an offer and anytime after that, you are on hold with the very low probability of getting off the waitlist.
I remember how after every IB interview I would nervously check email and phone frantically (which is impossible to avoid doing), but after a week of not hearing back, I would follow-up and then move on for other processes.
Keep grinding away with other roles and I am sure things will work out.
Natus sit eius velit porro numquam tempora voluptates. Alias temporibus aut iusto ab impedit distinctio qui. Repudiandae dolor accusamus saepe iusto magni a nihil mollitia. Sed ratione dolorem impedit quo. Deserunt maxime quaerat sint et animi. Enim nostrum non sunt tempora velit ipsa. Et impedit quas cumque sit qui distinctio.
Omnis consequatur blanditiis exercitationem est eius enim et minus. Itaque reprehenderit quia est beatae. Tempora modi cupiditate et aut maxime non. Et ab ea et et dicta. Molestias porro et corporis quia saepe ut.
Corrupti magnam quis adipisci repudiandae sed. Sit excepturi quos nesciunt non inventore voluptas sed. Eius officiis qui omnis praesentium. Aliquam nobis architecto aut quaerat qui.
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...