In general, what do you do at each stage? Obviously, these things take on a life of their own, but what are some general rules?
Assume the due diligence is done and you’ve made a handful of meaningful connections within the firm. We aren’t talking about just submitting a blind app online.
Starting with a phone interview: how long after applying do you just give up on the phone interview?
After the phone interview, how long until the next stage, the in person interview?
Finally, after the third round it’s safe to assume they’ll at least let you know what the status is. I’ve had offers come the following day, as well as 3-4 weeks later.
I graduated over the weekend and have 4 firm offers and a fifth soft offer. This is down from 7 a week ago. I had to reject a few and I must answer all of these firms ASAP. Is it appropriate to bring up the other offers to connections in a follow up prior to ever receiving a phone screen? How would you phrase it? I’m making one last push at a few jobs. One I actually really like, and on the bright side, I love the location!
You've had 7 initial offers that you've narrowed down to 4 solid ones right now and none of those are as good as this other one you want when you haven't completed any first round or screening?
Well, yeah of course. 2 of them wanted an answer within 24 hours. One of them was super unprofessional and began to pressure me when I said I’d think about it.
The remaining 4 are just fine. Not good, not bad either. But this final one I’ve got my eyes on is going to get me closer to where I want to go, faster, and it’s in my favorite city in the world. The 4 that stand have so so locations.
I think the choice is clear, if I can get this job. I’ll take this job.
To answer your initial questions in your original post, most firms will have different interview processes that could span anywhere from two to three interviews, and in some cases these events may all occur within a week or a month of each other. It might be a phone screen by HR, followed by two in-persons, or one phone interview with an MD/Principal/Analyst/Associate and then an in-person with the whole team. Every place is different, smaller firms tend to move more quickly, larger firms will move more slowly. And not only does size matter, but what area of work in the industry they do brokerage, REPE/REIT, Lending, etc. Brokerage might move through the process more quickly than an REPE firm.
If you're a new grad, you can't be too choosy or wait too long, a lot of shops are very lean and don't have a lot of junior people to begin with. You might get better responses in this thread by adding more detail into what these roles cover and what you want to do career-wise.
I've gotten invitations for phone screenings that day after applying. However, I believe that this short turn-around is usually seen is smaller firms. In-person interviews are usually no more than 2 weeks after the phone interview. And finally, the offer is often given with 1-7 days.
Overall, the interview process for smaller real estate firms is 4 weeks from the day that the application is submitted to the day that the offer is given.
I can certainly relate. Now, I’m wondering about the phone screen. How long does it take to get that? Is there any sense in following up with a connection and inquiring after 2-3 weeks? Further, is there a way to say “if given an offer, I’ll take this, but I’ve gotta answer others” (basically, tell me if I’m in or not, so I can answer the other offers).
My experience tells me it may be pre mature to address this as I haven’t even had the first phone call. I do have a connection in the company and I applied the first day I saw it on LinkedIn.
I agree with your other insight and it’s accurate.
Depends on a several key criteria: how structured is the process, how quickly they need someone, and how many people are applying. If it's a formal process with a headhunter mandated to run it and source candidates, it can move quite slowly, whereas if your connection can put your resume in front of someone who needs resources immediately it can be completed within a week or two.
Reach out to your connection, ask for advice on the 4 offers, if they're impressed and there's an opening at their firm, I imagine they would push you towards applying there and help expedite the process internally.
Application process: How to get a feel for the timeline? (Originally Posted: 05/09/2018)
I know there are externalities, but what is the best way to getting a feel for the application timeline?
If you applied with a connection as the reference for example, you then have someone to reach out to.
I’m wondering this: how long should you wait for the initial phone screen, before moving on?
How long should you wait after the initial phone screen? (I’ve always heard 2 weeks)
At this point I understand there isn’t much that can be done and I may be incorrect in thinking that prior to the phone screen there is no need to mention timelines for your other offers?
Well, I reached out to the connection and they said they’d make sure my resume gets a look. I dont believe the need is that urgent.
I’m hesitant to bring my other offers up to connection in detail as 2 are for equity research, 1 is for Corp fin and 1 is for investment consulting. This is Real Estate and I don’t think it will necessarily help my case. I do think there is a way to mention it. During the next time I follow up just to find out if I have a shot, or if I should move along.
I followed up after I applied. When the 2-3 mark comes around (2-3 mark, no phone interview), should I follow up an say that I just graduated, and wanted to check in? I also wanted to know if you had a timeline for the hiring as I need to answer to a couple people ASAP?”
Hi illini29, just because I'm a bot doesn't mean I don't have feelings...I'm hoping these links are helpful. If not, feel free to throw monkey shit at me...
If we're lucky, the following users may have something to say: mdp @rach_2018" Frank B
I hope those threads give you a bit more insight.
Be honest, tell them you have a 4 offers but they're not for RE which is what you're passionate about pursuing a role in, have they been able to get your resume a look and if so do they have any further information?
If they aren't willing to push it internally / expedite it, I wouldn't hold out for it.
Job application timeline (Originally Posted: 01/27/2011)
Unless the unthinkable happens and I get an SA position for the summer I'll be graduating in May, since I'm already a 4th year. So I'm looking for jobs that can lead to IB later on, like F500 corporate finance, big four advisory, ratings agencies, leadership programs, etc. The thing is, I have no idea what the recruiting timelines are for these top tier jobs.
Is it as regimented and early as IB recruiting? I know that the big four in my school did their audit recruiting in the fall, so is it too late to apply for advisory with them? And how about most entry level corporate finance positions, is there a standard recruiting timeframe or do they just hire on a rolling basis?
He sure did. He seemed somewhat thrilled. I said I applied. He said fantastic, did you mention me in the app, its the best way for him to get ahold of it. He also mentioned I got my app in early and they hadn’t Done much yet.
In my opinion the reply was good. He wouldn’t write a paragraph if he didn’t want to pursue me even in the smallest capacity.
It has been 2 weeks now, maybe I can write to him early next week and say i wanted to check in and see if he had an update or a timeline? And then mention the other offers and see if I am really a top candidate?
Humpty bumpty
try GE FMP
I go to one of the top schools for accounting. Accounting jobs tend to be during the fall, but there are definitely some during the spring. All of the Big 4 accounting jobs recruit out of my school, but I did notice some corporate finance internships during the spring. Hope this helps
I'm not an accounting major so as far as the big 4 go I was looking more at advisory than audit. I think my best chance at this point is some kind of corporate finance role at a F500 company, but they don't recruit at my school for finance. So I'm kind of confused about how to apply for those jobs, or when to do it, other than by filling out hundreds of online apps.
you know your contact best. if you know him as well as it seems, i wouldn't be afraid to reach out borderline pestering, but not reaching that thresh hold. he might be playing a waiting game with HR just like you...HR is great until they're not, then they can be a huge bottle neck.
otherwise, narrow the 4 offers down to the one that sets you up best for RE in the future. there are other threads on this site about accepting an offer, and then reneging shortly after. not ideal, but if your contact comes through in a few weeks - few months...who is going to stop you from taking the best job for your career.
just keep professionalism in mind and don't make it a bad habit.
Ah! To be honest, I don’t know him that well. Not an alum or anything. I just reached out to him in the fall. We spoke, I followed up with a cover letter/resume and he never shut it down. He said there would be an opening at which time he would encourage to apply and we can go from there. He said he would let me know when they began the search. He’s very senior at the firm, so I didn’t really expect him to chase me to apply. I found it myself, it turns out right after it was posted - maybe he didn’t even have time to reach out.
But, he does seem like a nice guy and he usually answers me and even referred me to a guy.
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