Comments (71)

Apr 17, 2007

TRANSCRIPTS

    • 1
Apr 17, 2007
maco:

TRANSCRIPTS

of course they do. what kind of question is that?

Apr 17, 2007
  1. Mine took 2 weeks
  2. My bank has an online system where you can check your status.

maco: Yes, my bank requested my high school transcript.

Apr 17, 2007

high school transcript?

dunno about that

Apr 17, 2007

Yes, high school transcript. I had to sign a release form for both high school and college transcripts.

Apr 17, 2007

What's the point of getting a high school transcript? Do they request this before or after the offer?

Apr 17, 2007

Streetluck, are you saying it took two weeks after your offer or they actually spent two weeks going through your background info?

Apr 17, 2007
dealmaven123:

Streetluck, are you saying it took two weeks after your offer or they actually spent two weeks going through your background info?

It took them two weeks from the time I sent in my background check info (release forms, employment history, address history, etc.). Other summers I have spoken with at my bank reported a similar waiting period.

I have no idea why they needed my high school transcript. All I know is that I signed a release form giving them permission to get it.

Apr 17, 2007

what are they looking for in your transcripts? And overall, what is their intent on the search? to verify what you have said?

Apr 17, 2007

I've never heard of someone needing a high school transcript (not saying I don't believe it though)

Apr 17, 2007

Goldenstate,

The college one makes a lot of sense (see the current poll). I'm surprised high school transcripts would be used since those grades aren't really part of the picture. I'm also surprised no one has mentioned SAT reports since these might get lied about as well.

Apr 17, 2007

Personally, I was never asked for my HS transcript.
I had to give my SS# and DOB and sign a release permitting them to do a full background check on me.

Apr 17, 2007

Yeah, my bank might have gone a little overboard on the background stuff. I had to give them 10 years of employment history, address history, education history (this itself took me about a week to get all the information together).

My roommate, who is working for a different BB, had a very simple process compared to mine. My whole process (from signing the letter to clearing the background check) took almost a month, and they still only give me "preliminary clearance". I have to give them my fingerprints during training for final approval.

Apr 17, 2007
StreetLuck:

Yeah, my bank might have gone a little overboard on the background stuff. I had to give them 10 years of employment history, address history, education history (this itself took me about a week to get all the information together).

My roommate, who is working for a different BB, had a very simple process compared to mine. My whole process (from signing the letter to clearing the background check) took almost a month, and they still only give me "preliminary clearance". I have to give them my fingerprints during training for final approval.

I think I'll see you when we get there. Mine is still under review. School, employment and residence in several countries--info needs to be translated. ...to confuse things further I am a multi-national, one being American. HR is talking with me almost daily, they say I win the record so far for most difficult background check yet...and shit, that's only for 10 years--if they wanted to go from birth, it will take years to get done!!!! I think it has been almost six weeks and counting now.
And yes, HS transcript required for me too.

Apr 17, 2007

streetluck - do u happen to work for Goldman b/c their backgrounds are notoriously thorough

Apr 17, 2007
ibanalyst:

streetluck - do u happen to work for Goldman b/c their backgrounds are notoriously thorough

I'd rather not confirm/deny this, as I'd prefer to keep my anonymity.

    • 1
Apr 17, 2007

How do they go about checking employment history?

What if you were been employed under the table from freshman year until senior year and reported that on your resume?

Apr 17, 2007
JackDole1029:

How do they go about checking employment history?

What if you were been employed under the table from freshman year until senior year and reported that on your resume?

As long as you can get one person (your manager) to vouch for your time there, you should be good. They only asked me for my manager's contact info.

Apr 17, 2007

Yeah, I was employed under the table for a long time too. Since this is obviously illegal, there's no way HR is going to confirm me working there. How do you write that in to the background information. Any thoughts? Anybody been through a similar situation?

Apr 17, 2007

My under the table will stay on my resume.

Apr 17, 2007

What if you are the owner of this under the table organization?

Apr 17, 2007
JackDole1029:

What if you are the owner of this under the table organization?

If you were self-employed, you need to give them the contact info. for 2-3 "reference customers" who were your clients.

Keep in mind that this is just for my bank, and yours might have a different procedure.

Apr 17, 2007

StreetLuck, do you know if the process is just as intense for summers as opposed to full-time? Do you think they'll go through and call all the places I've worked? or just the financial ones? Did they really call all your former employers?

Apr 17, 2007

I'm also assuming your check was for full-time, being that they went back 10 years?

Apr 17, 2007
sagacity1:

I'm also assuming your check was for full-time, being that they went back 10 years?

AFAIK, summers and full-timers are subject to the same process.

Apr 17, 2007

What does this process entail? Checking for criminal history and if employer/dates given for employment are accurate?

Apr 17, 2007

HS transcript? Why would they even want it? It's not like they would fire you if you did bad in HS and did well later on in college.

Apr 17, 2007

Why is everyone getting so stirred up over background checks? Knowing if and when your bank does a background check is not going to change whether or not you have to do it. You also can't "go back" and fix what you've said so why stress out about it? Also, why are you doing things that would put you at risk for failing a background check to begin with?

My background check was done a long time ago. I was never notified it was complete. Simply not getting a call was notification. As long as you are honest on your resume and with what you say, you shouldn't need notification, you should know you passed.

Apr 17, 2007
CompBanker:

Why is everyone getting so stirred up over background checks? Knowing if and when your bank does a background check is not going to change whether or not you have to do it. You also can't "go back" and fix what you've said so why stress out about it? Also, why are you doing things that would put you at risk for failing a background check to begin with?

Are you serious? You can't go back and fix something, but can certainly make sure your records at various places are accurate. For example, I had to remind a couple of past employers what my dates of employment were because I was an unpaid intern, and wasn't on their records. If I wouldn't have checked up with them, and reminded them of my employment, my bank would have called some place I worked 5 or 6 years ago, and thought I was lying because I wasn't in the records.

I'm not sure what type of b/g check your firm did, but if I would have just sat back and let it happen without pro-actively anticipating what might go wrong and taking care of things, my background check would probably still be going on.

Apr 17, 2007
CompBanker:

Why is everyone getting so stirred up over background checks? Knowing if and when your bank does a background check is not going to change whether or not you have to do it. You also can't "go back" and fix what you've said so why stress out about it? Also, why are you doing things that would put you at risk for failing a background check to begin with?

My background check was done a long time ago. I was never notified it was complete. Simply not getting a call was notification. As long as you are honest on your resume and with what you say, you shouldn't need notification, you should know you passed.

I'm kind of in the same boat as you Compbanker. Everyone is stressing out about background checks. I was also never notified whether my background check was complete. I also never freaked out over dates or manager's contact information. If I didn't know something, I left it blank.

Apr 17, 2007

Which firm are you guys at?

Apr 17, 2007

I just assumed I passed once I received my relo check.

Apr 18, 2007

Has anybody ever heard of anyone NOT passing the BR check?

Apr 18, 2007
bankerspi314:

Has anybody ever heard of anyone NOT passing the BR check?

Absolutely.

Apr 18, 2007

Street,
When you say absolutely, do you know multiple people who have gotten canned as a result of the BR Check? Would would mind sharing any specifics as to what aspects of the check their firing pertained to?

Apr 18, 2007
wildwestderivative:

Street,
When you say absolutely, do you know multiple people who have gotten canned as a result of the BR Check? Would would mind sharing any specifics as to what aspects of the check their firing pertained to?

One for GPA, one for being unable to confirm employment details (he lied about the reason for termination) and one for lying about his activities on campus.

Apr 18, 2007

Checking on campus activities? If you're talking about clubs, that would be an absolute wild goose chase; there's so many ways to cover your tracks with that.

Apr 18, 2007
paulsonator333:

Checking on campus activities? If you're talking about clubs, that would be an absolute wild goose chase; there's so many ways to cover your tracks with that.

The guy that was turned down for lying about campus activities falsely claimed he was the president of a major organization on campus.

His offer was at a boutique where a 1st year analyst was still involved with the organization as an advisor(same college), so immediately knew the guy was lying. The background check agency didn't check for this, but he was still fired for listing false information on his resume.

Apr 18, 2007

In HS I got a misdemeanor for reckless driving -- thoughts?

Apr 18, 2007

LOL that blows, poor guy.

Apr 18, 2007

How much did your bud bump his GPA that they sent him packing?

Apr 18, 2007
wharton2wallstreet4life:

How much did your bud bump his GPA that they sent him packing?

Sorry, no idea. I do not know this guy personally.

Apr 18, 2007

One girl was turned down at a BB firm because she got a negative reference of one of her part time jobs in the past..

It appears we may conclude that there seems to be 3 reasons to be turned down:

  1. Criminal record/Bad credit history
  2. Lying on the resume about activities on campus or internships etc you have never done
  3. Receiving negative references from past part time or full time jobs
Apr 18, 2007

what's the consensus on criminal records? does it have to be a criminal offense, or can it be something like an ordinance violation (for underage possession of alcohol)?

Apr 18, 2007

I don't think they'd care about underage possession of alcohol

Apr 18, 2007

This whole ostensible background check process is just scarry!

Apr 18, 2007

I have a friend who has an offer from a bb but he has a $20k amex bill he hasn't paid (and it's about 7 months late). any thoughts? you think his offer will be rescinded?

Apr 19, 2007

What was he thinking? is he that broke? you could at least make the minimum payment...but I personally think that wouldn't be enough to take an offer away

Apr 19, 2007

no he isn't broke he's actually a baller. 90% of it was spent on magnums of cris haha.

His Amex isn't a credit card its a charge card (i.e. the balance has to be paid in full every month)

Apr 19, 2007

Yup, buy champagne with money you don't have is the sign of a real baller...maybe a mini-baller.

Anyway, my bank checked my credit history and I am under the assumption that is does make a difference. People who don't pay their bills and can't be responsible for their own finances and personal lives are not the types you want working under you. Too much potential drama and irresponsibility.

Apr 19, 2007

Planning to rob a liquor store and don't want to do it until your background check is out of the way?

Apr 19, 2007

Curious as to if employers give time for the most recent GPA to kick in because recruiting essentially concludes at the end of my semester.

Apr 19, 2007

What impact will a previous arrest on your record have, such as drunk and disorderly? As long as it is fully disclosed before the background check will it be a problem? This is for full-time.

Apr 19, 2007

Or are you planning on disclosing it before they run the background check?

Apr 19, 2007

I would disclose it and personally call HR before hand to try and clear the matter up. Would this be the best route?

Apr 19, 2007

...

Apr 19, 2007

I would also appreciate people's response to the above question

Apr 19, 2007

Alright, if I were to take guess, I would say you have to disclose it on the background check form because any inconsistency between the form and your resume usually raises flags. Since your boss is out of the country, I highly doubt they can track him/her down.

Apr 19, 2007

from my exp, background checks were done after you accept the offer and it's usually done by a third party. However when i worked for a certain BB firm (now a bhc), I didnt get background check results until my third month of employment (there was a discrepancy with my summer job listed as during my freshmen yr vs sophomore yr). I had to get my summer employer to contact them to reconcile the check.

Apr 19, 2007

Interesting noob. Thanks for the response. In your experience or from what you've heard, do the third parties look for certain criminal offenses (i.e. embezzlement or theft) or do they report back on everything? (i.e. possession of alcohol/drugs, traffic tickets, etc.)

Apr 19, 2007

Firms do use a 3rd party background checking service and they typically receive info 4-6 weeks after you have started employment.

They report everything. If you have some shit on your record and lied about it on your application you are likely SOL. Honesty is a big thing in finance.

Apr 19, 2007
AssociateGuerilla:

Firms do use a 3rd party background checking service and they typically receive info 4-6 weeks after you have started employment.

They report everything. If you have some shit on your record and lied about it on your application you are likely SOL. Honesty is a big thing in finance.

Why after you started? Wouldn't it make more sense if they knew those things before you start?

Apr 19, 2007

"Honesty is a big thing in finance."

love it

Apr 19, 2007

Jack, honestly - are you implying that if you come across as a liar (read: unethical) in your application or interview, you are going to have a shot getting in the door? What you do once you are in is entirely on you - but for kids in the application process, I think it's only fair to let them know that recruiters tend to lean towards applicants who a)have a clean record or b) if they have a minor stupid conviction, disclose it fully.

Apr 19, 2007

bro, i totally agree with you. I just liked your statement. I believe i used the phrase "love it"

Apr 19, 2007
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Apr 19, 2007