Best Response

In my experience they usually let the first choice people know they got offers asap, then no one else hears back until they've officially signed. At this point the others are rejected. I've heard talk that some offers come in a couple waves for whatever reason - extended deliberation, diff. offices, whatever, but most of the time if you've gone a few days without hearing back your best situation is having been waitlisted.

 

Ive had 19 interviews with a BB including final round... its been 5 business days since ive heard back. they said to expect a decision this or next week. recruiter said we will be in touch and hr said we are awaiting to hear from the team for next steps.

 

My friend told me that sometimes they do this to see if you get any offers and then they will pounce on you (that is what happened with him and Citi) He got in GS and 1-2 days later Citi was sucking his dick.

I want a lady on the street, but a freak in the bed, Go Bucks!!
 

So I take it from your comments that I was waitlisted? Kind of annoyed that she wasn't direct with me. If I get any other offers in the mean time should I tell her about it?

 
snake juice:
So I take it from your comments that I was waitlisted? Kind of annoyed that she wasn't direct with me. If I get any other offers in the mean time should I tell her about it?

Yes, you should leverage that.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Just wanted to let you guys know that I got the offer!

They were doing interviews on a rolling basis instead of 1 big superday which explains the delay. I heard a little under 2 weeks after my interview, 1 week after that phone call.

I don't believe I was ever waitlisted. Guess Corporate Banking just does things a bit differently.

 
snake juice:
Just wanted to let you guys know that I got the offer!

They were doing interviews on a rolling basis instead of 1 big superday which explains the delay. I heard a little under 2 weeks after my interview, 1 week after that phone call.

I don't believe I was ever waitlisted. Guess Corporate Banking just does things a bit differently.

Dude great! go get em 100+ hours a week!

I want a lady on the street, but a freak in the bed, Go Bucks!!
 

Hi, I encountered the exact same situation as you did. I just done my Global transaction banking (corporate banking) superday with Deutsche bank last Friday. Got a call from the HR the following Monday telling me that they haven't have a final decision for me yet but was very impressed by my interview. The HR was being very vague and told me "decisions will come out in the following few weeks". I honestly don't know what this means and what I should do. Any insights on this situation? Did you do anything after getting the "waitlist" call ? Thanks.

 

I've never heard of the term waitlisted.

This is more of "The group decided to hire you and we have to get you a seat from HR. We are only 75% sure we have a job for you so I am reaching out to you directly to hope you hold out for an offer."

Had it been a phone call from HR, I'd be reducing the odds to 50%. But you got a call from the interviewer and there's a strong chance that if you are getting hired, it's his group.

 

this is either one of two things:

a. they gave out other offers and are waiting to hear back if those people accept. If some don't then they may give you an offer (they just can't tell you that outright)

b. they legitimately have some issues with HR in getting the headcount or putting together the package, etc. which as delayed their timeline.

my guess is the former as it's just more likely.

 

Agree with harvardgrad08

You probably just missed the cutoff for their A list & are now in limbo. You did, however, heard back from your interviewer (assuming he's the key decision maker here), so that's not necessarily a bad thing. Keep your fingers crossed...

All the world's indeed a stage, And we are merely players, Performers and portrayers, Each another's audience, Outside the gilded cage - Limelight (1981)
 

I don't know if this is too late but try levering your other offers. I had a friend who called BAML after superday to tell them he had another offer with a BB but would take the BAML offer if given. They extended him the offer afterwards.

 
JMatuszewski1:
I was initially placed on a waitlist for a BB Summer Analyst Program a week after my superday, and 2 weeks later, was given the offer.

Will the fact that I was originally on the waitlist hurt me when group placements are made?

Will candidates that were initially on the waitlist and later accepted have a disadvantage compared to those that were accepted immediately in terms of selecting groups?

How would you suggest going about getting the group you like? Reaching out to bankers in that group? Researching the group so you can speak intelligently about it when decisions are made?

Thanks in advance...

Dude, relax... You were lucky enough to be offered an analyst position from a BB. A lot of guys don't get that chance... calm down, damn dude...
 

Since you made it to final rounds, the reason why you were waitlisted versus received an offer immediately is probably because others were a better "fit" than you for the firm; I doubt it has anything to do with your hard qualifications (school, GPA). Groups placement usually works by the groups receiving all the resumes of the new summer analysts and ranking them, and then HR matches your preferences to the groups preferences (or the group's senior people all meet with HR, but essentially the same thing happens). So, groups will generally rank who they want based on what you look like on paper. I doubt they'll even know you were waitlisted at first, unless someone in the group interviewed you and happens to be involved in the discussion of which summers they want. So, I doubt it's going to affect you placement.

 

Sit aut veniam quos ab corrupti. Unde ducimus et blanditiis in velit totam. Earum provident deserunt non et animi nulla.

Quia ut consequatur rem aut nisi laudantium ut repudiandae. Alias est quod qui voluptas. Maxime impedit minus molestias maiores.

Fugit optio dolores cumque rem omnis non. Nostrum voluptates consequuntur autem sapiente animi quasi. Adipisci vero velit natus ut maxime magnam et. Ut autem ea doloribus dolores optio numquam et quibusdam.

Veritatis tenetur cumque dolorem vero error fuga. Sint provident eveniet perspiciatis nam tempora ut earum sunt. Eaque eius dolorum molestiae delectus nostrum qui eos. Fugiat eveniet et ut odio maxime et. Sunt suscipit repellendus esse suscipit ducimus itaque vel corporis. Illum optio non sed et aut quisquam. Saepe natus beatae asperiores ut officia id repellat.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”