How does getting blacklisted from employment work?

  1. What does it take for someone to get blacklisted?
  2. Who has the authority to blacklist someone?
  3. How long does getting blacklisted last?
  4. If you get blacklisted, does it mean that you won't get hired again only within the individual company OR you won't get hired again within the industry OR is it even worse and that you can't get hired again for any job at all, ever? (Like if Morgan Stanley blacklisted you, then you can't get a finance job at any F500 company ever again)
  5. Is there a social/professional platform which tells you exactly which individuals are blacklisted from employment?

Comments (39)

Jan 23, 2017

Once you're blacklisted you go on a master list that is sent to all MDs internationally. Once on this list, you can only work at firms with Black in their name ie. BlackRock Blackstone etc.

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Jan 23, 2017

Not entirely true. I've heard of people making it to Greystar. But yea, you can kiss goodbye any chances at White Deer...

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Jan 23, 2017

It shows up on your LinkedIn page, except only other people who are registered with a finance company email can see it, you can't.

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Jan 23, 2017

I wouldn't do it. I think you would burn some bridges jumping ship so soon. Deal exposure might pick up. I would hang tight and put your time in. What happens if you go to the smaller shop and in 6 months things dry up. Then you would be really screwed.

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Jan 23, 2017

actually I should have mentioned; I am not in IBD at the BB - I was hired into it but transferred to compliance due to headcount issues. I would like to have a chance to come back to the BB but to a FO position. Does HR do like a firmwide ban?

Jan 23, 2017

Ohh, transfer out then. If you were hired into IBD, but for whatever reason got re routed then they shouldn't expect you to not look elsewhere. HR processes people, puts up postings. They don't universally ban someone.If a VP or MD wants you on their team HR will have zero say in the matter.

Jan 23, 2017

I'm sure if you were to talk to them about it, they would be supportive of you. The bank kind of screwed you over, I wouldn't pass up an opportunity like that.

Jan 23, 2017

Definitely transfer out! They screwed you over. IBD is completely worth lateraling to and very understandable by people in the future. You'll never work in compliance again

Jan 23, 2017

you could try to leverage your boutique offer with your BB. Just be honest with them... tell them that you like working there but you have an IBD offer on the table, and you really have no choice but to take it since the BB won't move you back to IBD. Present it politely, as a request for advice. They will definitely understand your situation... and if they like you enough it may enough to spur them to push for you to be transferred back to IBD.

Jan 23, 2017

You work at GS or ML?

I'd leave - i dunno what these idiots are advising you about.

Think about it this way - if those relationships were really substantive they'd help you move out of compliance ... clearly this sht is one way.

Jan 23, 2017

Talk to your old IBD connections before you go, first.

Say you want to work in investment banking, but you're not going to stay in compliance. It will get everyone on the same page about the move- unless they decide to make you an offer of their own.

Jan 23, 2017

there is no such thing as loyalty on wall street- transfer to the better thing - don't worry about being blacklisted, if your good then they will want you back

Jan 23, 2017
highflyer23:

there is no such thing as loyalty on wall street- transfer to the better thing - don't worry about being blacklisted, if your good then they will want you back

There's a loyalty in the sense of professional courtesy. You've got a duty to give the firm an opportunity to match the offer away, (and probably a duty to stay if they can come within 30% of your pay), and you also need to give your manager enough time to plan for your departure. For a very technical role, that could be as much as six weeks.

Typically, there's usually a duty to stay in your job for at least 12-18 months, but if you sign up for one thing and they deliver something completely different as is the case here, you have the right to leave earlier than that.

Follow these three rules, and 80% of managers (95% of sane managers) will understand.

Jan 23, 2017

Totally agree with the above statements.

To the OP, I know very well what it feels like to be promised one thing and given another. I would think long and hard about working for a company that basically sold you on IB and then gave you compliance. VERY different career paths and opportunities. Go to them, tell them about your offer, give them 2 weeks and don't look back. Your boss in compliance might hate you, but the guys over in IB will respect you for stepping up and getting what you came for.

Real side note, until you are 35 with a wife and kids you shouldn't let a company kill your spirit or shit on you. People tend to respect you a whole lot more when they realize you aren't a mindless drone who they can do whatever they want to.

Promised you IB, gave you compliance, now they lose you. Cause and effect.

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Jan 23, 2017

I don't understand why you think you will get offers rescinded for interviewing.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jan 23, 2017

Your resume looks okay to me, but I would add 1-2 extracurriculars (like clubs or volunteering) if you were involved in them. Also maybe try more personalized cover letters and casting a wider net in applying?

Jan 23, 2017

That's very doable. I should be able to find some extracurricular activities that I can fluff up enough to make them resume worthy. I was actually just looking at my cover letter template thinking the same thing. Something for me to look into this weekend.

Thanks for the feedback!

Jan 23, 2017

Your academics are good, so you've got the hard part sorted. In the work experience section, I would advise showing a skill being used and the end result. Right now it looks like a "to-do" list. For example, you worked closely with programmers to develop something, then what?
Same applies to your Research and apps section and those bullet points seem to be related, maybe you can make them into 1 bullet point? Since you outperformed benchmarks etc, why not include the results of you portfolio.

Maybe change the Certifications section to Achievements and type some extra stuff in there. I'm also debating whether CFA candidate is relevant.

Change last section to extracurricular and develop some of your points.

Overall its a decent application, I feel your work experience and research section takes up too much space. You need to also show your human side and develop on that a bit more.

Absolute truths don't exist... celebrated opinions do.

Best Response
Jan 23, 2017

Maybe what you think = hitting it off is not what they think is hitting it off, Maybe you lack empathy? Could be a psychopath?

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Jan 23, 2017
SSits:

Maybe what you think = hitting it off is not what they think is hitting it off, Maybe you lack empathy? Could be a psychopath?

I think I have to return some videotapes...

Jan 23, 2017

Just checked, your suspicions were right, you're blacklisted. Sorry bruh, maybe try J.T. Marlin?

Jan 23, 2017

You "hit it off" with alumni at just 2 different firms and you're saying you're blacklisted? Redouble your efforts.

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Jan 23, 2017

LOL you're not. I've sent probs the same number of apps, networked way harder than you, but didn't get anything until a few days ago. Don't give up and try harder. Don't just network with alums. Find a template and cold email people at different banks. You can also try applying Hong Kong that just started recruiting - they pretty much just hand out free interviews if you go to a US college with a good GPA. Also now Trump has won you might want to move away if you want :P

Jan 23, 2017
ebb2018:

LOL you're not. I've sent probs the same number of apps, networked way harder than you, but didn't get anything until a few days ago. Don't give up and try harder. Don't just network with alums. Find a template and cold email people at different banks. You can also try applying Hong Kong that just started recruiting - they pretty much just hand out free interviews if you go to a US college with a good GPA. Also now Trump has won you might want to move away if you want :P

Interesting. Won't I need a sponsorship/work Visa to intern in a foreign country? I'm likely going to be targeting S&T/AM instead, so a possible plan is to get some more experience this junior summer and then maybe try to leverage that into a full-time offer elsewhere.

Jan 23, 2017

You have a GPA that just meets the cut off, got one person to pass your resume along, blindly applied online, and bugged the hell out of a recruiter. That is why you did not get any offers. You need to get that GPA up, network more, and chill out. Good luck.

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Jan 23, 2017

Networking is 100% about making genuine connections with 3-4+ people at each firm.

It is far better to apply to 10 places and network heavy at all of them than apply to 50 places and network with 1-2 people at 10 of them.

I've never gotten an interview I didn't network for

I don't care who your dad is

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Jan 23, 2017

fwiw I didn't get much traction with online apps with that GPA either when I went through OCR a few years ago.

Jan 23, 2017
computerized:

fwiw I didn't get much traction with online apps with that GPA either when I went through OCR a few years ago.

Is a 3.5 really that bad? I swear I thought it was like the top 5% in my department...

Guess it's time to keep on networking

Jan 23, 2017

It's not "bad" per se, it's just not great. And if you don't have other things going for you (relevant internships, hardcore networking, etc.) it's just not going to get you very far in IB recruiting. OP also said he goes to a semi target, so there's probably fewer opportunities in the first place. I would also say that GPA alone isn't going to get anyone a job.

Also different majors will get different amounts of leeway. 3.5 in physics isn't the same as 3.5 in poli sci.

Good thought on networking. Even if you have a 4.0, having more connections can't hurt you.

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Oct 28, 2018

Assuming that I did not apply through the official online portal for the position in London.

Feb 9, 2019

IBD is completely worth lateraling to and very understandable by people in the future. You'll never work in compliance again

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Feb 9, 2019
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