How long should one wait for notification after 1st round interview?

How long should one wait for notification after 1st round interview?

I interviewed with RBS (on-campus) early last week but I haven't yet heard back. (However, others who'd interviewed for a different position/division heard back just several days later.)

Should I write RBS off my list of prospective summer employers? How often do firms fail to provide a formal declination to first round candidates?

 

I interviewed with RBS back in October. I heard back from them late Jan and they told me I did really well and that I was still under consideration. At that point, I decided it was no longer worth it to hold by breath. Firms this year particularly seem to be stalling recruitment offers for some reason, but after reading WSO and seeing some people with great offers, it looks like they're giving out a few offers really quickly but they're waiting for a while on the rest.

 

It could take quite a while. I've seen you ask a lot of questions like this and I guess you're thinking about it a bit too much. Though it may be hard, try to put it in the back of your mind; it's out of your control regardless.

Banking > VC > Tech PE; PM me if you would like any advice I'm happy to help
 

if they haven't called you within two days, you didn't get it - tough luck.

just kidding - sometimes it can take more than a week. but seriously now, didn't you just post the same question 12 hours earlier? go do some interview prep instead of nervously twiddling your thumbs and refreshing your email.

 

If you're a clear yes, you should hear in a few days.

If you're a clear no, you'll hear in a week or so.

If the firm likes you, but is unsure if it has a place for you, your wait could be significantly longer. So no response isn't necessarily a bad thing.

Why does this happen? Simple: Say I have slots for four summers for my group. I like six during first interview day. I'll figure out the two I like best, plus the next two. I send out the offers to my top 2 and put the hard sell on. Reject letters go out to everyone but the six I like.

Say one of them accepts, and one needs time. Now I have 3 slots left, and maybe two more super days. What do I do with the other four? I continue to put them on hold. Maybe I'll like one of the new interviewees better. Maybe the second guy accepts and eats up of my slots.

That's what I have to deal with when I put out offers.

 
GenghisKhan:

If you're a clear yes, you should hear in a few days.

If you're a clear no, you'll hear in a week or so.

If the firm likes you, but is unsure if it has a place for you, your wait could be significantly longer. So no response isn't necessarily a bad thing.

Why does this happen? Simple: Say I have slots for four summers for my group. I like six during first interview day. I'll figure out the two I like best, plus the next two. I send out the offers to my top 2 and put the hard sell on. Reject letters go out to everyone but the six I like.

Say one of them accepts, and one needs time. Now I have 3 slots left, and maybe two more super days. What do I do with the other four? I continue to put them on hold. Maybe I'll like one of the new interviewees better. Maybe the second guy accepts and eats up of my slots.

That's what I have to deal with when I put out offers.

Your analytical skills and reading comprehension are off the charts.

 
Best Response

Officiis nostrum distinctio illo sed. Fugiat quasi similique repellendus dolor. Quos sit at dolorem dolor. Alias nesciunt omnis et enim. Asperiores autem ea non repellendus.

Occaecati quas expedita nihil cum est et excepturi. Et ratione possimus incidunt dolore hic blanditiis.

"My name's Ralph Cox, and I'm from where ever's not gonna get me hit"

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
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...”