7/9/14

Hi all,

So I networked my way into two consecutive interviews with different BB PWM branches, I got offers from both, but then got them rescinded at the background check phase after I had to disclose my criminal record. My goal is to get the best possible investment banking or Asset Management internship for next summer, with preference to the latter which is also the area I would like to eventually work in. I own my mistakes and make no excuses for them, if I can receive advice on what to do to get an internship right now I would be very thankful.

With regard to my criminal history, I have an inordinate amount of criminal charges stemming from a number of alcohol related incidents which I was involved in that occurred in a one year period of time towards the beginning of my college career. Fortunately, all but one charge has been dismissed, meaning without any pretrial diversion programs or legal asterisks. Also, the ones that have been dismissed are currently being expunged. The problem is that the destruction of my records won't be completed until the end of the year, well past the time that I can put a relevant internship on my CV for non-core internship recruitment for most banks.

From my background check I look like a degenerate alcoholic, which I may have been at one point, but I am not now. It has been years since I had any encounters with the law, and I have learned from my mistakes. I almost lost my family and friends from that unfortunate year when I was destroying my life, but I have overcame my faults and have them back. I demonstrated my change by getting elected as head of two prominent organizations on campus from which I have managed a combined budget of over a million dollars. I thought I could possibly show that my record does not reflect who I truly am, but it did not work with the two PWM branches, although one of the guys who I originally reached out to said that I should come back after my expungement--I guess he didn't want to take me on as a liability with my current official record. And to be clear, nothing on my record involves theft or moral turpitude.

With recruitment season gearing up, I really need a strong finance experience to stand a chance of getting a good internship for next summer. In the most charitable terms, I go to a semi-target; there are two banks that come here, and that's only in a good year.

That's the gist of the story, and I apologize for the length of the post but with consideration to the above, here are some questions that can hopefully be answered.

-What can I say/do to persuade a employer to allow me to intern right now? Would letters of recommendation help?

-I am being offered a remote internship with a family friends broker who operates in another state, would I still be subject to a background check while working completely offsite (due to my father, disclosing my background to this family friend is currently not an option)?

-I'm blanking on any way of asking if a firm does background checks without sounding off alarms. Does anyone have a clever way of finding out if a firm does background checks? I don't have any problem networking my way into interviews, but I don't want to broadcast a negative image of myself to every firm in my city.

-If I can't intern now, how could I improve my CV for the fall?

Thank you for reading.

-redemption

Comments (130)

7/7/14

bump

Financial Modeling

7/7/14

Some places say when you fill out an application on their careers site that they do background checks, but if you're networking your way in, the only way you'd be able to find out is if you ask them straight up if they do.

Some places are better than others when it comes to previous criminal histories as well. Yours are alcohol related, so sales and trading would be a good place to start as they know you shouldn't have a problem to going out and entertaining clients. (joking)

If you want to improve your CV without an official internship, go for an unpaid off the books internship, as they may not even do a background check for that.
Aside from that, try to participate in as many groups as you can and volunteer your time. Join a finance fraternity or something. You could also get any job so it shows that you've actually worked a job before and aren't handed everything.

make it hard to spot the general by working like a soldier

7/7/14

An off the books internship is what I am hoping I can get with the family friends broker who actually happens work at a BB. I have spoken to a respected user on WSO who works at one of the large banks' brokerage units as well, and he said that all interns all subject to background checks at the big wirehouses. Although not PWM, I have met people who have worked at F50's and had special unpaid internships made for them through channels similar to the one I am trying to go through and after checking with them, they did not go through any background checks. Again the biggest hurdle is actually telling our family friend about my record if I have to go through a check which my parents are understandably not comfortable with. I obviously can't surprise the broker with my record and then have him go to our contact.

7/7/14

Best bet is a boutique firm (just one or two guys etc) that will most likely be unpaid and most likely won't include a background check.

7/7/14

What type of offenses were these? Surprised these would even matter...

7/7/14

MacGruber:

What type of offenses were these? Surprised these would even matter...

I'm curious also. I had a few friends who had drinking related offenses (including some beyond simple underage drinking/disorderly conduct such as getting busted having 500 underage kids at a house party and even DUI's) who got past financial firms backgrounds checks no problem.

7/7/14

It was more than just drinking tickets, but there is no charge on my record that would subject me to undue discrimination by a reasonable person by itself. However, when seen together--which is the only way anyone will see them--they make me look like a goon, I am not. Most people that I know including family friends, instructors, and faculty probably would hesitate to believe that I have a record.

7/7/14

Okay, so this is more than a few misdemeanors for unerage drinking, etc.? Not trying to heckle you, just curious as to what "inordinate amount" means and what the nature/level of these charges were? This is an anonymous forum, shouldn't be too big of a deal to explain exactly what they are. No one is asking for dates or sensitive information...

7/7/14

There were no felonies, batteries, assaults, break-ins, sale of drugs, theft or any crimes involving moral turpitude. There were six charges in total, including a drug charge, all of which came about from significantly less incidents. I really can't get more specific than that.

I hope that provides some more clarity.

7/7/14

No worries man, just trying to figure out what they may be thinking. I'm wondering if the problem is stemming from the drug charge. From my experience and from others I have talked to, it seems as though people tend to give very few fucks about alcohol incidents - unless they're outrageous like repeated DUI's - but I feel like, regardless of how small the incident, drugs seem to be where people get worried. Maybe someone else has a bit of insight.

7/7/14

There were no repeat offenses beside drinking tickets. I'm not sure what ran through their heads, but I don't blame them. If I were in their shoes I wouldn't want to assume liability for some kid who emailed me out of blue that has baggage attached. The guy who told me to come back after the expungement seemed completely serious, he emailed me again reiterating that I am free to start, if there is space available, once the records are destroyed. This guys reaction makes me think I should press harder with other firms, but again, I don't to want to spread a crap reputation of myself everywhere I apply and possibly even end up on DealBreaker, haha.

Thank you for weighing in.

Whether offsite or not, can someone provide any experiences with unofficial PWM internships? Is such a thing even possible at any large banks? For example, lets say I am given the offsite internship and the guy just evaluates my work without putting me through the system (off the books), would I still be able to list "JMorgan Sachs, Wealth Management Analyst" as a verifiable experience on my resume?

7/8/14

Also, may want to inquire with @"GoldenCinderblock" as he has some experience with tickets, etc. I have underage tickets but my firm never said anything...

7/8/14

I hear you, I think I may need to just keep pressing and convey my story with more sincerity than before.

I recieved a PM asking if I have any sex related offenses that I answered but will make clear on the public forums; no, I don't have anything of the sort.

7/9/14

I think the challenge you have is in the interim getting the opportunity to explain yourself and that's where networking and relationships are so vital to your internship experience. I couldn't tell from your post as to what year you are in school, but I'm assuming you have no other experience?

I don't have much experience in recruiting and what people see on background checks but the approach I would take is to reach out to as many firms, alumni of your school, etc and network as much as possible. You've already gotten offers so I think you need to strike a chord with someone who either has similar experiences as you (which, by the way, very few people can throw stones about alcohol related issues in the world) which can mitigate any results of a background check. Otherwise, I agree with the above that your best bet is 'off the books' type stuff where you get into a smaller shop somewhere and gain some experience while probably not making much at all; still better than nothing to say the least.

The other way is to simply grit your teeth and wait it out until everything gets expunged. You must be a good candidate otherwise to have offers already so you aren't in as awful a spot as many could be.

7/9/14

I am a rising junior with accounting and real estate experience listed on my resume. There is just nothing that screams finance on my CV except for one thing that isn't an internship.

I'm going to sack up and control everything I can, but it's so frustrating to know that I could very well get the rug pulled from underneath me before I can fully close on a finance internship with a reputable firm.

And thank you for your advice, I'm meeting with another branch manager on Monday. I'll keep you guys updated on what eventually happens.

7/9/14

If anything your past of heavy drinking will the alpha males in Wall Street you mean business and can handle your liquor like a real man. But seriously, just go about applying and networking in a normal fashion. No one's perfect, and you should definitely be able to spin how your history has fueled your motivation to succeed and prove yourself. Boom.

7/9/14

I didn't spend the time reading all the comments but here are some thoughts that may or may not be helpful:

- If your convictions are expunged, you do not have to disclose them on your application or interviews. I also believe it is illegal for potential employers to hold it against you if they found out somehow.

- That is good to get things dismissed. Consult with an attorney to remove/dismiss/set aside the last conviction if you can, the ability to do this varies based on state law and quite literally, the attorney's personal relationships with county judges.

- Something interesting to know for the future, most bg check companies/state's law go back 7 years, so after the 7th year from the date of conviction, it won't show up on a bg check anymore. Again, the legality of the 7-year rule varies state-to-state, but my state and many others do have this rule in place. (side note to those who peruse these boards with a rod up their ass: I know OP is in college and this is n/a, just a note for the future)

- If applicable, if you sign a bg check consent form, remember the name of the company (if it is disclosed) and call up the company and ask your questions.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

-Warren Buffett

7/10/14

If obtaining IB internship proves to be too difficult given your wrap sheet I suggest you aim for private wealth management/life insurance/financial advisory. TransAmerica, ING(Voya), Northwestern Mutual, etc have incredible policies/products that are always going to be in demand. Their background checks are less stringent especially if you have a mentor for a few years while your an intern attesting to your credibility. People always need life insurance and Financial advisors, internship opportunities are easy to come by if you network at your college and attend finance/business recruiting seminars where company's come to scout. Begin building your possible client base now and by the time you graduate you'll have thousands of warm leads that could ultimately turn Into clients if you are hungry. Huge commission for selling life insurance policies to higher net individuals. Series licensing could be difficult but registering with FINRA will be a hurdle. Most importantly, you can tell anyone at any point in time where to go because you're your own boss.

If all else fails learning this end of the non corporate sector of finance will look good on resume and offer many out-opps. imo

7/10/14

Passing the background check for full time isn't going to be a problem, almost everything will have been expunged by that point. To reiterate, I'm looking for a PWM or IB internship before recruitment for next summer begins in the fall in order to be able to put something on my resume that is strictly a finance function before then. The concerning problem is that my record is hurting me from closing a relevant position right now.

7/10/14

Don't know if this helps you, but I'll tell you my story. My record has a "detained" on it, which means charges were dropped, which legally means that I should be completely clear....except for the fact that my record says something like "Felony Possession" and then "detention only" written small. Which is complete BS because I'm being tarnished for being innocent of everything, yet still have a record. Legally, a detention is not an arrest, (though I was put in handcuffs and taken to the station). Anyways, it doesn't look good. I answered the question, "have you ever been arrested?" (this is an illegal question anyways I believe) on my paperwork for my job as a FT analyst at a BB. I wrote no, because legally speaking it was a detainment only, I always say "detained for questioning" as it sounds better. Anyways, 6 months after working there, I was called into the office with the head of our office/region and compliance lady....now I was blindsided when they said "so we see a felony possession charge on your record, we need to know what to tell finra", I vaguely and awkwardly explained that I had no charges and was only detained for questioning, they said ok, but what happened? I was thinking FUCK!, I made what happened sound as good as I could, basically saying that a friend had marijuana on him in my car...which was the actual truth...except change marijuana to mushrooms, but no way I could say mushrooms to them, so I told them I was detained for questioning and no charges (truth), and that I had documents from my lawyer and the police stating it was a detainment and not an arrest (because the charges were dropped), They said "OK and that it would stay between us, just get them the docs stating no charges and they would send them to finra". No problems after that....but fuck...not a fun convo. After that, at the next firm, I decided to declare the "detention" but after compliance saw it, they told me to declare nothing because there were no charges. So what I've learned is, figure out legally what you can / cannot answer to the questions about your background, and only disclose the minimum, explain later after you've been working there, I would avoid flat out lying. Also, spin the story when you explain the charges.

7/10/14

Gotcha and it does help. That first experience sounded gut wrenching, but I'm glad that it worked out for you at both places.

1/13/15

I got a letter saying charges were not filed. I provided the documentation to the firm.

1/13/15

give us the story of what you did plz

1/13/15

I think that you should be fine; they've interviewed you and decided to give you an offer. People deserve second chances and I think most people are reasonable...

Consultant to a Fortune 50 Company

1/13/15

good answer given to you in 10 minutes...

alexpasch:

I think that you should be fine; they've interviewed you and decided to give you an offer. People deserve second chances and I think most people are reasonable...

i wouldn't worry about it... it looks like its not a big deal and comes close to just being disobedient... stealing shit during college when you're drunk is significantly different from misappropriating cash at a F500... so stealing in your case fortunately isn't a catch-all term

Definitely do this:

leveRAGE.:

as long as you disclose the information prior to starting (i believe when you fill out the forms it gives you a chance to do so), they probably wont be that upset

i had a friend get fired from ML after a check because he didnt disclose it prior, and they literally said, we wouldnt have cared had you just let us know before we went and found out on our own (because he lied and checked the "no" box)

So they don't catch you after the fact and black-mark you for ages. It looks like you're reasonably penitent about it so I would just raise it if they ask (and they should eventually), or before you start, and be really smart about how you do it. Make sure you phrase it right so they keep faith in you. Even if they don't ask, I would raise it anyway so I get all my bases covered and really know I'm remorseful. Up to you though.

1/13/15

Bro, first, I'm sorry.
Second, I'm not a lawyer, but here's the deal.
If you were arrested it will always show as a Felony arrest. If you were charged with a felony I'm pretty sure it will show a felony charge. It might show as a misdemeanor conviction, but a lot of it really depends on what you did.
Depending on what you did, it might be wise to seek legal help or talk to someone at the firm about it.
If it's not a big deal it might boil over.

Best of luck to you. I would hate to see a BB offer go to waste.

1/13/15
God of Wine:

Second, I'm not a lawyer, but here's the deal.

Pray, do tell

God of Wine:

I'm pretty sure it will show a felony charge.
It might show as a misdemeanor conviction, but a lot of it really depends
Depending on what you did, it might be wise to seek legal help

I'm pretty sure, It might, Depending.......you sure you're not a lawyer? You just spoke and managed to actually convey no useful information

God of Wine:

If it's not a big deal it might boil over.

Blow over? Good grief man

ivoteforthatguy:

One of the guys who frequent this board just decked his boss in his face and didn't get canned. It might not be as bad as you fear.

OHH YEAAAHHH - C'mon man, who was it?

Get busy living

1/13/15

ur screwed for life, especially with CS or UBS

1/13/15

My friends and I got drunk at a college party and stole some stuff. I am aware stealing doesnt sit very well with financial institutions.

But thanks for the replies people. This is something that I've been dealing with for some time now; I made a mistake and I have been owning up to it. So no wallowing from my end. Im just trying to figure out if I have a shot, now that it has been reduced.

Sounds like my chances are very slim, but not completely impossible?

1/13/15

I've seen hedge funds rescind offers after a completed background check, but not sure if it will be the same for BBs. I'm sure even a foreign BB will still consider the felony the same as a US BB, since the offer is for a US office, no?

1/13/15

Most people have made silly mistakes like that at the spur of the moment, especially when they were young or drunk or both. Most people just don't get caught. I'd be surprised they hold it against you. They probably smoke something strange at night at home for a pastime

1/13/15

Actually no, not a US office.

1/13/15

Where's the office?

1/13/15

In the middle east, but based out of London.

1/13/15

lame ass thing, hope you still get job

1/13/15

One of the guys who frequent this board just decked his boss in his face and didn't get canned. It might not be as bad as you fear.

1/13/15

as long as you disclose the information prior to starting (i believe when you fill out the forms it gives you a chance to do so), they probably wont be that upset

i had a friend get fired from ML after a check because he didnt disclose it prior, and they literally said, we wouldnt have cared had you just let us know before we went and found out on our own (because he lied and checked the "no" box)

1/13/15

I'd try to get Vick's lawyers to help you out

  • eyelikecheese
  •  1/13/15
IUHoosier08:

I'd try to get Vick's lawyers to help you out

I don't think Vick's lawyer helped him out very much. He still did 2 years for a petty crime

You NEED to call up my buddy Rusty Hardin-Roger Clements lawyer. PM me I'll set up a lunch, although no guarantees

1/13/15

UFO, I can't even be mad.

However, you have to at least concede when I say that was pretty douchey.

1/13/15
God of Wine:

UFO, I can't even be mad.

However, you have to at least concede when I say that was pretty douchey.

yakkity yakkity yak, yeah, probably, but this kid's got legal woes and your disclaimered non answers seemed fair game........

Get busy living

1/13/15

Yet another thread displaying complete lack of integrity. Why weren't you just up front in the first place? You say the process was random, but I am sure at some point you filled out an application where you could have easily addressed the issue and it probably would have been fine. However, you thought you could sneak by, now you have your tail between your legs BC you thought you would sneak by. You are correct - stealing is not going to sit well with a financial institution.

What you did was not a big deal - college kids are stupid...at some point we all got drunk and did something we regretted. I hope things pan out for you, but hopefully this serves as a lesson to people on this forum to man the fuck up and take responsibility for things that cannot be reversed.

"Jesus, he's like a gremlin; comes with instructions and shit"

1/13/15

Are you Cam Newton?

1/13/15

Although I'm not qualified to comment on a person's integrity given that I've fractured a few rules in my time, I can offer this basic formula that has worked for me:

Take control of the situation and calmly explain that you had to 'grow through' some youthful indiscretion. Explaining that it will be expunged from your record is reassuring to people who are going to trust you with OTM.

Actually, you can even spin this to your advantage later on down the line, if you really want to walk that path. Bottom line is that people are a sucker for a chastened rogue.....assuming you are of course reformed

Get busy living

1/13/15

Thanks for the advice folks.

And for those questioning my integrity: it is one thing to judge me for the mistake I made, and quite another to assume that I was not "up front" with the firm. As aforementioned, I have not yet had the opportunity to fill out a formal application of any kind. I would have thought my previous sentence ("The reason I have not already done the background check...") made that clear. Would you suggest that, in the middle of my DCF analysis, I have blurted out "By the way I'm a felon!"? I dont think so.

Right. Anyways, per everyone's advice, Im just going to keep it real. Believe it or not, if I could go back, I wouldn't change a thing. This pile of shit situation actually has made me a better person, and Ill just let them know that.

My last question is, who would you guys recommend I approach first? The VP staffer? The Associate who gave me the good news? HR? Who really has the power to over look my problem and still give me the job?

1/13/15
arigoldofbanking:

My last question is, who would you guys recommend I approach first? The VP staffer? The Associate who gave me the good news? HR? Who really has the power to over look my problem and still give me the job?

The higher up you go and the farther away from HR you can get, the better. Just make sure you can talk to this person and be diplomatic.

For what it's worth, a buddy of mine at a private accounting firm used his past to his advantage. When he interviewed, they wanted someone with street smarts, and that merely crunching numbers was not enough to work there. Just be careful: you want to convey that you are proud you overcame something, and not that you had to go through it......marketing, marketing, marketing

Get busy living

1/13/15

Go to a lawyer and authorize him/her to pull you record - police report, probation terms, completion report, etc etc, then look over it. You can even ask him/her to perform background check to see what shows up.
I don't remember how much exactly mine cost, but it was under $500.
(it was a non-DUI driving-related misdemeanor charge that got dismissed btw)

More is good, all is better

1/13/15

^can the lawyer even do anything in this case? If not I would see its wasting $500

1/13/15
Paul.Allen:

^can the lawyer even do anything in this case? If not I would see its wasting $500

He can get all your records. You can do it yourself, but it was easier for me to just let someone else do it.

More is good, all is better

1/13/15

I would avoid wording it as "I wouldn't change a thing" and word it more to the effect of "this was a dark period for me, but I grew a LOT from it, and am happy this happened while I was young and could learn my lesson".

Taking ownership of the situation is the key. YOU are in control, not your past, and everyone loves a chastened rogue. Chicks dig this too....a bad boy who, well, got his shit together and grew up....

Get busy living

1/13/15

"For what it's worth, a buddy of mine at a private accounting firm used his past to his advantage. When he interviewed, they wanted someone with street smarts, and that merely crunching numbers was not enough to work there. Just be careful: you want to convey that you are proud you overcame something, and not that you had to go through it......marketing, marketing, marketing"

Interviewer: We want street smarts.
Candidate: I used to sleep at the skate park, rob people at gunpoint, sell drugs to pay off my college and shoplift. In fact I still do. This shows I'm #1 calculating (long a crate of spot ecstacy a week before Electric Daisy, report the dorm-dealers tomorrow), #2 driven (to get the most value with least input, ie robbery), and know how to test internal controls at the branch-level. How much more street can you get. yo.

1/13/15
GotBushels:

"For what it's worth, a buddy of mine at a private accounting firm used his past to his advantage. When he interviewed, they wanted someone with street smarts, and that merely crunching numbers was not enough to work there. Just be careful: you want to convey that you are proud you overcame something, and not that you had to go through it......marketing, marketing, marketing"

Interviewer: We want street smarts.
Candidate: I used to sleep at the skate park, rob people at gunpoint, sell drugs to pay off my college and shoplift. In fact I still do. This shows I'm #1 calculating (long a crate of spot ecstacy a week before Electric Daisy, report the dorm-dealers tomorrow), #2 driven (to get the most value with least input, ie robbery), and know how to test internal controls at the branch-level. How much more street can you get. yo.

Hahahaha, no no drugs as far as I know. Bottom line is that they didn't want a pencil pushing tool, because the firm focused on private companies. More than that I just don't know or care

Get busy living

1/13/15

GotBushels:
"For what it's worth, a buddy of mine at a private accounting firm used his past to his advantage. When he interviewed, they wanted someone with street smarts, and that merely crunching numbers was not enough to work there. Just be careful: you want to convey that you are proud you overcame something, and not that you had to go through it......marketing, marketing, marketing"

Interviewer: We want street smarts.
Candidate: I used to sleep at the skate park, rob people at gunpoint, sell drugs to pay off my college and shoplift. In fact I still do. This shows I'm #1 calculating (long a crate of spot ecstacy a week before Electric Daisy, report the dorm-dealers tomorrow), #2 driven (to get the most value with least input, ie robbery), and know how to test internal controls at the branch-level. How much more street can you get. yo.

Your candidate would just embarrass himself - what kind of boojie little bitch sleeps at a skate park? Why doesn't he go under a bridge where real men hang out, huh?
Ratting out dorm dealers is definitely no bottle fighting to death with homeless crack heads, what a goddamn snitching pussy XD

More is good, all is better

1/14/15

Do you mind updating on what happened and how you dealt with it?

Financial Modeling

1/14/15

dawg u gotta brag bout yo crimez to get crazy mad respek. this finanz bro only the hardest survive.

1/14/15

no conviction = no record

1/14/15
Whiskey5:

no conviction = no record

this.

I hate victims who respect their executioners

1/14/15

if you don't have a conviction but got arrested, I'm assuming you had a lawyer? how about you call them to make sure/play it safe

1/14/15

A simple Google search: http://www.ehow.com/video_4909201_do-show-criminal...

"You are considering applying for employment, and you are somewhat worried about your prospective employer doing a background check because you have some arrests in your background, and you're not sure whether you should tell them about it or not. Hello, I'm Robert Todd, and I'm here to answer the question do arrests show up on a criminal background check? Well generally speaking, an arrest is just that. Without a conviction an arrest is not a significant event. Now, if you are applying for a federal job or a high security job, generally speaking, sometimes arrests are considered relevant, but in the general public domain an arrest is just that. Without a conviction it really is meaningless. The better course of action is if you are asked about an arrest is to tell the truth because it is simply that, it was an arrest. You were not convicted so that information should not bar you from the job for which you are applying. If you're asked something you should answer the question honestly and forthrightly. I'm Robert Todd, and thank you for watching."

1/14/15

Can they even look up if you've been arrested though? Can't you just say that you haven't and they'd have no way of knowing unless you admitted it? I wouldn't just admit to that if there was no conviction.

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

1/14/15

http://finance.yahoo.com/blogs/secrets-toyour-succ...

From this article on illegal interview questions on Yahoo finance:

"An employer can't actually legally ask you about your arrest record, but they can ask if you've ever been convicted of a crime.

Depending on the state, a conviction record shouldn't automatically disqualify you for employment unless it substantially relates to your job. For example, if you've been convicted of statutory rape and you're applying for a teaching position, you will probably not get the job."

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

1/14/15

If it comes up "They got the wrong guy, I was in the wrong place at the wrong time, I wasn't even charged with anything". Makes for a great story if it even comes up. If I were interviewing a dude that got arrested by accident, I'd remember them.

Get busy living

1/14/15

this is asked on their HR paperwork (Bulge Bracket)

1/14/15

Do you mind updating on what happened and how you dealt with it?

1/14/15

Why don't you just say whats on your record? Will be in a better place to offer advice

1/14/15

ok - i'm starting to look for jobs as i'm getting out of an MS program soon, and have an ib interview scheduled. At the beginning of college I was arrested and charged with small theft, but it was all dismissed (drunk party night, just got out of hand). I'm trying to figure out if this is going to hassle me so much that I should just look for a job at another type of company.

1/14/15

An arrest that didn't lead to a conviction = a clean record. Some states have laws that deem it illegal for employers to ask about arrests that didn't lead to a conviction, if you're not in one of these states I wouldn't lie on the application but you should be alright especially if it was related to college shenanigans. Best of luck man

1/14/15

Do not mention it prior to your internship. If you develop a strong enough relationship with your group members and hr prior to a ft offer then consider it. But you might get away with not disclosing it even for ft (since your record is sealed for pretty much all non-police positions).

Best Response
1/14/15

Don't lie, but don't disclose if they don't ask you. As long as you haven't lied to them or been dishonest, you are much less likely to lose your job after you have started than you are for them not to extend an offer.

Also bare in mind, the person handling the FINRA form (in the bank) probably won't be looking out for stuff to catch you out on. Once you have passed the background check, they won't be as interested in these things.

1/14/15

Thanks to both of you for these responses. They reinforce my gut instinct, so I will just have to cross my fingers, work my butt off, and hope for the best.

  • Anonymous Monkey
  •  1/14/15

I'm very interested - what happened in the years since? An update would be greatly appreciated. thanks!

1/14/15

How did this turn out? I'm very curious

1/14/15

I'm in a similar situation myself, how did it turn out for you?

  • Anonymous Monkey
  •  1/14/15

Technically----- Your expunged record shouldn't be an issue. BUT the problem is with the private background check company (CRA) that will be running you background check for your employer. This is completely separate than the FINRA background check. The private CRA background checks are notorious for showing expunged records (it happened to me--- I caused a pretty big stir about it online). There are ways to protect your legal rights. Just do a little due diligence online...Good luck!

1/14/15

Agreed- the fact that your checked the both the court and the FBI's CJIS means that you should be good.

The problem, as mentioned in the comment above, is that private background check companies have been known to reveal old records- just be sure to get a copy of the background check when your employer runs it- it's your legal right (under the FCRA)-

You cannot be passed on a job due to an expunged record showing up- technically the background check was inaccurate (the record does not legally exist) and you must be given a chance to dispute the inaccuracy- if not- there are legal ramifications --- Just be sure to get a copy of the background check and then go from there (if you need to)..

1/14/15

Do you mind updating on what has happened since posting?

1/14/15

McDonalds

1/14/15

I heard high times magazine is hiring

1/14/15

If you're going to try to make a crack at me, at least make it funny not some dumb clishe. I'd really appreciate a real response. Thanks in advance.

1/14/15

"Doctor said I need a backiotomy"

"God...if you listenin'...HELP!!!"

Sorry, couldn't resist. Good luck.

1/14/15

I have a friend who is being expunged of his record in May. He was dinged from government-related firms (Booz Allen) but he was fine for smaller firms. I think you just need to be honest about it as they will check and find out.

1/14/15

First of all, you can still go out and look for any job you want. This will not get brought up in any interviews, you will be looked at like everyone else. It is after you accept your offer and have to go through a background check where you will have to report this.

If you get good grades and get hired based off of good interviews etc, they HCM might call you up during your check and ask you about it, for which you better as hell have a good ass answer.

Thing is that if they have two people that have the same exact credentials but one of you has the charge who would they pick? who would you pick?

So my advice is since you're a Junior, you owe yourself a 4.0 year and go pass a CFA test or something, so if this does come up you can have some proof that you want to work in the industry and this is just some mistake you made while being a student.

1/14/15

What if you accept an offer and had a charge like that in high school? It was dismissed. Would they rescind the offer even after lots of people from the firm email to congratulate you on the job?

1/14/15

it all depends on the firm. have a good answer if they question you about it. you'll win some, you'll lose some.

1/14/15

Disclose it on the forms no reason to do so before hand.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

1/14/15

What's the likelihood of not getting the jobs because of this?

1/14/15

Its happened to people I know, just go through the process and control what you can.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

1/14/15

How do you get in trouble for buying beer with 20 year olds in the car? Did you do more than just drive with it?

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

1/14/15

they carried it out of the car

1/14/15

Hey man,

I know that stupid stuff like this can be very nerve racking, especially when you feel it may be the only thing keeping you from your goal. I am currently employed by a large financial services company and was in a similar situtation.

I know it's easier said than done, but don't sweat it too much. be sure to be 100% honest. When asked on the application, disclose it and do not hide ANYTHING. if you have the opportunity to mention it to the HR rep in person when you hand in the application, explain how it was just a stupid incident in the past and how you have learned from your mistake.

You should be fine. Good luck.

1/14/15

Thanks bud, I appreciate the encouraging words. It was such a dumb mistake and I definitely have learned my lesson and its made me a better person because of it.

1/14/15

Were they drinking in your car? I don't see how they proved that you were going to provide them with alcohol.

looking for that pick-me-up to power through an all-nighter?
1/14/15

He said they carried it out of the car which is technically enough to screw him

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

1/14/15

You can have that expunged/sealed fyi.

1/14/15

Depends on the state Sean518...I'm sure if this guy hired a lawyer they thought of that possibility already. Additionally, many states only allow qualified expunction for criminals under 18 or 21.

1/14/15

Haha! 20 years old and can't drink! WTF?!?!?!

1/14/15

Not always. Having a charge sealed/expunged is a separate motion filed after the fact.. although some plea deals do come with an automatic sealing.

For instance if it was in NY you can file to have it sealed since the conviction was in your favor (ie the charges were lowered). In NY you can file at any point without any age requirements.

1/14/15

I've never had a peer face this problem, but I imagine that unless you were playing for Miami this weekend, it shouldn't be a problem.

1/14/15

Yeah that fight was ridiculous -- Coker needs to go. The AD too -- if ONLY because he made a guy named "Coker" MIAMI's coach. You just can't make this stuff up.

...but I digress -- I don't wanna think it would be a problem, but sometimes my paranoia gets the best of me.

1/14/15

Hey if you told them in your application, there shouldn't be a problem. If it's brought to HR's attention just tell them you disclosed it in your application, because you did, and explain that it was a stupid juvenile action and whatever else.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

1/14/15

agreed, you disclosed it so you should be fine(especally since they gave you an offer already)

1/14/15

HR is now just asking for the court disposition confirming what I had disclosed in my app, and "looking into the situation."

So HERE'S the question, for all of you currently in banking -- do I face a problem here??

MY ANSWER:

You're fine. Couple of examples to chew on:
1. My co-worker at my top 3 BB had a public intoxication misdemeanor. He had to show court discharge papers.
2. Another co-worker had a DUI. He had to show court discharge papers.
3. And another had a DUI. He had to show court discharge papers.

They all got offers w/o a hitch and are all now in their third year.

1/14/15

so what you are saying is IBankers have a drinking problem

1/14/15

Can you blame them?

I think you have nothing to worry about. The key is to be responsive and get them the discharge papers asap and just work with them to resolve any further questions they might have on the matter. I'm sure the question of your misdemeanor as an "issue" will be behind you in no time!

1/14/15

You all have definitely made me feel much more at ease about all of this, so thanks -- opticalcharge, I appreciate the examples.

I actually submitted the court disposition with my signed offer letter I figure I should do everything I can to answer all of their questions ASAP.

1/14/15

No problem. Just don't miss work b/c of similar occurrence and you'll be fine.

1/14/15

I've been arrested and charged with a misdemeanor before. But I'm not retarded so I got a lawyer and got that shit dropped.

1/14/15

Listen, no one's perfect. Most people have a blemish somewhere. You've been upfront, swift to address whatever HR needs, all will reflect positively long-term... put it behind you. You've got more exciting things to focus on!

1/14/15

Did you get it expunged? (2 years?)

1/14/15

Of course it could. As long as you've made them aware to some extent it shouldnt be a huge deal. Not like you killed someone.

1/14/15

Infractions are more common when referring to breaking city, county, and state ordinances.

Misdemeanor tends to refer more to minor criminal offenses.

Banks don't give a shit about infractions

1/14/15

Thanks! I should be fine then - in my country my "incident" will not show up in criminal records. So I guess I must have earned an infraction.

1/14/15

do banks give a shit about non-violent misdemenours?

1/14/15
pedaltodaflo:

do banks give a shit about non-violent misdemenours?

I'm pretty sure they're not too excited to see misdemeanor convictions for things such as personal use drug possession, malicious mischief, trespassing, etc...

Can't help.

The WSO Guide to Understanding TARP

1/14/15

--
Support WSO.com and visit these links!
Financial Modeling Training
Guide to Finance Interviews

1/14/15
1/14/15
1/14/15
1/14/15
1/14/15
1/14/15
Add a Comment