Can anybody share their experience waiting for an offer? It’s been 3 weeks since my final round interview, I figured I am on wait list (even though no one has called me), but when do they let you know?
Also what should I do? I don’t want to be pushy and call.
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It's possible that you've been rejected and the firm is assholish enough to not even notify you. Is the firm a BB? Most firms are professional enough not to do this.
I would call and ask where you stand. Just say you are EXTREMELY INTERESTED in the opportunity, and want to know where you stand in the process.
3 weeks is an obscenely long time to make someone wait. It's perfectly okay, in my opinion, to call the bank.
Yeah, unfortunately I would have to agree with rat4100. Don't get discouraged though...it's a numbers game, so keep plugging away...Just a little inspiration, I went through about three firms and got rejected from all until the fourth (I had a non-traditional major which apparently everyone was hung up on)...
So when you call, just keep in mind that they've made their decision and you can't change it, so try not to take it personal, sometimes (very rarely) you may have even gotten lost in the system, so they may have neglected to call you back based on a technicality...
agreed, call to find out...no reason to stress about something that was already decided
Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
Not to be overly bearish, but it usually isn't a good sign to wait that long. In my experience when you are made to wait that long, they have another offer out in the market. Call someone that you had a good repoire with during the interview process and they will likely be very candid with you about the status of the process.
I wouldnt call unless you have another offer.
1) you are on ice 2) you were rejected and they didn't notify you
If it's option 1, they will tell you they are still deciding etc.
I don't agree with the prior comment on not calling unless you have another offer. Unless you planned to call without tact and hardball, which would be dumb like the previous post.
this is shitty advice. if you call without an offer, they will know you are dead in the water. if you were on hold, you're definitely off after calling without a competing offer.
Don't call without an offer.
If you have an offer you can add heat to the situation, there is nothing wrong to call and see where you stand and to show you are interested in the position.
I might not know everything about recruiting, etc. However, I do know that it won't get you dinged.
The call won't, but the bank knowing that you have nothing on the table will. The fact is that there is simply no reason to call at this point. If they were going to make an offer, they would have done it by now. HR doesn't "forget" to call people they are interested in.
Wait until you have an offer and then call
honestly, I was in a similar situation a few weeks ago. I tried to touch base with HR and one of the guys who had interviewed me at least once a week, either by phone or through e-mail. they kept telling me that they needed more time, but in the end I got the offer, and they told me that I got it because of my persistance. I didn't have an offer at the time, and I'm sure they knew that, but it didn't seem to bother them.
wow, i'm impressed.
congrats on the offer.
ok, well approach carefully. to be honest, very early (august), I was in a simliar situation with a BB, and 7 weeks later I got dinged after calling a couple of times.
I later found out if i would have waited until i got my other offers, i would have easily had one. it was just too early to tell how many summers were getting offers..
I don't think Hank's situation is really analogous to the original poster's situation (the bank probably doesn't have tons of potential offers outstanding as it did during the summer).
I don't think it's necessarily bad to come across as not having lots or zero offers. It means you are extremely likely to accept the bank's offer. It took me way too long to realize this. During internship recruiting last year, I remember always being asked in final round interviews who else I had final round interviews with and what firms I had offers from. I was always honest about this. I noticed that I got dinged from a couple of worser firms (Bear Stearns, BofA, etc.) after final round interviews but ended up doing well with top firms. I do think that when these firms heard I had final rounds with MS, GS, etc., they figured I'd get an offer at at least one and turn them down. I also got dinged from a BB (not MS, GS) after final rounds, and my interviews went great (three of the four interviewers even responded to my thank you notes to say how much they enjoyed meeting with me). I did have an offer from a top boutique at the time, so I honestly think they may have come to the conclusion later on that I would go there instead (or I could just have done something else wrong in the interview, you never know). I have a good friend who worked at MS over the summer in banking. She hated her group but received an offer. She interviewed with pretty much every BB on the street when she got back to campus and was rejected from all - she thinks they thought there was no way she'd go to them over MS (she's going back to MS now).
I know it seems like there are a ton of people clamoring to get into IB (I guess there are), but the firms don't have time (or resources in the case of some smaller firms) to interview tons of people. So they really want the people whom they give offers to to accept them. That's why in final round interviews (at least in my final round interviews), I was always asked how likely I was to take an offer should the bank give it to me, and what criteria I would use in making a decision if I received multiple offers.
Since it's usually the same people who end up getting offers everywhere (at least that's how it is at my university), each individual bank doesn't have a great chance of getting their offer accepted. Which is a huge pain for them. A GS recruiter told me that only 70% of their offers given after interviews get accepted, so I'm guessing it's worse for the other banks.
So, my point is that I would emphasize how extremely interested you are in the position, since that's going to make it a lot easier on the recruiters if they give it to you and you accept it.
You are right closeability is a huge factor. We don't johnny dangerous with offers from every firm granted at a tier 1 bulge we never had too much competition.
I agree with rat, if you tell DB, Bear, BoA you are interviewing with GS, MS, UBS LA, CS LA, they will probobly think you wouldn't sign with them and just leverage there offer. Truth be told it helps to leverage offers. It even helps more in exit opp recruiting saying you have an offer from Leonard Green to lever that against Hellman.
When I asked in the interview for turnaround time once..
"It can feel like 40 days and 40 nights"
dont give up hope. I just got an offer from a BB. I interviewed about 5 weeks ago. They did tell me i was on a waitlist though
I had final round interviews with a BB coming out of college in a regional office. I did not get the offer, but ranked very highly among the candidates. 4 months later I got a call from that same firm saying another sector group had moved in, was looking for an analyst and they wanted to interview me. One "personality" interview with the group members and they gave me an offer. You might get lucky, but don't count on it.
but it's easy to find out if someone really has an offer somewhere or not. People know each other on the street - including HR. We didn't give a kid an offer b/c he said he had one with Morgan Stanley. Turns out he didn't once someone checked, so we didn't give him one.
everyone knows everyone, people jump banks like lebron.
agreeing with petetong. call. pretty rude not to at least notify you by mail. i thought turnaround was at most 14 days. maybe they're waiting for exams to be over as they should be by now. good luck!!
I think there maybe still hope for me yet after all. I may have a slim chance, if at all in getting an offer soon. I think I need to show a little more initiative, be a little more persistence, put some more effort into it and work the system. Basically check back and follow-up with HR on the status of my job application.
Goodluck, show them you want it.
i'm currently in the waiting process right now. i had 3 2nd rounds last week, and i know that they've already sent out their offers. i think they keep you hanging because they can ask you if their first choices choose not to accept their offers. i dont even know if i'll get a rejection call at all.
Waiting for Offer - Advice (Originally Posted: 11/28/2016)
Hey Monkeys,
I recently interviewed at a MM in another city for a lateral analyst position. They flew me out, and I believe every interview went very well. That was a week ago and I spoke to the recruiter today which said I should know in one more week because they are interviewing a third candidate next Monday. He said they liked me and had nothing negative to say.
I am aware that they there are 2 positions and 3 candidates (including myself) interviewing. Does this imply that I am 'wait listed'? Should I follow up again sometime this week directly to the VP/MD?
Thanks in advance.
Advice is to stay radio silent and not be annoying. You probably have it
im in the same position as you, give it time, last week was crazy w holiday and most likely people you interviewed and/or HR couldnt meet to finalize decision. Good luck either way
I lateraled from a "no-name" boutique to a top MM after my first year in IB. It took the MM a month from my superday until they made me an offer. Ignore the standard "if you don't get a call the same day, you got dinged" advice.
It's recruiting season for most banks for summer interns, as well, so the HR departments have their hands full with a bunch of different processes. Combine that with the holidays, and I think you have nothing to worry about.
Waiting for an offer (Originally Posted: 12/24/2009)
Waiting for an offer from a BB. Had a final interviews about a week ago. What is the process like when an offer is made. I assume that I will not hear back until after the new year..
They usually give out offers the day of the final round and then put everyone else on a wait list. Not hearing back immediately or in 2-3 days means that your're waitlisted.
Usually you'd find out within a week, but that isn't always the case. The holidays can throw a wrench into the typical plans, so you might just need to wait longer than usual if not everyone is in the office to discuss.
Good luck.
it would be a nice christmas present though
Haha yeah, but don't count on hearing anything until after New Year's at least.
In my experience, which is only one offer mind you, it'll be a phone call. If you see a "blocked" number pick up!!!
...why would a bank block their number?
^ blocked number because they use VOIP
I got one of my summer offers from a BB after a week and a half (non-holiday too) so don't give hope just yet.
While too much time is usually a bad signal, it is quite possible that the bank just doesn't have their act together. Also, sometimes they want the opinion of a key person, and that key person may be too busy to give their feedback. With the holidays here, I'd say that anything is fair game -- so don't throw in the towel yet.
And yes -- offers are usually give in the form of a phone call. It is rare to first hear of your offer from a letter / email / voicemail.
Goodluck.
What bank / position was this?
MS/ Wealth Management rotational
Still waiting to hear back? Touch base? (Originally Posted: 12/13/2012)
So I had a full-day of interviews for a summer internship in London with a major BB last Monday (December 3rd). HR there said usually they let people know of the decisions fairly quickly and Wednesday of the last week would maybe be even the latest.
I feel like my interviews went very well and I left a good impression but I don't know why it's taking so long to find out. There is one person I interviewed with who I had met before on campus and built good raport with. This guy even gave me a tour of the trading floor which he didn't give to the others. Is it bad if I contact him casually and ask about what the status could be? Or should I just continue to wait?
Not sure what it is with the recruiting process for BB London offices, but they seem to go with a different model than their NY counterparts (ie not giving out offers the same/next day). I've talked to a few people who had superdays for London banks and did not hear back for 1-2weeks, whereas this is generally unheard of in the US. Keep your head up!
Yes, Shoot that guy an e-mail, enough time has passed, and ask if he has heard anything/status of the position.
Waiting to hear back about interview (Originally Posted: 05/06/2013)
Warning: this is probably 1Mth post about when to reach back out after an interview, but is slightly unique, as always...
Background... I had a phone interview on 4/25/13 with a botique IB. As a follow up, they requested I send examples of my with, which I did same day. They then asked about what compensation I would require on 4/26, which I sent back 4/27. On 4/29, the interviewer thanked me and said it would be about a week 'or so' to sort through the candidates and reach back out for 2nd round interviews.
Actual question... As he indicated, I haven't heard anything back but it's now 5/6 (exactly 1 week after the phone interview). What is the protocol for reaching back out? My thought is to wait until tomorrow then send a quick email to check in. This feels appropriate, but is there a reason I should continue to wait? Would a phone call be more appropriate?
Sidenote: For more background... the phone screen seemed to go well, he liked my background and I did well on the two technical questions (though made a relateivly minor mistake on the 'how does a $10 increase in depreciation affect the 3 statements' question).
Your current plan sounds fine to me. I would just shoot a quick email rather than call
Examples of your width?
Thanks Roy. Sonny - sorry but what do you mean by width?
Just shoot them a polite email to ask where are they at with the process.
Waiting to hear back from GSAM first round (Originally Posted: 02/03/2010)
I had a first round phone interview with Goldman Sachs Asset Management, for a full time position. Its been about a month and I have not heard back.... I talked to the recruiter on Jan. 15 and they said that there still in first round stage...
I think that if the interview had gone well, they would have gotten back to me by now. I have never waited a month to hear back from a first round interview.
Any thoughts??
start looking elsewhere. 1 month is too long for anything
Yeah, I gave up on my GS interview after 3 days. Forget a whole month!
Goldman is hard nut to crack for a lot of people. But yeah, if one month has gone by, you should move on.
For the full time position in GSAM first interview what type of questions were you asked? Was it more behavioral or quantitative? And if so what type of quantitative questions were they?
Keep waiting to hear back... (Originally Posted: 01/16/2011)
I had a final round interview for a lateral position two weeks ago. The group is looking to replace someone who left so they've repeatedly said they're on a tight timeline. HR called me Tuesday of this week to tell me that interviews are over, I'm "obviously a finalist", that they got good feedback from the group about me, and wanted to know my current comp and some other details to determine my comp, signing and relocation package as well as Visa details since I'm a non-citizen. Moreover, they told me that I'd know by the end of the week.
Well, the end of the week came and went, and HR called to say that a lot of their systems and internal processing is located in CT and that the "snowstorm" had "slowed down" their "internal approvals" and that they wanted to make sure all the t's were crossed and i's were dotted before they did anything. Now I'm told I'd hear Tuesday and most likely from the group head himself.
Anyone have any idea what's going on here?
youll hear tuesday..
I was also supposed to "definitely" know by the end of last week...
... wtf is this shit?
lol
OP I think you should relax and wait.
youll know on Tuesday,, dont worry too much about it they basically told you youve got the offer
GS, waiting for offer (Originally Posted: 04/18/2011)
Had my final round at GS, now I'm waiting for an offer.
The final round was on Tuesday, and I met with HR, a few MDs, VPs, etc. The HR person went into quite a bit of detail about the position and I know they like me.
Question is: How long can I expect to wait to get an offer? And what's the proper way of following up with HR if I don't hear anything?
Can be quite long.
Just read liars poker, call them up and say i accept the offer.
Anybody have a wait time from Final Round to offer?
Did anybody expedite the process by calling HR after not hearing anything? Or any processes used after not hearing back?
I had an interview with GS back in February and heard back the same day but my interview was in the morning. If its on a Friday expect to hear back Monday. Good news travels fast.
The same day? That's really quick.
Anybody who waited a little longer?
For a full-time offer it took me a month to hear back. I did not contact HR and I would suggest you don't either. GS works on their own time-frame...Patience - there is no changing your fate now.
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