What exactly happens after a superday?

SSCC's picture
Rank: King Kong | 1,054

I already went through recruiting for sophomore summer, and luckily got an offer, but will be going through that again for next summer, and the whole process is so opaque...

I wonder what exactly happens after you've had a super day and you've interviewed with 2-3 MDs/VPs?

What / when / where/ how do they discuss candidates?

Why do you get called the same night if you got an offer? How do they make decisions so quickly?

Do they have some criteria they discuss when they talk about candidates, or are they just like "oh ya, I liked that kid, let's take him/her"?

Comments (17)

Mar 16, 2018

Also interested in:

If most of the superdays were finished in the AM, why was the offer at 6pm that night?

How does HR run through an candidate when you got the superday through a backdoor and never officially applied online. (BB, most places the online application was important but my bank said they had everything from my resume)

Mar 16, 2018

There is a round table where they rank all of the candidates against each other. The bankers then leave and HR takes over to notify the candidates who made the cut for the group.

Mar 16, 2018

They just rank them based on how much they liked them / based on general "goodness", or do they use some criteria? How formal is it?

Mar 17, 2018

bump

Mar 17, 2018

In my experience, same night or even a few hours later calls are for the first choice candidates. Some other candidates are put on hold, where if the first choice candidates refuse then they will get called eventually - maybe in a couple of days or a week later.

Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Mar 17, 2018

Ya, that's what happened to me also (same night after SD)
I just wonder on what basis they evaluate candidates afterwards. Like do they have specific criteria (hardworking, smart, etc.) or is it just "oh I liked Mike better than Jake, I think he can do the work"
@DickFuld

Best Response
Mar 18, 2018

They generally take a holistic approach. It's not like Billy scored 5 on the technical portion, 3 on the behavioral, etc. and then add up the points to see who is the highest.

Generally, everyone gets in a room/conference call and people get a chance to speak on the various candidates they talked to/force rank them. Candidates are assessed on anything from their technical abilities, knowledge of their previous work experience, knowledge of the firm, potential fit in the group, drive, etc.

It's an imperfect process, but by the time 6-7 people have interviewed a candidate then you can generally reach a pretty good consensus.

Regarding why the delay between morning superday and 6pm call - normally the interviewing can take up a good portion of the banker's day in the morning (could be meeting 3-5 people for 2-3 hours) and frankly they need time to catch up on emails/work. Hence the roundtable meeting/call often doesn't take place till later afternoon.

    • 4
Mar 19, 2018

Interested as well! I'll be recruiting in SF, so wanted to know if it's different compared to NY because of smaller group sizes.

    • 1
Mar 20, 2018

Correction: "Difficult decision"

Mar 20, 2018
Comment