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INTERVIEW FOLLOW UP EMAIL AFTER 2 WEEKS TV

The reasons vary, but some banks believe – incorrectly? – that it may be a legal liability to give you a “no” answer upfront. It takes them away from deals and clients, which is the last thing any senior banker wants. They may not be paying you much money as an intern, but if they have to spend a lot of time answering questions and “training” you, that costs them time, which is equivalent to money. Remember why companies hire you in the first place: to make money, save money, or make a process more efficient. In fact, they may not even deliver rejections to the 5 “not nearly as good” candidates.īankers get distracted by fire drills so much that it’s hard to gather everyone together again, so HR has to run between different people to get their views… if they bother to do that at all.Įach group works differently, but many offices would much rather hire 1 great intern than hire 1 great intern and 4 “OK” ones. The bank would rather give out 1 internship offer and then sit around and wait on everyone else. So that leaves the VP and Associate, who go back and forth but don’t reach a conclusion – but they’re leaning toward giving offers to 2 of the “4 remaining impressive candidates.” Then, the Analysts get yanked away by their VP to finish a pitch book for an IPO bake-off the next day. In any case, though, HR gathers everyone after the interviews and they start debating who else should receive an internship offer…īut 5 minutes into that discussion, the MD is pulled away because of a client emergency – a deal is falling apart at the last-minute due to a hostile offer made by an activist hedge fund. Or it could be a more legitimate reason, such as having superior technical skills or having the exact deal and client experience the bank is looking for. The reason why one person was the “top candidate” could be completely irrational – he and the interviewers were in the same frat, they had a shared interest in whitewater rafting, or the bankers simply liked the socks he wore.

And they all agree that the remaining 5 candidates were not nearly as good.

Meanwhile, they’re divided on other candidates: the VP and MD like 2 other candidates the most and can’t decide between them, while the Associate and Analysts like 2 different candidates the most and rank them equally.

The VP, MD, Associate, and 2 Analysts all like the same person the most and they decide to give him an immediate offer the day after the interview.

Here’s what might happen behind the scenes: Let’s say you go in for Superday interviews with 10 other candidates, at a smaller, regional bank that’s looking to hire 2 interns for the summer. Sometimes, it’s even at the bottom of the priority list for HR because they’re busy with… afternoon tea time each day? I have no idea, but it sure seems like that sometimes. Recruiting is at the bottom of the priority list for bankers – they are busy doing deals, winning clients, and otherwise making money. It could even be something stupid, such as the bank losing your contact information or recording the incorrect email address or phone number.īut 90% of the time, it’s because you performed “on par” with other candidates – not poorly enough to receive an outright rejection, but not well enough to win an immediate offer. In some cases, this actually happens because the bank or group is so disorganized that they “forget” to notify you, which is why it’s critical to call back 2-3 days later AT MOST (and ideally before that).

So it’s not that you “failed” the interview – it’s just that other people were more impressive or fit in with the group better. If candidates turn down their offers, the bank will approach candidates ranked lower on the list and start making offers to them.

The bank has already given an offer to someone else, or it has already given out the “targeted” number of offers, and it’s waiting for people to respond. So what happened? Where did you go wrong?ĭoes it mean you got rejected and they’re not telling you? Or are they just disorganized?Īnd most importantly, what can you do to get a response?īecause you’re not the #1 candidate for the position.

INTERVIEW FOLLOW UP EMAIL AFTER 2 WEEKS TV

You get back home and watch some TV to unwind…Īnd before you know it, 2 weeks, 3 weeks, or even an entire month. You walk out of the interview on top of the world.Īfter studying technical questions for 143 hours and reciting your story so many times that you could walk through your resume in your sleep, you’re confident you knocked this one out of the park. The VP shakes your hand, and you turn around and leave the room. “It was great meeting you – we’ll get back to you in a few days!”