BB Summer Assoc Offer on 'HOLD'
I had my Superday with a coverage group at a BB for the Summer Associate role in NY back in early Dec. I was placed on hold the next day. 2 weeks later, the Director in NY called and put me in touch with the West Coast office since they majorly covered the sub-sector of my liking. I spoke to 5 people in that office but haven't heard back from them since a month. I've been following up highlighting that I have prior M&A experience but haven't got any response. Any suggestions? This is my target bank
Based on the most helpful WSO content, it seems like you're in a bit of a tricky situation, but not an uncommon one. Here's a tailored approach to potentially move things forward:
Continue to Follow Up, But Wisely: It's crucial to keep the communication lines open, but you also don't want to come off as too pushy. Since it's been a month without a response, consider sending a follow-up email that not only reiterates your interest and relevant experience but also asks if there's any additional information they need from you. This could be a more subtle way to prompt a response.
Leverage Your Network: If you have connections within the bank or know someone who can introduce you to other employees within the firm, now might be the time to leverage that network. A referral or a word put in by someone internally can sometimes make a significant difference.
Seek Feedback: In your next follow-up, you might also ask for feedback on your interviews. This shows your willingness to learn and improve, which is a positive trait. Plus, it gives you another reason to reach out and possibly get some valuable insights.
Prepare for Other Opportunities: While this is your target bank, the high finance world is full of opportunities. Continue to apply and interview at other firms. This not only increases your chances of landing a summer associate role but also might put you in a stronger negotiating position if your target bank does come through.
Stay Positive and Professional: It's easy to get discouraged in situations like this, but maintaining a positive and professional demeanor in all communications can only work in your favor. Remember, the finance world is smaller than it seems, and impressions matter.
Remember, persistence is key, but it's also important to balance it with patience and professionalism. Good luck!
Sources: Advice for summer and return offer rate?, Offer rescinded what can I do now?, Eight Habits of Top Bucket IBD Summers, HELP! Internship application decison "on hold", DB HR Recommends Exploring "Summer Alternatives" for SA
It's been 3 months since my Superday and being placed on Hold - I still haven't heard back from them despite following up every 3 weeks to show I'm interested while trying to maintain a good relationship by tracking their deals and congratulating them.
I'm genuinely interested in joining the group and have also spoken to 12 people total in the group in the NY and West Coast office only to be ghosted for 2 months. Is this a lost battle? Are they being unprofessional or would they genuinely have no update?
Ok well this is a bit misleading because it doesn't sound like they made you an offer, it just sounds like you are/were on a reserve list and they went with someone else.
How is it misleading? If they went ahead with someone else and aren't giving out any more offers, they should at least inform about the rejection.
Welcome to the world of finance
unfortunately this is how it goes
Sorry to break it to you but if several months have gone by, you’re cut.
This is the norm in finance. You don’t get rejection emails because there may be a case of their top candidates rejecting the offer or rescinding. In that case you have a chance but usually not hearing back for a few weeks is a sign that you’ve been cut.
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