Candidates that are "definite no's" are first to know? I always thought banks just never called you back? Or am I missing something here?

 

Any reputable firm will let you know when you get dinged. I know we let the "Yes" know relatively quickly, the "No" know soon after, and those in a holding pattern could wait weeks. You probably can't do much beyond wait right now. I would reckon that you have not been dinged yet.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

heard back and was told that they were still finalizing and so could not 100 percent confirm the final shortlist. They told me it will take another two weeks and to be patient and understanding.

what does this mean?

 

It means you shouldn't rest on your laurels. Have as many conversations as you possibly can with as many firms as will talk to you. Keep interviewing.

 
Best Response

You are most likely an alternate, and they want to see who accepts their offers before they make a final decision on you. After every super day, the interviewers meet and rank all the candidates against each other. Some firms will tell you if you are officially on hold, other firms do not. Usually, the banks with a quicker turnaround time for exploding offers do not tell you anything. That way, if a spot opens up quickly, they can contact you and make you an offer, leading you to believe that they were interested in you all along. They also want to keep a strong pool of alternates and do not want to lose you by telling you were the second choice. Based on my experiences interviewing, the ones who get offers find out first (usually 1-2 days after superday), and the kids who are flat-out rejected find out soon after (2-3 days after superday).

Hang in there and be patient. They are obviously still interested in you. I think expressing interest once is okay, but overdoing it just gets plain annoying.

 

What happens if I never hear back? Does that mean I suck? Not even a sorry we found another candidate type response.

 

You'll hear back. Everyone gets a response. If not, you were either A) Lost in the mix, B) The bank is terrible.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

So, theoretically lets say that all the offers are accepted. Does that mean, that I automatically would not be considered anymore? Or would they still evaluate my candidacy? Lastly, what percentage of people would they keep as an "alternate" or on hold. I would imagine that it would only be a few people??? Thanks.

 

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