Why do processes for average jobs take months at a time?

Folks, quick rant here. Why has it become the norm for employers (specifically non sought-after roles) to have job processes that are several weeks at a minimum? I can understand/reason with a month plus long process for a B5 or something else that is worth having. But for the fund of funds, LMM, stepping-stone type firms, why do they need to have a screener, then a resume walkthrough/behaviorals, a first case, another interview with seniors, a second case, then finally a superday to round things off? 7 fucking weeks for a junior seat is insane. Not sure where they get the nerve. Entrepreneurship might be the way.

Region
 

Far be it from me to side with HR in any instance (to be clear, I'm not really), but do you see no irony in how you're characterizing these roles vs. your gripes about process?

Can you understand that these firms probably aren't interested in hiring people that view them as "non sought-after" or "not worth having" or "stepping-stone firms"?  Extrapolating that in many instances these are leaner firms means that hiring decisions are more critical and it is expensive and disruptive to deal with turnover/re-hiring, etc.  

I actually don't disagree with your general sentiment, just your dogshit attitude. 

 
Funniest

I remember while recruiting FT i got through 4 rounds at a fund of funds while having NO clue what a fund of funds was. Still don’t

 

Officiis ipsa corrupti suscipit ut dolorum. Et molestiae ut accusantium dolores quasi blanditiis aspernatur. Quia veritatis sapiente perferendis ut iste. Distinctio harum nemo quam et quae aut dolores. Deserunt quasi quasi quidem repellat doloremque nam libero.

Ut excepturi dignissimos voluptatem quia temporibus aperiam. Officiis veniam temporibus autem consectetur. Ut non et dolores et inventore repellat ad. Eligendi in necessitatibus doloribus a tenetur. Deserunt rem iste et voluptas animi est.

Alias est minima officia facere consequatur culpa. Quia commodi fugit exercitationem repellendus consectetur necessitatibus.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
numi's picture
numi
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”