IBs taking forever to answer
Hi all, I have been giving interviews for several IBs in last few months and i have had a very laggy, slow experience.
Namely, i have been interviewed by JPMC for about 3 profiles, Barclays for about 3 profiles, BNP Paribas and DB for about 2 profiles.
I would not disclose or discuss anything about offers. What i want to highlight is all these organizations are just taking weeks to finalize and give answer. If they like you, they would have rounds of interview in 2-3 days after each interview, but then, its radio silence. Then they either internally reject you and don't give any update or keep on window shopping with other candidates and try to find cheaper options. Then they come back if they don't find anything. But something that they should change is transperancy.
Say exactly what is the status of a candidate. Why you want to keep on buying time. On the contrary, i was also interviewed by EY. And they were simply the fastest and the most to the point guys. Interviews done in 2-3 days, after final interview with director, i got a call the same evening discussing salary, etc...
No HR HR game and time wasting.
Also, none of the IBs ever update the status on online portal and when you reach out to HR for an update, all they say is its in process, waiting for business to reply and please check status online.
At times, even after months, the status stays the same.
And the worst part is, after playing their time wasting game, say if your scored an offer letter from somewhere else, they will say that this wasn't disclosed or said during the discussion. They should understand that if they are wasting a month of an employee on the pretext of "waiting from business for reply", it can happen.
If any other folks have faced same issue, please share.
I personally have made a decision that if and when i do hiring or am part of hiring process, will try to be as transparent as possible and give answer atleast in a week's time to any candidate.
IBs, PEs and even VCs are in a terrible place since the fed rate hike (see what happened to Tiger Global). Not much business, low attrition in workforce.
Checking if you are applying for the front office role. Would be surprised if they are even interviewing folks at this point
To be frank, there is literally no or negligible amount of actual, real front office roles in India. The only ones are those that exist in south bombay, india bulls and worli offices that actively take positions in indian markets and capital markets from India.
Rest all are support to front office, so called front office extension, operations, middle office or back office/IT/product, etc.
This is for IBs, no idea about PEs or VCs personally.
I see. Are you a fresh grad from IIT/ IIMs/ top DU, or are you moving into front end from prev middle office work ex
+1. I was told delay is bcoz of upper management being on holiday and what not.
These are common answers and techniques. During interviews they say we follow US and Europe holidays, etc... And while taking interview decisions, they start to follow Indian holidays. 😂
Damn, never interviewed at one - but this is horrible
It’s actually true for VC as well. If the interview is hot, they move fast, otherwise they end up ghosting.
Even if the interview is hot, they would complete the full process of 4-5 rounds, but theb ghost at the end when the time is for final answer and salary discussion.
When they see your current salary is high, they will just scout for cheaper options. And when interview is average, they would again keep the person wait listed and scout to see if a better person can be found.
I mean, be clear and say that you are looking for options if you are doing.
You can't say business is still thinking for 3 weeks and keep an option to come back if you don't find anyone.
