Last visit was: 24 Apr 2024, 05:04 It is currently 24 Apr 2024, 05:04

Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Close
Request Expert Reply
Confirm Cancel
SORT BY:
Date
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [83]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
avatar
Current Student
Joined: 17 Apr 2006
Posts: 146
Own Kudos [?]: 44 [1]
Given Kudos: 0
Send PM
User avatar
Manager
Manager
Joined: 01 Dec 2007
Posts: 198
Own Kudos [?]: 13 [1]
Given Kudos: 0
Send PM
User avatar
Current Student
Joined: 18 Dec 2007
Posts: 983
Own Kudos [?]: 144 [1]
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
Brilliant stuff!

I have to map in some core times for family and kids for myself.
Don't think i will be as ambitious as you in hitting 20 companies.

Out of interest 10-k it's USA specific I guess, because its related to the SEC, so i assume there must be something similar for companies operating in different countries.
User avatar
Current Student
Joined: 23 Jul 2007
Posts: 313
Own Kudos [?]: 69 [1]
Given Kudos: 0
Concentration: Healthcare
Schools:Attending Stanford
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
Damn rhyme, that's amazingly helpful. Thanks so much!
User avatar
Current Student
Joined: 27 Mar 2008
Posts: 359
Own Kudos [?]: 54 [1]
Given Kudos: 1
Concentration: Finance, Entrepreneurship
Schools:Kellogg Class of 2011
 Q49  V44
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
Great post once again Rhyme!
User avatar
Current Student
Joined: 11 Dec 2006
Posts: 1428
Own Kudos [?]: 233 [1]
Given Kudos: 6
Location: New York, NY
Concentration: Finance (Corp Fin, Financial Instruments)
Schools:NYU Stern 2009
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
kk.iyer wrote:
Rhyme...as i said last time.....a guide to time management would be a fitting capstone for all these awesome posts.
Seriously man..how do you do it? Is it something that one ends up mastering once in or does one need to be gifted?
Kudos...


I think a guide to time management is really tricky to put together. Somehow everyone finds a method that suits them, and works accordingly (even if that involves writing an assignment in a 1hr lunch before a class at times). I could try and dig out one of my old schedules. For banking, for two weeks, I had something at 7am every day and something until 9pm, with a pretty full day around it. You really have to live through it simply reminding yourself that there is only a couple of really rough weeks, a lot of bad ones, and then some where it all gives in.
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [1]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
3underscore wrote:
kk.iyer wrote:
Rhyme...as i said last time.....a guide to time management would be a fitting capstone for all these awesome posts.
Seriously man..how do you do it? Is it something that one ends up mastering once in or does one need to be gifted?
Kudos...


I think a guide to time management is really tricky to put together. Somehow everyone finds a method that suits them, and works accordingly (even if that involves writing an assignment in a 1hr lunch before a class at times). I could try and dig out one of my old schedules. For banking, for two weeks, I had something at 7am every day and something until 9pm, with a pretty full day around it. You really have to live through it simply reminding yourself that there is only a couple of really rough weeks, a lot of bad ones, and then some where it all gives in.


Go for it.... post a week from your schedule, it would be interesting to compare.
avatar
Manager
Manager
Joined: 13 Mar 2008
Posts: 84
Own Kudos [?]: 14 [1]
Given Kudos: 0
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
A great post, rhyme.
User avatar
Current Student
Joined: 27 Feb 2008
Posts: 296
Own Kudos [?]: 71 [1]
Given Kudos: 15
Concentration: Finance, International Business
Schools:Kellogg Class of 2011
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
rhyme,

Great post as always. Regarding the research that is required for events/interviews, do the industry-specific clubs (IB club, MC club, etc) have a collection of good info about the top firms that you can use, or are you basically on your own?
SVP
SVP
Joined: 31 Jul 2006
Posts: 2209
Own Kudos [?]: 520 [2]
Given Kudos: 0
Schools:Darden
 Q50  V51
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
2
Kudos
rhyme wrote:
Go for it.... post a week from your schedule, it would be interesting to compare.


Here's my schedule from our interview week. Most of the IBs try to cram into the first week if they can.

Monday

9:00 - First Round Interview

10:30 - First Round Interview

11:45 - First Round Interview

1:00 - First Round Interview

2:00 - First Round Interview

3:15 - First Round Interview

Two of the BB banks had their second rounds this same evening. Fortunately, I requested a second round with a branch office, so I was able to accept the invite at put it off till the end of the week. Unfortunately, I had to turn down a second round invite to have dinner with one of my top choices.

8:00 - Dinner - had to choose between this, another dinner.

10:00 - Cocktails with another firm, had to show up a little late because of dinner.

-----

Tuesday

8:30 - Second Round Interview (second rounds are off campus, generally at a hotel, so you have to get yourself out there, and back)

10:45 - First Round Interview

11:45 - First Round Interview

1:30 - First Round Interview

2:30 - Second Round Interview

4:30 - Second Round Interview with my #1 choice. This was a grueling interview set, lasting 2 solid hours including a horrendous case that everyone told me they bombed (I was the last to go). Got the offer later that evening and returned for cocktails.

Since I got an offer from my top choice firm, I canceled of the rest of my schedule (had already accepted some second rounds which I told them I was keeping).

-----

Wednesday

3 Second round invites for today declined.

12:00 - First Round Interview *canceled*

1:00 - First Round Interview *canceled*

4:00 - First Round Interview *canceled*

-----

Thursday

9:00 - First Round Interview *canceled*

11:15 - First Round Interview *canceled*

2:30 - Flight to San Francisco for a Second Round Interview and to meet with the West Coast office of my top choice.

7:30 - Phone Interview *canceled*

-----

Friday

9:30 - Second Round Interview

12:00 - 4 hours of meetings with office of my #1 choice

1:00 - First Round Interview *canceled*

3:00 - Second Round Interview *canceled*

-----

By Tuesday night, after a dozen first and second round interviews, dinner and cocktails, I was totally brain dead. I was so unbelievably happy to get an offer by the end of the second day. It would have been crushing if this had gone on for two or three weeks instead of just two days (all the banks pretty much show up by the third week). We were lucky in that they scheduled an open week just for interviews. In past years, students had two or three classes each morning prior to interviews all afternoon and evenings. Of course, recruiters for other types of jobs came later, mostly after the first week, so students interested in those jobs had the same challenge. I ended up dropping out and canceling a lot of stuff later on the in the week, but if I had kept on going, some of those canceled first round interviews would have turned into second round interviews, and if I had kept pushing there probably would have been additional first round interviews as well. A few of my friends kept at it for weeks, trying to get a specific firm or practice area. Grueling.
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [2]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
2
Kudos
Quote:
It would have been crushing if this had gone on for two or three weeks instead of just two days (all the banks pretty much show up by the third week).


I went back to look, and not counting a couple random one-off phone screens, mine lasted about 3 weeks. As you predicted, it was pretty soul crushing.
User avatar
Director
Director
Joined: 28 Dec 2005
Posts: 696
Own Kudos [?]: 107 [1]
Given Kudos: 0
 Q49  V45
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
Thanks rhyme! This is probably one post I will have to come back to a couple of times.
User avatar
Senior Manager
Senior Manager
Joined: 05 Feb 2008
Posts: 321
Own Kudos [?]: 59 [1]
Given Kudos: 10
Location: Texas
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
So you only work on mondays?

Great post... :-D
User avatar
Senior Manager
Senior Manager
Joined: 19 Mar 2007
Posts: 453
Own Kudos [?]: 324 [0]
Given Kudos: 0
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
Ha-ha-ha :) That almost made me jump out of my window! Great post! Thank you, rhyme.
User avatar
GMAT Club Legend
GMAT Club Legend
Joined: 05 Apr 2006
Affiliations: HHonors Diamond, BGS Honor Society
Posts: 5916
Own Kudos [?]: 3083 [2]
Given Kudos: 7
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE:Business Development (Consumer Products)
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
1
Bookmarks
maverick2011 wrote:
rhyme,

Great post as always. Regarding the research that is required for events/interviews, do the industry-specific clubs (IB club, MC club, etc) have a collection of good info about the top firms that you can use, or are you basically on your own?


They have some basic info but you really need to do your own research too. The kind of stuff they offer is usually somewhat more focused in terms of pointing you to resources - eg the IM group will tell you to read book X, practice stock pitches, etc... MC folk will tell you to practice cases and provide you with some samples as well as links to books, etc... But really, you need to do your own homework.
User avatar
SVP
SVP
Joined: 11 Mar 2008
Posts: 1579
Own Kudos [?]: 291 [1]
Given Kudos: 0
Location: Southern California
Concentration: Investment Banking
Schools:Chicago (dinged), Tuck (November), Columbia (RD)
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
pelihu wrote:
rhyme wrote:
Go for it.... post a week from your schedule, it would be interesting to compare.


Here's my schedule from our interview week. Most of the IBs try to cram into the first week if they can.

Monday

9:00 - First Round Interview

10:30 - First Round Interview

11:45 - First Round Interview

1:00 - First Round Interview

2:00 - First Round Interview

3:15 - First Round Interview

Two of the BB banks had their second rounds this same evening. Fortunately, I requested a second round with a branch office, so I was able to accept the invite at put it off till the end of the week. Unfortunately, I had to turn down a second round invite to have dinner with one of my top choices.

8:00 - Dinner - had to choose between this, another dinner.

10:00 - Cocktails with another firm, had to show up a little late because of dinner.

-----

Tuesday

8:30 - Second Round Interview (second rounds are off campus, generally at a hotel, so you have to get yourself out there, and back)

10:45 - First Round Interview

11:45 - First Round Interview

1:30 - First Round Interview

2:30 - Second Round Interview

4:30 - Second Round Interview with my #1 choice. This was a grueling interview set, lasting 2 solid hours including a horrendous case that everyone told me they bombed (I was the last to go). Got the offer later that evening and returned for cocktails.

Since I got an offer from my top choice firm, I canceled of the rest of my schedule (had already accepted some second rounds which I told them I was keeping).

-----

Wednesday

3 Second round invites for today declined.

12:00 - First Round Interview *canceled*

1:00 - First Round Interview *canceled*

4:00 - First Round Interview *canceled*

-----

Thursday

9:00 - First Round Interview *canceled*

11:15 - First Round Interview *canceled*

2:30 - Flight to San Francisco for a Second Round Interview and to meet with the West Coast office of my top choice.

7:30 - Phone Interview *canceled*

-----

Friday

9:30 - Second Round Interview

12:00 - 4 hours of meetings with office of my #1 choice

1:00 - First Round Interview *canceled*

3:00 - Second Round Interview *canceled*

-----

By Tuesday night, after a dozen first and second round interviews, dinner and cocktails, I was totally brain dead. I was so unbelievably happy to get an offer by the end of the second day. It would have been crushing if this had gone on for two or three weeks instead of just two days (all the banks pretty much show up by the third week). We were lucky in that they scheduled an open week just for interviews. In past years, students had two or three classes each morning prior to interviews all afternoon and evenings. Of course, recruiters for other types of jobs came later, mostly after the first week, so students interested in those jobs had the same challenge. I ended up dropping out and canceling a lot of stuff later on the in the week, but if I had kept on going, some of those canceled first round interviews would have turned into second round interviews, and if I had kept pushing there probably would have been additional first round interviews as well. A few of my friends kept at it for weeks, trying to get a specific firm or practice area. Grueling.


Were these all bulge brackets? Or did you interview with smaller banks as well?

How technical were your interviews as a whole?
User avatar
Senior Manager
Senior Manager
Joined: 05 Feb 2008
Posts: 321
Own Kudos [?]: 59 [2]
Given Kudos: 10
Location: Texas
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
2
Kudos
I know a little about pelihu's background, but not sure what type of background you have rhyme, but would these large amounts of interviews for IB be possible for someone that is a career switcher, and never having any finance related experience?

Originally posted by 89nk on 05 Jun 2008, 21:37.
Last edited by 89nk on 06 Jun 2008, 21:31, edited 1 time in total.
SVP
SVP
Joined: 31 Jul 2006
Posts: 2209
Own Kudos [?]: 520 [1]
Given Kudos: 0
Schools:Darden
 Q50  V51
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
1
Kudos
terp06 wrote:

Were these all bulge brackets? Or did you interview with smaller banks as well?

How technical were your interviews as a whole?


All of the interviews on the first two to three days were bulge bracket banks. There's some system where firms that contribute the most to the school get to interview first. Banks dominate the first week, and the biggest banks and biggest recruiters come earliest.

Technical content varied. Some firms had a few questions in the first round, others grilled pretty hard in the first round. Some firms designated one (or more) of the second round interviews as technical, while another firm simply had a non-technical meeting with senior management for the second round. I did notice that firms varied the content of their interviews based on their opinion of the candidate. For example, one bank let me and a few others basically have a free pass on the technical portion in the first round (easy questions, questions about poker, things like that) because they had gotten to know us very well during recruiting and it seemed like they had pretty much moved us along to the second round already. I spoke with some others who interviewed with the same firm, but hadn't done as week during recruiting or had bid their way on to the interview list (as opposed to getting an invite) and they reported they were grilled hard for 30 minutes solid. It's pretty clear by the interview stage that most firms already know who their favorite candidates are. They might invite 15 to interview, and have another 5 bid their way on, but they've probably already made decisions on 2/3 of the people they will invite to the second round. The interview is definitely important, but the months of recruiting leading up to it are critical as well.
User avatar
VP
VP
Joined: 24 Sep 2006
Posts: 1359
Own Kudos [?]: 208 [7]
Given Kudos: 0
Send PM
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
5
Kudos
2
Bookmarks
I had a somehow different experience due to my own decisions. Pretty stressful, if you ask me, but not necessarily because of a hectic schedule. This was my path (exaggerated a bit here and there for dramatism):

September - October: participate in some career planning workshop and tests. Come out with a strong fit with Entrepreneurship and (to a lesser extent) General Management (GM). Attend some industry specific presentations and strike down most industries from my list.
November: Consulting? IB? Nah, I won't attend those dinners. I should probably do a startup for the summer.
January: (the deadline to apply for interview week interviews): Decide to eliminate the following options: finance whatsoever jobs, consulting in general, healthcare focused companies, tech companies, media companies, jobs in my home region (what would that add to my resume?), positions that are a little too entry level for my pre-MBA experience, companies that do not require at least 2-3 years pre-MBA experience (why would I want to work at a position that could be filled by a 23 year old?), companies that do not sound prestigious enough, etc. I'm basically either "too good" (or too lazy towards the deadline which came in the middle of our winter break) for most positions, so end up applying to around 8-10 jobs: about 50% GM and 50% non-profits.

February: during interview week I was interviewed by about 5 firms, about 1 a day, pretty relaxed schedule (get up early, research, interview, research next day's, relax). That included interviewing with a couple of firms that "spammed" me into interviewing with them despite not having applied. Was interviewed by "dream firm" but did not get an offer. Get a few interviews outside of interview week later in the month.

March: most my friends have more than 1 offer in hand and I'm thinking about "how to rule the world" by getting involved in a startup. Fail to apply to any other jobs while considering startup options.

early April: talk to some people I know (from before B-school) about a startup with which they are involved that can interest me. Look into getting the school's funding for people working at startups or starting their own thing. Figure out that I need to write a business plan to do so, and that spending the summer writing a business plan is not what most people are doing at startups.

late April: talk to coaches, mentors the entrepreneurs at the startup and others and suddenly get cold feet about startups in general and the one I'm about to join in particular. Talk to the startup guys about doing a field study (i.e. research for class credit while school's going on) instead. Start shotgunning e-mails everywhere. Surprisingly, the job bank is still running deep despite it being late in the game.

mid May: school's about to end and I haven't been even invited to interview by anyone. Consider going the startup way (using personal funds for living expenses since the deadline for school's funding has passed and I did not submit anything). I start replying to e-mails from classmates and clubs sending along positions that need to be filled ASAP. Post resume in monster.com...

late May: get invited to two interviews in consecutive days (finally!). Both are strategy positions, both are interesting per se (i.e. they would have been interesting back in February).
One phone interview, one in person (local company).

early June (this week): get offers from both companies. Choose one, decline the other. YAY! I'm all set for the summer.

My learnings from the whole process:

- jobs can be quite hard to get if you have too many limitations in mind. However, I'm yet to meet anyone who has been unable to get an MBA-worthy summer job if they were willing to compromise to some extent.

Talking to some 2nd years, the few people that haven't found full time jobs are, for eg., the few students who are looking to get into a top-20 VC firm full time without much relevant experience and knowing that all those firms combined have only 10 post-MBA open positions. Or the few students who want a specific location, a specific industry and a specific function and aren't willing to compromise on any front. Or the really bad interviewers (those who get a lot of interviews but no offers). At the end of the day, 70% of MBAs change jobs within 2 years of graduation, so why not compromise a bit here and there in exchange for peace of mind? Note that compromising does not mean trading down from your pre-MBA job, it just means accepting something else than your ideal job. Not everyone needs to compromise, but some will have to.

- Brand can help. One of the offers I got was from a company that is relatively unknown to the general public (despite its being a leader in its particular niche) and almost completely unknown to the MBA crowd (aside from a job posting in the job bank), yet they were looking to fill a particular summer position from a couple of ultra elite / elite schools in the region but would not consider candidates from other schools in the area (a NE and a couple of NEF)

- Classmates can help. There's lots of e-mails flowing around with positions that someone gets from their network that get offered around. If you let people know you are still looking for jobs late in the game (this requires putting your ego aside), they can consider you for specific projects they are taking part in (I know of a friend who got an offer this way within 10 days from when his original option blew up).

- Career services never gives up. Quite late in the game (after I filled some poll showing that I was still looking for a job), I started getting personalized e-mails with recent postings and additional access to coaches and so on.

- Professors can help. Several professors are involved with various companies (consulting gigs, board, angel investor, etc.) and if you have a specific interest in a particular company they know, they can help you get an interview.

- Being an international and finding work in the US adds some complexity to the process but is far from being a major hurdle (at least for the summer). If you are an international, you probably need some extra time to get your paperwork in order before your internship and you won't be considered for all positions, but you will be far from limited. Full time may be a different story (don't know yet, but I'll let you know next year!).

Hope it helps.

L.
GMAT Club Bot
Re: Rhyme's Guide To What To Expect From Recruiting [#permalink]
 1   2   3   4   

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne