For Recruiters
I was about to be hired. But then this.

"My banking job has fallen through due to a hiring freeze"

I recently interviewed for a job at a major US investment bank in London and I progressed to the final stage. I was told to wait while they decided whether to make an offer.

Last week (several weeks after my final interview) I received a call from HR. The said they were reaching out to all the applicants who'd been through every stage of their process and were waiting for the final outcome.

They then informed me that hiring for all roles in their operations division are currently on hold. There’s a hiring freeze. This is not just in London but everywhere in the UK. 

I was told that this will last until the end of the year, at least. As soon as the new budget can be determined in the New Year, departments will be informed whether they can still hire the people they interviewed or whether the positions will be cancelled. They also assured me that the department heads need and want people and that they will inform me as soon as possible. 

So, I had a good chance of getting the job, but now this ☹.

It's a rather sad end of the year, considering that I successfully made it through the entire process ☹. The department wants and needs people; they are just not allowed to make offers.

Lucy Giles is a pseudonym

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

Photo: eFinancialCareers/Dall-e

author-card-avatar
AUTHORLucy Giles Insider Comment
Cancel

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Pearse Partners
Hedge Fund Equity L/S Analyst
Pearse Partners
London, United Kingdom
Access Capital Partners.
INFRASTRUCTURE INVESTMENT ANALYST
Access Capital Partners.
London, United Kingdom
Selby Jennings
Generalist M&A Investment Banking - Analyst 1-3
Selby Jennings
London, United Kingdom