The most annoying "hidden rules" for job hunting among financial people, it ranks first!

As August enters, autumn recruitment reaches its peak. Investment banks, the Big Four and other big names have also joined this wave of autumn recruitment. For job seekers, the most difficult thing is not the online application or OT (Online Test), but the problem that almost everyone faces: Why has there been no response after submitting the resume multiple times? Why can’t I invest in Goldman Sachs again after I return to my country? Why did it end early when DDL (Deadline) was clearly not here?

In fact, this may be because most positions are filled while supplies last; another possibility is that your resume has been "frozen"! During the "freezing period", no matter how you submit your resume, it will be lost and no news will be heard from you.

"Freezing period", the most annoying "hidden rule"

Be careful when submitting your resume to avoid encountering the "freezing period"

To put it simply, it is to apply for a job When applying for a position in a company, if unfortunately you fail the interview, you generally need to wait 6 months to 1 year before you can apply for the position again.

This waiting time is what we call the "freezing period", also called the "little dark room". In the company's "official language", it is: Minimum time you have to wait beforere-applying for the same position.

So, during the "freezing period", no matter how "diligent" you are and submit hundreds of resumes, no one will see it. "People ignore you and don't care about you." No wonder the "freezing period" has become the most annoying "hidden rule" among job seekers.

The reason for the "freezing period"

In one sentence, it is: to make recruiting people easier.

Think about it, for companies, there are at least hundreds of thousands of applicants every year, and it takes an average of 3 seconds to read a resume, which is not enough. If you encounter "unqualified" job seekers and apply again, wouldn't the workload be even greater?

As a result, the "freezing period" for online applications came into being: limiting the number of applications, and you can only apply for a certain number of positions within a certain period of time.

The "freezing period" of most companies is: a limited number of submissions within a recruitment season (that is, the beginning of autumn recruitment and the end of spring recruitment). Among them, the "Wall Street tycoon" Goldman Sachs can be regarded as the "industry benchmark" and "industry conscience."

For Goldman Sachs, you can only apply once? !

Goldman Sachs’ recruitment has always been known for its strictness.

Last year, the strategy of "you can only apply once for each position globally" was launched. This also explains why some people "invested in Goldman Sachs in the United States, but they can't invest again when they return home?" Because, you On Goldman Sachs’ “global blacklist.”

This year, Goldman Sachs has changed its application rules!

Information on the Goldman Sachs official website shows that job seekers worldwide are recommended to submit only one application, but can choose 3 region/position preferences.

Image source: GoldmanSachs official website

But please be careful when choosing a position and a job location. Because once your information is filled in incorrectly, I want to withdraw and reapply, sorry! No way! At this time, you have entered the "freezing period". This recruitment season, you have no chance! If you want to apply again, you have to wait for the next recruitment season.

Picture source: GoldmanSachs official website

In fact, Goldman Sachs is not "alone", its financial peers are also full of tricks in their "freezing period".

The "freezing period" of investment banks, the Big Four, and banks

J.P. Morgan's "freezing period" rules are exactly the same as Goldman Sachs: globally, the maximum number of applications per year is 3 positions.

Picture source: J.P. Morgan official website

And another “Wall Street tycoon” Morgan Stanley is also similar to the first two: globally, every applicant can Apply to up to 3 different programs each recruiting season.

Image source: Morgan Stanley official website

Different from the "global chess game" of Goldman Sachs and Morgan Stanley, the "freezing period" of investment banks such as Bank of America, Citigroup, and UBS is much more complicated. Many, the regulations are different in each region.

1. Bank of America

North America: a maximum of 3 applications per recruitment season

UK: a maximum of 1 application per recruitment season

Hong Kong and other regions: a maximum of 2 applications per recruitment season

2. Citigroup

North America: It is recommended to limit the number to less than 3

UK region: apply for up to 1 application

Hong Kong and other regions: apply for up to 3 applications

3. UBS

North America: apply for up to 3 applications per year

The United Kingdom: a maximum of 1 application per year

Hong Kong and other regions: a maximum of 1 application per year

One advantage of such a regional setting is: If your application in the UK fails, you can continue to apply in North America, and your resume will not be marked by HR. For "global strategies" such as Goldman Sachs and Morgan Stanley, no matter where you applied, you cannot apply again in another place because HR can find you.

Compared with the investment banks, the "freezing period" of the Big Four is not far behind:

PricewaterhouseCoopers

Canada: 90 days before re-opening Apply

UK: You can apply again after 6 months

Australia: You can only apply for 1 position in one recruitment season

Deloit

UK: apply again after 12 months

Australia: apply for up to 3 positions

Hong Kong: apply for up to 1 internship position and 1 full-time position per year

The most surprising thing is the bank. It is too "strict". The "freezing period" of HSBC and Standard Chartered Bank: globally, you can only apply for one position at most in a recruitment season. It’s really “one careless move and everything is lost”!

What should you do if you are "frozen"?

If you are unfortunate enough to be thrown into the "cold palace", please recharge your batteries and hone your skills like every palace drama. Mind, let’s fight another day.

When you first receive the notice of being "frozen", if possible, please communicate with HR as soon as possible to confirm the length of the freezing period, when you can submit again, whether it will affect the delivery of other positions, and yourself What is not good enough, how to improve, what kind of talents the company needs... Please pay attention to your wording!

For students who unfortunately encounter the freezing period, we have the following suggestions:

1. Adjust your mentality and do not be overly pessimistic or blindly optimistic;

2. Based on the problem feedback, improve yourself in a targeted manner, whether it is hard or soft strength;

3. Combine your job hunting intentions and try other opportunities, there is no need to hang yourself from a tree.

The content of this article comes from: Gordon Financial Analyst. If you need to quote or reprint, please contact the original author for authorization.