Why have this "on hold"? Is the probability of a subsequent rejection smaller than 1?
ECB Graduate Programme
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LOL, the number of broken hearts and hurt feelings is so high. “I have a perfect profile, why am I on hold?” hahah probably because it’s not perfect and because there are always ppl better than you. Just remember: wether they reach out to you or not - you’ll be second choice... forever.
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If you guys are wondering why you did not made into the next phase, it's simple: 1506 applications were sent this year, nearly double the amount of applications in the past years. I too was not selected, and last year I made into into the final interview. It's disappointing, sure, and it doesn't help that this is a very opaque process, but there's simply an excess supply of graduates that has been exacerbated by the pandemic. At this point you can consider yourself lucky if you were in the top 25%.
Also please keep in mind that the ECB is not necessarily looking for economists in the graduate programme. You'll be surprised how many people without a phd get hired at the gp every year.
And quotas ARE a thing (and it's not just gender quotas...) everybody who says otherwise has either not looked at the profiles of previous gp participants or are lying to themselves.
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If you guys are wondering why you did not made into the next phase, it's simple: 1506 applications were sent this year, nearly double the amount of applications in the past years. I too was not selected, and last year I made into into the final interview. It's disappointing, sure, and it doesn't help that this is a very opaque process, but there's simply an excess supply of graduates that has been exacerbated by the pandemic. At this point you can consider yourself lucky if you were in the top 25%.
Also please keep in mind that the ECB is not necessarily looking for economists in the graduate programme. You'll be surprised how many people without a phd get hired at the gp every year.
And quotas ARE a thing (and it's not just gender quotas...) everybody who says otherwise has either not looked at the profiles of previous gp participants or are lying to themselves.I guess based on past entries on this topic, I assumed phds are in a better position. But honestly if someone is a phd and is good then he/she (see I am being careful now :) ) would apply for the economist position at ECB. and for Grad Fellowship people with specific skill set would be advantageous (CFA, legal expertise, past experience in finance or other central banks...) and on top of that if you add other quotas+ covid influx of people then it makes sense.
Otherwise without the quotas nobody can argue that Europe produces 100 high level phds in macro every year that are not hired as economists by federal reserves,imf,ecb +academia so all go to ECB Grad fellowship that does not offer a permanent contract guarantee.and asking if there are quotas is not sexism.
For the other entry,the stats are a bit confusing though
1506 applies. 6 are rejected at they dont meet the criteria. then cv screening, no tests. And after that 100 will be interviewed, 250 are on hold wait list, 600 are rejected. But that does not add up to 1500. I think the process is still ongoing and they just managed to review the first 950 and rest 600 still have a chancei think anyone on hold could assume as being rejected 99%.
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https://talent.ecb.europa.eu/careers/JobDetail/Graduate-Programme-2021/3053
Did they remove the online tests? It says:
Application and selection process
The recruitment process for this position will include a pre-recorded video interview at the pre-selection stage and – if you are invited to participate further in the selection procedure – a written exercise and a panel interview.
The overall process is expected to run between March and July 2021. -
Am confused by all this. I applied for the graduate program back in November. Got through first stage, and that was it. But total applicants were about 150. I received this on 15 January
“...
Candidates still in the running: 14
Candidates on hold: 51
Candidates rejected: 99
...”Are talking about the same thing? (Job ID 2836)
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Am confused by all this. I applied for the graduate program back in November. Got through first stage, and that was it. But total applicants were about 150. I received this on 15 January
“...
Candidates still in the running: 14
Candidates on hold: 51
Candidates rejected: 99
...”
Are talking about the same thing? (Job ID 2836)no no
our batch is the second one (job ID 3053)
maybe they are combining applications from fall and spring into same basket -
Economist positions are almost always ESCB/IO. As far as i know as a fresh phd your only option is the grad program, regardless if you are from LSE or the University of Stalingrad.
you are wrong. although it would be fun to see vasily zaitsev as governor instead of lagarde, the real economist position for ecb that is equivalent to the fed and imf econ positions is this
JOE ID Number: 2020-02_111465639
so the economist position is lse, grad fellowship is stalingrad in your analogy
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https://talent.ecb.europa.eu/careers/JobDetail/Graduate-Programme-2021/3053
Did they remove the online tests? It says:
Application and selection process
The recruitment process for this position will include a pre-recorded video interview at the pre-selection stage and – if you are invited to participate further in the selection procedure – a written exercise and a panel interview.
The overall process is expected to run between March and July 2021.i think those tests will be conducted for the remaining 100. but while selecting 100 out of 1506 no tests, no references, only cv screening
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Economist positions are almost always ESCB/IO. As far as i know as a fresh phd your only option is the grad program, regardless if you are from LSE or the University of Stalingrad.
you are wrong. although it would be fun to see vasily zaitsev as governor instead of lagarde, the real economist position for ecb that is equivalent to the fed and imf econ positions is this
JOE ID Number: 2020-02_111465639
so the economist position is lse, grad fellowship is stalingrad in your analogyNew internal ECB policy is to give priority to insider for promotions and to favour national central bank staff in external recruitment.
This is indeed quite difficult to enter the ECB, not because the criteria are high but rather because they have few people retiring and a lot of insiders to move around...
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Economist positions are almost always ESCB/IO. As far as i know as a fresh phd your only option is the grad program, regardless if you are from LSE or the University of Stalingrad.
you are wrong. although it would be fun to see vasily zaitsev as governor instead of lagarde, the real economist position for ecb that is equivalent to the fed and imf econ positions is this
JOE ID Number: 2020-02_111465639
so the economist position is lse, grad fellowship is stalingrad in your analogyNew internal ECB policy is to give priority to insider for promotions and to favour national central bank staff in external recruitment.
This is indeed quite difficult to enter the ECB, not because the criteria are high but rather because they have few people retiring and a lot of insiders to move around...Is there really a policy of favoring national central bank staff over say someone in the private sector, government, US Fed, university?