Introduction

You prepped, you interviewed, and then… silence. It's a frustratingly common experience in finance recruitment, and a frequent search query: "Why am I not hearing back after interviews?"

In finance, especially in M&A, PE, and VC, hiring cycles can be erratic. Here are some common (and often unstated) reasons for the lack of feedback:

• Internal changes: Headcount freezes, restructuring, or team priorities shifting.
• You were second choice: Another candidate edged ahead, but they won’t always say that directly.
• Referral preference: Many firms prioritise internal referrals or known networks.
• Process delays: Decision-makers travel, deals close, priorities shift. Candidates are often left in limbo.

What can you do?

• Follow up professionally: Every 7-10 days is reasonable.
• Request constructive feedback: If you do hear a no, use it to refine your pitch.
• Keep your pipeline full: One interview should never be your only shot.

Summary
Lack of feedback isn’t always personal. But at Circle Square, we believe in transparency. We follow up relentlessly, advocate for you with hiring teams, and provide honest feedback to help you improve. When you partner with us, you're never left wondering where you stand. We're here to make sure the silence gets broken – with results.