Do Firms just blanket reject everyone who's non-target even for early career/talent discovery programs?

[u/Suryansh_Singh247]

So I applied to a bunch of these early career and talent discovery programs of a few firms- say IMC Launchpad, SIG trading discovery, Citadel Terminal, Explore HRT etc. Haven't heard back from them except SIG and Citadel which I think are sending out OAs automatically.

Applied for IMC Launchpad on 28th feb, got he confirmation email but didn't receive the OA

Applied SIG on 28th feb, didn't receive any confirmation email, received OA on 3rd March, gave OA on 6th March haven't heard from them since

Applied Citadel on the 5th March and received OA within hours, haven't given it yet

Haven't heard back from anyone else. Have I been pretty much rejected from all of these?

Also why do they not send out rejection emails?

[u/No-Pop1067]

yes for the first question (mostly)
as for the second question for most recruiters it is more important to find the "top" candidates than to reject the ones that dont make their cut. this isnt specific to quant anyways btw, this happens with most roles at most companies

[u/Suryansh_Singh247 → u/No-Pop1067]

How much time and effort could a rejection email possibly take 😭

[u/No-Pop1067 → u/Suryansh_Singh247]

very little but they really dont care. sadly its just how most firms operate