I'm approaching 9 weeks. 2 early rejections including a "very near miss" plus 2 later rejections. All seem to be subjective. Not sure how much hope to have left!
(Also, hi - I am new-ish here!)
This is very dependent on agent and genre, but publishers typically buy between 1-3% of agented submissions that they receive. So, assuming you submit to 10+ publishers, you still have to be in the top 10% to get bought.
Wow, you totally are. Welcome to the Circle! This is where you find out that Hell Is When Nothing Happens.
Wow. I really wish I hadn't read this thread.
So the upshot is if you get a trade publishing deal, you no longer have to worry about distribution, packaging, printing, or marketing, but there are a lot of hoops to get through before someone finally says, "Yeah, don't worry, we'll take care of all that."
10% sounds horrible but it's a damn sight higher than your odds as someone unagented. Also, you can keep trying. This is why it's important to always have your eye on the next thing Overal your odds of getting published do improve significantly with an agent. It just may take awhile, and may take a few books. Rejections can still build links, editors can still express interest in you generally and your work more broadly, even if a particular novel isnt something they can buy.
At least, that's what I tell myself lol.