What do you think of Barbara Corcoran's hiring ideology?

Barbara Corcoran, one of the judges of ABC's Shark Tank, believes that persistence and hard work trump an impressive resume. When she's hiring, she looks for people who have the right attitude instead of the right resume. She, herself, was not a great student growing up and had to work her way up from low-paying jobs. Now, she looks for people who embody the same determination and persistence.

What do you think of Corcoran's ideology? Is it a little bit too idealistic? Or does this offer legitimate hope for those who may not have as impressive a resume?

 

One could argue that getting the "right resume" does involve a lot of persistence, hard work and having a good attitude. The reason most people who go to top schools, top companies etc. and have the right resume is because they possess exactly those characteristics.

That being said, there is obviously a lot of merit in judging people qualitatively as opposed to just ticking boxes which a lot of people on WSO seem to like doing (eg. Target > BB > MBA business schools ">M7 MBA > MF PE)

 

Easiest way to signal the right attitude quickly is through a resume. Interviews, even if they last a whole day, don't lend enough insight into an person's level of persistence and determination.

Gimme the loot
 
Best Response

On the surface, I agree that it's important to look beyond brand names on a resume and see what people are really like. However, once I think more about her statement, I realize that to get to the personality evaluation stage (e.g., a phone or face-to-face interview), she'd need to filter candidates by their resume. And here, the kid who worked at Burger King for 2 summers and has a 2.8-3.0 GPA (low-paying job, not a great student like Barbara) probably has a resume like this:

resume Given the number of job applicants even a random posting gets, there's no time to interview everyone because there's a small chance that they have the potential to be great even if their resume is like the one above. Even if our aforementioned Burger King worker is the hardest-working guy on the planet, he probably won't even get to meet Barbara for an interview from his resume alone, unless he networks with her before the interview stage. In that case, I think that her ideology favors kids who can hustle and get in front of her with their personality first, through a good networking call or email (honestly, how many people would actually email her for such a thing and NOT chicken out before hitting "send"?). From there, the resume becomes a secondary consideration if the person is impressive to her in other ways.

Of course, if we're assuming that she's looking at candidates purely from resume drops, then, like another poster said, it's very easy to fake being a hard-worker (or whatever trait you want to portray) once you get an interview. Plus, the kids who would get interviews in this scenario probably had solid resumes to begin with.

 

Temporibus nemo eum ad ad. Suscipit nemo corporis ducimus dolorem id laboriosam. Ut vel quo fugit beatae maxime. Aspernatur maiores aut accusantium ut iusto maiores aliquam.

Sint dolore ut enim aliquam et. Occaecati mollitia omnis inventore et laudantium laborum. Corrupti ullam qui laborum voluptatibus amet unde.

**How is my grammar? Drop me a note with any errors you see!**

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”