London recruitment-can't understand how it works.

What is the point of going to a target school if everyone, irrespective of their university, gets an online assessment invite? 

Are firms actually getting so many applications that they need to weed out candidates even before knowing which school they go to? I always thought that being from a top-target+good degree would make life easier, but it seems that there are 3 assessment rounds for all positions (including asynchronous video interviews) before a human even looks at your CV.

 
Funniest

The process is quite simple though: 

Apply > Get rejected 

 

Mate based on this post you're going to get rejected either way

If you can't do a few hours preparation for these tests that's on you

Globally, in many industries, basic psychometric/intelligence testing is used as a preliminary recruitment step to cut down the amount of CVs to review. This is a fairly simple and logical concept. Further, it is relatively easy to prepare for said tests the same way you would an interview. Sure, the tests may be flawed - but who cares? The hiring company still gets plenty of good candidates to interview. They don't care if a few good candidates (who couldn't pass an online IQ test...) were cut.

You ask "what is the point of going to a target school?" (if everyone gets the tests etc.). The point is that once you have passed the testing, your CV looks better because you went to Oxford/Cambridge/LSE! How do you not understand this? What do you expect? To skip half the recruitment process because they went to a 'target'? That's not how it works and not why people recommend going to a target uni.

Honestly, if your post and questions are actually honest they may struggle with recruitment.

 

thats the dumbest whining ive heard in a long time, rather have everyone being given the chance to kick ass in tests instead of daddy and legacy admissions doing the job for you + literally 80% of the banks use the exact same test with not even different numbers + those tests should not be difficult except for maybe the kornferry logical one so whats your point

 
Most Helpful

It's really not that hard to understand. HR wants to minimise human labour on (frankly) admin-y tasks like reviewing CVs. How can they do that while still maintaining a reasonably high confidence of attracting talented individuals? Tests where success has some reasonable correlation with the attributes they're looking for. Yes some people may get weeded out unfairly but who cares? Is one target student really that different from another? Is that weeded out target student really worth the extra effort and money of reviewing a ton more CVs? Would they even get selected from their CV anyway (good CV =/= good candidate)?

All recruitment hot zones have a game to play, the US's is networking, London's is different. The game is the game. Learn to play.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
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...”