For investment banking summer analysts at bulge brackets like Goldman Sachs and Morgan Stanley, who decides who is interviewed, and then hired?
For investment banking summer analysts at bulge brackets like Goldman Sachs and Morgan Stanley, who decides who is interviewed, and then hired?
I would imagine first it's applicant tracking systems that filters out top applicants, recruiters (so HR) determines who is interviewed, and then the investment banking team that decides who is hired.
Interviewed with both, so afaik hirevue is sent to everyone at GS. This is screened by Hr, if you performed well you‘ll enter the 3 round process via zoom. MS has an online Assessment, again, if you score above average in enough sections, telephone interviews are proposed to you. Pretty transparent process imo. JPM does the same as Goldman, however, for whatever reason, I never passed their HV lol so no insights on that end. I think HVs are better than MS online assessment. Also, I think GS really emphasises the personal fit aspect. From what I’ve heard, even if you feel like you performed poor at their HV, you might still get an interview if your CV is pretty decent. All processes take super long imo (like, months). This seems valide since applicant pool is tremendous. How final decisions are made would interest me, too. Since you talk to so many people during your process, who has the final word? If one of your interviewer is not arguing in your favor, does that mean you are out of the process?
Hirevue at GS is an actual first round whereas MS sends it to everyone
Most of the people who get offers do not just find their way in through a resume screen. It's mostly networking so you have people referring and pushing for you.
Getting a first round is the hardest - again, mostly networking. Sometimes HR does a screen, would consider this round 0 - this is mostly a check the box, if you are prepared at all not an issue. Very few people who randomly threw a resume in. After that you are right, it's all down to the IB team.
Quick question to this: does GS has a referral system in place (like an official one)? Ik that when you fill out the application online, at both MS and JPM you are required to give the employee’s name who referred you. However, I did not experience this at GS. Any insights on that end?
It's more informal. Putting someone's name on the apps doesn't really go very far - vs someone working in the group knows who deals with recruiting, who keeps a tracker of people folks had impressive calls with/want to keep an eye on for a first round, and who in HR to send to.
hi, do you have any tips for highly impressive networking chats? but thanks for this.
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