How Elite Firms Hire

Very interesting research experiment conducted on investment banks, law firms and management consulting firms on the hiring behaviors of evaluators.

This link offers highlights of the actual research:

http://econlog.econlib.org/archives/2011/11/how_e…

Main Highlights:

  1. Most applications practically go straight in the trash
  2. Evaluators have a lot of slack
  3. Super-elite credentials matter much more than your academic record
  4. Super-elite schools matter because they're strong signals, not because they're better at building human capital
  5. At least in this elite sample, I'm totally wrong to think that extracurriculars don't matter
  6. Grades do matter somewhat, but mostly as a cut-off. They're a signal of work ethic more than IQ
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