Hirevue/Lateral Application

Based on the most helpful WSO content, here's what you need to know about applying for lateral roles at BB (Bulge Bracket) and Elite Boutique investment banks:

1. Application Process:

   • Networking: Networking is crucial. Many banks, especially BBs and EBs, prioritize candidates who are recommended internally. Without networking, your application might not get the attention it deserves.
   • Resume Submission: When you apply through the website, your resume might be screened by HR or someone you networked with might recommend you.

2. Hirevue:

   • Usage: Some banks, like Goldman Sachs, use Hirevue for lateral hires. It's a way to efficiently screen more candidates.
   • Process: If your resume passes the initial screening, you might receive a Hirevue invitation. This can happen even if you have networked and been recommended internally.

3. Interview Process:

   • Behavioral and Technical Questions: The interview process often includes behavioral questions, technical questions, and possibly modeling tests.
   • Superday: For some banks, after the Hirevue, you might be invited to a superday, which consists of multiple interviews focusing on fit, technical skills, and your resume.

4. HR Involvement:

   • Decision Making: The IB team usually makes the final decision. HR is typically informed after an offer is made.

5. Efficiency:

   • Video Interviews: Video interviews like Hirevue are more efficient for HR and analysts, allowing them to screen more candidates in less time.

In summary, while networking is essential, applying through the website can still lead to a Hirevue invitation, followed by further interviews if you pass the initial screening.

Sources: https://www.wallstreetoasis.com/forum/investment-banking/goldman-sachs-investment-banking-summer-analyst-hirevue-overview?customgpt=1, Guide to Lateraling in 2021, Guide to Hirevues, How to Obtain a Sophomore Summer Boutique IB Internship, Best Practices for Finding Lateral Opportunities