Hirevue for REPE Associate
One of the big recruiting firms sent out a blast for a REPE acquisitions associate role at a very large fund. It’s big enough that they’re hiring for a “class” on a two year program. I responded with my resume and I get a canned response saying they’d like me to do a hirevue and have it completed in the next 24-48 hours.
I feel like Hirevue’s are the biggest middle finger to candidates, especially those with years of full time work experience. They should take the time to comb through resumes and determine who they want to talk to before asking everyone to do a Hirevue.
For those who don’t know. Hirevue is a 30 minute interview where questions pop up on screen and you have to record your responses.
Have any of you had to deal with this when applying to funds? Am I being entitled by not wanting to put on a suit and tie for a firm that may not be interested at all?
I've never had to do this, but is it really that big of a deal? They probably get hundreds, if not thousands, of resumes. Getting some face time, even if it's in video form, is definitely better than letting HR use some awful program that screens your resume for keywords they're looking for or whatever.
You want the job, right? Then put on a suit and tie, make sure your camera lighting is solid (shine a lamp in your face as a trick), and do the Hirevue.
Also, unless they explicitly said not to contact people, none of this prevents you from trying to network with decision makers in the company directly. "Good morning. I have a Hirevue interview coming up and would love to talk to you about blah blah blah" sounds like a good intro to me.
So this is precisely the problem. Much like resumes, the majority of these videos will never be seen. No one is going to watch all 1,000 video interviews they get. They’re going to collect the video interviews, then send the resumes, and then the firm will watch the videos of the candidates they are interested in (based on the resumes).
It’s not exactly face time if no one watches the video. But it costs them nothing to collect the video, so they ask every candidate to send one in just so they have it on deck if the firm is interested in a particular candidate.
That’s the issue I have with it
I would agree with this.
If HR doesn’t even have the capacity to quickly screen a resume doc, how are they going to sit there watching thousands of videos?
Mind if I ask which firm?
Wouldn't being videoed as part of screening give an advantage to experienced candidates as you state you are? I would think you could outperform vs. a student/intern. At least that is the attitude to take.
In fairness, I have never done one of these, so I really am just making the assumption, but it seems like this is a better opp for someone with real exp.
See my response above. They still screen out candidates based on their resume, so if you’re not a fit, no one is going to watch your video.
So for example, the job says ideal candidate has 2-3 years of experience by the time the program starts. I will have 4 - does this alone disqualify me? I would know if they took the time to screen the resumes first. But instead they ask everyone to do Hirevues and worry about that later
You should look up how the Hirevue works, it's an AI system that is judging and scoring your answers, mannerisms, words, facial expressions, eye-movements, etc. It is far more than just a recording system that let's them watch your answers after they screen your resume. It is very much part of the screening process.
I'd suggest you google it to understand what it is doing before taking it.
Have no doubt that that’s a part of their marketing pitch, but it’s not why finance firms use it.
The real benefit is the hours it saves you from setting up interviews. See a resume you like? Normally it’d be time to exchange 3 emails about availability, set up a time to talk, and then take 30 minutes out of your day to do the call. Instead, the interview is already done and you can make a decision in 5-10 minutes if the person is good enough. You can screen 10 candidates in the time it would normally take you to screen one or two.
I promise you no one cares about the analytics on the platform.
It’s just like when REIS / RCA / Co-Star emails you to advertise some fancy new feature. No one cares - we use it to pull sales comps / construction comps / market occupancy / whatever the base features are and nothing else.
Sit et commodi totam. Debitis at alias laboriosam est officiis ex odio tempore. Eum rerum tenetur veritatis sint sunt cupiditate. Animi quos id sed non sit provident ipsa.
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