What percentage of CVs are qualified for an IBD position and what percentage are spam? (EMEA)
Inspired by a reddit post that I was reading last night, I thought this would be a question to pose to people involved in the EMEA recruitment field given internship season is up and away.
What % of CVs that you read are qualified for an entry-level EMEA (internship) position and what % are spam?
Just for context, I was once asked to read CVs as HR was on maternity leave and I found out of 40 CVs, only 2 or 3 were reasonably qualified for a role where I was interning (lower-end ER / AM). Errors include but were not limited to:
- Lack of formatting
- Lack of reasonable extracurriculars
- 3 page CVs with photos in them
- Mixed experiences not aligned with IBD (would have been reasonable if they had done a course on accounting or modelling to make up the difference)
I'm in EMEA, hence the EMEA context. Would also be happy to hear of other areas (APAC / Americas) if there is available insight.
Would be interesting to hear thoughts.
Nobody knows, and to be fair nobody cares.
in our firm this would change each year and it varies in each geo.
Around 20-25% are top candidates, another 10% are qualified but not top bucket. This is a rough guide, of course. Out of the other 60-70% or so there are good candidatures as well, just not competitive enough.
again, this depends on each scenario, role, country/market, group, ... too many variables.
Just reinforcing that this tracks with my experience as well
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