Breakdown of interview screening
So, let's assume about 5% of people get the job they're applying for in S&T. We can take GS, who just released hirevues 10 days ago or so.
Let's imagine 20% of applicants got one. Okay.
Let's imagine 50% of hirevue interviewees got a superday (not yet released as far as I can tell). Leaving 10%.
Now let's imagine 50% of the superday interviewees get the SA position.
Is that reasonable? Seems like high odds at each round.
Interested in knowing more about the selection process as well.
Do candidates have to pass a CV screen first before you start watching the hirevues? If there are 5 questions at the hirevue, do you watch all of them or randomly pick one or two?
way too high imo, 10% get hirevues, 20% get superday, then 20-50% get the offer
So between 0.4% and 1% get it in the end? Seems too low. Right?
Edit: don't get me wrong, those numbers seem more realistic. I've just taken that arbitrary 5% and worked backwards. 5% are pretty shitty odds, but make the rest of the process actually seem a lot better.
What I think is closer to realistic is a 5-10% getting HVs, 30-50% getting superdays, then 60-80% getting the offer. Especially after what happened with IB.
that 60-80% is hard to see as someone who got dinged from a superday :(
hmm, interesting. I understand that typically it's 50%, but imagined they would rely more heavily on the HV, as well as resume + connects because of corona. Perhaps I'm wrong.
don't thousands of people do the online application? the numbers have to be way lower in terms of people getting hirevues and superdays.
I don’t know about hire view at all, but there have been articles on this, and the offers made is something around 1-3% of applications received (varies a bit firm to firm but would expect Goldman to be towards the bottom).
The super day offer rate for most firms is generally 1 in 4 (can be 1 in 3 or 1 in 5 also) —- so somewhere around 20-30% on average. Prior to hire view the number moving from first round to super day would be somewhat similar (20-30%).
You can do a rough back calculation on that, which would suggest that 15-25% of all applicants get a first round interview, 4-6% of applicants get a super day, and 1-2% convert to an offer.
Edit - MS had reported 8,000 applicants for investment banking roles (a few years back) for 100 spots. Assume a few didn’t accept offers, but gives a sense of an offer rate somewhere in that 1-2% range
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