Looks like Goldman Sachs is implementing a new recruiting system. Instead of coming to schools to do on-campus interviews, Goldman will be doing the interviews online. Goldman says this is a way to minimize bias in the hiring process.
I personally don't like this move. Goldman may say it's about reducing bias, but I see the main reason as cost cutting. Even coming from a non-target, I feel like this takes away some school pride. I think that there is some good with on-campus interviews. Being relatively early in the recruiting process, you can weed out the socially awkward kids. Not only that, but interviews online suck. Picture having to answer: "tell me about yourself", "walk me through your resume", a technical question, or a brainteaser without the back and forth or feedback you get in-person.
What are your thoughts on the online interviewing? Also, what are your thoughts on Goldman's snapchat campaign?
Goldman Sachs Scraps on Campus Interviews for Robo Recruiting
This is a great and sensible idea.
OCR sucks for interviewers. Putting work on pause for a day or more to head out to a campus (often in some god-foresaken place) to meet kids with sweaty handshakes and no idea is a pain.
First round interviews are mainly about sorting out the chaff. Video conference is not as good as in person for this, but still a reasonable method.
Not so good for candidates. But that's how the forces of supply and demand work. There is an oversupply of kids wanting to get in, particularly for shops like GS.
This is old news. We've known this since the summer.
Coming from a semi-target for them, this is basically just a formality. The people with connections are still the ones getting GS jobs.
Yeah people on here seem to think that GS interviews everyone that applies with hirevue. Not true at all.
What do you mean by this? Jw.
Might be an advantage for the males that have boy/female names.
Sounds like someone's butthurt over their ivy league entitlement
Note, this isn't taking hold yet for lateral and graduate level recruiting. Just undergrad.
I think they do this for FT though right?
For analyst classes, yes. Not for Associate classes or for lateral hires.
The new GS system is kind of weird. Any "recruiting bias" has not been removed, as I know several people at my ivy who are still getting interviews thru their connections there. Think the actual point of HireVue is to save banker time, since previously they would have to spend a whole day interviewing for first rounds - whereas now HR does those screens.
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