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Goldman Sachs Sacks On-Site Ivy League Interviews

Goldman Sachs is ending its tradition of visiting Ivy League schools to conduct in-person interviews with undergraduates. So reports The Financial Times.

Instead, students will be asked to send in pre-recorded interviews for the jobs they are vying for at the investment bank. The change is part of a wider overhaul of Goldman’s recruitment process to expand the universe of job candidates.

“The number one priority is how do we find more terrific people that are potential candidates for the firm,” said Edith Cooper, global head of human capital management at the bank. “Leveraging technology will help you get to more places.”

More than 50% of undergraduates hired by Goldman have come from less than 50 schools. But the pre-recorded interviews will allow students from any school to compete and those who make the cut will be asked back for a second-round of in-person interviews.

The bank also is trying out a so-called personality questionnaire that would “evaluate several different personality characteristics and experiences” it believes are “predictive to long-term success,” said Russell Horowitz, co-chief operating officer of the securities division.

Read the full article from The Financial Times.

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