Goldman Sachs Is Changing Their Hiring Process

Students who just graduated college are itching to get their foot through the door of big companies with their shiny new diplomas.

They need to be aware of Goldman Sach’s new way of hiring though.

Goldman Sachs will be kicking off its 2017 recruiting season in July, but will no longer be conducting in person first round interviews.

Applicants will now have to interview via HireVue and make a prerecorded video.

“We invest a lot of time and effort in recruiting, and so therefore if we know that taking the time to get the right people will create more cultural synergies and connectivity to the firm, that’s what we want,” commented Edith Cooper, the company’s global head of human-capital management.

She also said, “We recognize that there are going to be people who decide that this industry isn’t for them and they’re going to move on, and tha’ts always actually been the case, but we have to focus on creating an experience once people get here such that they see what the forward opportunities are for learning, making an impact — and that, we believe, is really going to create the retention that is important.”

The bank will also be piloting a personality questionnaire.

Disclaimer: We have no position in Goldman Sachs Group Inc. (NYSE: GS) and have not been compensated for this article.