ENTRéE JUST FOR STARTERS 高盛要招什么样的人?
Roby
In
1921, Goldman Sachs partner Waddill Catchings called Paul Sachs, then
director of Harvard's Fogg Art Museum, to ask about the US
university's business school. Mr Sachs said he should come and see for
himself, and teach a class.
The visit resulted in the start of what was then a unique policy (at
Goldman Sachs) of hiring four of the top business school graduates per
year, as well as an internship program hosted by the firm.
More than 80 years and thousands of MBA hires later, the landscape has
changed. With sophisticated undergraduate business school graduates,
tenured analysts, and seasoned experienced hires competing for jobs,
the question can be asked: "Is the MBA still as desirable a credential
on Wall Street?"
At Goldman Sachs, the answer is well reflected in our recruitment
numbers. Last year we hired about 165 business school graduates to
join our first-year associate programmes in the US, Europe and Asia.
We recognise that MBAs, as key members of our client coverage teams,
bring many technical, analytical and other professional skills with
them from their graduate programmes. As such, they are quickly
integrated into both the transactions of our businesses and our team-
oriented culture.
We believe that MBA graduates have a broad perspective and a focused
determination about what they want to do with their degree. Their
unique workplace experiences, acquired during their pre-business
school lives, can also be more valuable than they might realise.
At Goldman Sachs they are often asked to bring these experiences to
bear by managing people and projects as soon as they join the
organisation, and in working with business leaders who may be many
years their senior. In addition, they may be able to leverage prior
industry experience in sectors such as healthcare, retail or
entertainment.
Equally important, however, are less measurable skills, attributes and
qualities that MBAs develop in their two years at business school. At
Goldman Sachs, their networking, relationship building and
communication skills are of utmost importance. MBAs learn the
importance of making decisions, thinking strategically and
negotiating. Their maturity and sophistication attracts us to them.
In a business such as private wealth management, for example, which
along with investment banking hires the majority of MBAs at Goldman
Sachs, business school training has several advantages for junior
professionals. They receive not only the rigorous analytical training
necessary for managing financial assets, but also access to a robust
business-school network of future executives, which will be helpful
for attracting new high net worth clients to the firm.
One characteristic that MBAs are not guaranteed to possess, however,
is real-life financial market experience. In fact, some recent MBA
graduates might find their practical financial expertise rivalled by
undergraduate hires who have been working in the industry for a few
years, especially if the MBA graduate has chosen to switch careers.
Many investment banks hire analysts from higher education institutions
with strong undergraduate finance and business programs, such as New
York University, University of Pennsylvania and London School of
Economics. Coupled with on-the-job training and an in-house training
programme such as our own Goldman Sachs University, analysts acquire
the professional and financial skills critical to any business line.
The result is a recent recruiting trend among banks, including Goldman
Sachs, to promote many analyst hires directly into the associate ranks
while reconsidering the number of MBAs needed to fill the roles. This
is especially true in areas such as sales and trading.
Today's MBAs are competing with analysts who are already building
credibility and, in some cases, profit lines in their organisations,
and with holders of other degrees such as Masters of Finance. They
also represent a more expensive hire than college graduates and can be
stigmatised by a reputation for arrogance sometimes associated with a
new MBA.
MBAs will serve themselves well by highlighting their coursework in
areas such as ethics and leadership, and the increasingly
international nature of the top business school programmes. MBAs also
have an edge over other graduates in understanding the global economy
and interacting with those from different cultures.
Despite the huge increase in the quality and quantity of undergraduate
hires and stronger in-house training programs, we continue to believe
that MBA recruiting is a vital part of our overall recruiting
strategy. We have already begun to witness the change in course
programming, and its impact, and feel strongly that business schools
will continue to graduate some of the smartest minds in the financial
services industry and beyond.
MBA job seekers should feel confident that their degree - and their
time, commitment and effort - gives them a much more sophisticated
outlook on the world and a breadth and depth of experience that
employers recognise as invaluable. The MBA also continues to offer the
world's best "fresh start" for young professionals interested in
switching careers.
If I can offer any advice to MBA students, I would say to remember
that at a company with a strong meritocratic culture, such as Goldman
Sachs, the importance of your contribution outweighs any degree you
might earn.
While we care about your MBA degree, we care more about how you
integrate yourself into the organisation, what responsibilities you
take on, and what value you add. Business school will give you entrée
to a company, but what you do when you get there matters more.
Aaron Marcus is global head of recruiting for Goldman, Sachs
Nathan Zhang
Roby
On 3月18日, 下午4时26分, "Nathan Zhang" <nathancheung1...@gmail.com> wrote:
> 好波，值得看看,下次把文章连接也贴上吧
>
> --
> Best reagards
> Nathan Cheung 张楠- 隐藏被引用文字 -
>
> - 显示引用的文字 -