Goldman Sachs to drop on-campus interviews

Laura Noonan

Goldman Sachs is abandoning the time-honoured practice of on-campus interviews for undergraduates at elite schools and will now ask students to use pre-recorded interviews to pitch for a job at the bank.

The Wall Street bank announced the new initiative on Thursday along with a range of other innovations it says will make its recruitment more consistent and rigorous.

“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.”

Goldman attracts more than 250,000 applications from students annually, including almost 225,000 from undergraduates. But more than half of the undergraduates it traditionally hires comes from a group of less than 50 “target” schools, including prestigious Ivy League colleges.