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Vault Message Board: Management and Strategy Consulting

Topic Name: No Interview
Message Name: you used the wrong approach
Date Posted: 11/28/2002
In Reply To: The economy is so terrible that even Harvard/Princeton/Yale Graduates are having difficulty finding jobs. I graduated from Yale. I was salutatorian of my high school class of almost 1000 students and scored 1500 on my SATs. I did better on my SAT IIs, relatively speaking. This is considered average at Yale. I applied to over 100 top tier finance and consulting firms. I interviewed at 30 firms but did not receive any offers. Even at H/P/Y, you have several hundred applicants competing for one or two positions. The chance of landing a job at a top tier firm is less than 1 % even at the top ivy leagues in the country. More disappointing is the fact that several hundred students applied for a position, interviewed, and found out that the firm decided they could not hire! There was an article in business week mentioning that about 25% of MBAs from top schools such as Harvard, Stanford, MIT, Wharton, Columbia and others are still unemployed many months after graduation.
Message: You did 30 interviews and didn't land an offer? Well, it's *not* the economy, it's something you're doing (or not doing), and I'd suggest looking inward before blaming the economy. You scattered yourself too thinly. It's a common mistake. You only need 1 interview to get a job. One of the things we look for in interviewees is how much they know about our firm... the people interviewing with 30 firms tend to do very poorly here because they spend their time interviewing, not researching the firms, talking to our people, etc. And if you don't do your due diligence on a potential employer, you discover things like "they aren't hiring." A friend of mine had week credentials, with a GPA below the minimum cut-off of many firms' interview lists. He focused on maybe 10 firms, and got offers from half of them--including several tier 1 and 2 consulting firms. The more interviews you do, the more confused you'll be, and the poorer you'll perform in those interviews.

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