shadowsjc wrote:
GB what do you mean bidding system vs closed?
From my understanding:
There are typically two list. Open list (bid for interviews) vs Closed list (Company pick who to interview). Usually companies look through the apps, the people they found as good match at networking events, connections yada yada, and invite people they want to invite to interview (the closed list invites). If you were unable to get on the closed list, then you have a chance to bid on the invites, everyone is allotted the same number of points and you bid depending on how important a certain company is for you (Open list). Usually bidding is good for people who don't have the strong resume for the company, likely career switchers like myself, but would do well at interviews or case studies.
Certain schools and companies have moved away from the open list. At Kellogg, McKinsey has moved off-campus (another way of saying closed-list invites only - 0% open list) and the school has reduced the open list interview requirement for on-campus interviews to 30% of all available interviews (it was 50% last year).