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Register for the GMAT Club Virtual MBA Spotlight Fair – the world’s premier event for serious MBA candidates. This is your chance to hear directly from Admissions Directors at nearly every Top 30 MBA program..
08 Mar 2015, 16:01
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| FROM LBS Current Students Blog: Recruiting |
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Today is 5 of March, time flies by! It seems just yesterday when Career Services urged us to think about what professional career we wanted to pursue. Literally the first week you are questioned about your aspirations and targets and it never stops. This early wake-up call is a great way of forcing you to thinking about what you want to do in the summer and in the longer term. Spending enough time on this important topic is necessary and with all the fun in mind, best to start early enough! The Career Services team is on the one hand composed of Sector Managers with a sector focus inviting companies to campus and giving more insights these companies actively recruiting at LBS. On the other hand, there are the Career Coaches that offer all sorts of training across sectors. Career Services is a very effective machine in assisting you throughout this journey.  And they have a good incentive too, besides of course their enthusiasm for the job itself. The number of students graduating with a job in sight and even more, the pay increase students realize is an important driver of MBA rankings – bringing even more and brighter people to campus. This never-ending cycle can be seen in many topics, linking it to the brand strength of LBS. This could actually be an interesting topic for my next blog. Workshops Workshops ranging from “Building your network” to competency skills interview training and from “What is your brand” to how to use LinkedIn are plentiful. There are even interactive workshops about how to physically approach people on networking event and you can use the leadership launch workshops I talked about before to know how to be convincing and powerful in meeting your potential future colleagues. Some of these workshops may seem silly and you might not really like it either, but it is effective for at least one thing. They make you think about your future choices. Forcing yourself to say out loud what you stand for, what you want to be known for and how you want to use your skills is a great help in this process. Overall, you regularly take an hour to put everything in your perspective and build your thought process, something that is harder to do by yourself at night when London is calling  . So even if you are not fully convinced about ‘brands’ and the need for your ‘professional pitch’, at least these workshops force you to take that valuable time early enough. Peer Leaders Career Coaches help you with interview training, discussing personal questions and the above mentioned workshops. To make more valuable support available, Career Services ‘employs’ Peer Leaders. If you go to business school, you will certainly notice that nearly everybody wants to change jobs. Put bolder, 80% of MBA’s could just switch into the previous job of a peer – albeit on a different level. Consultants want to join a corporate in marketing, marketers want to join a consulting firm. So who is better placed than your peers to support you preparing you for your new career path? Peer Leaders are fellow students at LBS offering coaching sessions in their area of expertise. I am a Peer Leader myself. I share my insights with fellow students on working at a consulting firm and preparing for the interview process, help them with case and fit interview preparation. It is rewarding as you help your peers towards getting their dream job, you network with different people and you learn how to coach, mentor and give feedback. The gratitude is inspiring and it is a way of giving back to the school. Company presentations & recruiting on campus As of January (for banking and consulting it starts even as soon as September) companies come to campus for their presentations and start the recruitment process. Looking for an internship is as relaxed or stressful as you approach it. The key is to have a clear goal and prepare accordingly. I must say your get the right support, the right opportunities and the right preparation to just nail it! It is amazing to see from the first row how the battle for talent and human capital is raging. Many companies are investing a lot of time into this recruitment process. Company presentations, coffee chats, case competitions, workshops, invitations to visit the offices and recruiting days on campus (yes, students don’t even have to move themselves). People even get flown to other sides of the world to see if they are a good match for the opportunity. Recruiting is very costly and mistakes are even costlier. The cost for a firm to recruit the wrong people is enormous; training, mentoring, severance and opportunity cost, etc. That is why interviews are performed carefully and genuinely test on capabilities but also on personality. It feels fair as well, if you get rejected because you don’t fit into the culture it is probably for the best. Alternative way of approaching To tell the truth, the previous comments differ based on what you are actually looking for. There is structured recruiting and non-structured recruiting. Structured recruiting is performed by consultants, banks and corporates with leadership programmes. The opportunities are indeed presented on a plate and the companies actively target to recruit MBA students. This means competition is high, but generally the internships are well-paid and well-structured in terms of process, projects and execution. This is a good way to gain high-level visibility in the firm and start building your network as a high-potential. Non-structured internships are abundant as well. The big difference is that you get these more through personal networks and pro-active searching. This means less competition but less structured recruiting and internships as well. Firms that don’t actively recruit in big numbers and that are less main-stream would end up in this category. You are the main driver for getting recruiting and defining what you want to get out of it. All of this to say that people are very much into recruiting for the moment. Most consulting and banking offers have been accepted by now, while many corporates haven’t even started their recruitment. Indeed, time flies by and next week is already the second to last one of the second term! This means holidays are coming closer, which for me will be a two-week trip to Japan, waaaaah! またね |
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brobeedle
Joined: 01 Aug 2013
Last visit: 15 Feb 2022
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09 Mar 2015, 07:12
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the wait till the 27th is absolutely nerve wracking!
for all R1 admitted candidates, how does LBS inform you? email only? no phone call? just want to know what to expect on the day itself
fingers crossed!
for all R1 admitted candidates, how does LBS inform you? email only? no phone call? just want to know what to expect on the day itself
fingers crossed!
mbakk
Joined: 08 Nov 2013
Last visit: 30 Nov 2015
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Schools: LBS '17 (A) Stanford '17 (I)
GMAT 1: 740 Q50 V40
10 Mar 2015, 01:21
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brobeedle
Just an e-mail. Even the application status didn't change as far as I can remember. Also, the e-mail came quite late in the day - 7 or 8ish pm GMT. Good luck, everyone!
