We’re joined today by Shari Hubert, Associate Dean of Admissions at Georgetown’s McDonough School of Business, and by Doreen Amorosa, Associate Dean and Managing Director of Career Management at McDonough. They’re here to discuss what’s changing in the job search landscape, as well as what’s new at Georgetown. Welcome!
How have career services changed due to students’ interest in startups and smaller companies – and to changes such as increased off-campus recruiting? [2:20]
Dean Amorosa: Entrepreneurship continues to gain steam. It’s a focus area here, and McDonough is ranked high for entrepreneurship. We’ve shifted the way we think of access to employers in a significant way: more employers are focusing on off-campus recruiting.
Goldman Sachs is now recruiting undergrads entirely off-campus— is this the beginning of a trend in financial services? [3:50]
This gives them broader access to the talent base at the undergraduate level. We see it continuing into the MBA arena in the future.
How has this changed what students need to do when looking for internships? [5:10]
From the time students arrive on campus, we work with them on analyzing their skills and focusing the direction of their internship search. Once they have career coordinates (industry-function-geography), we help them think through access channels from the employer perspective to get them to the internship opportunities. They have to be focused.
For example, a student wants to work in brand marketing. She needs to think through target companies. Where will you encounter companies and how? (Ie, career fairs, virtual opportunities – alumni outreach – etc.)
The traditional concept of the internship is a 3 – month interview. Is that still the case, or are students shopping around more, or trying non-traditional internships? [8:00]
A lot of students take the traditional path. But other students are taking internships with smaller companies – we see that trend continuing.
Dean Hubert: Georgetown’s entrepreneurship initiative provides some small stipends for students to take internships at smaller/more entrepreneurial companies.
Dean Amorosa: There’s also a summer incubator program. And a fellowship where students work with venture capitalists. There are some unique opportunities.
How has increased off-campus recruiting changed the way students find full-time positions? [10:45]
As it changes at the internship level, it also changes at the full-time level. Some changes have to do with shrinking travel budgets (i.e., virtual interviewing is becoming more popular).
We’re also seeing more companies using predictive hiring tools to manage the candidate pool early in the application process – i.e., they’re incorporating assessments into the screening process to narrow the pool. (Amazon now requires essays and tests at the first application stage.) It’s not just about behavioral interviews anymore.
An important part of gaining the right position is your networking approach. [14:05]
We launched a platform which enables students and alumni to conduct informational interviews virtually. Students can also do interviews with each other. If you sign up, you commit to helping someone else: this is part of Georgetown’s values.
Has the changing job search changed the application process? [16:55]
Dean Hubert: If you’re proposing to change careers/job functions, you need to be prepared,