Tuesday, January 3, 2012

Demystifying Recruiting Season

Happy new year, readers! The upcoming 4 months is when the majority of employers do their hiring for MBAs for the summer and because the 1st few weeks back at school are pretty light on the coursework front, it means it is time to prepare for job applications! Acting as a ticket to an awesome job was the main reason why I am in my MBA so I’ll give you guys a bit of a rundown of how things for work us as I know I was very curious about this upon starting my MBA.

The majority of recruiting is done through the Corporate Connections Centre (CCC). Something I only discovered once I started school which had me a bit concerned though was many of the full-time CCC staff are on mat leave. As a result there are a lot of newbies to the team and in some cases, newbies to recruitment on the campus side. (i.e. until now they worked for companies that came to campuses to recruit) The good news for prospective MBAs is by the time you start school, the mat leave people will be back in the office so you will be all set!

Besides the 1-on-1 advice, resume reviews, etc, the CCC has some REALLY cool other resources that I sorely wish I had in undergrad. Some of the fun and useful things we get access to:
-Free access to Vault guides for most industries you can think of
-Profiles of the “ideal candidate” by profession i.e. if you are interested in becoming a portfolio manager (or brand manager, consultant, etc), what skills do you need? How important are grades? How do they tend to hire?
-If you are going into consulting, TONS and TONS of guides of practice cases you will need to be good at in interviews (consulting interviews involve doing a case analysis and giving a recommendation on a solution to that case)
-Access to where grads and recent interns worked over the last few years (really helpful if you want to work at company x, see if someone worked there and then they can help you!)
-Interview question banks sorted by industry and company
-Industry reports (i.e. who major players are, outlook on the industry, etc)
-Guides on almost every company that has recruited at Rotman containing recent articles about the firm and industry, annual reports, company analysis (i.e. SWOT)

Something important to note: Finance and Consulting jobs tend to be all filled by the end of Jan so you finance and consulting people will be set within a month. However for a marketing guy like me, marketing job hiring happens right up until the end of April (and in some cases even early May!). This is a huge bummer for me but I guess it is just the nature of the industry. So all you fellow marketing enthusiasts, get ready to sweat it out for a few months. :-)

Something that I never understood in the past about recruiting was as follows (especially for marketing jobs…I think things are a bit different in other career paths): For marketing jobs you need to almost always apply through the online application tool. So I thought the process was:
-You submit your resume for a job
-If it passes the autoscreening tool, random HR person reads it
-If random HR person likes it, you get called in for an interview and go from there
As such, I figured what good does any networking do if your resume doesn’t even pass the initial screening?

However, I was mistaken! This is what actually happens:
-Company X recruits from Rotman and therefore has a dedicated employee focused on hiring from Rotman (person Y)
-You apply for a job at company X with “rotman” of course noted as your school
-Your application therefore goes directly to person Y since she deals with the Rotman applications
-Person Y remembers meeting you somewhere and (hopefully) liked you
-Person Y tells HR to set up an interview
BOOM! Networking advantage.

However this also means if a company doesn’t have a dedicated person for your school, you’ll probably end up in the 1st scenario and have to get creative to get the interviews ;-)

These are some of the big things I was wondering about in the MBA recruitment process so I hope I have helped a bit. Good luck to those on the job hunt!

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