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My colleague Jin Bacheller saw a trend in investment banking and technical accounting hiring:
👉Pass/fail rates on technical assessment are going down.
Financial modeling and advanced Excel skills. The types of skills you need to be proficient in to do the job. Stuff you can’t BS your way though in interviews.
He has several contacts seeing this. What used to be 1 in 3 pass rates are trending towards 1 in 5. The tests haven’t changed. People aren’t doing as well.
There’s some nuance here. These are skill sets that are associated with old school, work 80 hour days and grind type jobs. Which diminished greatly during the pandemic and remote work boom.
By no means am I saying working 80 hours a week is something anyone should do. But people in these industries are adults who make their own decisions. Those who grinded through that part of their career did it by their own free will.
Is lack of at-bats the reason why scores are failing? It’s our hypothesis, based on admittedly anecdotal evidence.
Then I came across this article in the Wall Street Journal: ‘‘How Do I Do That?’ The New Hires of 2023 Are Unprepared for Work.
The highlights (if you’re stuck behind the paywall):
I’m still a pro-remote homer. Self-motivated people get more done when they’re not at the Distraction Factory.
But we need to admit there’s a lot of people who aren’t learning as much, for one reason or another.
Partner at Hirewell. #3 Ranked Sarcastic Commenter on LinkedIn.
In this episode of The Balancing Act, host Sarah Sheridan interviews Kate Dohaney, the global CEO of Orb Group and mom to two. Kate shares her unique path from performing artist to executive leader, detailing her transition through the music industry, advertising, and major roles at The Wall Street Journal and NewsCorp. She emphasizes the importance of resilience, being data-driven, and the power of surrounding oneself with the right people. Kate also discusses the challenges and rewards of balancing a high-powered career with motherhood, offering motivating insights for aspiring female leaders. Tune in for an inspiring conversation about career evolution, leadership, and family.
Episode 4