When hunting for a job on Wall Street, networking and a stellar track record of driving returns may not be enough. Now, job seekers might need to add passing a psychological test to their list of qualifiers. GhSmart, a company specialized in helping investment firms and companies find the best candidates, plays a key role in this hiring process.
GhSmart delivers a five-hour psychological assessment, which many of the top firms, including Citadel and Blackstone, frequently use when weighing job offers. What makes the firm different is that they make a strong statement on whether to hire the applicant or not.
Although this assessment service doesn’t come cheap — starting at $25,000 per assessment — and typically is only used for experienced professionals, lower level positions are likely to start using a similar assessment system shortly. Psychological testing is nothing new on Wall Street and can even be done online, though users often don’t like their own results.
The founder of ghSmart, Geoff Smart, has a strong background in analyzing talent, as he studied human resources at Harvard and wrote the book “Who: The A Method for Hiring”. Smart said ghSmart’s mission is to help companies find “true” A players and that the involvement of psychologists is an invaluable tool for a successful hire.
In addition to its assessment services, ghSmart also provide advisory services to its clients, which means some of its tactics might start to show up in hiring decisions at the junior level.
It’s clear that ghSmart offers a reliable service that can benefit Wall Street and other top companies, especially if their five-hour interviews are able to cut through the fluff to determine if an applicant is the right fit for the job. Regardless of your background and résumé, it can come down to the psychologist’s assessment — so make sure you put your best foot forward.
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