BY Max Nisen
QUARTZ - APRIL 20, 2015
Goldman Sachs and Google are both thought of as companies that compete for talent. But they have different ways of spotting it. One of the best-known—and surprising—results of Google’s internal research into hiring and success is that academic track records don’t really matter. In a New York Times interview (paywall), HR chief Laszlo Bock said university grades are “worthless as a criteria [sic] for hiring.” At the People Analytics Conference April 10-11 at the University of Pennsylvania’s Wharton business school, Bock reiterated the point:
"We did a bunch of analysis and found that grades are a little predictive your first two years, but for the rest of your career don’t matter at all."
Other companies, however, have found something different. At the same conference, Goldman Sachs managing director and operations data lead Afsheen Afshar spoke about the investment bank’s own data-intensive efforts to see if it’s missing potentially interesting candidates. The result is a very different way of thinking about the grade-point averages that universities use to measure academic achievement: “GPA isn’t the whole story, but it is part of it,” Afshar said at a panel discussion. “Leadership went into the analysis thinking it might not mean anything, but it does matter.”
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