lloyd blankfein

  • Goldman is looking to deepen its relationship with more universities across the US.
  • The financial giant has typically focused much of its energy on a basket of a couple dozen schools, but its CEO Lloyd Blankfein said the firm is casting a wider net.
  • Goldman hosted a half-day session with undergraduates from CUNY, a public university in New York City earlier this month.
  • During a fireside chat with students in September, Blankfein said the firm is looking for talent outside the Ivy League to compete with Facebook and Google.

Goldman Sachs is embracing top students from outside the hallowed halls of the Ivy League.

Goldman Sachs chief officer Lloyd Blankfein hosted a fireside chat in September with 250 students from Macaulay Honors College, a New York-based public school, during which he outlined the firm’s new outlook on recruiting talent. He told students the firm is no longer “trapping” itself by “recruiting from the same 30 or 40 schools.”

The firm has been deepening its relationship with the college, which is considered a high-caliber public school. On November 3, Goldman hosted a resume and interview workshop with students from the university.

The firm’s outreach to Macaulay is the latest in its attempt to shake-off its Ivy League reputation. Through new technologies, for instance, it has been able to expand its reach with video interviewing and webinars.

Traditionally, it actively targeted a basket of just a couple dozen schools, including those in the Ivy League as well as some higher-ranked public schools such as Brigham Young University and Rutgers University, for instance.

Blankfein said during the fireside chat that for some students from non-targeted schools, getting into the doors of Goldman was akin to a “salmon who had to swim upstream.” But increased competition from Silicon Valley has forced the firm to pivot and open Read More Here