Investment Bankers Frown Upon Job Seekers Submitting AI Generated Resumes
The increasing popularity of artificial intelligence tools, such as ChatGPT, may not benefit junior bankers seeking employment. According to Wall Street executive search firms, several “telltale signs” have been identified that indicate a job seeker has used AI to draft or embellish his or hers resume. If a recruiter submits a resume that has not been properly proofread to a potential investment banking employer, if they see the resume looks generic and errors begin to surface, it raises a red flag since the sector prizes “attention to detail, accuracy and seek applicants who don’t take short cuts.” These concerns have slowed the hiring process according to interviews with some external recruiters, since it now requires a longer probing of candidates with “more specific and technical questions to ensure they’re as good as their resumes say.” To avoid uncertainty about the integrity of the candidate’s resume, investment banking employers are shifting away from the resume during the interview process, and instead focusing on the individual’s character, since the mistake of hiring the wrong person and then having to train them is a costly one.