Hey konschubert - understand what you're saying, but I'd strongly disagree that this is only a phenomenon in investment banking.
Roughly ~65% of hires for all Fortune 500 companies come from employee referrals, and top companies in all domains continually compensate existing employees with bonuses for helping hire their friends (because they know them well).
While it may be more prominent in some industries over others, connections matter everywhere. Instead of trying to change that reality, we're trying to find a solution that mimics parts of the magic that happens when your "insider" friend puts in a good word for you.
If someone on The Lobby thinks you're a good fit for the industry, we're aiming for their "Rating" to help you get some of that benefit you might get if a friend on the inside referred you and vouched for you.
Roughly ~65% of hires for all Fortune 500 companies come from employee referrals, and top companies in all domains continually compensate existing employees with bonuses for helping hire their friends (because they know them well).
While it may be more prominent in some industries over others, connections matter everywhere. Instead of trying to change that reality, we're trying to find a solution that mimics parts of the magic that happens when your "insider" friend puts in a good word for you.
If someone on The Lobby thinks you're a good fit for the industry, we're aiming for their "Rating" to help you get some of that benefit you might get if a friend on the inside referred you and vouched for you.