- Students – Many students are not equipped with the knowledge of how to apply and pursue jobs, let alone know which companies to apply to. Without knowing how to prepare their resumes and cover letters, and without guidance on interview techniques, these students are not putting their best foot forward in a competitive job market.
- Employers – Meanwhile, employers have trouble carving out the time to post jobs, vet applications, and conduct lengthy interviews. Employers express frustration about spending time recruiting candidates that end up not accepting offers because the candidates change their minds about what they wanted to do or applied to a multitude of companies.
This process is inefficient for all parties.
The Solution: Create a boot camp that immerses students into the job preparation process, without any other classes or obligations to compete for their attention. Once the boot camp concludes, students can participate in a job auction where they bid on roles with allocated points.
The phases would look like the following:
- Discovery – Over a number of days, different career categories will be presented to students through alumni and company representatives who will speak about their career and company. A moderator will help steer the conversation and make sure to ask the tough questions to give students a comprehensive view of each career trajectory. “Real world challenges” proctored by company representatives could also be used here to let students practice the type of problem solving that the company utilizes.
- Planning – Students will then learn about resume and cover letter best practices and will be given time to draft up their own versions. Students will first share end edit each other’s drafts in small groups, then sign up for one-on-one sessions with instructors and/or advisors for feedback.
- Practice – Students will break out into different groups by career path where they will learn best practices for interviewing and learn about common questions. Here, students will be given time to craft their individual stories and participate in mock interview sessions with students who are in the class ahead of them (e.g., seniors mock interviewing juniors).
- Auction to Apply – Once discovery, planning, and practice phases have been completed, students are ready to apply through the school-run auction. Students will be allocated 1,000 points that they can use to bid across a number of participating companies that have open internship roles. The top ranking bidders will have their resume sent to the company, which can choose to interview one (or all) of these candidates.
By limiting the supply of “points” through the auction, this approach ensures that participating companies don’t become overwhelmed with resumes from students with varying levels of interest. The nature of the point-based system requires that students research and prioritize their interest in companies before the application process, thus saving time and churn for both students and employers.