GoBuyside – A Transparent and Unique Manpower Provider

GoBuyside is a recruitment entity based in New York. It performs a worldwide manpower recruitment service for multi-global corporations and entities who are engaged in the hedged fund and financial investment industry. GoBuyside utilizes their exclusive brand of expertise to help the said companies have access to outstanding professional talents that suit their respective needs.

Annually, fresh candidates that are fully suited for the consulting and investment banking industry sectors are being pooled and hired by GoBuyside before any actual employment contract is issued and signed. The reason behind this strategy is to have a ready database of recruits who aspire to be hired and employed in leading banking and investment corporations around the globe.

The young professionals specifically pre-MBAs who seek employment with GoBuyside have recently classified the criteria they usually look for before engaging in the registration and recruitment process of any human resource entity. The results of the aforementioned categorization are given in the order of importance as follows: firm prestige, firm track record, compensation, firm location, business school placement, and work/life balance.

It can be deduced from the result that young professionals or pre-MBA applicants consider the reputation of the firm first and foremost before considering other aspects of compensation, work/life balance, and work location. The transparency of the conducted research provides an insight that the firm’s organizational culture is being taken into high consideration by top-tier young professionals. This particular type of opinion has opened an opportunity for investment managers to consider offering career opportunities to young graduates who do not have any MBA units or degree. This alternative option has predominantly lessened the need to have an MBA to be hired within the investment or banking industry.

While the preceding study suggested that compensation is not first on the list of professionals vying for positions in the investment banking sector, GoBuyside continues to be transparent on the financial standings of the market they serve. This is to provide candidates valid information on a particular company’s financial status within the industry. It is significant to note that the financial capability of a corporation is vital to the compensation package it offers and provides.

In 2017, a research was done on how employees are compensated within the private equity industry. In the data that was acquired, GoBuyside notes that the basic pay and bonus given does not correlate with the actual performance of the firm with regards to the return on investment. Current employees reported that despite the reduced rate of returns by their respective companies there was still an increase in payments. And the increase mainly came from the bonus that was given at the end of the year.

In conclusion, GoBuyside is a very transparent high-class recruitment firm given the fact that it provides the essential data that aspiring candidates need to know before they apply and get hired eventually.