If the future is merit-based hiring, the future is here.
EquitySim is a technology and education company that helps students land prestigious positions in investment banking. They connect students with the opportunities through a simulation. Where students manage a portfolio, investing how they see fit.
Powered by artificial intelligence and I/O psychology best practices, their platform’s algorithms evaluate a candidate’s skillsets, personality traits, and culture fit. They collect hundreds of data points for each candidate, allowing for a more comprehensive and fair analysis of capabilities and potential.
The software provides a win-win. If the students choose their profiles can be evaluated by employers to see the skills and habits displayed by students. And students get to practice the concepts taught in the classroom and get evaluated on their skill, not GPA.
EquitySim has started with the financial industry but plans to expand to other fields. The future of hiring via simulations is vast.