What Is ‘Grit’ and Why Do Employers Want You to Have It?

Grit isn’t just necessary for investment banking employers. Be prepared to show any potential employer your “firmness of mind or spirit : unyielding courage in the face of hardship or danger.”

by Derek Loosvelt | August 07, 2017
Re-posted from Vault

Every year, Vault surveys thousands of investment banking professionals, asking them to tell us about life at their firms. We ask about culture, compensation, hours, training, and many more areas, including the hiring process. With respect to the hiring process, we ask professionals which traits an ideal job candidate needs to have to get hired. In the past, and again this year, banking professionals told us that the following traits are highly important (and, in some cases, required): a strong work ethic, team-playing ability, strong communication skills, strong technical skills, superior intellect, excellent problem-solving skills, and the ability to adapt to different situations.

In addition to these, this year, numerous professionals from various top investment banks also told us that “grit” is required. Which we hadn’t heard professionals mention in the past. And so, we thought, is the requirement of “grit” a thing? And, if so, why?


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