In which sector does anecdotal evidence suggest networking often constitutes the application process itself due to the high cost of a poor hiring decision?

Answer

Investment Banking (IB)

In highly specialized and relationship-driven fields like Investment Banking, landing a position without pre-existing connections is exceptionally difficult, as these environments often rely on personal endorsements because the cost of a bad hire is very high.

In which sector does anecdotal evidence suggest networking often constitutes the application process itself due to the high cost of a poor hiring decision?

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HOW TO GET A JOB WHEN YOU DON'T HAVE A NETWORK

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