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NY Jobs to Take Another Hit in 2010; Offers Help for Job Seekers

Today, New York Mayor Michael Bloomberg unveiled his plan for the 2010 executive budget, which includes new layoffs and a sales tax hike, for a total of $3.4 billion in gap-closing savings. 

“The budget isn’t just about numbers. It’s about making choices that keep our social safety net strong for those in need,” the mayor said. “It’s about creating jobs and keeping jobs here. It’s about keeping New York, New York.” 

According to the mayor, 328,000 jobs have already been lost as a result of the recession.  And based on the latest report by the Bureau of Labor Statistics, New York’s unemployment rate at the end of March was 8.1%. So with an even tighter job market, people are likely going to be faced with a tougher job interview process as many more compete for the same job. 

Glassdoor announced this week a new section of the website for job seekers – Interview Questions and Reviews. With this, not only can you find specific insights into specific companies for free, but you can also define the interview, company and salary search by location. 

So if you are looking for a job in New York, which many are, Glassdoor offers a behind the scenes look at more than 185 companies in the area.  Below we’ve identified a list of companies with the most Interview reviews in New York and the surrounding vicinity, along with the company rating and interview difficulty. It’s interesting to find that Bloomberg happens to be one of the hardest places to interview (Very Difficult = 4.2), while employees at the company in New York City and the nearby areas give a neutral satisfaction rating (3.2). We also see that Google has the second most difficult interview process (4.0) based on the feedback from recent job candidates, but employees in this region note that they are very satisfied (4.6) with the company.   

Glassdoor Report: New York Interview & Company Ratings
  Interview Difficulty Company Rating
Bloomberg 4.2 3.2
Google 4.0 4.6
Teach America 3.7 2.0
Morgan Stanley 3.5 3.4
Apple 3.5 3.7
KMPG 3.3 3.5
JP Morgan Chase 3.2 3.2
Accenture 3.0 3.7
Price Waterhouse Coopers 2.8 3.5
Deutsche Bank 2.3 3.3

We’ve pulled a mixed selection of interview questions being asked at some of these companies to give a taste for the type of information at Glassdoor that can help a job candidate study up on before heading into an interview:

“What is a singleton? How would you code it in C++? How can you make it thread safe?” – Financial Software Developer, Bloomberg LP 

“Please describe for me an experience when you were asked to lead a team. Walk me through your initial thought process regarding setting it up, forming the team. What went right? What went wrong? Be more specific. Okay, now take me back before that and tell me what you were thinking. Why were you thinking that? What experiences in the past helped you to think that way? Okay, let’s go back to where we were. Etc.” – Advisory Associate, PricewaterhouseCoopers 

“Design an algorithm to play a game of Frogger and then code the solution. The object of the game is to direct a frog to avoid cars while crossing a busy road. You may represent a road lane via an array. Generalize the solution for an N-lane road.” – Software Engineer, Google 

She picked up a pen and said “how would you sell this pen? – Licensed Personal Banker, JPMorgan 

“If my boss were to say anything about me, what would he/she say? Would he complement my work or would he provide mediocre reference or bad review about me?” – Vice President of Technology, Deutsche Bank 

Have you recently had an interview? Let us know what happened, what worked and what would have helped you better prepare.