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Are you allowed to network while starting out at a BB
 

corneliustone's picture
ST
 
Points)
 on 3/6/13 at 5:56pm

So let's say your goal is becoming an equity Swaps trader,

but after interviews you got a FT offer for Investment Banking M&A at GS, you got this by networking hard with a couple of MDs, and showing that you really want to be an investment banker (since you didn't get accepted to many other places).

How many months into the job are you allowed to network with traders from other banks (JPM, Deutsche, Credit Swiss) to try to land your equity swaps trader position without disrespecting your MDs.

I'm very sorry if this is an obvious answer, but your insight would be appreciated.

Thank you

Tags:
CountryUnderdog's picture

Immediately? You can always

IB
(Gorilla, 563
 
Points)
 on 3/6/13 at 6:30pm

Immediately?

You can always network, and I'd say it is encouraged. What would be frowned upon is if you let it slip that you are trying to find a new job. Just approach them for now and try to build a relationship, with the idea being later down the line you'll want to make the jump. I bet that the contacts would be much more receptive once they realize you aren't just using them for a job (at least initially).

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."

corneliustone's picture

CountryUnderdog: Immediately?

ST
 
Points)
 on 3/6/13 at 6:34pm
CountryUnderdog:

Immediately?

You can always network, and I'd say it is encouraged. What would be frowned upon is if you let it slip that you are trying to find a new job. Just approach them for now and try to build a relationship, with the idea being later down the line you'll want to make the jump. I bet that the contacts would be much more receptive once they realize you aren't just using them for a job (at least initially).

Thanks! and in your opinion, after how many months can you start asking for the job and trying to actually get the new job?

CountryUnderdog's picture

I mean, you can do it

IB
(Gorilla, 563
 
Points)
 on 3/6/13 at 7:10pm

I mean, you can do it whenever you want. Analysts leave all the time for a multitude of reasons. If it was me, and I was an the M&A group at GS I would at least stay a year for the experience. That being said, since you seem like you want out, I would network until you have some really solid relationships, and then once you have that let it slip -- I assume it will take at least 6 months if not a year to build the type of contacts I am talking about.

Best of luck. I drool at your options (i.e. GS M&A).

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."

CountryUnderdog's picture

Also, just as an aside you

IB
(Gorilla, 563
 
Points)
 on 3/6/13 at 7:14pm

Also, just as an aside you should probably read your employment agreement to see if they claw back your signing bonus or something if you leave prior to x months. Just to be safe.

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."

corneliustone's picture

Sounds Great! Thanks alot!

ST
 
Points)
 on 3/6/13 at 8:02pm

Sounds Great! Thanks alot!

orangebull's picture

Only one technicality, GS

 
Points)
 on 3/7/13 at 3:35am

Only one technicality, GS doesn't have a pure M&A group, M&A is worked in-house via industry coverage. So basically your situation would never exist.

Just kidding (the group part is true though)

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