How to network over the summer?
Hi guys,
I've been reading the posts on this site for a while and they definitely have been very helpful to me. Anyway, I was wondering how (if possible) to network with other firms over the summer? Given IBD hours....will I ever have time to go out and meet people at other banks?
Thanks!
I am very interested as well. I have an internship at a large MM shop but I aspire to work at a BB (Its just the drive in me) and networking is so crucial in applying for a full time position especially since firm hire 50-70% of their full time class from their internship group.
Any help/thoughts/ or insight would be greatly appreciated
The summer will be a 10-week interview for you. You have to make sure people like you and the work you do. So, a few rules to keep in mind:
1) Keep a positive attitude (can't emphasize this enough)
2) Introduce yourself to people and remember their names
3) Don't eat lunch alone - feel it out and try to go out with different groups of people, or just ask one of the analysts/associates if they'd like to go out and chat. People love to talk about themselves, so just ask them about how they got there and make small talk.
4) Don't ever be socially awkward. Sadly, this is hard to work on.
5) VPs and MDs are busy people, but if one of them seems like he is friendly and open to you chatting with him, take advantage of that. If you can make friends with a VP or MD, they can really help you out when the entire group decides on whether or not you get the FT offer.
6) HR can't get you the offer, but they can keep you from getting it, so don't be a dick to HR people. Get to know them and be friendly, always.
@beef, this is more about networking within the firm. How about networking with other banks? How should one approach it so it still remains loyal to the current employer (and doesn't risk the FT offer)
Personally I wouldn't focus on networking with other firms over the summer. Focus on doing a good job at your firm and getting the offer there.
If you get a FT offer where you intern, you will be able to leverage that when FT recruiting starts in the Fall. You will have plenty of opportunities to attend info sessions and network with people at other firms once your internship ends.
Other people may have other perspectives on this, but I think focus on networking with other firms during your summer internship is bad form. If an opportunity presents itself, by all means go grab coffee with someone from another firm. But I wouldn't focus on that...
Yeah if you're doing IBD it will be tough to network during your internship. You should focus on your current internship first- if you don't get a FT offer here, then you will have zero leverage at other firms and the networking will be for nothing.
In another month or so, start reaching out and making connections with people at firms you'd like to work at FT. Just be like "hey, I'm working at this bank over the summer, noticed you were an alumni, and wanted to get some advice for the summer internship." Keep up with people and do this right up until your internship starts. Then go to your internship, crush it, get the offer, and reach back out to all of these connections.
makers mark, do you think the bank I will be working this summer, will be offended (and not give me a FT offer) if they find out I am networking with other firms? Is it necessary to even mention where I will be interning?
I would imagine that most people would get a little pissed if they found out-yes. But again- this isn't the reason to not do it. Last summer I did a middle office internship and didn't work long hours so I did a ton of networking during my internship and nobody found out. I'm just saying that if you're doing IB, you'll have practically no time on your hands so get it done before you start. And it will be almost impossible to sneak away for lunch with someone when you don't know what weekends you're working and stuff like that.
And I see no harm in mentioning your firm name to the people you're networking with- it should come up in conversation anyway.
Strategies to network during summer internship? (Originally Posted: 06/26/2012)
Best way to step out for an hour? Set up phone calls on the weekend? Set up phone calls at night? Difficult with 12-16 hour days that often overlap with the best time to set up calls. What are some strategies for this?
What I do is try setting up calls during my lunch time since the best hours conflict with my working hours.
It depends on what position you're going for. Also oftentimes, people (if they're not in s&t) can have 30 min coffee break or so. You can meet then.
How Do You Network Over the Summer during your Internship? (Originally Posted: 04/05/2007)
I am going to be at a BB summer internship and wanted to know how did all of you go about networking with other banks over the summer? Is this all done through alumni and asking them if they would like to meet up sometime after work to talk? Or by simply contacting HR at the other banks and telling them what bank you are interning at, they will get you an interview? Also what should your approach be, "I like what I am doing now but I am definitely more interested in whatever the division the guy your talking to is in?"
.
There's another thread with the exact same title.
Networking over the summer - NYC (Originally Posted: 06/10/2014)
Hi everyone,
This year I was not able to land an internship in an investment firm like I wanted but was able to obtain an internship with a Big 4 accounting firm in NYC. I was thinking it could be a good idea to reach out to people working in these companies (GS, JP Morgan, Citi, Morgan Stanley, Credit Suisse, etc.) to network and possibly meet up with them over the summer to prepare for the recruitment season for the summer of 2015. Any suggestions?
Yes, good idea. However don't do it at the expense of your work - make sure to get your FT return offer (esp. if you're a junior). If you don't get a return offer from a big 4, why should an IB hire you?
I'm currently a rising junior. Should I just be cold-emailing these people during this summer to prepare for the fall?
Definitely. The summer can also be a good time to connect with seniors from your school who received offers at these banks. However, your number one priority should be to make sure you get a return offer from your Big 4 firm. One in the hand is worth two in the bush.
How do you network?
How to Network While Working (Originally Posted: 02/17/2009)
Hey All,
Is there a good way to network with a bank that you really want to work for full-time, but were unable to interview with for SA position, and ended up taking another SA position in the same city? Is there a good way to talk to network with another bank while summering without that bank questioning your loyalty or integrity? Thanks in advance.
of course. i don't even know where this question of "loyalty and integrity" comes up.
do your work this summer (and that's important--get the offer). when you have free time, you can network with whoever the fuck you please. you don't have to tell them.
how else would people network while they are otherwise gainfully employed?
Summer Networking Events (Originally Posted: 07/02/2010)
I heard various banks hold networking receptions for interns from other banks. Has anyone heard of invites or applications going out for any such events this summer?
And a follow-up question, are accelerated full-time interviews only conducted for applicants already in possession of return offers from their summer firms?
1) I have never heard of banks having receptions for interns from other banks. There are intern events where you have interns from different divisions mix (like S&T, Banking, Risk, ect)
2) No.
Summer Networking (Originally Posted: 05/13/2011)
I am interning at a well known HF this summer just outside of NYC. I was thinking about scheduling some informational meetings with bankers in the city. However, since I am not living in the city and I am working full time, I won't be able to schedule the meetings during the week. Would it be appropriate to ask for some time on the weekend?
Thanks for the input.
No, it would not. What you can do is attend the Veuve Clicquot on the 5th of June. That might be one of your only networking opportunities with execs. Or you could buy lunch for analysts/associates who review your resumes come recreuiting.
What is the Veuve Clicquot? When I google it all that comes up is champagne.
I figured that it would be inappropriate to ask for some time on the weekend. I guess I will just wait until fall and make some trips to NYC to network then.
Thanks.
Networking During BB Summer Internship? (Originally Posted: 03/29/2007)
Is it easy to network with other groups at your BB during your summer internship to secure an interview for full time for a different division at the same bank? Also were you guys able to network with other banks during your summer internship?
I'd say it's easy to network with other groups/divisions during your internship. They key is to know, or make friends with, interns in other groups who can put you in touch with the right people. As for networking with other banks, again, it's easier if you know interns that work there. Some banks have networking events where you can invite your friends who are working at other firms, at least mine did. Remember, it's all about who you know.
Exactly the key is to make friends with other interns. One of my intern buddies no works in a bank/city/team that I wish to transfer to.
Get the offer, first.
Attending networking events at other banks while doing a summer internship (Originally Posted: 06/05/2013)
I'm going to do a summer internship at a BB, and I'm wondering how appropriate it would be to attend networking events at other banks? Doing an internship does not guarantee an FT offer, so looking around wouldn't be wrong, would it? Or is it against the policy of banks for interns to attend events at other banks?
If it's at weekends and you know that nobody from your current bank will be there, then go for it. If it means you will leave work early during the week or there is a chance someone will find out about it, I wouldn't advise it...
Thank you for your advice. I won't have to leave work for it, but the chances of my current bank finding out are pretty high. Besides, I really don't like going behind their backs, but then again, they haven't placed me in the groups I wanted either. I guess it would probably be best to suck it up and make the most out of my current internship.
I have a similar query for a hypothetic situation. If you had a SA stint at a bank you really didn't want to work for full time and also had an invitation to a 1/2 day program at another bank which you would want to work for full time, with the latter program's date coinciding with work days in your internship, what would you do?
Attending another firm's networking event during internship? (Originally Posted: 06/08/2013)
I'll be interning in Investment Banking this summer, so I guess I'll be putting in work from 9am-2am most days.
Some other firms for whom I'm interested in working are holding networking events (cocktails, seminars etc.) during that time. I'd like to attend these events - will I be able to do so?
The events go from around 5pm-7pm, and they're on a weekday. One's happening 3 weeks into my internship, another 4 weeks.
(I guess I'd have to leave the office and come back - is it possible for an intern to slip out for ~2 hours on a BS excuse? Or is there another way?)
just of of curiosity how did you hear about these networking events? I am looking to do the same thing but need to find the information. PM if you can help I would appreciate it.
I've done this last summer, basically I stayed for about half an hour (6:30-7PM) towards the end when they finished their presentations (2 hours is overkill) Also I interned in midtown so it was easier. But don't make this a habit, go to 1-2 Only. To CT banker: hr usually sets these up and email candidates under their radar, those who rejected their offer, or those recommended by current employees.
If I were you, I wouldn't miss your internship to do it. I'd try my best to slip into anything after work or any networking things on the weekend. The HR for my internship frowned upon ANY missed days for ANY reason and I wouldn't risk a good opportunity with the firm you're at. Just keep it to after work hours.
Networking with another firm during summer (Originally Posted: 05/04/2010)
how do you go about networking with other bankers from another firm while you are a SA? do you tell them which bank you are at right now?
Bump
Absolutely. There is nothing wrong with some networking during the internship since nothing is guaranteed and nothing is official until you've got the FT offer in your hand. While some people think that every banker you talk to is going to run back to your employer and tell on you, that is just not the case. Networking is an essential part of the business and if done tactfully, a very successful part of it.
Keeping that in mind, you don't want to confuse networking with free socializing - in other words, you don't want to start badmouthing your current employer, the SA opp, your group, any specific bankers, etc - that is the garbage that can come back to bite you in the backside if for no other reason than it reflects poorly on your character.
To the first part of your question, you want to reach out to your contacts. In other words, alumni, friends, past interviewers, etc from other banks to "catch up." A quick update on what you're doing, a quick question or two for them to keep the convo going (in the event of past interviewers and alumni - friends is an easy-enough category) is really all it takes - when they see that you are in banking it will definitely make you more appealing and provide conversation points going forward as you approach FT recruiting if you need it. At the worst, the banker will ignore you - simply move on and don't give it a second thought. Not every contact is going to welcome you with open arms and that is ok - as a SA you will be very busy just like they are busy - be patient and considerate.
how to network in NYC this summer? (Originally Posted: 03/06/2013)
Hi, I'm a sophomore student from a non-target, top 20 liberal arts college. im an econ major. this summer, i'm interning as at a human resources department in a big3 credit rating agency, and i really want to get into finance next year (summer 2014). i'm trying to network with people from financial district and wall street in-between lunch hours and dinnertime or weekends. how do i network there? do i just randomly approach people, or should i send emails requesting a lunch/dinner meeting? thanks.
try to find an internship using ocr in a more finance related analytical field. I don't recommend randomly approaching strangers for meets. not everyone that walks around financial district is a banker. start targeting networking events, utilize your alumni database, join a finance club, etc. most importantly make sure you can back up your aspirations. read books, get more familiar with the industry. show initiative.
Make sure you use Linkedin to its fullest effect. There were 25 people on the street from my complete non-target, and then you have the surprises like a partner at Greenhill and stuff. Good luck!
Get a friend in IB to run a CapIQ screen of alumni in the city, or get an alumni (current) list from your school. Since you have free time, tee up all of these emails and keep them in your draft box, then every Monday once your summer starts shoot off whatever number of those drafts you think is appropriate (e.g. 10 or 20 -- seeing as how only 10%, 25%, 50% may respond, and less than that will talk on the phone, and less than that will actually meet for coffee, drinks, lunch, etc.)
Good luck.
bump -- thanks
Networking during summer? (Originally Posted: 03/02/2011)
What would be the best way to network during the summer for a fall/spring internship? I don't believe the school will have any events then, so do you all have any suggestions?
And would a fall/spring internship be the best way to get a job out of college? I'm a junior and have no finance experience, and possibly no summer internship.
Thanks!
Cold email, followed by a call, followed by coffee. Markets aren't as active in the summer so professionals usually have more time.
How would I find the emails I want to send to? For example, say I'm looking at Bank of America. I've gone through the 'Career' section and the 'Job Search' section, but there are no emails listed for me to send to.
Thanks for the response
That does not seem like networking ballmouse. Contacting alumni or people who you are introduced to is networking. Look up your alumni database and search for contacts at BofA. Do for every bank and then search general terms such as investments, banking, research etc. etc. and start contact people. Linkedin can be extremely helpful.
Good luck
Thanks. It's not necessarily impossible to get a fall/summer internship with no finance experience even though I'm about to be a senior, is it? Is there anything in particular I should look into if I'm in this scenario? Like something to do after my junior summer?
I-Bank Summer Networking Events!?!?!?! (Originally Posted: 06/12/2007)
I heard a lot of the banks have these summer networking events to get interns from other banks to come over there and network with the company....... I am at one of the BB and wanted to know if anyone knows when / how to find out when the other BB's are having them?
Try getting in contact w/ a friend in the firm. Or just search kids from your school on facebook or something.
its important to get a buddy to recommend you for one of these. and better make sure its someone credible too, because no matter how good you come across, they will inevitably judge you on the basis of who has brought you along.
"Living the dream 24/7 on http://theallnighter.blogspot.com"
wait how exactly does this work? are these events meant to be for other interns from other banks or no? and so the current bank interns go to the events as well?
Networking over summer for junior year internship (Originally Posted: 06/22/2015)
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Do you go to a target? If so, get on the alumni database and start looking for people in roles that you want to have.
deleted
I did too. Have you heard back?
Summer Analyst IBD Networking during work? (Originally Posted: 07/13/2015)
So I'm currently a sophomore interning at a MM (think Piper, WBlair, Baird), and I want to network with alums and other people at other firms for more opportunities come junior year recruiting. I was wondering how to go about this in the best way to not put me in a negative light at work? For instance, if I wanted to have lunch with a network blocks away from work, is it frowned upon to tell your analysts and associates that you will be gone for an hour to meet someone for lunch as an intern?
Bump
I want to ask the same question. I currently work 9 - 6, lunchbreak is only 30 mins. I think it is impossible to do it over lunchtime as sometimes conversaton will easily go on for an hour (happened to me before which made me miss my train).
Is it possible (rude) to ask to meet up after 6pm? So pretty much make it like a after-work meetup at a cafe or a quiet bar. What bout Saturday as some MDs do work on Saturdays?
Many bankers don't get off at 6...
Currently work at a very small boutique in NYC, rising junior at a target school. I don't typically meet up with people in person, but I very frequently set up calls during the day that I take whenever I have downtime.
If your office has phone booths or rooms that aren't being used, just pop into one, talk to people for 15-20 minutes, and go back to your desk like nothing happened. Obviously you can't do this if you're working on something but in downtime it's not too hard.
Usually meeting up in person is harder because people are usually busy around the clock- infrequently I have met people on the weekends, but this is usually at their request, not mine.
Put together a list of people you want to email, and type up and save the drafts in your email, and get to work a few minutes early and send them out in the morning. In my experiences people like to talk in the morning on the way to work, or during lunch breaks, so it really shouldn't interfere with your work too much.
Summer Networking Events? (Originally Posted: 06/24/2007)
Hey can any of you full time guys private message me and let me know when your bank is having one of those summer networking events for interns at other banks? I am an intern at a BB and wanted to start going to these to land interviews with other banks.
do such events exist in NY?I thought there are events only for interns of the Ibank that organizes them (at least this happens where I work).if yes i'd be interested too.
when i did my summer, the networking events were strictly for the people working in that particular bank, they would make sure no one else got in at the door...I dont think anything like that exits, except for SEO networking events. But, I did s&t so who knows. doubt it though, good luck anyway.
yeah...that's why i inquired...at my bank the S&T+Research events are only for people at my place.
i attended a DB summer networking event that was intended for interns from other banks. not sure how they found my name / details, so not sure how you would go about securing an invite. i also know (from somebody who asked if they could just turn up and wasn't allowed to attend) that you had to actually be invited in order to go. this was in london, btw.
I know that Goldman and Citi both have banking events during the summer. I would recommend finding alumni that work at banks all over the street and contacting them as soon as possible to get invited to these events
banks host these events and invite people who they liked during recruiting but who went to other banks for the summer. So, if you interviewed w/ a few places, the ones you didn't select will likely invite you out for a social event. It's pretty unusual for you to just be invited out of the blue to another bank's social if you don't already have relationships there.
do these people that attend these events get an offer right there on the spot if they like them? Or they have to go through the whole interview process and everything again.
are you from a target? a bank will typically host a summer networking event for all finance/consulting interns from a particular school. the invite list was pretty open - even if you weren't already on their radar from past interviews, it seemed that any rising senior from my school could attend.
Summer Networking!!! (Originally Posted: 07/02/2012)
Hey guys,
Rising sophomore at a Semi-target and networking newb here. Been trying to gather some contacts through alumni / websites / linkedin for upcoming school terms. Hoping to land something during the fall term, and leverage that into something for the summer. Something really solid like MM IBD sophomore year summer is ideal
A few questions for you guys
1) As a sophomore hoping to get something during the school term, what should I aim for? Will ER be easier than straight up networking for IBD? Most of the contacts I have are for IBD, but I would be happy to be able to do equity research for a few months.
2) I have everyone from a Analyst to a MD on my contacts that I am able to find at least one point of common interest / experience. Should I aim for or should I avoid Analysts? or Is there a certain group that is ideal?
3) I have multiple contacts in the same bank / firm. Is there a way to decide which contacts to reach out to? Or is reaching out to multiple contacts a good idea?
Currently, I'm hoping to cold-email them with my resume. Situation is im currently at regional branch of a pretty reputable bank. Could I reach out to other people in the same bank with this email address in order to gain some contacts that might be able to help me for future opportunities? (The future opportunities would be at places like LA/NY/Chicago though).
Thanks in advanced
DG
networking is for chumps
I work hard and then after I get as drunk as possible and I try to tell as many dirty stories to whoever will listen.
If you call that networking then i guess, I am
^this guy. At the end of the day, it's all about if they like you or not. Anyone can do the job.
Ever Here of Bert Breakfast Summer Share?
re Q2, I think you should target analysts. You are going to screw up a few coffees until you get the hang of it so why risk it with an MD? Also - if you ask the right questions you can get a better feeling of what it is to work for bank X as an analyst. In interviews they will ask you things like "why bank X?" - have your coffee date (analyst) answer that for you by asking him/her what he/she likes about working for firm X, etc..
Alright imma bump this since the answers so far have been pretty weak.
Thanks rshelef13, appreciate the input.
Im thinking (and hoping) that these questions are pretty relevant to us people who go to non-HYPSW (and the other bunch) schools. especially when we want to take advantage of the time we have during the summer to do this.
fixed that for you
Networking During Internship? (Originally Posted: 07/26/2009)
I'm interning at a hedge fund and my bosses have been kind enough to take me to meetings they go to with hedge fund managers. They also let me go to BB hedge fund conferences to represent them. So I've met with many important people which is quite a rare opportunity.
I've collected many business cards, but my bosses told me not to say that I'm an intern. As a rising senior, is there any way I can still take advantage of all this networking for recruiting in the fall (to hedge funds and/or BB prime brokerage)?
wait until you finish your internship, and start making calls/setting up meetings. Trust me, in all likelihood they will not remember you anyways, and its not as if they'll think, "Oh, I remember that kid from the FoF, but he said he was an analyst there. He should have said he was only a summer." If the guys you met are nice enough to take a meeting with you, you'll likely be starting from square zero. On the other hand, if you can get one of your bosses to introduce you to his contacts, you will be in infinitely better shape than calling off of business cards.
Did they tell you to say anything about your position - did they tell you to lie, or just say nothing? If they have you say nothing, then just reach out to your contacts once the internship ends and try to refresh their memory, etc. If they told you to say that you were an analyst/associate, then when emailing them instead of referring to yourself as an intern, refer to yourself as a summer analyst/associate, and do the exact same thing - refresh their memory, reintroduce yourself, express an interest, etc.
This is, however, a bit confusing without knowing more of the details, or knowing what you are hoping to get out of these relationships - are you looking for a summer internship next year, or are you planning to stay with your current hedge fund for another summer - at the end of the day, you will probably be starting over from scratch, but with the upper hand of a business card and a past connection - if you get some positive responses, great, if not, nothing lost nothing gained.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
here are a few networking tips:
wait til you're done with your internship so you can concentrate on your work - i assume you still want a FT offer from the FoF. Also, you'll have a much more flexible schedule since you don't have to be working from 8 to 6. These guys are busy so you're going to have to be flexible to meet their schedule.
Figure out what you're going to say about what you're doing, what you're interested in, your internship experience, etc. You want to make a good impression.
Hedge Funds don't have a structured recruiting cycle so don't expect immediate interviews. You may not get the opportunity/offer until you get closer to graduation. So adjust your expectations accordingly and don't get bummed if the results aren't immediate.
Good luck.
I'm making it up as I go along.
Thanks for the advice guys. To clear things up, I am going into my senior year and graduating in January. I will continue to work at this FoF during the fall, but they will not be offering a full time position (it's a small group). My bosses are very cool about it and know that I will be looking for a job in the fall. They have introduced me as an analyst at meetings.
Any additional advice would be appreciated. Thanks.
yOu gOtSta mIlK tHoSe cOnTaCts boooiiiii.
u jus gotsta
I'm making it up as I go along.
As much as you might like to think you made an impression, Yuntsucks is right that they are unlikely to remember you, and even less likely to remember your stated title.
Don't worry about that and when your internship is up, or whenever appropriate, begin the conversation with them. Remind them you had an opportunity to work with them with abs FoF or whatever, and it will at least get you an opportunity to maybe show them your resume. Don't expect much more than that.
Good Luck!
FT Successful Networking (Originally Posted: 02/22/2011)
I plan on getting a FT at another BB during my summer internship. Should I keep in touch with the alumni there during the semester, or wait until I start my internship to network.
Since it is a small world, how can I go about expressing my interest in the other bank in the most subtle way?
never too early or too late to network bro
Always be closing.
Will my current employer find out I am networking with other banks? Would I risk a FT offer if they do?
Dude, you're networking. Everyone in business does it. If you want to meet people, go out and meet people. Just don't do it on your company's time.
How to network using bb email during internship (Originally Posted: 06/19/2011)
I am in a summer analyst program at a BB for ops in Delaware and I have tried cold emailing people in front office (ibd, s&t) introducing myself and asking to learn more about their desk and I have only gotten cold responses like "check the website". Any advice on how to email fo people within same bank?
Thank you
Tell them exactly what you want to do. If you want to know what they do, ask if you can work there or shadow someone. If you want to meet them and make connections, find someone that can get you 'in' to a lunch or w/e other event they might have (even drinks).
If you want to work there, do both.
Put simply: imagine you're on the receiving end of your phone call. How would you react? Be more creative since you're already in the company and don't want to be seen as "that guy from back office that cold calls the front for no reason."
Networking During SA Stint (Originally Posted: 05/04/2008)
Hey guys, Im interning at a BB this summer and would like to know what is the best way to create and sustain a network of contacts this summer. Networking with my peers is a given.
Do I invite as many high level professionals I meet to coffee/lunch, hoping they some will "bite"?
I know I should contact alums from my school, but unfortuneately, there are very few.
I'll be in the Asset Management side, which means I'll have a bit more time to do this than someone in IBD.
If you could share some tips on how to maximize my summer by building a diverse network of peers and professionals?
Thanks in advance
If you literally work 2x and 3x harder than anyone else, and ask good questions. Analysts and Associates will buy you lunch and invite you to bar nights.
I did Corp. Fin. internship at a BB and the fastest way to network with Analysts and Associates was to work harder than anyone else. Some of them were even eager to write me references and recommendations at the end of my internship.
Eventually, they will the ones who will tell VPs and MDs about your contribution. (Or, if you don't work hard and they get yelled at, they don't think highly of you.)
BB Summer Networking Events (for interns at other banks) (Originally Posted: 06/08/2011)
I heard BB's like Goldman sometimes hold networking events and invite summer interns working at other banks. Does anyone know how this works/how to get invited to these events? When do they typically start?
also interested
bump
early july, you need to have gotten a superday interview with the bank and/or an offer.
early july, you need to have gotten a superday interview with the bank and/or an offer.
the contact at Goldman is named Marlo Stanfield...shoot him an email
.
Sorry to revive, but to update, I know at least one lower ranked BB has sent out networking event invite already. haven't heard from any others I had superday with
@westcoaster which BB was this / for which region? West coast? NY?
Several banks do these events... out of the top of my head I think last summer, GS, CS, and BX had these events. I knew mostly from my friends who worked at those firms. Additionally, I don't think you need an invitation to go per se. I definitely knew some people who just showed up.
do you guys know of any such events in Houston? I would love to go out there and just explore.
Networking within an internship (Originally Posted: 06/11/2013)
I'm at a damn good firm, but in an internship within a division that isn't what I really want to do after college. I've only been here a week but I've already met several people in most of the other divisions in the office (we're only on two floors so it's pretty easy to run into them in the break room) and they're talkative as hell. Question is: how do I establish enough of a connection to talk to them after the internship & possibly apply to join their division after my senior year? Thanks in advance monkeys.
I would say just take your time with it. Keep meeting and connecting with these people, but also focus on doing your best in your current divison. Think about it, do you think they'll even consider hiring you if they get a bad reference from someone within their own office? Sounds like you're taking the right steps though.
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Networking with other divisions as a SA? (Originally Posted: 02/28/2012)
I have a SA offer at a BB (not an IB offer). Would it be bad if I reach out to Bankers at the same firm and arrange for meetings/talks while I'm still interning in a completely different division?
Not at all...part of being a SA is figuring out whether or not the job is for you and it will definitely help to see how other groups operate. Starbucks will be a valuable asset here.
Nope, use the corporate directory and schedule away. This is a great way to get to know the other parts or groups in your bank and people are usually pretty receptive to this.
This is what I'm going to do this summer.
Do it.
Completely fine - get in touch with alumni from your school and ask whether they'll meet up for coffee.
Also, when you do meet up, ask them whether they know any other alumni from your school who you could reach out to.
Networking with other SAs in your division (Originally Posted: 06/24/2012)
3 SAs in my team including me. I understand the benefits of networking/building relationship with the 2 other SAs in my team - basically, someone to help you out without pressure of feeling like you have to impress them. But potentially the 3 of us are competing for 1 grad position, so can't get too friendly.
In terms of securing a grad offer at my bank, not really sure what benefits networking with other SAs in my division will confer? Any suggestions?
Dude, really? You can be friendly with them like a normal human being without it affecting your chances of getting a return offer. With that attitude it's going to be obvious that you can't be easy to work with, so I'd suggest changing it or hopefully that's not how you look at it and you're just asking for help.
You don't "network" with other SAs, you hang out with them. What do you do in your free time? All my friends are my co-workers, not competition...
Forgive if I didn't make my point clear enough. Of course I can be friendly with other SAs and naturally I will be, but what I'm asking if there are any benefits to being friendly beyond just "hanging out". Obviously I'm going to do everything I can to maximize my chances of securing a return offer, just wondering if networking with the other SAs will help towards that aim.
from my father:
"just be fucking normal...dude"
You sound like a parasite who needs to use people to have any reason to interact with them on a meaningful level
Networking as an SA (Originally Posted: 05/21/2012)
I'm a junior at a target and I'll be working as an investment banking summer analyst at a tiny boutique in NYC this summer. I screwed up my SA interviews at the BBs but I am interested in hopefully leveraging my summer experience during full time recruiting.
I have networked pretty hard this past semester but I'm planning on networking this summer as well, as I will be in NYC. How should I go about this though? If I'm working a ton of hours a week, how will I have time to meet people for lunch/coffee/etc? If I set up a phone call for Thursday at noon or something, what happens if my boss comes in at 11:45 and throws work on my desk? Do I cancel the phone call and risk pissing off my contact?
I'm looking for tips from someone that successfully networked while working in IB.
I spent the past summer at a PE firm and coming from a non-target networking was a high priority task for me.
I wish there was a better answer and maybe someone else will have one, but there is no magic formula to networking. Unlike the calculating the WACC you don't put X, Y, and Z components together and magically end up with the result. IMO you go about networking in the same way that you go about making new friends, but with some deference for your contact because they have connections, experience, and are actually doing 'it'.
You're essentially growing a relationship with someone that you don't know so you need to have a good pitch, be personable, and just not be weird. It's touch-and-go really so you might have a script and a few questions prepared, but you've got to be able to make conversation and flexible, but have the ability to steer a conversation. I'm sure you're not an awkward person so again approach it like you're making a friend, but with all the tact and respect that a contact deserves. To your specific example, I think if you've introduced yourself as a 'like-able' person and openly communicate with your contact they'll probably understand your situation. If you get jammed up with a ton of work right before a phone call and you can't put it off for 15-20 minutes, email them or call them anyways. Thank them for their time and willingness to speak and try to reschedule. Just use your common sense and think about how you'd like to be treated.
It's like a small flower, take care of it and grow it!
also interested. I'm a non target at a boutique as well
This is a great question..
Although I've never worked in IB, I can relate to networking while in certain internships/other finance related jobs.
It's a tough dilemma, because you don't want to disrespect those you are networking with who may be far busier than you and may go out of their way a considerable amount to schedule a call or a meeting.
I guess a lot of it is learning your schedule and when the typical down times are. If things tend to not be so busy near lunchtime or early in the morning, try to schedule your introductory calls around then. A lot of times these don't last for much longer than 10 - 20 minutes anyways since your goal should simply me to schedule a time to meet these individuals.
From there, try to schedule the meetings for times in which you know you won't be in the office.. think early morning before you come in (grab a coffee) or later in the day after work (grab a beer).
Furthermore, make sure your using your time efficiently when talking/meeting with these individuals. Prepare questions so you can as quickly as possible extract information and project what your interests are in the industry.
Sorry I can't give a more pointed answer, but like I said this is a tough situation. There is no answer that is going to work all the time.
Priority #1 is crushing your SA. Never forget that. One of the first questions that any interviewer will ask you is "did you get a FT offer from XXX boutique?" Being able to say "Yes!" to that question will be worth more than almost any networking you can do. Besides, it is always nice to have an offer in the back pocket.
I would try and network before / after your SA stint.
I don't think the boutique takes FT people out of the SA program. Is that going to put me at a huge disadvantage when they ask whether I got an offer in my interviews?
^^If that is the reason then no, it won't. It also means you should disregard my previous post.
However, if you do a good job you can always ask your MD to help you find a FT position. Can't help you with networking during your SA. I know I wouldn't of had the time
Networking while Interning (Originally Posted: 05/10/2017)
I'm currently a sophomore at a target/semi-target undergrad business school. This summer I'll be working at a MM investment bank, and was wondering how networking will happen. I expect I'll be working fairly long hours, so when would most networking calls happen? Over the weekends? Or would I be able to occasionally slip out for a phone call?
Talk with your employer. They're the only one who can give you a definitive answer to this.
Wouldn't that be a bit of an awkward conversation though? It would seem like I specifically wouldn't want to work there after the internship, no? Or at least that I'm not interested?
Bump in case anyone has been in this situation before
Networking with other Banks During Summer Internship (Originally Posted: 03/10/2017)
Hey guys,
What are your opinions on networking with other banks during an SA internship. I currently have a nice gig lined up with a major MM bank but am particularly interested in specific groups at 2 BB banks and have spoken to a few of the guys there in the past. Does it seem desperate to network while working for another bank? Opinions greatly appreciated.
also interested
no completely fair game - I know plenty of people who did just that
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