• Sharebar

There are 3 regrets I've had in job searching. What are yours?

1. My 3rd internship at BlackRock, I was putting bologna on my plate with Ralph Schlosstein (Ex-COO of BlackRock, now CEO of Evercore) next to me. "Hungry are we?" Me: "Yeah what's a poor college kid to do?" I walk away not saying anything else to him.

2. At Bloomberg B-Discovered Day, Dan Doctoroff the CEO gives a speech on taking risks and even tells us where his office is. I wanted to send a thank you or some sort of letter. I thought about emailing Mike Bloomberg after reading his book. "5 minutes of your time, it won't even cost you a dime." Never did. I prepared 4 weeks for BB. After a final round, rejected with a generic email.

3. In 2008, Not asking my VP for a junior internship. Entire team gets laid off Feb 09. Called her to catch up and make sure things were okay, was told "if only you had asked [for an internship.]."

I believe in "80% of life is showing up" and "what's the worst that can happen if you ask?"

Make sure you don't ever have regrets. Go to that info session, call that rich uncle, follow up with that MD who liked you. Take the initiative and have CONFIDENCE.

5 1

Comments (29)

  • TraderJoe1976's picture

    If you just play the numbers game, you are going to get a position which is an approximate match for your education and experience.

  • marketimpact's picture

    "what's the worst that can happen if you ask?"

    totally agree, you take enough risks and sooner or later one will pay off

    "I came, I saw, I networked"

  • In reply to marketimpact
    monkeysama's picture

    marketimpact:
    "what's the worst that can happen if you ask?"

    totally agree, you take enough risks and sooner or later one will pay off

    Well you could piss somebody off, you're conversation could get posted on the internet, everybody will laugh at you, and you'll be forced to delete all your social accounts while you're black balled from the industry.

    What? You asked.....

  • In reply to blastoise
    wolfy's picture

    blastoise:
    why did you have 3 internships at blackrock?

    Asked back: Summer, Winter-Spring, Summer

  • In reply to monkeysama
    wolfy's picture

    monkeysama:
    marketimpact:
    "what's the worst that can happen if you ask?"

    totally agree, you take enough risks and sooner or later one will pay off

    Well you could piss somebody off, you're conversation could get posted on the internet, everybody will laugh at you, and you'll be forced to delete all your social accounts while you're black balled from the industry.

    What? You asked.....

    No crazy "I am always awake for Citi" stunts though. Just asking for info interviews, meetups, coffee, etc.

  • Ben Shalom Bernanke's picture

    Thanks for posting this. Never hurts to reach out to someone.

    Love the first tag.

  • In reply to wolfy
    monkeysama's picture

    wolfyserver:
    monkeysama:
    marketimpact:
    "what's the worst that can happen if you ask?"

    totally agree, you take enough risks and sooner or later one will pay off

    Well you could piss somebody off, you're conversation could get posted on the internet, everybody will laugh at you, and you'll be forced to delete all your social accounts while you're black balled from the industry.

    What? You asked.....

    No crazy "I am always awake for Citi" stunts though. Just asking for info interviews, meetups, coffee, etc.

    That's true. It just takes a lot of finesse, and by finesse I mean quieting the inner crazy. Tough to do for some people. I feel soooo bad for that one girl - she just needs a crash course in socializing skills or maybe a year off traveling with people to work on her people ability. But yeah, very important to reach out to people. I wouldn't worry too much about the sandwich thing though, it happens. Plus you might have irritated the guy when he just wanted to say hi and didn't want to really start a conversation.

    On second thought, I don't know. I guess I'm not the best judge of that sort of stuff.

  • financefan1's picture

    you realize she got the interview with Citi and some other banks called her because of that presentation, right?

  • In reply to financefan1
    monkeysama's picture

    financefan1:
    you realize she got the interview with Citi and some other banks called her because of that presentation, right?

    Haha, really? Well....now I'm not so sympathetic.

  • In reply to financefan1
    wolfy's picture

    financefan1:
    you realize she got the interview with Citi and some other banks called her because of that presentation, right?

    I chatted with her on LinkedIn and gave her some PR/damage control advice. She just wants it all to go away. I'm pretty sure she doesn't like be on the Huffington Post.

    Kudos to her, though, for making it a meme.

  • monty09's picture

    I was a summer intern in 2004 at a bank in chicago and CEO talked to all the summers over lunch. As he finished up he said to email him if we had any questions.. That afternoon I emailed him and asked if he would like to have breakfast as I would like to learn more about how he spent the early years of his career. 3 weeks later he called me and asked if I was free for breakfast next day. Turns out in 6 years I was first person to email him. I ended up accepting the job and two years later resigned. He was first person I emailed and he said to stay in touch. We have overr the years and he is one of my best resources.

  • wolfy's picture

    ^ silver banana right there.

  • Smooth_Nico's picture

    At Goldman IBD recently I accidentally mentioned to the recruiter that I had already accepted an offer at another top BB.

    As soon as interviews were over I got a call saying that they do not put out offers to people who have already formally accepted a position.... FML

  • In reply to Smooth_Nico
    NRG's picture

    Smooth_Nico:
    At Goldman IBD recently I accidentally mentioned to the recruiter that I had already accepted an offer at another top BB.

    As soon as interviews were over I got a call saying that they do not put out offers to people who have already formally accepted a position.... FML

    Shake it off. The beauty of this forum is, we can learn from each others mistakes. I asked a Colonel in the military once, "How do you know if your making the right decisions?", he replied "From past experience and mistakes."

  • 99isNot100's picture

    Last night, I'm leaving the office around 8ish with my wife (she had come in to visit me). One of the co-heads of my group gets into the elevator with us. He smiles at me and I'm sitting there like "shit, I should say something." So I say "John, this is my wife ____ ." And he launches into this huge conversation with her about where she's going to school, how his wife went to the same place, sits on the board of trustees, etc. etc. Will anything come out of it? Who knows. But to the OP's point, you miss all the shots you don't take.

  • Steinig's picture

    Great post wolfy, I think the advice can and should be applied to all areas of life. Whether it's networking with a CEO or asking out that special someone, you don't want to miss that moment, because you never know what's gonna happen!

  • MCBB687's picture

    I play on a softball team with a bunch of 40something guys who work at Morgan Stanley/Goldman/S&P/BoA, etc. I'm still in graduate school, (and a non target at that) and the first summer I played with them I felt awkward asking them for help with my job search. The next year when they found out I was looking for a job within finance they all offered to help. I had three VPs and two EDs sending emails to HR and group heads for me. It lead to three phones interviews, one recent in person interview, and my contact at Goldman is bringing me for a day to sit with a trader and see what a day in the life is like there.

    You never know what can happen.

  • bulge4lyf's picture

    I think this is true. I've found that success comes best when you just seize opportunities with no pre-conceptions or expectations. Taking various opportunities that were presented to me I managed to end up making good friends with people in top positions at mega hedgefunds and very senior people at BBs.

    I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

  • In reply to Smooth_Nico
    midnight_oil's picture

    Smooth_Nico:
    At Goldman IBD recently I accidentally mentioned to the recruiter that I had already accepted an offer at another top BB.

    As soon as interviews were over I got a call saying that they do not put out offers to people who have already formally accepted a position.... FML


    I heard of that policy. At least you had accepted an offer at another top BB. A friend of mine accepted an "insurance offer" at some corp fin company. Imagine his disappointment - Goldman liked him, too ;).

  • midnight_oil's picture

    But to add to that - you still need to be balanced and not annoyingly persistent. One email is ok, and monty's story is extremely encouraging, but I've seen kids who thought they should be proactive but were complete tools. So as interns they'd stalk MDs who barely knew them and ask them to lunches, REPEATEDLY, in the most naive tool fashion. Please don't be those people.

  • In reply to NRG
    Smooth_Nico's picture

    To unlock this content for free, please login / register below.

    Sign In with Facebook Sign In with Google

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!
  • balooshi's picture

    Big 4 Accounting Guide to Getting Hired Contains interview questions, exactly how to answer, resume guide, how to make an impact and a guide to the firms and service lines.

  • azima's picture