Analyst Pulling for Students

I go to a finance-heavy school (think Wharton/Princeton) ad I've begun reaching out to a good number of analysts and one or two associates (5-6 at BB, 1-3 from EB), but haven't moved up to the VP/MDs yet, since it is early. 

Does anyone know if analysts/associates have the pull to decide first round/superdays for GS/MS, and what about the EBs like EVR/CVP/MOE/LAZ? Feel like my conversations have gone well for the most part, but I've just begun following up to be internally recommended (but somewhat low success so far).

5 Comments
 

Analysts and associates can indeed have some influence in the recruiting process, but their pull is generally limited compared to VPs and MDs. Here's a breakdown based on the most helpful WSO content:

  1. Bulge Bracket Banks (GS/MS):

    • Analysts and associates can provide internal recommendations, which may help you secure a first-round interview or a HireVue invite. However, the ultimate decision for first-rounds and superdays typically lies with HR and senior bankers (VPs/MDs).
    • Networking with analysts and associates is still valuable as they can advocate for you internally, but it's crucial to eventually connect with VPs/MDs for stronger endorsements.
  2. Elite Boutiques (EVR/CVP/MOE/LAZ):

    • At EBs, the process can be more relationship-driven, and analysts/associates may have slightly more sway in pushing candidates forward, especially if they are in smaller teams or specific industry groups.
    • That said, similar to BBs, the final decisions for interviews and superdays are often made by senior bankers.

Tips to Improve Success: - Continue building relationships with analysts and associates, but start reaching out to VPs and MDs as well. Their recommendations carry more weight. - When following up, make your ask clear and concise. For example, express your interest in the firm and politely inquire if they would be willing to recommend you for the process. - Reference specific conversations or insights you’ve gained from your networking to demonstrate genuine interest and preparation.

Networking is a long game, so keep at it and diversify your outreach to include both junior and senior professionals.

Sources: Anyone have intel on Incentrum Group?, My Take on Deciding Between Top Summer Analyst Offers, Basic Questions About PE Recruiting Answered, 2019 Goldman Sachs IBD Summer Analyst, Allen & Co. - An In-Depth Review

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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