Networking for FT 2021and this resulted in one analyst telling me that my resume would be at the top of HR's pile. Definitely skeptical as to understanding the weight that this actually holds, but I also do know that analysts have pull in getting 1st rounds. What has anyone's experience been with something like this, from either side of the table? Thx all
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what firm?
There's not much to go off here honestly, so anyone would be just be making a guess. If you think he's being genuine and you're sure the relevant bank is recruiting for FT, then it means that HR is at least going to be taking a look at your resume, which is more than others will get, especially during this time.
I know I don't mean to be vague or anything, but that truly is verbatim all that I have to provide. If it helps for understanding, I have an industry specific background for this industry specific team and this took place after a solid networking call.
When an analyst says that he is gonna send your resume to hr, what happens in reality? What will hr do with your resume?
following
It depends. An analyst can just send the resume (I.e. put it “in the system”) and leave it at that. This won’t be all that helpful.
But usually when someone says this, they are sending it to HR (officially or unofficially, depending on the process they have) and properly referring you (I.e. I think this person is good, we should interview them). If that analyst/employee is at all involved in the process and in good standing then it will normally get you a first round interview.
For what it's worth, last year, I stumbled into one of the heads of the top investment club at my school. The two of us were drunk given that it was a Friday night. I said something funny and she laughed and asked for my name, telling me that my "resume would be at the top of the pile." I didn't even get an interview.
Yeah it doesn’t quite work when they are drunk or not in a professional setting (and trying to be nice). Guessing they did not remember your name the next day.
In fairness, that's a good point. That said, I did see her at a party a week or two later and asked what happened and she seemed to remember me but she could have just been faking it lol.
If I had to bet from the info you have told me, I'd say you probably would be getting an interview for FT, but everything really is up in the air and nothing is in your control any more so I wouldn't spend too much time thinking about it.
In reality, it really depends on how large the firm is and what the relationship is between HR and the actual bankers. I just finished 2 years at an EB and I was never close to HR (I saw no value in having a good relationship with them and I was usually pretty busy so I never helped them out with recruiting events, never volunteered to lead sessions for prospective candidates, ignored most of their emails), so if I wanted to push a candidate's resume forward I probably would not have any weight / they might just outright ignore me. If I were an analyst that was super active and helpful and HR really liked me, that candidate is probably going to get a first round. The way I would get around this is by begging an associate I built a good working relationship with who was very involved with recruiting to meet / advocate for the candidates I liked.
But the resume selection process really varies by firm. If you're talking about a large BB, what I described above probably isn't happening as I would imagine the HR team to be much larger and not in as frequent contact with the bankers. Additionally, most banks have recruiting teams for specific schools; I had a lot more pull in trying to get someone who went to my school hired than when helping some random kid from a no-name school who doesn't fall under a specific school recruiting team. In this specific situation you mention that you are trying to join an industry specific team; they might have a hiring process that is different from the rest of the groups (like most FIG groups at BBs). Hypothetically if you have a FIG background and spoke to a FIG banker to join his team and are applying for a position specifically into his group, his support is probably weighted quite heavily. If the position is a generalist one and it's not exclusively to be a part of his group, I wouldn't put as much weight on his recommendation.
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