Analysts Being Slammed Right Now?
Have sent an absurd number of emails with no Hits, started recruiting earlier this semester so I know my hit rate and would average 4-5 coffee chats a week. Rate seemed to drop significantly recently, wondering if analysts in general are just being slammed by a large number of emails rn or if its me lol
Based on the most helpful WSO content, it seems that analysts are indeed facing significant workloads and challenges, which could explain the drop in response rates. Analysts are often overwhelmed with work, especially during busy periods like deal closings or earnings seasons. For example, analysts and associates are reportedly working 100+ hours weekly in some groups, with even Saturdays being consumed despite policies against it. This workload leaves little time for responding to networking emails or scheduling coffee chats.
Additionally, analysts receive a high volume of outreach emails, particularly from students and job seekers, which can contribute to lower response rates. Timing also plays a crucial role—sending emails during earnings season or at peak work hours (like mornings) can reduce the likelihood of a response.
To improve your chances: 1. Be strategic with timing: Avoid busy periods like earnings season or mornings when analysts are swamped. 2. Personalize your outreach: A well-crafted, concise, and targeted email can stand out among the flood of generic messages. 3. Focus on analysts with mutual connections: This often leads to higher response rates, as mutual connections build trust.
It’s not necessarily you—analysts are likely just slammed right now. Keep refining your approach and stay persistent!
Sources: GS Analyst Survey Results, How to Contact an ER Analyst and Get a Response, What time do you stay up looking out for emails? (Analysts), Cold Call Email Mistake Made - Sharing Response (Advice) Received, Analyst Burn Out Tips (Surviving COVID, WFH, and The Sweatiest of Shops)
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