Boutique IB Networking ?

Hi! I've been helping out a friend break into investment banking at the no-name boutique level. For boutiques it's flipped, it's best to network with the decision makers, so Founder's and MD's, rather than analysts. 

My friend goes to a super non-target. I am contemplating if I should have him strictly reach out to non-target MD's and avoid any MD's or founders that went to target schools, to hopefully increase coffee chat and response rates. The only downside to this is 90% of boutique founders went to a target school and he will have to reach out to the non-founder MD's, so although he'll reach out to MD's that went to non-targets, he may get worse results as he wont be able to reach out to the Founder, the true decision maker. 

I only ask this because the 2 offers that I got my sophomore year at the no-name boutique level, when I networked with the firms, the bankers were founders, as well as non-targets, so I'm a bit conflicted.  

Question: Should he reach out strictly to non-target MD's who may be less in a position to be a decision maker OR reach out to strictly MD's who are more Founders even if they went to a target school, as they are the decision makers and he'll have a better chance to be hired? 

Maybe I'm overthinking this, but honestly if someone is a non-target, they have to take any advantage they can get. I feel target school bankers will be 3x less likely to network with a non-target student than vice versa. Thank you!

 

I think you’re overestimating the “elitism” of target school MDs. He should reach out to whoever he can, and there’s plenty of other places he can draw commonality from than just his school’s target or nontarget status

 

He should be able to talk with senior folk regardless of background as that’s eventually what the job entails - being able to communicate with people from all backgrounds 

 

Porro est dolore dignissimos reiciendis quod. Nisi aut dolor dolor mollitia deserunt beatae. Facilis voluptatem autem vero placeat rerum optio. Adipisci ut quos quia mollitia ut eum.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”