For bankers from non-targets eyes ONLY
Okay, now that it’s just all of us non-target guys.... a few questions for the current bankers:
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Do you get as many networking emails from current students at your alma mater as you expected you would? More? Less?
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Do you consider responding to networking emails from alums of other non-target schools? How does that go? “Hi I noticed we both aren’t from HPY”?
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Any other interesting perspectives on networking?
Thanks!
Interested
I don't get too many from my Alma Mater, which was a very good school but definitely not a target. I get some from kids from schools in the same conference who point it out, which is fine. I usually just respond (or don't respond) at random to networking emails so long as the kid doesn't have a really bad resume, so overall the school is not much of a factor.
If I'm reaching out to a non-alum who also went to a non-target, should I include my resume to try and increase my response rate or does it not really matter?
From my perspective it helps to know what experience if any the emailer has as well as their GPA. I don't want to have to look up your name on linkedin to get that info.
Include it if reasonably strong; do not include it if not reasonably strong
I went to a strong school but one that didn't focus on finance, so we definitely weren't a target for any banks. I would say that I get a few emails per year from kids that currently attend my alma mater and I respond to all of them to give them at least an initial 30 minutes of advice / background on IB, my firm, etc. Some of them suck, some of them are good and I pass along the good ones to HR.
For random kids reaching out to me, I respond to like half to 2/3 of them at random (I also for some reason get a lot of them) and it really depends on what type of week they catch me on. If I am super busy, then highly unlikely I respond (if they follow up with me, much better shot but don't follow up more than once) and if my week is chill then I will set up calls with 3-4 people, sometimes more.
My advice is to hit up your alumni network as best as possible; most of those people will answer and will likely pass you along to someone else (assuming you are solid during the call). Outside of that, it's a volume game. I sent out a ridiculous amount of emails back in the day and maybe had a 20% response rate from people that weren't alumni or a referral. Good luck out there!
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