Frustrated with Networking and Recruiting – Looking for Advice

Just needed to vent about how frustrating networking can be. People say things like “follow up” or “let me know when you apply,” but then ghost you when you actually do.

I’ve been networking for lateral moves for a bit under 4 months now, averaging 2-4 calls a week. While many conversations go well (thank-you emails, shared articles, or positive follow-ups), it's still tough. I did a junior summer at a BB, and I’ve been working in a finance-related role for 8+ months (2023 grad), but given the current market (interest rates, tough FT market), I’m struggling to gain traction despite all the effort.

Coming from a non-target, it’s already an uphill battle. I’m reaching out consistently (300+ emails a week, at least one call), but when I follow up after seeing some openings  like JPMGS and a MM had recently none of them were helpful and they people often go silent. I’m starting to wonder if 2-3 contacts per firm are enough, or if I need to push harder—maybe it’s just a numbers game, at this pointI am still planning on hustling and grinding at least till 2025, not like I have anything to lose and I want it and am going to give it my 100% till I can't.

I understand everyone’s busy and life happens, and I’m not blaming anyone. It’s just frustrating because I’ve been grinding and putting in the work, yet it feels like I’m getting nowhere. I’m considering increasing my touchpoints to 5+ per group to expand my reach.

At this point, I’m questioning whether it’s the market, my approach, or if referrals just aren’t as effective anymore. Any advice is appreciated. It’s just kinda frustrating.

3 Comments
 
Most Helpful

Not to be a dick but what makes you deserving of an IB role? You’re a non-target, you don’t have IB experience, why should a bulge bracket give you a chance? You need some tough love here, it’s not the market as to why you’re not getting a job. It’s because your profile is not good enough. If anyone else isn’t telling you that and to keep going they’re giving you shit advice because you’re wasting your time.

If I were you, I would look at doing extra schooling - maybe a MSF at a better college or an MBA down the line if you wanna do IB. Continuing this way and bashing yourself through a wall is not gonna get you there, you’re just killing your mental health. Know when it’s time to call it a quit.

 

Based on the most helpful WSO content, here are some actionable steps and advice to help you navigate your networking and recruiting frustrations:

Networking Strategies:

  1. Increase Touchpoints:

    • If 2-3 contacts per firm aren't yielding results, consider increasing your touchpoints to 5+ per group. This can help you expand your reach and increase the chances of finding someone who can assist you.
  2. Diversify Your Approach:

    • Instead of relying solely on emails, try to attend networking events, seminars, and conferences in your region. Handshaking and face-to-face interactions can have a more significant impact than digital communication.
  3. Leverage Referrals:

    • When you get a referral, follow up with the referred contact and mention the person who referred you. This adds a layer of psychological pressure and can make the referred contact more likely to help you.
  4. Personalize Your Outreach:

    • Tailor your emails and messages to show genuine interest in the person’s work and the firm. Mention specific projects or achievements of the firm to demonstrate your knowledge and enthusiasm.

Recruiting Tips:

  1. Follow Up Strategically:

    • After initial contact, follow up with a thank-you email and share relevant articles or insights that might interest the person. This keeps the conversation going and shows your proactive nature.
  2. Prepare for Technical Interviews:

    • Make sure you are well-prepared for technical interviews. Study technical questions and practice your answers to ensure you can handle unexpected questions confidently.
  3. Consider Location:

    • If you are in a region that is not a financial hub, consider relocating to a more active market. This can increase your chances of finding opportunities and making valuable connections.

Market Considerations:

  1. Understand the Current Market:

    • Acknowledge that the current market conditions (interest rates, tough FT market) are challenging. This is a common issue many are facing, so persistence is key.
  2. Stay Positive and Persistent:

    • Keep hustling and grinding. Your determination to continue until 2025 shows your commitment. Stay positive and keep pushing forward, as persistence often pays off in the long run.

Additional Advice:

  1. Seek Unbiased Feedback:

    • Get an unbiased second opinion on your resume, cover letter, and interview demeanor. Sometimes, small tweaks can make a significant difference.
  2. Utilize Online Resources:

    • Consider using online courses and resources to improve your skills and knowledge. This can make you a more attractive candidate and help you stand out.
  3. Network with a Purpose:

    • When networking, have a clear purpose and specific questions. This can lead to more meaningful conversations and potential opportunities.

By implementing these strategies and staying persistent, you can improve your chances of success in networking and recruiting. Keep pushing forward, and don't get discouraged by temporary setbacks.

Sources: Please Advise: Never-Ending Job Hunt, How to network & get yourself a Career Mentor, Reflections from year 4 as an equity analyst, When to call PE recruiting quits?, Rock Bottom but ain't giving up

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

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