How do you know if your networking efforts are going well?
I'm a sophomore networking with IB analysts who are alumni of my school. I've been speaking with a few over the past few weeks and it's been going decently. Some conversations have been pretty dry, some awkward, and some great.
At the end, I try to ask them to connect me with other analysts on their team so I can get more perspectives and most of the time they do so. For some, they just forget.
My question is, how do I know if I'm successful in my networking efforts? I'm not sure if analysts are doing anything on their end to give me a leg up during recruiting. Is there something else I should be doing at the end of the conversation other than asking to be connected with other analysts?
Based on the most helpful WSO content, here are some indicators and tips to gauge and improve the success of your networking efforts:
Indicators of Successful Networking:
Follow-ups and Introductions:
Quality of Conversations:
Invitations to Events or Further Discussions:
Tips to Enhance Networking Success:
Maintain Relationships:
Refer Back to Previous Conversations:
Ask for Specific Advice:
Be Genuine and Show Gratitude:
Leverage Alumni Networks:
Additional Resources:
By following these tips and indicators, you can better assess and enhance your networking efforts in the investment banking industry.
Sources: How do I effectively "follow up" or maintain my networking relationships?, Want to get me on the phone? Here's how - a networking overview., Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School, On Campus Recruitment and Networking: A guide, Networking: Analysts vs Associates vs MDs
Analysts don't put in nearly as much energy/consideration into these calls as you think. The reality is that they do this to "market the firm"...... i.e. get a 15-20 min break from modeling/ppt. Don't be afraid to follow up and be direct with your intentions (referall). Most of the time, they're zoned out while speaking to you. Don't interogatte/spam them with questions. Try your best to make it conversational.
You gotta be direct about these things. Hey, I’m really passionate about x y z things about your firm, it would be fantastic to intern there, I would love some advice on how to stand out and increase my chances.
Hey thanks a lot! I will say this when I'm about to close the conversation. Also people told me that you should try to figure out who's on the recruiting team and try to get their contact. How would one go about doing this because you don't know if the analyst you are speaking with is on recruiting?
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