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?

5 Comments
 

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:

  1. Follow-ups and Introductions:

    • If analysts are consistently introducing you to other team members or colleagues, it’s a positive sign.
    • Receiving follow-up emails or LinkedIn connections from the people you’ve spoken with indicates interest and engagement.
  2. Quality of Conversations:

    • While some conversations may be dry or awkward, having a few great ones is a good indicator. Quality over quantity matters.
    • If the conversations are becoming more in-depth and personal, it shows that you’re building a rapport.
  3. Invitations to Events or Further Discussions:

    • Being invited to networking events, coffee chats, or further discussions is a strong indicator of successful networking.

Tips to Enhance Networking Success:

  1. Maintain Relationships:

    • Send a quick note every few months updating them on your achievements or progress. For example:
      • "Placed top bracket in a finance competition."
      • "Invited to an event for a specific bank."
      • "Voted to a leadership position within your school’s finance club."
  2. Refer Back to Previous Conversations:

    • Mention topics you discussed in previous conversations to show that you remember and value their advice.
  3. Ask for Specific Advice:

    • Instead of just asking to be connected with other analysts, ask for specific advice or insights about the industry or their experiences. This can lead to more meaningful conversations.
  4. Be Genuine and Show Gratitude:

    • Always thank them for their time and insights. A genuine expression of gratitude can leave a lasting impression.
  5. Leverage Alumni Networks:

    • Utilize your school’s alumni network to find common ground and build connections. Alumni are often more willing to help fellow graduates.

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

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

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. 

 

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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