Is it a waste of time in this case?

Based on the most helpful WSO content, here are some insights and advice that might help you:

1. Networking:

   • Importance: Networking is crucial. Even if it feels like a waste of time, it can significantly increase your chances of landing a job. Many users have shared that networking helped them secure interviews and job offers.
   • Persistence: It's a numbers game. You might face many rejections, but even one successful connection can make a difference. Keep track of your networking efforts and follow up with those who were helpful.
   • Strategies: Utilize cold emails, LinkedIn messages, and coffee meet-ups. Tailor your approach to each individual and try to build genuine relationships.

2. Studying for the CFA:

   • Value: Studying for the CFA can be beneficial. It shows dedication and can help you stand out, especially if you are aiming for roles in investment banking or private equity.
   • Complementary Efforts: While studying for the CFA, continue to network and apply for jobs. This will keep you mentally sharp and disciplined.

3. Career Path:

   • Long-Term Perspective: Breaking into IB/PE can be challenging and may take time. However, many have successfully transitioned into these fields through persistence and strategic networking.
   • Alternative Paths: Consider gaining more experience through internships or roles in related fields. This can help build your resume and make you a more attractive candidate for IB/PE roles in the future.

4. Mental Health:

   • Balance: Ensure you maintain a balance between your job search, studies, and personal well-being. It's important to stay motivated and not get discouraged by rejections.

In summary, while the journey might be tough, networking and studying for the CFA are not wastes of time. They are valuable steps that can help you break into the industry. Keep pushing forward, and don't hesitate to seek advice and support from your network.

Sources: Don't Throw Away Your Shot - Networking with Senior Professionals as an MBA, Graduating without a job offer, Networking is over-rated/not-need for finding corporate jobs. My experience!, Help me I'm (mentally) dying, Networking in (mostly Continental) Europe, an experience