So I'm not sure whether people do this or not, or whether they literally send one email at a time, but apparently if you BCC all the emails you want to email with a generic cold email (requesting a phone call or whatever), the recipients will see it as if they are the only ones to receive it.
Not sure if I'm correct here, but would you recommend against doing this and why?
It would make life a whole lot easier if we could mass email.
Taking the easy way out ensures that you will get nothing and advance nowhere. Send each one individually alone with specific info in the email to let them know you did at least some research about the position, firm prior to sending them an email.
This is how you do it: http://dealbreaker.com/2011/09/what-wall-street-can-learn-from-one-penn…
yeah even though they don't see the other recipients one can usually tell when they've been included in a group/generic email. putting their name in it and tailoring it to them yes takes a lot more time but worth it in the long run. Find other ways to make things efficient, ie copy/paste sections of the email that can fit a wider audience, bulk load-up compose email pages, have an auto-signature at the bottom, hire a VA to do it (not joking). etc etc etc
Don't do it...
Bcc= Blind carbon copy... thats what its there for.
Shouldn't' do it. When I cold-email/message, I usually do it to alums. I personalize every message; people can tell pretty easily if your message is generic.
How are you going to address it? It will be so obvious that you sent it to a lot of people if you address it with "Dear Sir or Madam." Better spend the extra 10 minutes and send each one separately
I would address it with "Yo".
I think you've just discovered spam! If you do this, I'd imagine some of the emails will wind up in the junk folder or possibly blocked by the mail server.
I've done this before when I didn't have any internships lined up for the summer. I can't really recommend this b/c my response/mailing ratio was about 1 out of every 50+ firms contacted. Realize you're playing a numbers game and there's a lot that can go wrong (spam folder/recipient gets pissed @ your blanket email)…if you have time I'd compile a solid list of 20 banks, doing research on each one and then send a personalized email, mail in cv & cover letter, then follow up with a phone call.
Mass Mail/Email Firms for Full-Time Positions (Originally Posted: 07/30/2009)
Hello Everyone:
I apologize if this has been posted prior but I tried the search button and nothing particularly on point came up from my search.
I am finishing my final year of law school this June and have assembled a list of investment banks to which I will request an interview for a full-time position (after graduation). I have some questions I was hoping I could get some feedback from you guys on:
I'd appreciate anyone's advice on these three questions. I apologize if they seem like dumb questions to you all, as I know you are all more informed and aware of the IB world than me. I appreciate your advice; thanks in advance!
Why Investment Banking? Just Curious...
Also, you should look to MM boutiques that specialize in industries that require alot of legal work, (restructuring, chemicals, distressed debt).
By sending letters/emails, I am assuming that you are planning more than just dropping the resume in the online drop box. If that is the case, I would recommend getting started September or so. Take the time in the interim to make sure your resume is on point, draft the cover letters, and see if you can make any other contacts whether UGrad or through law school that have pursued banking.
To your second question, I would go with the email route, but either way, I would not send a "mass" anything. Perhaps we just have two different associations for the word, but I am assuming a stock letter sent to everyone is what you meant. If that is the case, I would advise against that, and instead, craft each letter based on your contact and the bank. Sell your interest in working for the bank as much as you sell yourself, especially if you deal with MMs (which, I agree with the previous poster on, you should definitely consider MMs or at least some of the more reputable ones).
Regarding your third question, I would not make any mention of your willing to accept a 2nd or 3rd year analyst position. 1) it won't help you and probably won't be entertained, and 2) you will be at even more of a disadvantage if you start as a 2nd or 3rd year, as they already have 1-2 solid years of banking experience plus training, you will have neither. You are much better off coming in on even footing, getting the training, etc, and starting as the other associates start who come from B school. Try to sell your law school experience and site relevant classes/experiences from your time there whether interning, or from the program.
IBanker www.BankonBanking.com [email protected] Articles, News, Advice and More Break Into Investment Banking
Guys, thanks for the responses.
MoneyKingdom, since undergrad, I have had a interest in law and IB. I originally wanted to pursue M&A law but, as my time in law school has wore on, I have become more interested in the actual deal-making/financial aspects of M&A. Plus, even if I do pursue M&A law down the road, I figured experience at an IB would be looked upon favorably. I am interested in your statement that I should look into "MM boutiques that specialize in industries that require alot of legal work, (restructuring, chemicals, distressed debt)." Could you explain this more, if you wouldn't mind?
BankOn: What did you mean by "I am assuming that you are planning more than just dropping the resume in the online drop box"? I planned on emailing many IBs my resume and cover letter. When I said "Mass Mail," I didn't mean I was going to send a generic cover letter to all. I was going to try to tailor each letter and express my interest in that bank. Though, I must admit, each cover letter would not be drastically different because, from what I have read, cover letters are usually short and quickly browsed through or not even read at all. Thanks for your advice about which position to express my interest in.
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