Networking

1. How many calls per bank is considered a good amount?
   Based on the most helpful WSO content, talking to 4-5 analysts at a single bank is a solid start. However, to maximize your chances, you should aim to move up the chain. After analysts, try to connect with associates, VPs, and even MDs if possible. Higher-level professionals often have more influence in pushing your resume forward. Stop when you feel you’ve built strong rapport with multiple people across different levels and have a clear advocate within the bank.

2. What is the expected outcome of networking?
   The goal of networking is to secure a first-round interview or a direct referral to a HireVue. Networking doesn’t guarantee an interview, but it significantly increases your chances. Many WSO threads emphasize that networking can also help you stand out during interviews, as you’ll have insider knowledge about the group and culture.

3. Is it fine to send emails after 5 PM?
   Yes, it’s fine to send emails after 5 PM, especially to analysts. According to WSO insights, analysts are often working late and may be more responsive during downtime while waiting for comments. However, avoid sending emails too late at night (e.g., after 10 PM), as it might come across as unprofessional.

4. Tips/examples for asking good questions on calls:
   You’re on the right track with your current questions. To take it further:

   • Ask about specific deals they’ve worked on and what made them unique or challenging.
   • Inquire about the skills they believe are most critical for success in their group.
   • Seek advice on how they navigated their own recruiting process, especially if they came from a non-target background.
   • If they’ve been at the bank for a while, ask about how the culture has evolved over time.

5. Tips for improving email response rate:

   • Personalize your emails by referencing something specific about their background (e.g., school, career path, or deals they’ve worked on).
   • Keep your emails concise and to the point. Avoid overly generic language.
   • Follow up if you don’t hear back after a week. WSO threads suggest sending up to three follow-ups before moving on.
   • Target alumni or professionals with non-traditional backgrounds, as they’re often more empathetic to your situation.

6. Insight into growth/PE recruiting:
   Growth equity and PE recruiting are typically more relationship-driven and less structured than IB recruiting. Networking is still critical, but you’ll also need to demonstrate a strong understanding of the investment process and industry trends. Focus on:

   • Building relationships with associates and principals at target firms.
   • Highlighting relevant experience, such as financial modeling or deal exposure.
   • Preparing for case studies and technical interviews, as these are common in PE processes.

Your approach seems solid, and the fact that you’re building casual relationships with analysts and associates is a great sign. Keep refining your strategy, and don’t hesitate to leverage those relationships to get introductions to more senior professionals. Good luck!

Sources: https://www.wallstreetoasis.com/forum/job-search/my-2-cents-on-sa-recruiting-from-a-non-target-background?customgpt=1, https://www.wallstreetoasis.com/forum/investment-banking/non-target-to-bb-ib-sa?customgpt=1, You want a summer analyst offer? Here's how..., Non-target to BB IB SA, Want to get me on the phone? Here's how - a networking overview.