networking for FT roles (London)
hi all!
lurker here, wanted some advice on FT networking in London specifically.
im entering an off-cycle in Jan for 5-6 months, there is a decent chance I'll be able to convert to FT but I'd like to have backups/aim higher for BBs/EBs.
does anyone have advice on networking for such roles starting July/Aug? im aware that networking isnt common in London for graduate roles since HR has more power, but keen on trying to bag any spots opened up by analysts leaving.
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I got rejected from the application stage with a CEO/President level referral at an EB. Of course, first question I was asked was how I know the guy and once they knew I was non-nepo, attitude changed instantly. I did not even get a first-round.
HR has unbelievable power and for no reason.
Networking is useless except for smaller banks.
Don’t wanna give details, pretty specific incident. But spontaneous kinda.
did you ask the individual to refer you or directly put your resume in/set up interviews? feel like referrals carry little weight in LDN anyway unless nepo
No, I just had a convo, he knew I was interested so he brought it up himself.
US HR reached out first but can’t work there without the lottery. Then London HR did and then they just said to apply once apps are out. And then didn’t get any interview after apps.
Applied cold and ended up at an EB. Got the impression HR was running the show the entire process
FT? is hiring at your EB always cold or have there been successful referrals/people who've networked in?
thanks
Dont know a single EB in London where referrals got ppl in. Many of them straight up outsource it to HHs.
Take this with a strong pinch of salt:
a handful of London-based EBs will allow FT conversions for certain verticals where there is strong deal flow but little in terms of boots on the ground e.g. RX / Infra / O&G etc.
I can say this because one of my colleagues attended a graduate event, told an AN3 how much he enjoyed working in O&G and received a call a week later about an O&G FT position (he had graduated and was taking his time off) and converted the process successfully owing to his strong technicals.
However, while this is possible, it is 95% unlikely to work for the majority of verticals at EBs and BBs and I stress this heavily as HR does indeed have the majority of the control.
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