Anyone know if I should already start networking for group placement? I know formal group placement starts in March/April and RBC will send out contacts then, but do people typically try earlier?
| +224 | Return Rates For Interns Are Falling? | 92 | 7m |
| +129 | UBS Americas IB: The Kids’ Table of Wall Street | 17 | 2h |
| +107 | I am a drunk MD AMA | 39 | 5h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 1d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 3d |
| +50 | UBS Offer Day | 18 | 21h |
| +49 | SharePoint makes IB hours HELL | 15 | 3d |
| +36 | WF Return offers | 23 | 11m |
| +30 | Weird Majors->IB ? | 24 | 7h |
| +29 | No return offer - feeling like a failure is an understatement | 13 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, it's generally a good idea to start networking early, but with a strategic approach. While RBC's formal group placement process begins in March/April, many candidates start reaching out to analysts and associates in their preferred groups beforehand to build rapport and gain insights. Here's how you can approach it:
Start Networking Early but Subtly: Reaching out now can help you stand out when the formal process begins. Focus on building genuine connections rather than explicitly discussing group placement. Ask about their experiences, the group's culture, and any advice they might have for a successful internship.
Leverage Alumni and Mutual Connections: If you have alumni or mutual connections in your target groups, prioritize reaching out to them. They are more likely to respond and provide valuable insights.
Avoid Overstepping: While early networking is beneficial, avoid coming across as overly aggressive or desperate. Keep your conversations professional and focused on learning rather than directly asking for placement favors.
Be Prepared: Before reaching out, ensure you are polished and have a clear understanding of your goals. Know your behaviorals and have thoughtful questions ready to make a strong impression.
Timing Matters: If you're unsure about starting now, you can wait until closer to the formal process (e.g., January/February). This ensures your outreach aligns more closely with the timeline and doesn't seem premature.
Networking early can give you an edge, but the key is to approach it tactfully and professionally. Good luck!
Sources: Q&A: Recent graduate starting at MBB soon, When to start networking for FT ‘25, Advice for Networking Calls for SA Recruiting, Non-target/diversity > MM SA > BB FT > MF PE, Group Placement for SA 2022
Omnis soluta dicta consequatur recusandae sed consectetur distinctio. Enim ut unde aut atque est commodi dolores. Repellendus porro hic dolorem autem ipsam. Aliquid placeat deleniti saepe ipsum aut.
Sunt et labore est qui sit enim. Qui ullam dolore tempore minima nam quas corporis similique. Non voluptates atque praesentium autem excepturi perspiciatis. Eos quia ea iste dolor dolores tempore. Tempore praesentium voluptatibus laudantium inventore architecto. Porro et laboriosam voluptas. Alias qui beatae autem voluptas dolor iste.
Ut aut optio repellendus atque. Et nesciunt dolor dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...