Re-recruiting for FT during summer internship

Hi all,

I will be interning at a LMM IB this summer in a tier 2 city (Boston/Chicago/SF). I want to re-recruit to NYC, ideally for EB/BB - where I had interviews for on-cycle SA recruiting but did not convert. I'm coming from a hyper-nontarget university and am very grateful for my current opportunity, but want to get to NYC by any means necessary.

Can anyone shed any light on the process of cold outreach, coffee chatting, networking, and potentially interviewing during my internship in a completely different city? 

7 Comments
 

To successfully re-recruit for a full-time role in NYC while interning in another city, here’s a structured approach based on the most helpful WSO content:

1. Cold Outreach and Networking

  • Target Alumni and Connections: Use LinkedIn to identify alumni from your university or professionals with a similar background who are currently working at NYC EBs/BBs. Alumni are often more receptive to outreach.
  • Personalized Cold Emails: Craft concise and polite emails. Introduce yourself, mention your current internship, and express your interest in learning about their experience at their firm. Attach your resume for reference.
  • Follow-Up Strategy: If you don’t hear back, send a follow-up email after a week. Limit follow-ups to three attempts to avoid being overly persistent.

2. Coffee Chats and Building Relationships

  • Plan Visits to NYC: If possible, schedule a trip to NYC during your internship. Use this opportunity to meet contacts in person for coffee chats. Offer to treat them and keep the conversation genuine and engaging.
  • Maintain Relationships: After initial meetings, stay in touch by updating your contacts on your progress. Share relevant articles or congratulate them on personal/professional milestones to keep the relationship warm.

3. Networking During the Internship

  • Leverage Your Current Network: Ask colleagues or mentors at your LMM IB if they have connections in NYC. They might be able to introduce you to professionals at EBs/BBs.
  • Track Your Efforts: Use an Excel sheet to log who you’ve contacted, when you last spoke, and any follow-up actions needed.

4. Timing and Strategy

  • Start Early: Begin your outreach as soon as possible. Many firms start their full-time recruiting processes during the summer.
  • Be Tactful: Avoid discussing your re-recruiting plans with colleagues at your current internship to maintain professionalism.

5. Interview Preparation

  • Mock Interviews: If you’ve built rapport with a contact, ask if they’d be willing to conduct a mock interview or provide feedback on your pitch.
  • Refine Your Story: Be ready to explain why you’re re-recruiting and how your current internship has prepared you for a role at an EB/BB.

6. Cold Calling Tips

  • Be Polite and Concise: When cold calling, briefly explain who you are, your current role, and your interest in their firm. Respect their time and avoid being overly aggressive.
  • Timing Matters: Avoid calling late on Fridays or during peak work hours. Early mornings or mid-afternoons are generally better.

By combining these strategies, you can maximize your chances of transitioning to NYC for a full-time role. Remember, persistence and genuine relationship-building are key!

Sources: The Best Networking, Cold Calling and Cold Emailing Posts on WSO, The Best Networking, Cold Calling and Cold Emailing Posts on WSO, 7 Tips for the Boutique IB Summer Stint, How to Network and Tips on Networking

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

dont rly know if ur joking, but how would u say re-recruiting prospects change if ur starting in NYC but still at a LMM/MM firm

 

Still the same if you're at a hypernontarget. Of course if you have personal connections to better firms you could do better than KeyBanc.

 

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