Hello all,
I sent out about 15 emails today and still have not gotten any responses. Is there something I am doing wrong? I showed my email format to someone with an IB Internship and he said it was fine. Don't know what to do.
| +3,718 | Bank of America - Juniors Strike to start Monday May 6th | 403 | 2m | |
| +803 | BOFA ALREADY TRYING TO COVER UP THEIR TRACKS | 79 | 8h | |
| +529 | This is a dark day for Wall Street. | 42 | 4h | |
| +332 | BofA Associate Death - WSJ, FT, CNBC, Bloomberg | 34 | 3m | |
| +182 | Analyst at Bofa FIG-Thoughts | 28 | 8h | |
| +180 | How to strike without being fired. | 21 | 2h | |
| +169 | Big Layoff at Barclays - 5/1/24 | 88 | 16h | |
| +137 | Hey WSJ, BBG, CNBC, FT, it's been more than 72 hours that this BofA IBD Associate was reported dead | 17 | 15m | |
| +131 | BofA List | 33 | 2s | |
| +124 | Shame on you, BofA. But also, the industry needs to change. | 17 | 5h |
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I would give any external emails you send to professionals up to a 48 hour turnaround
You can’t just expect responses from 15 emails. This is a numbers game - you should be sending out hundreds
Did you have a connection to the people you messaged, or were they all randos?
I have a loose connection to most as they are either from my university or come from the same ethnic background.
Same ethnic background..lol
"Hello fellow white American with Anglo Saxon ethnicity from Europe mixed with random other euro countries over hundreds of years. Care to talk to me about your IB experience at your current firm?"
How about LinkedIn?
I’ve found LinkedIn these days to be more effective for recruiting since FT analysts and associates are likely already on there daily looking for exit opps
Their goal is pretty much the same as yours on there - finding a new job opportunity, so they’d be more likely to respond than on their work email where they probably get hundreds of emails every day from the regular job
when you message someone on Linkedin whom you aren't connected with, do they receive your message?
I have wondered that too. If so, wouldn’t one send a LinkedIn request first, and then send a message after?
Or one could send a short message along with a LinkedIn request, just remembered that people do that too
1. You can't expect an email back the same day.
2. "Sent out 15 emails" screams generic templates. How much research did you do on the individual and did you personalize the emails? When I was in school, I used to research ~10 mins before emailing a junior and ~1 hour to a day before emailing a global head / senior leadership. Did not even email 15 people in a week, maybe 8-10 max, but got responses ~70% of the time.
Everyone plays the numbers game with low accuracy and hundreds of emails. In my experience, high accuracy with tens of well-crafted emails have done the trick. Most calls converted in a referral.
Thank you for the advice. Can you walk me through your process? I feel like there's only so much information to go off of on their LinkedIn. I try my best to tailor my messages as most of the people I'm emailing are from my college, fraternity or are of the same ethnicity as me.
Any tips on crafting the emails? especially for senior people
pump those rookie numbers up. expect 20% response rates after 3 days of being sent. dont take it personally. we get several of these a week and are busy with deals and pitches
make sure there are no typos in your email and no mistakes
why would you expect busy people (whom you dont know) to be at your service within the day of an email?
It's mid January which is late to start networking. This means you are one of 10+ emails these people get every.single.day
You need to raise your numbers. I assume you are already talking to alums, but most people have a response rate around 10% or under. It gets lower this late in the networking season.
Send 10x that amount and then come back if no one has replied to you within a week of sending.
Why should I respond? I've never met you. You don't know anyone in my network.
Tired of kids thinking ib networking is just blasting emails at random people they have never met and expecting them to engage.
I delete all emails like yours unless we know each other or you know my friends/family.
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