Struggling to Network for Full-Time IB Recruiting

Currently wrapping up my junior year at a semi/mid-target. I only realized I wanted to get into finance towards the end of last school year, which had meant most banks were done recruiting for IB 2024 SA. I was able to secure a capital markets internship for this coming summer at a large balance-sheet bank this summer, but I'm hoping to re-recruit for full-time to work in a more traditional IBD team (industry coverage, M&A, etc). 

However, I've had little to no luck as far as cold outreach through email and LinkedIn. Going back to when I started outreach in early April, I've sent out around 2500 emails so far, have gotten only 4 responses, and have been able to get on the phone with 3 of them. I've gotten zero responses from school alumni. I've looked at a very wide range of banks, locations, and IB teams at these banks. I was able to get a decent amount of traction last spring when I was going through the application process for places that still had their IB applications open a bit later, so I thought I at least had an idea of how I should be approaching this, and have some gotten help from my friends who are in the selective finance clubs at my school (I'm not a part of any of these, since they finish their recruiting after sophomore fall/freshman spring). 

What could I potentially be doing wrong that has led me to get such a low response rate from my attempts to network? There aren't any great resources at my school for how to go through the full-time IB process since all of it is geared toward sophomores recruiting for their SA the next year. Any general advice as far as how to network for the full-time process, or just the process in general, would be much appreciated. 

6 Comments
 

Your email template must be fucking horrendous. Alumni will anwser 50 percent and others 10. Not fucking 4 out of 2500

 

Do you have any recommendations for email templates I should use? I've been using the general one that they advise for my school's investment banking club, but clearly, that must not be working. 

 

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