When to reach out for group placement?
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Based on the most helpful WSO content, it's generally a good idea to start networking for group placement a few months before the official placement process begins. For mid-tier bulge bracket banks like BofA, Citi, or Barclays, the timeline can vary slightly, but here are some key points to consider:
Start Early but Not Too Early: Networking too early (e.g., right after accepting your offer) might come across as over-eager. A good time to begin is around January-February, as this aligns with when many banks start preparing for group placements. This gives you enough time to build relationships without seeming too pushy.
Focus on Building Relationships: Use this time to connect with analysts and associates in groups you're interested in. Reach out for informational calls or coffee chats to learn about their experiences, group culture, and deal flow. Avoid directly asking about placement or workload too early, as it might come off as transactional.
Maintain Consistent Contact: Once you've established initial connections, keep in touch periodically. This ensures you're on their radar when placement discussions begin.
Avoid Asking About "Sweatiness" or Offer Rates: As highlighted in WSO threads, these questions can leave a negative impression. Instead, focus on understanding the group's work, recent deals, and team dynamics.
Timing is Key: Placement typically happens closer to the internship start date, so ramp up your networking efforts as the process approaches. This ensures you're fresh in the minds of decision-makers.
By starting in January-February and focusing on genuine relationship-building, you'll position yourself well for a favorable group placement. Good luck!
Sources: Questions to ask during group placement networking calls, Bulge Bracket and Elite Boutique Tiers, My FT Recruiting Process, Group Placement for SA 2022, Bulge Bracket and Elite Boutique Tiers
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