I've spoken with a couple of banks now and had ok to great responses from some of them. Some people have said that they will either keep me in mind for recruiting, or will pass my resume on to HR or the people who are in charge or SA recruiting. My question is when do you stop? I have the initial in, my resume isn't amazing, 3.5 top pub, 1 freshman ib experience, but with the boost of someone pulling for me, I think I can make the interview cut. Would it be worth my time to keep networking with the banks?
Edit: I've also exhausted my supply of alums at some of the smaller banks as well, and I don't have any more referrals incoming. Do I just email new people as well?
Never stop networking! As an innovative, social-change oriented disruptor of multiple, disparate fields with endless synergies of resources and human capital - I have networked my way to the top. I did not become a CEO and entrepreneur of my own business by letting value-adding, enriching connections slip by me. ABN - Always Be Networking!(TM Pending, All Rights Reserve)
I think you think this is funny, but it really isn't. Please stop.
Okay - who the fuck through the Monkey Shit? Seriously? Instead of saying it to my face, like a man, you're going to go behind my back and defame and libel my reputation on a professional network? My litigators will love this one!
Never – work your way up until you get Jamie Dimon on the phone.
I get that, but realistically, I have only a month left to do these types of info interviews, and I started late. I don't want to spend time on banks that will already interview me, and I'd rather move on to other banks. Is this a reasonable position?
Another question: I also have a problem setting up further info interviews with most places. We end up talking about what I want to do for the summer towards the end of the call, and obviously I say I'd like to intern at X bank, and we talk about that for a while. After talking about that, it feels weird asking for more info interviews. Is this fine?
bump
To answer your question, don't stop networking. Stay top of mind. Recruiting teams want to know that you are speaking with as many people as possible. You have already spoken to people at these banks, don't let that effort go to waste. Make sure that when your resume comes up during resume review, everyone says "oh yeah, I spoke to lakebeachadvisors." To get more people to speak to, at the end of calls, express further interest in the bank. For example, if you are speaking with someone in financial sponsors, say something along the lines of "I would love to learn more about the consumer group at your bank. Is there someone you can recommend I speak to?" Or "I would love to learn more about your group from an associate/VP/Director's perspective (obviously say only one of the positions). Is there someone you can recommend I speak to?" Literally spoke to over 150 people using this technique when I was going through recruiting several years ago.
When to stop - Okay to email alum in IB multiple times? (Originally Posted: 08/24/2009)
Is it ok to e-mail alum in IB multiple times if they haven't responded to your previous e-mail(s)? If so how should I go about saying the same thing even though they may have read my previous e-mail. I know that people in this industry are very busy and have more important things on their minds than to e-mail some college kid whom they know just wants a job, so I figure that perhaps they either forgot or just didn't have time to respond. Any thoughts are greatly appreciated.
I'd say wait at least a couple of weeks in between efforts.
I had this problem recently with a former colleague of mine. I tried like half a dozen times before finally speaking to him. I would say try 3 times before giving up.
No downside to pinging him again. Persistence is rewarded.
I hate it when they do that. I would put in a phone call to show you're serious (if you are) and not just some shmuck trying to squeeze favors from an alumni.
Also...are you sure that email address is still active? There have been a hell lot of lay offs in IB...you know that.
You might want to use some strategy and send the email at like 4 or 5 in the morning. I have done this for most of my unsolicited contact emails and almost always get a response (although I haven't been offered a gig). Truthfully I don't know if it really matters, but I figure it is most likely the very first email they see when they sit down and will be more likely to respond seeing how they probably aren't swamped just yet.
As for your actual question...it's like asking that super hot chick to prom. If you don't ask you certainly are not going to be able to take her...at least if you keep trying you have a chance. Also, I was recently told by a MD from a boutique/MM firm to be "politely persistent" so you have it from the horse's mouth. Good luck.
Regards
Downside is their blackberry goes off and they're pissed at the douche who woke them up at 5 AM with a networking email...
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