Am I really doing things correctly?

Based on the most helpful WSO content, you're on the right track with your networking and tailored applications, but there are a few areas where you can refine your approach to improve your chances:

1. Networking Strategy:

   • Networking is crucial, and you're already making progress by lining up calls. However, aim to have at least 3-5 meaningful conversations per week with professionals in your target field. This includes alumni, industry professionals, and even people outside your immediate network.
   • Don't just focus on recruiters—reach out to analysts, associates, and even senior professionals at firms you're targeting. Building relationships with people who can vouch for you internally is often more effective than relying solely on HR.

2. Targeting Smaller Firms:

   • While applying to financial analyst roles is a good start, consider targeting smaller investment banks, boutique firms, or even corporate finance roles at mid-sized companies. These firms often have less structured recruiting processes and may be more open to candidates from non-target schools.
   • Reach out to every bank or PE shop in your area, no matter how small, and inquire about internships or entry-level roles. Even unpaid internships can be valuable resume builders.

3. Resume and Cover Letter:

   • Ensure your resume highlights any relevant experience, even if it's not directly in finance. For example, emphasize analytical skills, teamwork, and leadership from past roles or extracurricular activities.
   • Your cover letters should not only be customized but also demonstrate a clear understanding of the firm's business and how your skills align with their needs.

4. Skill Development:

   • Consider pursuing certifications like the CFA Level 1 or financial modeling courses to bolster your profile. These can help demonstrate your commitment to the field and make you stand out.
   • If you haven't already, join finance-related clubs or associations at your university to gain hands-on experience and expand your network.

5. Persistence and Patience:

   • Breaking into IB or PE from a mid-tier university is challenging, but persistence is key. Many successful professionals in the industry started with non-traditional paths, including roles in corporate banking, business brokerage, or even consulting before transitioning to IB or PE.
   • Keep refining your approach, learning from each rejection, and staying consistent with your efforts.

6. Leverage Your University Resources:

   • Utilize your university's career center, alumni network, and any finance-related events or workshops. Alumni from your school who are in the industry can be invaluable resources for advice and referrals.

Remember, the competition is fierce, but with a strategic approach and consistent effort, you can position yourself for success. Good luck!

Sources: Q&A: 3rd Year Hedge Fund Analyst, Ask CompBanker, Q&A: Investment Banking 3rd Year M&A Analyst, Accounting major, can't seem to break into IB, In Search of Wisdom