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Reaching out to HR for status updates can be a delicate move, especially in competitive industries like banking and asset management. Here's what you need to know:

Investment Banking

  • Timing is Key: In banking, HR teams are often swamped, especially during recruiting seasons. Calling too soon or too frequently can come across as pushy. A good rule of thumb is to wait at least 1-2 weeks after your interview or application submission before following up.
  • Preferred Communication: Email is generally the preferred method for follow-ups in investment banking. It’s professional, less intrusive, and allows HR to respond at their convenience. A polite, concise email asking for an update is more effective than a call.
  • Networking Advantage: If you have a contact within the firm (e.g., someone you networked with), it’s often better to reach out to them for insights rather than directly contacting HR.

Asset Management

  • More Personal Approach: Asset management firms, especially smaller ones, may have a more personal and less rigid culture compared to investment banks. A well-timed call might be more acceptable here, but it’s still wise to start with an email.
  • Smaller HR Teams: These firms often have smaller HR teams, so your outreach might stand out more. However, this also means they may be juggling multiple roles, so patience is key.

General Tips for Both Industries

  1. Be Polite and Professional: Whether you call or email, always maintain a professional tone. Express gratitude for the opportunity and keep your message brief.
  2. Avoid Overdoing It: Following up once or twice is fine, but excessive outreach can hurt your chances.
  3. Leverage Networking: If you’ve built relationships within the firm, they can often provide updates or advocate on your behalf.

In summary, while calling HR is generally less common in investment banking due to the fast-paced and structured nature of the industry, it might be slightly more acceptable in asset management. However, starting with an email is almost always the safer and more professional route.

Sources: Want to get me on the phone? Here's how - a networking overview., Should I Report Him, PJT HR - Controversial Much?, I FUCKING HATE HR, Asset Management vs Investment Banking 101

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