Elite Boutique Recruitment in a Non-Target

Ah, the classic tale of aiming for the stars from a place where the sky seems a bit clouded. First off, let me say, your ambition is commendable! Now, let's break down your situation based on the most helpful WSO content and see how we can strategize your path to the elite boutiques like Evercore or Centerview Partners (CVP).

1. Networking is Key: You've already started on this path, which is great. The truth is, networking is even more crucial for someone from a non-target school. You mentioned that none of the alums you reached out to work at elite boutiques or have connections there. That's okay. Networking is not just about reaching out to alums but also about expanding your circle in creative ways. Consider attending industry conferences, joining finance-related clubs or societies that might offer networking opportunities, and utilizing platforms like LinkedIn to connect with professionals at your target firms. Remember, it's about quality, not just quantity. A meaningful conversation with one person at Evercore or CVP can be more valuable than 50 superficial LinkedIn connections.

2. Leverage Other Internships: If direct entry into an elite boutique seems challenging initially, aim for internships at smaller boutiques or related fields. These experiences can be incredibly valuable stepping stones. They not only enhance your resume but also help you build a narrative that showcases your passion and commitment to investment banking. Plus, they can expand your professional network in unexpected ways.

3. Skill Up and Stand Out: Elite boutiques are looking for candidates who can bring something unique to the table. This could be exceptional analytical skills, a knack for financial modeling, or even a deep understanding of a particular industry. Consider taking online courses (WSO has some great ones on financial modeling and valuation) to sharpen your skills. Participate in case competitions, write financial analysis blogs, or start a finance club at your school. Anything that can make your application stand out.

4. Cold Emailing/Cold Calling: While you've noted a concern about not having connections, don't underestimate the power of a well-crafted cold email or call. Research and reach out to professionals at your target firms. Be concise, express your admiration for their work, and politely ask for a brief chat to learn from their experiences. It's a numbers game, and persistence pays off.

5. Consider Transferring: This might seem like a drastic step, but if you're truly set on breaking into an elite boutique and feel your current school is a significant barrier, transferring to a target school could be an option worth exploring. It's not the right path for everyone, but it has been a successful strategy for some.

Remember, the path to elite boutiques is not linear, especially coming from a non-target school. It requires persistence, creativity, and a bit of luck. But it's not impossible. Keep building your resume, networking smartly, and most importantly, maintain your passion for investment banking. That passion will be your biggest motivator and, eventually, your key to opening doors. Keep swinging, and don't lose hope!

Sources: 2019 Investment Banking Full Time Recruiting - Do I Have a Chance?, Why can't I even get any interviews?, How to say I have connections?, Which Banks Recruit Outside of Their Intern Classes? (Or Take Off-Cycle Analysts), Q&A:Commercial Banking SVP Ask Me Anything