Is it just me or is it impossible to get people to reply to inquiry / coffee chat emails now?? Not even just asking for a job, just emailing to learn more about what they do and how they got there if they are an employee OR wanting to learn about the recruiting process and specific groups or opportunities if they are recruiters. I have several years of front office finance experience and can't even get a reply on linkedIn or email.
During COVID and early post-COVID when I was a new grad I was having 5+ calls a week, some for just knowledge and some for actual recruiting. Relationships that I have loosely still maintained...
I have a belief that the underlying economic sentiment is so poor and also there are so many bots (both AI bots and human NPCs) that it is not even worth the time or effort to dig through the clutter and do more than the bare minimum expectations of your job for the sake of building the esoteric aspects of the industry like networking and creating non-transactional relationships. I am completely bewildered at the state of the finance world.
Truly cannot imagine being a recruiting senior if this is what the hiring environment is
When every human under 35 with a pulse and an internet connection has been served an ad about breaking into Investment Banking/Private Equity/Hedge Funds/Quant Firms can search you up on LinkedIn and brute force your company's email format, suddenly there's a lot less to differentiate at face value between genuine interest from competent people and any finbro wannabe with a YouTube account and $20 AI subscription for writing outreach. The quality standards have never so high with the requisite bar for showing "interest" being so low. I haven't been in PE for almost 2 years now but it was getting bad back then so I can only imagine what it's like now. It got to where I blocked 90%+ of inbound based purely on recruiting/coffee chat keywords because it would've been so cumbersome to try and politely answer each person. I would bet a lot of founders/business owners have more or less started doing the same because open rates for even the most painfully, personally crafted emails are down double digits in the last 18mos.
The irony about all this technology lowering the bar is I think it's going to make this industry more closed off than it has been for the last 20+ years. You'll have to get intros through mutual contacts or meet people in-person at designated networking events to really make headway beyond pure luck of the draw. Whether that's good or bad is up for debate, but it is what it is.
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