Having Trouble Getting Interviews/Seeking Help
Hey everyone,
I've been having some trouble with recruiting so far. Been rejected from a few places or haven't heard back as others have gotten first rounds. Wanted to hear some advice from people.
For context, white male at a lower ivy with a 4.0 GPA, search fund and VC internships with 2 relevant extracurricular clubs, leadership in one.
Had 40+ networking calls so far, but many have been with people who aren't school alums. I'm pretty good on the phone, but the non alums haven't been able to help me as far as recruiting since school team runs it.
I've reached out to all of the alumni I can find, but haven't gotten more than 10 responses ever since apps opened up.
Do I not have enough experience? Should I just send more cold emails? Looking for ways to improve. I know I can do great in an interview, but I need to get one first.
Also, if anyone can recommend some solid MM shops that haven't opened yet I'd appreciate it. Looking to apply to more places.
Based on the most helpful WSO content, here are some actionable steps to improve your recruiting efforts:
Leverage Alumni More Effectively: Alumni are often the most effective networking resource. If you're not getting responses, try refining your outreach. Personalize your emails by referencing their background or something specific about their firm. Keep it concise and professional. If you’ve already reached out, consider following up politely after a few weeks.
Expand Your Networking Pool: While alumni are key, don’t limit yourself. Network across all levels, including analysts and associates, as they are often involved in recruiting. Additionally, consider reaching out to professionals in allied fields (e.g., accounting, law) who might have connections to bankers or firms.
Get Creative with Networking: If alumni responses are low, think outside the box. For example, connect with professionals who may not be directly in banking but have ties to the industry (e.g., M&A tax professionals, consultants, or even audit partners). Always ask for referrals during your conversations.
Refine Your Cold Email Strategy: If you’re sending cold emails, ensure they are tailored and impactful. Highlight your 4.0 GPA, relevant internships, and leadership roles. Keep the email short, and always end with a clear call to action, like asking for a 15-20 minute call to learn about their experience.
Target Middle Market (MM) Firms: Many MM firms recruit later in the cycle. Some solid MM shops to consider include William Blair, Houlihan Lokey, Baird, and Piper Sandler. Keep an eye on their openings and apply as soon as they post.
Broaden Your Application Scope: If you’re not getting traction with your current list, consider applying to boutiques or regional firms. These firms often have less structured recruiting processes and may value your strong academic and extracurricular background.
Follow Up Strategically: After networking calls, always send a thank-you note referencing something specific from the conversation. Plan to keep in touch every 3-4 months with updates on your progress or achievements.
Prepare for Interviews: Since you’re confident in your interview skills, make sure you’re ready to discuss recent deals, trends, and technicals. Research the firms you’re targeting and be prepared to discuss their specific transactions.
Utilize Career Fairs and Conferences: Attend events like NABA, ALPFA, or ASCEND career fairs. These can be great for landing entry-level positions and expanding your network.
Stay Persistent: Recruiting is a numbers game. Keep reaching out, refining your approach, and applying to more firms. Even if most efforts don’t yield results, you only need one opportunity to break through.
For more insights, check out this WSO thread: https://www.wallstreetoasis.com/forum/investment-banking/some-thoughts-…</a">Some Thoughts on Networking. It offers valuable advice on networking creatively and effectively. Good luck!
Sources: Non-Target Recruiting Guide Part I: Resume and Networking, Q&A: From Corporate Finance to Corporate Strategy (Supply), Some Thoughts on Networking, Some Thoughts on Networking, Black Jack's Recruiting Advice
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