How do I properly nepo a full time investment banking position?
My father is a C-Suite employee of a company that is a client of an EB (think EVR LAZ MC). It is currently a portco of a megafund (think KKR, BX, CG) in the process of exiting. How do I build connections on the sell-side process?
For context, I am a second year student from a barely semi-target, Econ & finance major, 3.9+ GPA, 2 direct relevant internships under my belt. My family does not come from a finance background, they are grounded in tech and medicine, so I am unaware of traditional nepotism channels.
dawg have ur dad call up the md whose worked with him and say my son needs an internship
Try talking to your dad
“Dad do you know any investment bankers that may be able to help me out?”
Have your dad give your resume to HR of firms you want to go to and ask senior people for "advice for my son who wants to break into the business"
senior people might respond by asking for your info and offer to connect you with the juniors on the team
Sounds like you come from a smart family so that always helps. This should not be that hard. Simply say, Dad, I know you're working with some investment bankers and PE funds. That's what I'd like to do after school. Could you please introduce me to a few people who'd be willing to have a call, lunch or coffee? They will likely say "yes" to him, more likely if he's CEO/CFO as the CMO/CTO/etc. are likely less involved.
In middle school I had an interest in finance because my dad talked about it a lot as we discussed his work, which was warehousing/logistics and farming. He had capital needs in both so he cared about finance. We talked about it a lot so I thought it was cool.
One of his best friends ran his own fund/brokerage (what he did isn't really a thing now) in our small town in Illinois, somewhere between PWM and a prop trader. He was an old school CBOT guy who was awesome.
I'd go over to his office on Saturdays after basketball and spend a few hours with him, and he taught me so much, plus he was a legend...no kids/wife so he was always going on adventure trips to heli ski, fish in Norway or climb Aconcagua or whatever, and he had a RUF Porsche (I'm a big car guy and always was)...we were in a very poor part of the country so he was a complete unicorn. There was never an ask other than my young kid thinks this is cool and looks up to you, and he took it and ran in a way that still impacts my life today. He didn't get me a job or anything like that, but he made a huge impact as the first true finance person I ever met.
He unfortunately died of a brain tumor my junior year of high school and willed me all of his ski gear, some of it is still in the rotation (gaper days)! He tried to give my dad the car, but my mom knew the guy always let me drive it (took it to homecoming sophomore year!) so she somehow shut it down. I have no idea where it ended up, but it would be worth $1-2M now...my mom was never cool.
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