How important is networking in the selection process in banking?

As the question says, I would like to know how important it is to do all the usual stuff to nerwork in your undergrad years to land an internship ( like cold emails, cold calls etc.) I am currently studying at a target uni and am quite uncomfortable with reaching out to unknown people just to get recommendations(and the whole procedure is really time-consuming with few favorable outcomes). Is it possible to land an internship with a good candidate profile or the networking process is fundamental? Thank you

3 Comments
 

Thank you for your help, btw yeah I'm from EU. So you would say it is useless to do these things in the EU? Im asking because I think we have a quite different culture from americans about networking, so stuff like cold emailing wouldnt work so well.

Alez
 

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