How To Keep In Touch with Bankers?
Hi. I have a few years of experience in IB at a mid-tier BB. I am looking to return to banking after a stint elsewhere and had some introductory calls with MDs / VPs (cold emails) at a couple of elite boutiques. These calls happened towards end of Q1 this year before the corona thing blew up. The calls had gone well and they had told me that that they would get in touch with me if anything changes from a staffing perspective and I should keep in touch. Now in my experience, one has to take a proactive approach to this. How can I keep in touch with these guys - when should I email them next and how should I phrase my question re staffing/recruitment? When I go on these firm's website I see some of the deals that they may have worked on but it's not clear if they did or whether it was their regional team mates. Should I congratulate them on the deals and then ask hey have recruiting needs changed? Trying to see what's the best approach. I'm going to be considered for Associate role btw. Please kindly share a few suggestions with me as I am kinda clueless.
PS - I don't have access to CapIq or MergerMarket anymore...
send them relevant @litquidity memes
jokes aside dont reach out to ask if “recruitment has changed”. its like DM’ing a girl in a relationship. you dont ask her “are you single” or “how are things with your bf”. you chat and if it goes well, when they break up she lets you know. true story.
the point is - maybe you can email them about your accomplishments & combine it with things relevant to them? for instance, “I am happy to say that I was elected President of my university’s finance society! i have good ideas and i like that i get a chance to give back. Also, I was reading an article about Something in [ their sector] and I was wondering if [something very detailed & specific]?
dont have a scripted schedule because they’ll notice if you only email them near the end of the month. Keep working on your end and try to find something to tell/ask them once every few weeks. Its hard to explain but just dont waste their time, dont be annoying, and ask good questions so that even if they dont vouch for you, you know more about the industry.
I appreciate you taking the time to write a length response and I’m certainly not trying to be a dick here. As I mentioned in my original post, I’m not a newbie. I have a few years of experience already in ibanking at a respectable BB and graduated from an elite bschool. I find myself currently unemployed due to personal circumstances that I cannot share on this forum
ok then scrap the university stuff I mentioned but the rest still holds true? if anything, it means that you can ask even better questions. maybe I’m wrong but asking them “are you recruiting now” every 3 weeks will surely fail. it’s very direct and annoying.
I'm a student right now, and I agree with this. What I usually do is just update them every few months telling them some accomplishments and asking if they can catch up on the phone.
I know that most recruiting is on hold at my firm so tough to say.
I would appreciate if someone whose a VP or above in IBD can chime in on this. No disrespect intended but analysts on this forum won't be a good source to opine
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