Ineffective coffee chats/how to actually get a referral?

Hey everyone, I had a couple quick questions. I just recently started coffee chats for summer 2026 IB recruitment, and the chats are going fine. They are all phone calls, since I come from a non target and cant really meet any coffee chat people in person, and I also dont think they have time for that. However, how do I know if these are actually effective? I feel like i cant just straight up ask these people for a referral, since its basically our first ever conversation/interaction. i guess what im saying is i dont know if im making the most effective use of these coffee chats. how do i take better advantage of them? do i need to specifically ask/email them for a referral after our chat, is that how they work? any advice helps, thanks!

4 Comments
 

Based on the most helpful WSO content, here are some insights and advice on making your coffee chats more effective and potentially securing referrals:

Making Coffee Chats Effective:

  1. Build Relationships First:

    • The primary goal of coffee chats should be to make friends and build relationships. As Jeffrey Gitomer says, "No one likes to be pitched, but everyone wants to do business with their friends." Focus on getting to know the person and showing genuine interest in their work and experiences.
  2. Stay in Touch:

    • Keep in constant contact with the people you meet. This shows that you are genuinely interested in their advice and mentorship. Regular follow-ups with smart questions or updates on your progress can help keep you on their radar.
  3. Be Prepared:

    • Always be ready for any opportunity that might come up. Have your resume polished, your schedule open for interviews, and your professional attire ready. This readiness can make a significant difference when opportunities arise unexpectedly.

Asking for Referrals:

  1. Indirect Approach:

    • Instead of directly asking for a referral in your first conversation, focus on building rapport and trust. Once you have established a relationship, you can subtly hint at your interest in opportunities within their firm.
  2. Leverage Connections:

    • If you have been referred to someone by another contact, mention this in your communication. People are more likely to respond and help if they know you have a mutual connection.
  3. Follow-Up Emails:

    • After your coffee chat, send a thank you note expressing your gratitude for their time and insights. In subsequent follow-ups, you can ask for advice on the recruitment process or inquire about any upcoming opportunities.

Additional Tips:

  • Persistence with Tact:

    • Accept that not everyone will respond to your messages. For those who might, mix up your approach. Send messages on weekends or include pictures to make your emails stand out.
  • Utilize LinkedIn:

    • Use LinkedIn to connect with professionals and ask for phone conversations regarding industry-related advice. This can help you build a network without directly asking for referrals initially.

By focusing on building genuine relationships and staying in touch, you can make your coffee chats more effective and increase your chances of securing referrals over time.

Sources: How One Student Did Coffee Chats Right - Received Offer From A BB, How One Student Did Coffee Chats Right - Received Offer From A BB, How to Navigate FT Recruiting: Learn from My Successes/Failures, Ideas for improving your coffee chat conversion rate, Want to get me on the phone? Here's how - a networking overview.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 
Most Helpful

What do you mean you can’t just ask for a referral? That’s exactly what the fuck you’re supposed to do, it’s called a call-to-action - selling yourself 101.

You get to the end of the call, “haha well, thanks John. This has been super insightful and really confirmed my interest in potentially working at X bank. Do you happen to know if anyone else on your team would be willing to speak with me about the role?”

Then you follow up over email within 24 hours with your resume attached. Say you enjoyed the conversation and look forward to the process or whatever. Finance people know exactly what’s up, if they don’t take the lead from there to get you introduced it means you didn’t impress that person enough so they’re not inspired to push you along. That simple. Keep it pushing until you find a nut on the team you can crack, good luck.

 

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