Networking Internally at a BB? Cold Email or LI Message?
Hey everyone,
I'm an analyst in a FO role, doing WM at a BB. My role is less servicing clients like PWM, and a bit more 'investments' focused (e.g GS ISG/JPM GIS). I realized over the last few months that I don't see myself in this role longer term. I'm grateful I have a really good network both in and out of the firm, so I've gotten to speak to a number of people and have ultimately realized Infra/Public Finance is something I'm really interested in (e.g GS PSI/PPP).
I recognize I am in a far better position than many others, and I'm trying to understand how to proceed with networking. I have already spoken to a few VPs in our Public/Infra Finance IBD team - one of whom generously said they would consider me for any openings, and another who has been a fantastic mentor since I joined the firm (part of the reason I want to switch is to work with him).
My question, ultimately, is how should I approach networking? I know I should go through connecting with more juniors first. Should I cold e-mail names I find through the directory directly, and if applicable, name-drop the VPs?
Or, should I reach out on LinkedIn, ask to chat, and say I can message them internally? I know after a few more names and good connections, I can start leveraging connections for more warm intros - both VPs are extremely busy so I don't want to bother them with things like this before I "do more homework".
Apologies if this is a dumb question - trying to understand the best approach. Thanks a ton!
Based on the most helpful WSO content on networking strategies within investment banking, here’s a strategic approach to enhance your internal networking efforts at a BB:
Leverage Existing Relationships: Since you already have connections with VPs who are supportive, continue to nurture these relationships. They can provide invaluable guidance and potentially advocate for you when opportunities arise.
Cold Email vs. LinkedIn Messaging:
Start with Junior Contacts: Building relationships with junior team members can be less intimidating and they can provide insights into the team culture and day-to-day responsibilities. They are also typically more available for informational interviews and can be great allies as you navigate your internal move.
Prepare for Conversations: Whether you choose cold emailing or LinkedIn messaging, be prepared. Research the department, understand the key projects they handle, and be clear about why you are interested in transitioning to this area. This preparation will make your interactions more meaningful and show your genuine interest.
Follow-Up: After any conversation, always send a thank-you email. This not only shows your appreciation but also helps keep the connection active. You can use these follow-ups to gently remind them of your interest when an opportunity arises.
Be Patient and Persistent: Internal moves require timing and opportunity. Continue to excel in your current role while you build your network within the desired department. Your performance and professionalism in your current role can also become a talking point and a reason for others to recommend you internally.
By following these steps, you can strategically position yourself for a successful internal transition within your BB firm. Remember, networking is about building genuine relationships that can mutually benefit both parties over time.
Sources: Guide to building a successful career at ONE company: Internal Networking, JP Morgan Internal Mobility.. For Interns?, https://www.wallstreetoasis.com/forum/investment-banking/lateral-internally-from-st-ft-to-ibd-ft-bb-tips-story-and-advice?customgpt=1, The Best Networking, Cold Calling and Cold Emailing Posts on WSO, How to Navigate FT Recruiting: Learn from My Successes/Failures
Et nobis et incidunt sunt praesentium. Enim molestias qui eos. Minima repudiandae atque maxime ducimus. Quam harum voluptatem porro et velit. Illo eos ratione qui sed qui rem rem repudiandae. Eum molestias sapiente et consectetur ea.
Est ex fugit consequatur voluptatem id qui. Debitis voluptatum repellendus facilis eos cumque ea non. Harum officia enim esse quia qui. Porro laudantium quo similique doloribus necessitatibus quia soluta. Esse vel non sequi aspernatur soluta architecto et repellat.
Qui minus rerum nesciunt et quam aut vel. Rerum rerum nisi sit a consequatur. Nihil non et atque impedit dolores eaque similique.
Adipisci provident velit totam libero praesentium cupiditate. Quae fugiat accusantium quo numquam. Et officia pariatur nulla corporis cupiditate ipsa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...