when and how to start ft recruiting

Based on the most helpful WSO content, here's a strategic approach to full-time (FT) recruiting, especially when aiming to relocate or switch groups within the banking sector:

1. Timing for Outreach: Start networking as early as possible, ideally right at the beginning of your summer analyst (SA) stint. This gives you ample time to build meaningful connections and understand the landscape of opportunities in NYC. Keep in mind that FT recruiting timelines can vary, but it's common for processes to start towards the end of summer or early fall. Staying proactive is key.

2. How to Reach Out:

   • Initial Contact: When reaching out to new connections, focus on expressing your interest in learning about their experiences and the firm. It's advisable to not attach your resume in the first message. Instead, request for a brief informational interview or a casual chat.
   • Follow-Up: After establishing a rapport, you can mention your interest in FT opportunities and inquire about the best way to proceed with an application. This is a more natural and respectful way to introduce the topic.

3. Resume Tips:

   • Inclusion of Current Bank/Group: Yes, include your current bank and group on your resume. It's important to showcase your ongoing or most recent experience, especially if it's relevant to the roles you're targeting.
   • Sending Your Resume: Wait to send your resume until it's requested or until you've established a connection that warrants sharing it. When you do share it, ensure it's polished, accurately reflects your skills and experiences, and aligns with the roles you're interested in.

4. Strategize Your Approach:

   • Internal Transfer: If you're considering switching groups or locations within the same bank, start by expressing your interest to your HR representative or mentor within the firm. They can provide guidance on internal policies and potential openings.
   • External Opportunities: For opportunities at new banks, leverage alumni networks, LinkedIn, and any professional connections. Tailor your outreach to each individual, highlighting your genuine interest in their firm and location (NYC).

5. Prepare for Conversations: Before any informational interviews or formal networking calls, prepare thoughtful questions about the person’s experience, the firm’s culture, and specifics about the NYC banking scene. Demonstrating your knowledge and interest can make a strong impression.

Remember, networking is about building genuine relationships. Be respectful of people’s time, express gratitude for any guidance received, and keep your communications professional and concise. Good luck with your FT recruiting efforts!

Sources: When are MBBs beginning full time recruitment? How much time should I spend networking?, When to Start Full Time Recruiting, Full-Time Recruiting 2021