Why talking to analysts is key in your job search!
Most of wallstreetoasis' users have figured out that networking is key to receiving an offer on wall street, especially for those who don't have access to campus recruiting. If you ever looked through your alumni database with the goal in mind to contact VPs and MDs, the list might have looked at something like this to you:
1) Vice President A. 2) Vice President B. 3) Vice President C. 4) Vice President D.
It will require a lot of legwork and a lot of time for you to dig up more details on these bankers and figure out who could be the most helpful in your job search. However, if you previously built up a relationship with an analyst at that bank. He can quickly help you figure out who you should contact. To an analyst the same list might look a lot more like this:
1) Vice President working on GOOG and MSFT merger. Too busy to speak to anyone unrelated to the process. 2) Vice President close to accepting a job at a boutique bank. Checked out and will probably leave soon. 3) Vice President's wife is pregnant. Currently not that focused on work. 4) Vice President who is also the head of the recruiting team at a couple undergraduate institutions. Currently looking to fill up 2 more interview slots for summer analyst positions.
Whenever you speak to an analyst at a bank make sure to ask who else you should talk to and whether he knows someone who is particularly involved in the recruiting process. Once you do figure out who could help you the most with recruiting make sure to be persistent in your approach.
I haven't thought about the situation like that, but I think you're exactly right.
Very good input
pretty true, assuming you dont fuck up networking with the analyst...which i had dumb ass people trying to cold call and didn't even know what the group does.
Thank you very much for sharing this information. It will be a great help for job seekers.
Also, at many bulge bracket banks the analysts have tremendous say on who gets an interview. MDs and VPs often don't bother even showing up to the resume selection day and just send in an email mentioning the name of a kid they met and liked, but know nothing about. Even when they do show up, they lean heavily on their analysts and associates to make interview selections because they generally recognize that analysts and associates can usually better gauge technical ability and cultural fit.
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