Will Networking this early (not even in college yet but will be in a few months) be beneficial in getting internships in IB

I want to do IB, or as of right now I do, things could change. Anyways, my dad is going to take me to meet an investment banker (MD at his firm and has been in IB for 30ish years having worked for Goldman and others) in Houston. I’m going to ask the guys questions to find out more about the career. I will be attending a non target school and I’m wondering if my dads connections will really be that beneficial. I read over and over again that networking is the majority of the battle when it comes to breaking in. I’m not posting this to be like “oh my dad has connections look at me” I am genuine just curious.

11 Comments
 

This may seem like a joke but this is unironically the best advice a high school kid on this site can hear. 

"I'm going to make him an offer he can't refuse."
 

Could certainly be helpful, primarily in two ways: 1. MD could push your resume and guarantee you get an interview/look at his firm, but you’ll still probably have to knock the interviews/superday out of the park and 2. He could connect you with folks to network with. The likelihood he does this is a function of his relationship to your dad and whether he likes you, but definitely worth talking to him I’d say.

 

no. it's too early. they will forget about you. Freshman year I suggest you enjoy college and occasionally brush up on technicals/markets. freshman summer (into july/aug) you should then begin networking.

The only caveat if the MD's are family connections. Then there's not much to lose. 

 

I didn't read the part where your dad is the connection. Yes, network with him. Try to get advice and keep in touch with hopes he can introduce you to other people at other banks/other regions. I didn't have nepotism on my side so I'm sure my experience is going to be different than yours.

I advise you to only do this with family connections. Networking via cold email is a way different dynamic/situation.

 

I think that for right now you should just build a relationship with that connection. You have a great “in” there and it will be helpful to learn about the industry, job, make future connections, etc. For right now though, I wouldn’t branch out much more and would focus on enjoying college and doing well in classes. Maintain the relationship and once you hit like early sophomore year (other can opine on if that’s too early, I don’t know when recruiting starts these days), then ask him to make some introductions to other colleagues and you can start to branch out from there.

 

A big part of the banking recruiting process, as I'm sure you will hear, is the simple test: can I bear working inordinate hours with this person? And it's not just being bearable, but being an interesting person who has interests and a life outside of banking. Anyone who is not even a freshman in college and asking this question is on their way to failing that test. Get off WSO. Go enjoy college. Don't forget about it entirely if this is your genuine aspiration, but go be a normal kid and make some friends. It will serve you better in this process than lurking in this cesspool.

 

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