So i’m part of some student society and reached out to a European MM bank to set up a networking event with the bank and the student soc. Seems like the event is going to be pushed through and it might involve an MD i previously met on a different networking session. Although we’re not close, we’ve also had some conversation on LinkedIn.
Over our previous conversations, the MD said its fine for me to message her updates on my recruitment process with her firm
My question is this- if this event does get pushed through is it okay for our student society to give the MD a gift? I was thinking a bottle of red wine/champagne (also curious what budget I should spend on this). If the MD doesn’t get involved in this networking event would it still be okay to send a gift regardless?
I would give it and say its on behalf of the school society, but it’s essentially coming out of my own pocket and i’m wondering if this is at all an appropriate practice to do something like this?
Fully aware that it’ll hardly make a difference on whether i manage to recruit with the firm or not, but I’m wondering about what downsides there are to this?
For context i’m based in APAC (HK/SG) and for previous networking sessions our student soc has given gifts to other company employees but this time i’m giving a personal gift (thats also more expensive compared to previous gifts) to an MD on behalf of the school
Ah, the art of gift-giving in the professional world – it's a bit like walking a tightrope while juggling bananas, isn't it? You want to show appreciation without overstepping any boundaries. Based on the most helpful WSO content, here's what you should consider:
Understand the Culture: In some cultures, gift-giving can be seen as a gesture of goodwill, while in others it might be misconstrued as an attempt to curry favor. Since you're in APAC, it's important to be sensitive to local business etiquette.
Keep It Professional: If the event goes ahead and the MD plays a significant role, a token of appreciation from the student society could be seen as a thoughtful gesture. However, it should be something modest and professional – think a nice bottle of wine or a quality box of chocolates.
Budget Wisely: You mentioned the gift would come out of your pocket. It's commendable, but don't break the bank. A small, tasteful gift is sufficient. There's no need to splurge; it's the thought that counts.
Timing and Presentation: If you decide to give a gift, do so at the end of the event as a thank you for the MD's time and insights. Present it on behalf of the student society, and make sure it doesn't come across as too personal.
Potential Downsides: Be aware that some firms have strict policies regarding gifts, which could put the MD in an awkward position. Also, you don't want to create an expectation for future interactions or make it seem transactional.
No Gift? No Problem: If the MD doesn't end up being involved in the event, or if you're unsure about the gift, a heartfelt thank you note on behalf of the society can be just as effective and carries no risk of misunderstanding.
Remember, networking is about building genuine relationships, not about the gifts you give. Your professionalism and the quality of your interactions will leave a more lasting impression than any bottle of wine ever could. Keep swinging from vine to vine with grace, and you'll find your way through the networking jungle!
Sources: Invited to PE honorary dinner by CEO of HF – What to do? (Student), https://www.wallstreetoasis.com/forum/consulting/thoughts-and-impressions-on-the-other-side-of-an-undergrad-mbb-recruiting-event?customgpt=1, The Do's and Don'ts for Summer Analyst, Attending other schools' career fairs?, A Clueless Freshman's First Networking Event
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