Reaching out to former employees?

Joining a new fund in a few weeks and don't know much about it beyond what I was told by recruiters/people at the firm and not much info online given they are fairly under the radar. Saw the firm has a few alum on LinkedIn (all left for personal reasons from what I was told when I asked during the interview process), has anyone done cold outreach to former employees to get a sense of the job, why they left etc.? Any ways this could backfire?

3 Comments
 

Reaching out to former employees can be a smart move to gather insights about the firm, but it requires a thoughtful approach to avoid potential pitfalls. Based on the most helpful WSO content, here are some tips and considerations:

How to Approach Former Employees:

  1. Craft a Polite and Concise Message:

    • Keep your outreach short and professional. For example: "Hi Name, I noticed you previously worked at [Firm Name]. I’m joining the firm soon and would love to hear about your experience there if you have 10-15 minutes to chat. I’d greatly appreciate any insights you can share."
    • Avoid prying into sensitive topics like internal politics or personal grievances.
  2. Use LinkedIn Strategically:

    • Look for former employees with a few years of experience at the firm. They’re more likely to provide valuable insights.
    • If possible, prioritize those who left on good terms or moved to reputable firms, as they may have a balanced perspective.
  3. Frame Your Questions Carefully:

    • Focus on understanding the culture, work environment, and expectations rather than directly asking why they left.
    • Example questions:
      • "What was the team dynamic like during your time there?"
      • "Are there any tips you’d recommend for someone starting at the firm?"

Potential Risks and How to Mitigate Them:

  1. Backfiring with Current Employees:

    • If your outreach is perceived as fishing for negative information, it could reflect poorly on you if word gets back to the firm. To mitigate this, ensure your tone is positive and curious, not critical.
  2. Unreliable or Biased Information:

    • Former employees may have left under unique circumstances that don’t reflect the current state of the firm. Cross-reference their feedback with other sources, like alumni or industry contacts.
  3. Overstepping Boundaries:

    • Avoid asking overly personal or sensitive questions. Keep the conversation professional and focused on your preparation for the role.

Final Thoughts:

Reaching out to former employees can provide valuable context, but it’s essential to approach with tact and professionalism. If done correctly, it can help you better understand the firm and set yourself up for success in your new role.

Sources: Two Internships Later: What I wish I Knew While Recruiting! (Toronto), PE Senior Associate - What next?, Q&A: Former MBB Consultant, Black Jack's Recruiting Advice, Why I Left PE & Switched to the Public Markets

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I have done this fairly consistently - on occasion it has gotten back to the firm I was interviewing with but did not set off any red flags. Definitely treat those conversations with a high degree of professionalism / sensitivity almost as if you were meeting someone from the firm itself. I have seen one instance on this forum about someone doing this, the firm finding out, and then dinging them, but if that's their attitude then probably not the place you want to work regardless. 

 

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