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?
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:
Craft a Polite and Concise Message:
Use LinkedIn Strategically:
Frame Your Questions Carefully:
Potential Risks and How to Mitigate Them:
Backfiring with Current Employees:
Unreliable or Biased Information:
Overstepping Boundaries:
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 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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