SA27: Should I Network?

Based on the most helpful WSO content, here's the deal:

It's generally better to apply as soon as possible after applications open, especially for competitive roles like Summer Analyst (SA) positions. Many firms review applications on a rolling basis, so waiting too long could hurt your chances. However, networking can still play a crucial role in boosting your application.

Here’s a smart approach:

1. Apply Early: Submit your application within the first few days (ideally 1-3 days) after the application opens. This ensures your resume is in the system and considered early.

2. Network Simultaneously: Start networking even before the application opens if possible. Reach out to alumni, analysts, or associates at the firm to build connections. If you’ve already applied, you can still network and mention that you’ve submitted your application. This shows initiative and interest.

3. Referrals Post-Application: If someone offers to refer you after you’ve applied, they can still push your resume internally. Many WSO threads highlight that referrals can be effective even after your application is submitted.

4. Be Proactive: After applying, follow up with your network. Send polite emails to employees in the group you’re targeting, expressing your interest and asking for insights about the team or culture. This can help your name stand out when hiring managers review applications.

In short, don’t delay your application just to network. Apply early, and then leverage networking to strengthen your position.

Sources: Global macro recruiting - a primer, Interview with a Senior Software Developer for a Prop Trading Firm, Consulting Recruiting 2023, 10 Friendly Reminders While Networking for SA Programs (from a BB Analyst Perspective), Lateraling Guide for Investment Banking