Any point in cold-emailing if you haven't started university?

Context: I'm going to a semi-target uni (Nottingham) this year, to study Economics. I am currently on a gap year.

The purpose of cold-emailing here would be to establish a connection/relation with the person, to find out more about how they got into the industry and what they do. If there's an opportunity to gain work experience/ work shadowing, that would be great but I don't think they'd offer that opportunity to someone who's not in their first year at some university.

I've built a cold-email tracker with around 100 contacts (approx 3-4 contacts per company). While the cold-email tracker might be useful in the future, is there any point in networking right now? Cold-emailing already has a low response rate but I wonder whether it's a daft idea to start cold-emailing people already.

I'd appreciate any advice, thank you.

 

Hi there,

Out of curiosity, what is your industry of interest? IB? Consulting? Others?

I agree with the earlier response, I think it is a little early. I would definitely respond to a message if you were a current student (I'm joining MBB in the Summer), but right now I also think it would be a little weird and premature. I'm a Nottingham alum myself (MSc Econ rather than undergrad, but same diff), so unless you're already going there and experiencing it, we wouldn't yet have much in common that would make me want to help you (assuming consulting was of interest to you). It's so early, you might change your mind in a few months, or in the middle of applications.

That being said, in terms of what to do in the meantime to redirect your energy, you can certainly start planning some of the electives you could take in Years 2 and 3, based on the target industry you want to join (e.g., if you're thinking IB, I wouldn't spend time doing development econ modules but focus on any financial accounting or finance courses you can find). You could also start planning where you would like to do your internships and see what the requirements are, and working your way backwards. For example, demonstrating some degree of leadership and teamwork is always a must in all sectors, so you could start thinking about which society to join at uni, and what role you would like to take there (e.g., Economics Society, and aim to be President or Treasurer, or captain of the rugby team). Get your Extracurriculars lined up in advance, so you know what to do once you arrive.

For now though, I would focus on relaxing and enjoying your summer. This may be one of the last summers you'll have not working long hours in an office! Enjoy the weather, do some prep by reading up on business & finance news, checking out the kind of prep needed for interviews down the line (e.g., casing for consulting or modelling for IB), and otherwise just have fun before "work" starts.

Good luck to you!


- Fellow Notts Alum-

 

Hey, thank you for your honest response!

Yes, I’m primarily interested in IB (M&A), but I’ll be keeping an open mind for research more on other roles in the finance industry and see what I find appealing really.

I’ll take into account of all the advice you’ve given, especially about the electives I can take in Y2/Y3, because that completely slipped out of my mind as I only had a brief look at them.

How did you find your masters at Nottingham by the way? I know your experience would be different to an undergrad’s, but I’ve been looking forward to hearing about people’s experiences at the uni.

 

I really loved my time there. I was there 10 years ago, and I made some very close friends in that one year with whom I have kept contact since, and see regularly. A lot of people ended up in pretty decent roles afterwards, from UBS to JP Morgan, but also Deloitte, some people did pretty well.

I loved the city, loved the campus, loved going to Mooch (the student bar in the Portland building), and enjoyed a good pub quiz in Beeston with a group from the student accommodation. I remember it very fondly and have some great memories.  At the end of the day, it'll depend on the people you meet there and the friends you make. It's great that you already have a goal in mind (way better than I did when I was at uni), so keep your eyes on that of course, but do enjoy yourself and explore the city and the surroundings (e.g., Wollaton Hall, where they filmed the Wayne Manor from the Nolan Batman trilogy).

Have fun there!

 

Mate, chill. Spring weeks are essentially a lottery and cold-emailing just isn’t a thing in the UK. Follow the advice above and enjoy your gap year and uni

 

You're actually incorrect. Second doesn't have to mean #2. The 2nd definition of "second" on Google - subordinate or inferior in position, rank, or importance

 

Networking not really required in UK, would probably seem weird to do it this early too imo.

As others have mentioned I would focus on enjoying the summer, definitely a fun one as likely last time with all your group from home.

I’d personally recommend trying to do a bit of part-time work ( maybe 1/2 days). The money is very helpful once you get to uni, as especially at beginning useful to have spare cash so don’t have it restricting how many people you can meet.

Secondly, I feel like it helps to have some sort of experience on your CV, both for further part time work and IB/consulting etc. style applications 

If really committed/ bored, start looking into insight/ spring weeks, some will open stupidly early, like September so having CV and idea of questions answers might be helpful.

 

Thanks for your comment. I’ve been considering work experience, volunteering and learning french to keep myself preoccupied this summer.

I guess the whole emphasis on networking is more so in the US than the UK, but it’s irrelevant in my scenario as it’s way too early.

 

All sound like decent plans!

If you can do anything more formal it definitely helps, mainly for getting uni part-time work and some situations to bs about. I also found it increased my appreciation for the need for going to uni as retail pay is so low considering its actually pretty tiring/ draining having to pretend to be enthralled by customers for a shift

 

Cold-emailing doesn't really help you land interviews in the UK unlike in the US. You're going to Notts and are female; find the programs that help you recruit (heracademy @ SEO, Rothschild women spring program (i think its called Horizon). Apply early and you will 100% land spring weeks

 

1) A lot of people are going to say you're early. A lot of these people are american so automatically ignore them. You have to remember this site mainly targets US users, even when we post in the UK forum we still get a lot of overlap. The general rule of thumb: if they're American and commenting on London IGNORE THEM. Their recruiting culture is completely different from ours. A few noticeable differences worth remembering when scrolling WSO:

  • Rothschild is pretty weak in the US. In London its probably one of the strongest boutiques, they have insane deal flow and reputation in EMEA. Mostly do large-cap but a substantial amount of middle-market stuff. Very prestigious shop here, yet WSO will slate it as they're very weak in the US
  • "EBs" in general tend to be weaker in London. Lazard and Rothschild are notable exceptions but mid-top BBs still largely run the game in IBD.
  • Networking is pretty useless in London for most banks outside of providing you with talking points. We don't have on-campus recruiting and don't do referrals unlike in the US.
  • Recruiting starts before university in the UK, unlike in America when it really starts in soph year. You are therefore not early objectively speaking. Some of your cohort are already in the recruiting pipeline for firms like Morgan Stanley and JP Morgan even though the university year hasn't started yet. Don't panic though, you're not at a disadvantage. I started thinking about recruiting at the same time as you and got most of the good springs.

2) You don't need to network for spring weeks. Just apply early. Enjoy university and ignore the idiots on here that are clowning you for being "early". No need to overdo it but definitely important to think about applications around this time. Goldman opens next month...

 

True, but they apparently look at applications in the order they're done. I applied in August before university and got an offer and I know a few that did it later and got an offer. I would personally apply early though. Roths opens the month after which is before university anyway. Nothing in university will meaningfully improve your CV in the early months of starting.

 

Do you mean how I found them as in what I thought of them or how i physically found spring weeks to apply to?

 

If you reach out too early, there's a good chance you can blow yourself up.

Every interaction is an interview, if you reach out and can't handle the convo, it may cost you that connection. 

Networking is great and very important, but you need to be able to professionally carry on with the call. 
I suggest waiting till you start and are prepped by your school's finance club.

Best of luck mate. 

 

Et repellendus odio cupiditate saepe. Fugit provident veniam numquam. Sit odio ex aut. Ut sed natus autem sit enim. Incidunt non sapiente similique omnis commodi est tempora sequi.

Ut exercitationem ea quia. Minima veritatis veritatis nobis ad autem aut quasi ut. Hic sit voluptatum distinctio quam rerum tempora. Dolores similique omnis nemo magni non ea quo. Est accusantium ratione illo harum voluptatibus placeat neque dolore.

Ut ut totam et consectetur dolor libero. Esse earum veritatis aut magni maiores et. Minima enim est totam autem.

 

Id dolore ea et ducimus aut nemo aliquam. Corporis quod sed ut blanditiis ab. Quia necessitatibus delectus sunt perferendis architecto esse. Quam eum reprehenderit nobis officia eum est a.

Non voluptates itaque aut repellat praesentium deserunt. Soluta consequatur aut praesentium voluptatem. Cumque doloribus nostrum id sit. Fugit assumenda fuga ut dicta. Amet nihil sint quod sed dolor.

Autem quod porro officia. Sunt praesentium architecto sint vel. Laudantium saepe autem soluta odit error nihil. Voluptas corrupti non aut nulla.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”