How does school recruiting team work? And also one call policy?

Based on the most helpful WSO content, here's what you need to know:

School Recruiting Teams and Alumni Networking

1. School Recruiting Teams: Many banks, especially at the EB/BB/MM level, have school-specific recruiting teams. These teams are often composed of alumni from the school who work at the bank. Their role is to filter resumes, conduct initial screenings, and sometimes even advocate for candidates from their alma mater. This makes networking with alumni particularly valuable, as they are more likely to be involved in the recruiting process and can directly influence your chances.

2. Non-Alumni Networking: While alumni connections are often prioritized, networking with non-alumni can still be beneficial. Non-alumni can provide insights into the bank's culture, interview tips, and sometimes even referrals. However, their ability to push your resume might be more limited compared to alumni who are part of the school recruiting team.

3. Your Current Situation: If alumni are not responding to your emails, continue reaching out to non-alumni. Building relationships with anyone at the bank can still be helpful, and persistence often pays off. Make sure your outreach is personalized and demonstrates genuine interest in their work.

One Call Policy

1. Definition: The "one call policy" means that after a single networking call, the banker decides whether or not to refer your resume. This policy is designed to streamline the process and avoid excessive follow-ups or unnecessary calls.

2. How It Works:

   • If the call goes well (even if it’s just average), the banker may pass along your resume. However, this depends on their impression of you and their willingness to advocate on your behalf.
   • If the call doesn’t stand out or the banker doesn’t feel strongly about you, they might not take any further action. It’s important to make a strong impression during the call by being prepared, articulate, and showing genuine interest.

3. Banks/Teams with One Call Policy: Specific teams like Evercore RX (Restructuring) are known to have a one call policy. This means you should treat every networking call as if it’s a mini-interview and be fully prepared to make a positive impression.

Tips for Success

• Networking Calls: Always have your story, "why banking," and "why this firm" prepared. Bankers may ask these questions during the call, and a clear, concise answer can make a big difference.
• Follow-Ups: If someone doesn’t offer to refer your resume, it’s okay to politely ask if they have any advice on navigating the recruiting process or if they’d be willing to pass along your resume.
• Persistence: Don’t get discouraged by non-responses. Keep reaching out to both alumni and non-alumni, and diversify your efforts across different banks and teams.

By focusing on both alumni and non-alumni connections and treating every call as an opportunity to impress, you can maximize your chances of securing referrals and advancing in the recruiting process.

Sources: Non-Target Recruiting Guide Part I: Resume and Networking, When to call PE recruiting quits?, Black Jack's Recruiting Advice, https://www.wallstreetoasis.com/forum/job-search/my-2-cents-on-sa-recruiting-from-a-non-target-background?customgpt=1