sophomore from non target planning fixed income networking call

hey everyone!! i'm a sophomore (girl, not sure if relevant or not) from a non target school in the bay area and am really interested in doing fixed income s&t. i cold emailed a fixed income analyst (former SA for the internship im trying to get) and i have a call w him on friday: what are some questions i should ask him? how can i be persistent to get my foot in the door without being rude/pushy? how will this FI S&T call be structured compared to say an IB networking call? obviously i cant just straight up ask him "how do i get an interview" "what technicals do i need to know" without looking like an uneducated dumbass. pls any help is much appreciated idek where to start, hes the first fixed income person ive talked to besides a FI recruiter and she doesnt work on the desk obv. thxxxx

9 Comments
 

Based on the most helpful WSO content, here’s how you can approach your Fixed Income S&T networking call effectively:

Questions to Ask:

  1. Career Path and Role Insights:

    • "What drew you to Fixed Income S&T, and what do you enjoy most about your role?"
    • "What does a typical day look like for you on the desk?"
    • "What surprised you the most when you started working in Fixed Income S&T?"
  2. Team and Desk Dynamics:

    • "How is your team structured, and what is the dynamic like on the desk?"
    • "What qualities do you think make someone successful in Fixed Income S&T?"
  3. Advice for Breaking In:

    • "What advice would you give to someone from a non-target school looking to break into Fixed Income S&T?"
    • "Are there any specific skills or technical knowledge you recommend focusing on to stand out?"
  4. Market and Industry Trends:

    • "What trends or developments in the fixed income markets are you currently paying close attention to?"
    • "How do you stay updated on market movements and news?"
  5. Personalized Follow-ups:

    • If they mention a specific deal, market event, or project they worked on, ask follow-up questions like, "What was the most challenging aspect of that project?" or "What did you learn from that experience?"

How to Be Persistent Without Being Pushy:

  • Follow-Up Emails: After the call, send a thank-you email highlighting something specific you learned or enjoyed from the conversation. This makes you memorable and shows genuine interest.
  • Updates: Periodically update them on your progress (e.g., internships, relevant coursework, or certifications like Bloomberg Market Concepts). Keep it brief and relevant.
  • Respect Their Time: If they don’t respond immediately, wait a week or two before following up. Avoid spamming them with multiple emails.

Structuring the Call:

  • Introduction (2-3 minutes): Briefly introduce yourself, your background, and your interest in Fixed Income S&T. Mention why you reached out to them specifically.
  • Main Discussion (15-20 minutes): Ask your prepared questions, but keep the conversation natural. Listen actively and ask follow-up questions based on their responses.
  • Closing (2-3 minutes): Thank them for their time, express your enthusiasm for the field, and ask if they have any advice or resources they recommend for someone in your position.

Differences Between FI S&T and IB Networking Calls:

  • Focus on Markets: Fixed Income S&T calls are likely to involve more discussion about market trends, trading strategies, and the dynamics of the desk. Be prepared to discuss your interest in markets and any relevant knowledge you have.
  • Less Deal-Centric: Unlike IB, where networking calls often touch on deal experience, Fixed Income S&T calls will focus more on trading, risk management, and market analysis.
  • Technical Knowledge: While you don’t need to dive into technicals during the call, having a basic understanding of fixed income products (e.g., bonds, interest rates, credit spreads) can help you ask informed questions.

Additional Tips:

  • Preparation: Research the firm’s Fixed Income division and any recent news or market trends. This will help you ask insightful questions.
  • Confidence: Don’t worry about being from a non-target school. Focus on showing your curiosity, enthusiasm, and willingness to learn.
  • Avoid Overthinking: You don’t need to have all the answers. The goal is to build a connection and learn from their experience.

Good luck with your call! If you need more resources, check out WSO threads on networking and Fixed Income S&T for additional insights.

Sources: Second/third/fourth Networking Calls, Non-Target Recruiting Guide Part I: Resume and Networking, https://www.wallstreetoasis.com/forum/job-search/my-2-cents-on-sa-recruiting-from-a-non-target-background?customgpt=1, Why does it feel so weird to make an "ask" at the end of a informational interview?, Tips for Freshman for The Sophomore IB Interview Process

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

You don’t need to plan for calls other than having a broad outline and maybe some key quick facts about the person for spontaneous conversation. We all know the story about the nerd robot on a call. 

 

If you have some knowledge about FI, don't be afraid to talk about it on the call. Obviously don't start ranting/saying random shit or coming off as a know-it-all. 

A lot of people will tell you don't try to talk product on a call, which is true to an extent, but if you're with the right person it can impress them. Again, delicate balance game because I've been on the other end of know-it-all kids. 

 

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