Cold Emailing MDs and Board members, Heads of Banks
I've got my hands on some great alumni databases which give me access to contacts of MDs, boardmember, and regional head of different banks. I was thinking of cold emailing a few, one for each bank that I still haven't heard back from after making my internship applications. So what do guys suggest in terms of how i should approach this. And Should I email Board members or MDs? And should I email a few from the same bank or just keep it one per bank?
Any input would be appreciated
Thanks
I've got a email contact of a chairman of a BB, head of a specific region. Do you guys it would be even worth emailing him, or should I just stick to cold emailing MDs.
I personally would stick to e-mailing junior people that you can relate to - build up from there. Unless you know the MD or Chairman, the chances of them responding to your e-mail are slim to none.
Btw many people with access to CapIQ can usually get the e-mail address of a very senior banker - the hard part is getting them to respond. Good Luck.
But isn't it true that junior level people don't really have much leverage in terms of getting my CV through for a possible interview?
junior bankers select the resumes for on campus recruiting.
The size of institution plays a huge role in this. I got a an interview with a PE firm by cold emailing the head of the firm but that only happened because it was a small firm. If you're talking about most BBs and MM shops, I would go with the the previous suggestion of emailing more junior guys, but if its a smaller firm, don't under estimate the value of stricking up a conversation with the higher ups.
MDs do not have time to deal with analyst recruiting.
Your best bet is a current analyst who can forward your resume to the right people.
Email the chairmen and md's. Please keep us posted. It will provide endless humor.
I've emailed some MD alums at boutiques, and a few have responded. I don't think BB MD's will though.
I've gotten responses from MDs at two BBs and one MM firm through cold emailing.
Edit: Very helpful responses
You may get responses, but it annoys them.
They do not have time for analyst and SA recruiting.
You need to find out the name of one analyst on the desk and have that analyst take care of forwarding a resume.
What do you guys write when cold emailing an MD at a boutique bank? (Originally Posted: 11/04/2011)
I am a sophomore at a non-target with previous boutique IB experience (last summer) and my GPA is basically a 3.0 (horrible first semester but doing great now (3.8s>)
The thing is for last summer's internship I was lucky and the first MD I emailed I got an offer from lol---our personalities clicked, and it was a sealed deal from there.
So now that I have to start looking for next summer what do you guys write to them? Also i am looking to hit up a few small trade shops as well so please help
Why not do a similar email to the one you sent the MD last summer? If it worked no need to change it.
Keep it simple, introduce yourself and explain how you are looking to break into banking/trading/etc and would like to speak with them to gain some insight and knowledge.
makes sense I guess...At the end do you guys ask if there are any intern positions open? Or no?
1 Just intro yourself 2 show your passion, explain to him why YOU deserve to work for him and what you want to learn from him. 3 explain to him how your past/present will help you with the role (for example ER = I am president of my school newspaper so I am an established writer) 4 then ask him if he would like to meet sometime
5 send email
6 send thank you card next day.
thank you card? lol maybe after you guys meet or he offers you the job. dont do it after the email you will look like an idiot.
you give him a thank card if he meets you my bad that is what I was attempting to get it.
Just make sure the thank-you card has a kitten on it! MD's love kittens.
last summer I had to order an MD strippers--can I do that?
(actually only one stripper)
^^^^ yea man if he wants pussy do it,,,,, I knew a girl at Yale that did stripper work for the Mafia to pay for college, and she did some in NYC and met a MD and he was impressed by her "sales" and gave her job and i can say for a fact she is doing well with her own shop....... I say do whatever the fuck they want unless you morally dont find it correct.
Expressing Interest To MD (Originally Posted: 01/26/2011)
Have any of you ever found a position you liked online and reached out to an MD in that division, expressing your interest in the position and attaching your resume? There's no time to network so I was thinking of doing this but Im afraid the MD wouldn't approve of being this direct. Any thoughts?
Don't attach your resume in the initial email. Just make your interest known and ask intelligent questions in your email.
Thanks for the reply. What kind of questions do you suggest I ask? About the specific position?
Edit: I think this is a good way to go about it but I dont know what type of questions would be appropriate for this because this wont be a typical networking email. Ask about the firm? The job even though I have the job description? Any ideas?
Just phrase it as something like "I'd like your advice on how best to position myself for a [POSITION] with your firm".
Would it be smart to attach your resume with the following quote?
"To elaborate further about myself, I have attached my resume to this email."
I spoke to a MD and he actually preferred it this way, since it was easier to see whether my background matches up with his division.
Yeah I have had similar experiences. This approach shows initiative and gets you past HR. I would find an MD in the group if possible rather than the broader division.
MDs are extremely busy. Number one rule be concise. If you can think of one timely well thought out question regarding the group go for it. Keep it short and they will appreciate that you respected their time. Attaching your resume is a judgement call.
happy hunting
In the cold email just say who you are, why you're emailing, and you'd love to speak with them about the exciting work they are doing in X group. They will probably do nothing, but if they did do something, it would be to have one of their associates contact you. Wait a week, then cold call.
If they are at all interested they will ask for a CV in the follow up.
However, if it were me I would attach my CV
Well, if it's time sensitive b/c you're looking for a currently open position, don't you need to just be direct, attach your resume, and ask to be considered?
I got in through flattery! I took an internship in I.T just to get in the door, and while looked up people on the org chart talked about how i was a summer intern, and I would love to go to lunch with or just speak with them for 10minutes about progressing in a career and becoming successful like them, how to be a leader like themselves, etc.....I mentioned NOTHING of Banking in the email. But once I got the opportunity to sit down with them they saw I had a passion, desire, and work ethic to be able to learn the business. I would say SELL YOURSELF not your not your knowledge (if that makes any sense). Then if they like YOU then your good because you already have the knowledge. Also keep in mind there is a fine line between flattery and completely sucking his balls.
To me, I wouldn't. The only way this would work was if you knew the person personally. But, if it's someone you don't know, it looks like you're only reaching out to them for a job. It's like talking to women...be subtle but tell them what you want.
.
Have you ever cold-emailed MDs? (Originally Posted: 06/07/2012)
Usually when I e-mail alum, I go for the analysts/associates. Any of you guys tried e-mailing MDs? If you have, what was the response (if any)?
nah i dont cold email, i make it hot in fakt let me tell u why im hot
http://www.youtube.com/embed/TwyE3WJ4AWo
Yea actually. Back in the day Hiter Harris and I traded emails and even got drinks once (for like 15 min).
I've actually gotten the best response ratio from MDs and Head ofs. 85% to be precise.... This is for S&T though... The responses have been very positive and 50% of them got me interviews. The rest didn't have any openings but encouraged me to stay in touch. I never thought this would work with BBs but it does, at least in Europe.
Cut to the chase and forget about the informational interview. They all know what you want.
Max. 4 sentences + Resume
Yes, though mainly at smaller shops. A few have responded, some even asked me to let them know when I was in town (NYC) and chat with them then.
Yes, especially if they're alumni. They're willing to help just as much as the younger guys, probably more so since they're at the top of their careers and can focus on helping others rather than focusing on their own career.
I get more responses from MD's and other Higher ups. I cold e-mailed the CEO of my BB my 2nd day on the job. He replied in 30 mins on a Saturday and I e-mail him once a month to touch base ever since.
Isn't once per month a bit too much?
not only MDs, but I also found VPs and Directors also were very responsive. Analysts/Associates not so much, depending if they went to your school or not and how busy they were. But if they are alumni, no harm in asking, they are definitely more likely to talk to you if you're a student from their former school.
I e-mailed an MD at a boutique bank about an internship and he forwarded my e-mail to HR.
Yes
Man up and do it
I actually only contact associate and higher. I figure analysts are going to already go to bat for their friends from college rather than associates and higher who no longer have friends in college.
Why make life harder for yourself? A couple of phone calls and emails aren't going to overcome 1+ year of friendsgip.
Do you guys format your cold e-mails to higher-ups (associates, VPs, MDs) differently than your cold e-mails to analysts?
I haven't had a great response rate from higher-ups, but have a pretty decent rate from analysts.
if the boutique has like 10 MDs (no alums), how do you decide who to email? or just email them all haha?
How to cold-email a MD from your non-target? (Originally Posted: 11/18/2015)
So I found out yesterday that an alum from my non-target is a MD at a EB. As you can imagine he is probably 20+ years older than me but I was wondering if you guys had any tips. Spending a minute or 2 writing an email to him isn't going to be that big of a waste of time if he doesn't respond.
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