Hello Everyone,
I am in the process of trying to land a summer position at a boutique investment bank for this summer. I have been cold calling/emailing and getting a lot of positive responses, however; most have responses such as "I respect you for being forward and taking initiative, but we are not taking any interns on at this point in time".
How do I respond to this? Should I give up on that person, or would it be too much to ask if they know of anything? Or attempting in any way to leverage their response into something else, another connection etc.
Thanks.
Bump on this
You answered your own question. Thank them for getting back to you, and ask if they could reccomend anyone for you to reach out to.
Boutique IB - Should start cold calling? (Originally Posted: 11/28/2013)
Hi all,
I know this question has been answered many times but I was wondering when I should start coldcalling boutique IBs. I was thinking after the fall term so that I could show my first semester of grades. Just to give some perspective, I AM currently a freshman at a supposed "Public Ivy." I have found a list of places near my hometown and also in NY, where I actually have some family.
You are early in the game so you should not worry about cold-calling. I would actually focus on networking. I cold-called in my sophomore year only because it was already March/April/May.
And sounds like you go to a big school--so you could find a lot of people in financial services industry, so the best option for you would be to jump on LinkedIn and find out alumni from your school at regional boutiques and middle market investment banks and ask them if you could assist them. This works much better than cold-calling.
Otherwise you would be wasting a lot of time because there are only few people on the street who would be willing to hire someone out of freshman year.
Will do, would you say just send a basic networking message to these people via Linkedin and see which ones bite?
Your target is to get them on phone or get them to have coffee or lunch with you (in their office is more preferable).
So look at their website, call the receptionist, find their number, and call them directly. And please, focus only on MDs for these small firms--not VPs, not Associates; straight up MDs. Got it?
Yeah I got it. Thanks for all the help man.
As a Freshman, I would learn more about IB from older students who are pursing a path in the field or read to work in the field plus other research (WSO, M&I). At this stage, I networking would be a key for you especially at this stage.
Best time to Cold Call Boutiques? (Originally Posted: 03/22/2011)
Before 9 and after 4:30?
There have been many threads on cold-calling, but not too much discussion on advantageous calling times that may work for you to get an interview for a position.
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