Cold Emails Ignored

So I sent out 25 cold emails yesterday to mostly associates at BBs at around 8-9am but I have only received one reply back. 

Did I do something wrong? My emails were along the format of:

"Dear X,

I hope you are well.

I have recently graduated from ___ having ___ and I am interested in a career within investment banking. I am reaching out to ask if you would be able to speak with me to share your experiences as well as any advice you might have for me. 

I understand you too studied at ___ and I would appreciate the opportunity to introduce myself as well as to learn more about your experiences in the ___ team with (BB name). Please let me know when would work best for you.

Regards,

__ "

Do bankers just take a while to reply or might I have just messed up? 

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (28)

  • Associate 3 in IB - Gen
Aug 24, 2021 - 11:29pm

I've been ignoring all recruit emails because I cannot in good conscience reccomend this job.

If you hop on the phone with me I will tell you to switch majors to comp sci, finish med school prereqs and study for mcat, or recruit for consulting or entry level Corp dev or fin rotational programs.  Don't feel like crushing a kids dreams so I ignore.

100% not trolling.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Aug 25, 2021 - 12:13am

I get reached out to a lot and usually only reply to people who I think have a decent background already and solid shot to get in. If you already graduated, depending on what your current full time job is, it could be tough to get reaction. What are you doing post grad? 

Aug 25, 2021 - 9:05am

If you are doing a masters this sounds like europe - people just don't care about networking especially if you go to a target. We know we will speak to you when we go to your campus and if we don't go to your campus sorry to be blunt but we don't look at candidates with your profile, as simple as that.

  • Intern in S&T - FI
Aug 25, 2021 - 2:06pm

Also anecdotal experience but I've found that if you do reach out - do it on LinkedIn , most people don't like getting unexpected emails in their(company email) inbox.

Learnt it the hard way but there is no real benefit of networking really here other than having names to drop on your CL or a referral at best.

Aug 25, 2021 - 7:54pm

to put it simply, if you are at a non target in London we will not even look at your CV. Networking and being keen here does not exist, you make the cut or you don't as simple as that. Fully aware that it's not what a lot of people want to hear but it's the hard truth.

  • Intern in PE - LBOs
Oct 28, 2021 - 6:53pm

PEM - I completely disagree with your statement. Your previous posts have been very informative but this is just false, and this is coming from a non target international student.

  • Intern in IB - Gen
Sep 6, 2021 - 7:56pm

Hey man, thanks for your insight on this; interesting since I started uni in 2020 hence haven't had the chance to see how it is when bank representitives come to campus. Do you know if that's something your firm (and other firms) plan on doing this year? Thx 

Aug 26, 2021 - 11:48am

I have 3 contacts from each firm but I did not want to email more than one of them as it might come across as too pushy and keen if both of them speak about the email amongst themselves. 

  • Anonymous Monkey's picture
  • Anonymous Monkey
  • Rank: Chimp
Sep 22, 2021 - 2:11pm

Do banks filter out emails from a gmail address? I have been emailing a few associates/VPs/MDs at banks and haven't received any replies. Was wondering if they are even reaching the bankers LOL

Sep 23, 2021 - 5:33am

Eum facere consequatur sapiente assumenda quas. Alias ratione mollitia et asperiores. Amet quo numquam impedit molestias voluptas. Quo mollitia nesciunt nesciunt tempora praesentium. Est qui commodi debitis molestias sit odio.

Praesentium voluptas pariatur delectus voluptas omnis molestiae. Praesentium laudantium aut porro aut a totam similique distinctio. Optio iste ut et. Maiores sed voluptatibus odit consequuntur aut.

Impedit voluptas voluptatem officia fugiat et velit debitis. Repellat in expedita aut est aut. Soluta dolorem nisi consequatur et a iure. Quo quos voluptatem atque magni. Sit blanditiis suscipit in sint in veniam debitis illum.

  • Intern in PE - LBOs
Sep 22, 2021 - 2:57pm

Cumque aliquam sunt placeat eligendi. Quia quis nihil corrupti autem. Tenetur odit quam sit. Deserunt sit nesciunt qui sed maiores.

Illo consectetur quia libero temporibus consectetur harum. Veniam maxime sint debitis et rem qui. Ea et rem fugit est vel sed provident. Id sunt explicabo vero maiores rerum saepe ut. Rerum hic cum error dolores.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (236) $235
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (514) $136
  • Intern/Summer Analyst (394) $84