How has networking been going for you all over this summer?
Have a lot of people been responding to you? How are you able to get some people's attention?
Are bankers usually very busy over the summer?
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Pretty subpar response rates and Ive only been contacting alumni.
Around 3/4th of the people I've set up calls with I had to followup at least two times before they gave me a response. So after sending my initial email it takes a whole month to actually talk with them. Short straight to the point emails seem to work best imo.
But once I get them on the phone usually goes pretty well and they're mostly willing to help. Had my resume passed for majority of all the banks Im interested (Maybe cause they're all aliumni idk).
Are you recruiting for junior SA or FT? Since time is running out, is it better to follow up with them in a few days rather than waiting for a week? Would it make sense to call them after a two emails?
Junior SA, + our school has OCR with about 10ish banks that all interview in September so I'm personally not in a hurry.
With that being said, it wouldn't hurt to message them in a few days however I would find it hard to believe their response rate would rise. I usually send my emails Tuesday or Thursday and rarely on any other day except maybe Thursday. So naturally the followup email would be a week from then. I don't think it would be smart to message them Tuesday then on a Saturday.
I would personally not call but thats up to you. Even when I set up calls with them, when they pick up the phone they sound so grumpy so I doubt they'll be happy if you gave them a cold call. (Once again this is all my speculation as I've never cold called).
How many people do prospective SA's usually talk to before interviews? What is a good number just for reference?
Have reached out to about a dozen people. Have had informational phone interviews with 2 alumni and 1 banker at a small shop. Not bad I'd say.
What subject line are you using if you wouldn't mind sharing / PM'ing? Also, for the small shop, are you hitting up analysts or senior members?
The alumni on Linkedin, and the banker straight from the company directory. I'm contacting analysts mainly. Although once I have some relevant experience, I'll contact the seniors. But hopefully these informational phone calls lead to something.
no fkers are responding to me on linkedin
You should probably offer them $12,000.
I have an informational phone call tomorrow with an alumni and am currently preparing for it. How well-versed do you have to be on current events? During these interviews, do you typically get asked questions besides your background?
howd it go if you dont mind me asking?
These phone calls usually are them asking about your background. Depending on how you know each other there tends to be a conversation based on that. They also generally expect a few questions for them. Just keep the conversation going and thank them for their time. Have had multiple this year and they led to having 6 office visits to informally meet anywhere from 2-15 analysts, associates, VP.
Pretty good. Honestly people from MM to EB, haven't done any BB cause not really applying there...the MDs and VPs have been very nice and responsive. Few more busy ones have gotten associates to do the informational too, so I've been surprised.
Three phone calls so far. They have all told me that they can not do much and that I need to be speaking with MDs or similar titles. Problem has been getting the MDs and VPs to respond to my email. Response rates have been at zero. Can only keep trying I guess.
In the same boat my friend
Funny, I've gotten a lot more responses from MD's/VP's than from analysts. Always figured the MD's were (a) less busy and (b) didn't get as many emails, surprised to see it's so different for others
I've secured 2 calls out of maybe 30 emails and had to follow up or reschedule multiple times with both of those. Just the way she goes.
I've had probably 20-30 phone calls ranging from analysts up to MD's at 5-10 different firms. What has worked for me is to have something in common with them to include in the email that draws their attention, whether it be a shared interest, alumni connection, varsity sport, etc. Beyond that it comes down to sheer volume and following up fairly aggressively.
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