How much networking is suffice?

Currently recruiting for 2023 IB SA and am curious on how much networking is enough in order to land an interview (assuming resume looks fine). I go to a target west coast school (think USC/Cal/Stanford/UCLA) and have networked with a handful of analysts/associates/some VPs across the bulge bracket banks and I am curious to hear on what the suffice amount is. For example, is having one strong networking call with someone who can pull some weight just as effective as having 10 average calls with some asking for resumes. I have heard that some people at these target schools can get interviews with no networking at all whereas other stress that you need to get like 5+ referrals in order to even have a shot. Everyone's experiences differ, but I am thinking back to some banks where I only networked with 2-3 (all strong calls) and am second guessing whether that is enough or not. 

Any advice or general thoughts would be great.

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

From my own experience as someone who literally accepted an offer in NYC last week (and yes I actually went through and counted):

Since I started, 387+ new LinkedIn connections with networking being the reason for connecting

298 total cold emails, of those a few dozen calls were scheduled, total of 17 willing to act as referalls at their respective firms, applied to 54 total positions got 26 online assessment next steps, 5 actual first rounds, 4 superdays and one offer. Keep in mind I'm from a non-target with a 3.5 gpa, so not exactly a prime target. 

Hope this gives you some idea for a total networking process

 

wow 298 cold emails is a lot. I've had similar amount of phone calls but sent out less. I assume most of these cold emails were non alumni. From your experience, did you find that there were non alumni that offered to chat? Were they also from traditional non target schools?

 

Velit ad velit quo quam repellendus. Voluptatum labore repudiandae similique quos ea ab. Quia quos molestiae ex modi tempora laboriosam necessitatibus.

Temporibus delectus voluptatem facilis est et ut. Sed vel eos labore facilis labore odio veritatis quisquam. Deleniti officia temporibus aspernatur et quia sint. Voluptatem hic quia maxime eos accusantium et ut consequuntur. Earum ipsa mollitia et expedita nam consequuntur.

Quo ut et excepturi ut qui. Aperiam vel sit porro eveniet eaque quia. Expedita rerum dolores illo nihil temporibus veniam. Delectus sunt ad explicabo quia sit ut.

Ipsum soluta aperiam quidem nihil odio distinctio. A qui distinctio maxime iusto debitis deserunt voluptas temporibus. Sunt dolor necessitatibus ut enim dicta. Ratione at totam itaque fugiat alias voluptatem blanditiis. Laudantium recusandae unde sit doloremque quo.

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101

Leaderboard