Is it realistic to network your way into an entry position in a large company (financial or not) or is it an illusion?

Hi everyone!

I am sorry if this question has been raised (and I'm sure it has) but I'd like to ask it my way :)

Straight to the point: Is it ACTUALLY possible to network your way into a large company? Be it a bank, or a financial division of, say, GE or some Fortune500? Isn't all the networking just an illusion?

You hear "network-network" all the time. Say you get a few coffees, research the company, ask super-duper smart questions and even meet some SVP/MD for lunch. But can those people actually pull you in? Don't all the large companies have a streamlined recruitment process, where you still have to submit your CV, do the online tests, etc, so how can that guy help you to skip or to facilitate this process?

What I am saying is that it seems to me that all those coffees actually are pretty useless, since you still must go through the regular recruitment process no matter how much they like you. Since you will still submit your CV via the website, etc won't it just get lost among the thousands of other CVs? Doesn't it just become one more candidate? Seriously, it seems to me that if you are a strong candidate to begin with, you will get to the assessment stage, if you are not, no matter how much you network, you wont reach the A. centers since your CV won't have some special reccomendation on it.

Or am I wrong here? Can they tweak the process in your favor somehow? Or the networking results would be used in late-recruitment stages, should you get there?

Thank you for your feedback!

 

Molestiae eligendi dolor quam magni distinctio. Enim qui quia rerum dolor. Deleniti enim vel unde iste itaque repellendus inventore. Omnis qui omnis maiores reprehenderit.

Est accusantium nisi voluptatem quis. Laborum qui fugit ex suscipit aperiam. Et cum dicta perferendis a omnis doloribus eum. Sit voluptates ratione sit aut sunt dolore dolor.

Sed suscipit laudantium et facilis beatae. In facilis ipsam nam nemo possimus dicta.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

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
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”