LinkedIn Importance

How important is it to have a LinkedIn? Graduated and headed to an EB soon, and never needed to make one for recruiting because I went to a target school with a large alumni base and info sessions/OCR. It seems like theres a lot of posts about attending company insight events or profiles announcing that they are an Incoming Student or Incoming Summer Analyst, etc., but is there something useful behind that? Maybe for recruiting after IB? Are there LinkedIn exclusive opportunities?

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Comments (38)

Jun 27, 2020 - 12:16pm

100p this. Also good for keeping tabs on (stalking) former classmates and coworkers which is an essential part of being a finance hardo.

Also 99% of jobs on LinkedIn are scams but once in a blue moon you'll find something good. I knew someone who got a job at a very legit family office (household name, several Bs in assets) through a random recruiter ping on LinkedIn. Worth keeping one and updating it every couple of years just for that one-off chance.

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  • Prospect in IB - Gen
Jul 3, 2020 - 8:24am

Wait, I thought I was the only sociopathic obsessive stalker???? Turns out the whole finance industry is like me?????

Jun 28, 2020 - 3:11pm

I would advise getting one, especially given that you are in the early part of your career, EB or not. It is good to connect with your peers, mentors, bosses. These people will be important to your growth moving forward - especially if you are looking to network with alums of your EB that have moved on to PE, HF, grad schools, etc.

Agree to your point above - it is a lot of self promotion, the "blessed" posts to getting a coffee chat/one day workshop, etc. But, it is a great way to keep tabs on where your peers have moved/who can be of help 5-10 years down the road. It gets harder after school to keep in touch and time goes by. Just don't end up on LinkedIn Flex..

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  • Prospect in IB-M&A
Jun 28, 2020 - 3:17pm

During a superday for an EB (virtual due to COVID), the MD interviewing me went on my LinkedIn during the interview and was seeing who I was connected with at the EB. In hindsight I think it was to gauge my interest in the firm and see who I connected with through networking because he mentioned the names of those I was connected to at the firm during the call.

Jun 28, 2020 - 3:42pm

I reached out to an alum of my school over a Linkedin message and our conversations grew into my current internship. Not the most useless thing in the world.

Array
Jun 29, 2020 - 9:45am

Okay, somewhat surprised by the negative comments on LinkedIn, especially since its free... Here is why I think it is important..

  1. It is a virtual resume that has no page limitation, is searchable by headhunters, and easy to be reviewed by future employers during recruitment. Almost all search firms pay for the high end version to search by title, dates of employment, education, etc. Not being on here could have you literally get passed over (clearly, this is a 5+ year exp issue, but time will fly).

  2. It is way to contact your network and keep tabs regardless of where people go (assuming they update). Finding out an old email doesn't work sucks.

  3. You can proactively reach out to people to network. School alum, shared organizations, even in the same firm, or a firm you want to work for. This has lots of uses.

  4. You can share content that gets you noticed. Clearly, there is a right and wrong way to do this, but it can be useful at points in your career.

My advice, start early. Build good content and keep your profile intact. It is crazy not to. And this should start while you are a UG student.

Jul 17, 2020 - 12:52pm

I've found it helpful in finding and reaching out to bankers at whatever company I'm interested in recruiting at. Unfortunately, without LinkedIn premium this is very limited, and considering it's something absurd like $60/month, its not really worth it.

Aug 25, 2020 - 3:14am

definitely worth sophomore year of college and during IB stint (for effeciency)

Array
Aug 25, 2020 - 4:50am
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I've found it helpful in finding and reaching out to bankers at whatever company I'm interested in recruiting at. Unfortunately, without LinkedIn premium this is very limited, and considering it's something absurd like $60/month, its not really worth it.

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"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
  • 1
Aug 25, 2020 - 11:28am

It's positive for having your resume/profile out there and accessible for others to see. Sometimes, you learn a thing or two from what your connections post. However, it's a negative for the random people who try to give you a sales pitch and 70%-80% of the jobs on LinkedIn are not legit. 

Aug 28, 2020 - 6:58am

1. It's free

2. It makes researching people's backgrounds incredibly easy

3. It's a great and easy way to connect with people 

4. If used properly (with the right sense of finesse), very easy to get referred to others with THE OTHERS doing the work (introducing you to other people vs. giving you a phone number- seriously makes a big difference when X sends a message including both parties and says some flowery things. I have done that for others many times and have had it done for me. Virtually always results in a scheduled conversation.)

5. It's table stakes

6. Networking is a never ending process, not an event. It keeps you current on job changes, accomplishments, etc.

7. Oh yeah - it's free

  • Intern in HF - Other
Aug 28, 2020 - 6:58am

Personally I think it's most useful to just keep track of who you have met in the professional world. In my internships I have met with too many management teams to remember all their names. LinkedIn allows me to keep track of them if for some reason I ever needed that info in the long run. Don't care for the humble bragging and right now is the worst for it. Every intern posting about how their 5 week virtual internship was an out of body experience and that the firm is such an amazing place.

Aug 31, 2020 - 7:42am

I used it to recruit executives for our portfolio companies. So far best place to do so.

“Self-control is strength. Right thought is mastery. Calmness is power. ” - James Allen
Oct 20, 2020 - 1:18pm

Use it to connect with people you'd actually be interested in calling/meeting, and as an extension of your CV. Ignore and don't participate in the brown-nosey post-internship posts, influencer-esque monologues and cries for help.

May 19, 2021 - 9:07am

LinkedIn has become critical for a successful B2B marketing strategy. It has great importance for B2B and other businesses. Many of them are also using LinkedIn automation tools to find their ideal leads quickly on this platform.

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