Log 6: First Scheduled Coffee Chat

Hey again. I think I'm gonna do these logs Monday mornings (If anyone cares). It's usually a calm time and a little writing to start my week is good. I have been pretty busy recently, I had a couple exams and I didn't get much networking done. I only had two calls since a couple canceled. In summary, last week wasn't as productive as I wanted it to be.

Please provide criticism.

Log for week 10/14/2019-10/20/2019

Networking:
I didn't shoot as many cold emails/ LN msgs due to tests but I was still able to get 4 calls and a coffee chat for this week. My first coffee chat in fact. I'm more excited about this than the phone calls I have coming up. I generally hate phone calls and this is a nice change of pace. I had two phone calls this week and it went pretty well. The two were pretty nice and honestly seemed pretty interested in helping.

In other news:
I'm probably fucked for the competition I mentioned last week. I picked a bunch my friends who are all "pursuing IB" for my group, but they barely know how calculate Gross Profit. Lucky for me I'm "GeTtInG AlL ThaT DcF PrACtiCe".

My Thoughts:
I probably won't feel it as this week progresses but I'm kind of happy I have all this work to do. It honestly makes me feel like I'm actually working towards something.

Questions:
- As it's been a little over a month since this had started, I was curious on how I should follow up with the people I have reached out to. Any thoughts?
- I've been having trouble grasping the idea of transitioning networks into offers. It seems like some people seem to instantly get an offer after talking to someone. What is your idea of networking.

Goal
- Go for roughly 100 emails.
- Finish my current book.
- Get 4 more industry professionals for next week.

Sorry for the poor grammar today, I don't have time to edit this.

 
Most Helpful

This isn't working without posting as a comment? anway:

Dude I respect the hell out of your hustle, and I've been in your shoes before so I sympathize, just want to offer a couple words of advice:

  1. Syzygy is right on the timelines. You're not going to get an IB internship at a BB or an EB for this summer, and if you want to set your self up to do it for next summer, you do need something. This means you gotta target shops that don't have a structured recruiting-- smaller advisory firms, real estate shops, investment firms, or if desperate wealth management (honestly no shame in that, most people I know in IB did one at some point). And I don't mean to be harsh when I say this, but you really should have figured that out by now. There are a shit ton of threads about recruiting for IB on WSO and if you haven't read those and realized that cycles ended months ago. I was in your shoes my Jr. year and decided to target HFs because I was too late on recruiting cycles. This worked out for me but only because of my next point:

  2. If you are feeling awkward on phone calls, or as if you don't know how to lead conversations, it probably means your aren't prepared to take full advantage of those connections. Realize this: anyone that is picking up the phone to talk to you is doing so because they genuinely have a desire to help you. If you are not prepared to blow them out of the fucking water, you are wasting their time. You should be self taught to the point that conversations you have with people is more about asking what you should learn next, rather than just about their career track. I came from a super non-target so I have always had to hustle harder than most, but by November of my sophomore year I had probably worked through ~10 DCFs on a wide variety of companies just so I learn the material. I had read Valuation by McKinsey cover to cover as well as read most of Investment Banking by Rosenbaum. Read Matt Levine and whatever other morning business news letter you want daily. There is literally no reason for someone to hire you if you don't them any value. Especially as a sophomore who probably won't come back full time once they graduate.

  3. Don't listen to people bitching about you post, I understand publishing as a log to keep yourself honest.

  4. For following up; always send a message within 24 hours thanking them (as I'm sure you do). I wouldn't worry about the timing of a follow up as much as I would the content. Once you make some progress in something thats substantial, use it is as an excuse to follow up. If you only had a phone call maybe ask to meet in person, if you're prowling linkedin and see they have a colleague whose CV looks interesting ask to be connected etc. After ~4 months it gets awkward to reach back out, but I'm sure you'll find something before that.

  5. Don't send linkedin messages (or even connect w/ them, i always found that super weird to do). Find their firms email format (BCC all varieties if you're not sure which one it is) and send at noonish on tuesdays - thursdays. No one responds to emails mondays or fridays.

  6. Keep grinding, I was approaching 300 when I got the offer for my previous job.

If you have any other specific questions feel free to PM me. I ended up about as far away from IB as you can get, but I still went through the IB hustle for sometime.

 

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