Non-Alumni Networking

I go to a target school and have a SA IBD internship, but am considering applying to other places for full time positions. During the SA recruitment process, I was told to focus my networking efforts on alumni. I am not so familiar with the FT process, and I was wondering if it makes a difference if you network with alumni in terms of the process, or if it is merely recommended to network with alumni because alumni like to help out students from their school. I ask this because I realized there are a few people I know through an organization I am involved with that I could reach out to, but are not alumni of the school I go to.

Any help is much appreciated!

Comments (28)

 
May 20, 2015 - 4:02pm

So for the process it is not that only alumni can recommend people from their school for a position but that anyone can recommend anyone, just that it tends to be alumni doing the recommending? Is that correct?

And when you apply for FT, do you apply into the overall IBD division or do you apply for a specific group?

 
May 20, 2015 - 4:55pm

Although I'm only working as a SA right now, I actually got this job through networking through a non-alumni. My understanding is that it's definitely easier for an alumni to respond to your cold-emails/calls, but where you go to school goes out the door in conversations.

Array
  • 1
 
May 21, 2015 - 7:09pm

I'm just curious to hear what you have to say on this point.

In the event there is no deal flow in the summer, what would you put on your resume?

Array
 
May 22, 2015 - 9:20am

Networking with non-alumni (Originally Posted: 12/13/2012)

Whats the deal with calling non-alumni with questions?
I did a PWM internship at a BB and have email addresses for a bunch of IBD and S&T people at the BB. That's valuable as shit imo but if I'm not at work then I have to email them from a personal email. I only intern MWF and would like to speak to people tomorrow of possible...

 
May 22, 2015 - 9:26am

Is there any use in networking with non-alumni if I am from a target school? (Originally Posted: 07/18/2017)

I go to a target school and we have enough alumni at firms that first round interviews are usually solely handled by these alumni (and even getting picked for the interviews is handled by these alumni). Knowing this to be the case, is there any use for me to network with non-alumni at these firms? Will networking with these other analysts help me get a first round interview and pass the first round interview?

I obviously know that talking with other analysts will have an impact, but if doesn't have a sizable impact (like when I talk to one of the ten second year alumni at a firm), then it might not be worth my time with all this other shit I have to do for recruiting.

 
May 22, 2015 - 9:34am

Networking with non-alumni for non-BB (Originally Posted: 06/22/2017)

Currently attend a target school and was told for BB, I should only network with Alumni b/c my resume will only been seen by people from my school.

My question is, is this true for non-BB firms too? Should I network with analysts from firms like PJT, Moelis, etc that aren't from my school?

Start Discussion

Total Avg Compensation

January 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (31) $349
  • Associates (141) $232
  • 2nd Year Analyst (88) $152
  • 3rd+ Year Analyst (19) $150
  • Intern/Summer Associate (90) $144
  • 1st Year Analyst (349) $132
  • Intern/Summer Analyst (299) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
bolo up's picture
bolo up
97.5
8
NuckFuts's picture
NuckFuts
97.5
9
Edifice's picture
Edifice
97.5
10
Addinator's picture
Addinator
97.5