What to ask when networking?

Two days ago, I cold called a boutique investment bank and asked for a 10 minute interview with one of the associates at the firm. He was busy, but surprisingly he referred me to an analyst. The Analyst emailed me and said that he would give me a call next week.

My question is, what should I ask to be effective? I want to refrain from asking things like "so why investment banking?" and "what's your favorite part about your job?"

Anyone have any suggestions that have worked well for them in the past?

 

Bump. Also very interested in what to discuss during such conversations. Should you say that you are looking for more information about the firm, or that you are looking for a SA/ FT position, or something else. Thanks.

 

Are you looking for more information about the firm? Are you looking for a SA/FT position? Usually a good place to start would be the truth.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

I guess my dilemma is whether being upfront is the best strategy (I will be a rising junior looking for an SA position next summer) or, as someone in another thread I found said, playing coy and hoping they ask for you to call or meet.

 
SHA1991:
I guess my dilemma is whether being upfront is the best strategy (I will be a rising junior looking for an SA position next summer) or, as someone in another thread I found said, playing coy and hoping they ask for you to call or meet.

say "i am a rising junior looking to learn about investment banking and summer analyst programs for next summer."

you can ask your contact about what sorts of programs they have and how much money he makes and how much he hates being away from his family so much.

 
Best Response

Well make yourself sound interested and serious in pursuing banking.

Questions like, "I want to do investment banking because xyz".... I think generally when you call them you're supposed to already be pretty verse in knowing what investment banking is otherwise they may think you're an idiot wasting their time.

Good questions to ask are: "Why did you want to do investment banking?" "What do you think my game plan should be from now until when interviews start? What are some things I should do to best prepare myself?" Try to get to know the guy and what always works is to touch on some sport topic. (Knowledge of college sports is key here, and play to the news items of his alma mater if there are any). Ask other questions but don't take up all of his time....

When you're ready to wrap up, say, "So thanks for your time. I was planning a trip out to NY (or wherever this guy is located) sometime this summer. Do you think we can meet in person for coffee or lunch or something?"

He will say "Yeah, just let me know when you're in town and shoot me an email." Now he knows you're serious about it.

Even if you aren't able to go (and I highly recommend that you try your best to meet your network people in person) it won't be a big deal bc he'll probably forget anyways. Hope this helps.

 

I think one of the important stuff is that you have to balance between sounding interested yet not pushy. i dont quite recommend asking about compensation, as you will not want to come across as "I-want-to-do-IB-so-that -i-can-make-loads-of-money" perhaps you could try asking how you can prepare yourself to better position yourself and what are the most common challenges he faces.

 

One that I like asking is what made you choose "XYZ career"? You could even get really straight forward and ask "what do you look for in a candidate when hiring for position abc?"

make it hard to spot the general by working like a soldier
 
 

Why not! If the course of your conversation with him so far has been hinting towards a professional intention, then it is understood to him. And the person seems nice to be willing to help. Good luck!

 

I always go with the person of interests position, unless I know them well enough to tell them my true intentions and just ask for advice/to put me in contact with someone in that position.

Just an Undergrad trying to get a job. Something you disagree or dislike about my posts? Let me know by PM'ing me or commenting constructive criticism.
 

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