Who to contact?

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Hi everyone, I am a second year student at a target public school who is trying to start networking through emails. However, I don't really have finance experience, but i have experience using excel and access for making databases for a local nonprofit. My real question is: who do i network with? Does it matter if the people i email are analysts? I have already emailed some alumni analysts, but would contacting anyone senior be futile due to my lack of experience?

Comments (7)

 
Sep 16, 2020 - 3:55pm

Analysts and associates > VP and MD

They are the ones that can help you most right now with prep, insight into their firms, and insight into the industry.

Also-you said you’re at a target. Most targets have an IB club. If you haven’t joined yet reach out to the people you need to reach out to to join.

PM me if you need any help or want me to go more in-depth

Array
 
Sep 17, 2020 - 10:35am

Thank you for the note. I was in the IB club at my old school, which was only a target for a certain workshop(guess which school).This is my first year at this target, and there isn't an IB club, but selective investment clubs mainly targeting first years. I put all my eggs into one basket and applied to the 4 main ones, but was ultimately rejected by them, and now i have no ECs. Im now trying to secure internships for the following summers through obtaining a high GPA and networking.

 
Sep 17, 2020 - 10:48am

Okay, so right now I think your best shot for finding an IB internship either next spring/next summer is through some alumni that run a small shop. Hop on LinkedIn (buy the $30 premium or do the free trial if you haven't) and do a general "Investment Banking" search in people and then add your school as a filter. Go through and try to find some old alumni that have their own shop. Try to get their email either by connecting with them or pulling it from their website. Then just send them a genuine email asking to have a conversation. From that, if the call goes well you can go for the hard or soft ask. A hard ask would be like "Are y'all still looking for interns for spring or summer?" A soft ask might be "How can I best position myself to get an internship somewhere in IB next summer?" One is more straight forward, and the other is leaving it up to the person to bring up if they take interns. I'm still in undergrad too, so take my opinions with a grain of salt. This is just what I'd try to do in your situation. 

Array
 
Sep 17, 2020 - 10:53am

Also, I forgot to mention this in my original comment. When you're reaching out to larger firms(anything that has more than like 30-40 employees) reach out to analysts and associates first. When you're reaching out to small local middle-market boutiques definitely try to aim a little higher on the totem pole. Sometimes these small banks don't have any type of structured internship program at all. If you make a good impression on the main MD they might decide to create an internship for you. Analysts and associates don't have the power to create an internship out of thin air at these small shops. They also more than likely won't go out of their way to get the MD to create one just for you. I hope that makes sense.

Array
 
Sep 17, 2020 - 10:38am

Why didn’t you get accepted into IB club?

"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
 
Sep 17, 2020 - 10:50am

I don't know why exactly i didn't get in. I don't want to seem pompous, but i had pretty good stats and a decent pitch. Not trying make excuses, It was most likely because the organizations receives hundreds of applications, and generally take 15 students a year. Also, I took a gap year in between my transfer, and that could have negatively affected my resume. 

 
Sep 17, 2020 - 10:58am
"Full speed ahead, damn the torpedoes." -U.S. Navy General Farragut
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