Business students have heard the buzz word “networking” plenty of times, but many don’t realize the significant role it plays in recruiting and getting internships. Big banks like Goldman Sachs, Deutsche Bank, JP Morgan, and Barclays travel to college campuses all over the country and the world and host information sessions, coffee chats, and even mock interviews. Many have “discovery days” where students can visit the offices and attend workshops with recruiters. A lot of this information is given at networking events, making them very important. It can be confusing to figure out what events to go to since college students are very busy, but if you have the time, it is beneficial to attend as many events as possible. There are ways to maximize your time at networking events which I’ve broken down below.
Information sessions can be hectic because there can be tons of students with a few recruiters. Usually recruiters will have a panel or presentation that discusses the company and different job functions with people giving their personal anecdotes of how they got to the company and why it was the best fit for them. This is the time to write down the names of the people whom you’re interested in talking to, along with some basic content that they said. If there are multiple panelists, it can get confusing to figure out which person said what, so bringing a notebook can be very helpful.
After the presentation ends, recruiters will often talk about “discovery days” or conference programs they have that will give you greater exposure to the company. These require applications, so paying attention to deadlines and requirements is important. The recruiters may end by going over internship timelines along with how the selection process works, and then open the floor for questions. Although it is important to ask questions, in crowded events like information sessions, you may not be able to get your question in. Don’t worry if this happens! At the end of these events, there will be time to speak individually with recruiters or at least get into smaller groups to ask your questions.
When this happens, it can be stressful because everyone is vying for the attention of the recruiters and it can seem competitive. Be patient, listen to others, and feel free to chip in to any conversations others are having while being respectful and not interruptive. If you can get a few minutes of one-on-one time with a recruiter, use that time to ask any specific questions or introduce yourself. Start up a conversation to connect yourself with the recruiter, and at the end, ask for their business card.
The key part of getting the business card is using it. Make sure to thank the recruiters you spoke with and even refer to specific points in your conversation, so they remember who you were amongst the many students that came.
Coffee chats are by far my favorite form of networking. They are usually one-on-one with a recruiter or an analyst and you can gain so much information from a short, 20-minute conversation. When companies come to campuses, they will have sign ups for coffee chats, so sign up as soon as possible. They often have a finite number of time slots, so getting yourself time with a recruiter is important.
I recommend bringing a copy of your resume to the coffee chat. Since this isn’t a formal interview, you can often ask the recruiter or analyst to look over your resume and ask them for any improvements or tips. It will show them that you are prepared and give you valuable insight. Since coffee chats are so personal, it is crucial that you come with questions in mind. From personal experience, these chats are driven by you, not the recruiter. They won’t have a presentation or elaborate talking points, so it is expected that you come up with good questions for them to answer. They can range from logistics questions about the application to division specific questions about company roles.
Because this is a one-on-one conversation, making a good impression and building your connection with the recruiter is important. They will be more likely to remember you since you did a coffee chat than someone they met at an information session. However, this will only happen if you keep in touch with them after the coffee chat. Getting their business card, asking questions and getting them to put you in contact with other analysts is a good way to maximize your coffee chat connection.
Some firms will offer interview prep sessions or even mock interviewers with recruiters. These are useful to go to because you get more insight into what interviews will be like and you get a chance to practice. If you’ve been to the information session, attended a coffee chat, and then attend the mock interview, you will be showing a greater interest in the company. Even though it is a practice interview, it is important to have some preparation done beforehand. You aren’t expected to ace the mock interview or be an expert, but showing that you are trying your best on the mock interview will send the signal that you are prepared and care about getting the internship. Some people are afraid of doing mock interviews because analysts or recruiters from the company are interviewing them and they don’t want to mess up, but these interviews are the time to get feedback and tips for improvement. As long as you try your best and seem prepared, you will come out with stronger interview skills and a greater connection with the recruiters.
Megha Karthikeyan is from Vienna, Virginia and attends the University of Virginia. She intends to double major in Economics and Commerce at the McIntire School of Commerce with finance and information technology concentrations. Megha will graduate from UVA in 2020. She hopes to work in the finance industry as a finance or risk analyst, but is also looking at working in investment banking.