Networking in IB

Hey there,

Some companies offer referral bonuses and incentives, so sometimes they would benefit financially if they gave you some of their time. Also, sometimes networking could be as a result of doing a favour to a mutual connection (i.e. leveraging your network to join you with there's). 

There could be many reasons that you could craft a benefit, but also some people are just more altruistic in nature

All the best

You’re absolutely right—networking plays a huge role in getting into investment banking, especially if you’re not coming from a target school or a typical path. A polished CV isn’t always enough to get past the resume screen, but a well-timed referral or a supportive insider definitely can.

Now, yes—bankers are busy, and a lot of them won’t reply. That’s just the reality. But many do respond, especially if your outreach is respectful, thoughtful, and personal. The benefit to them? A few things:

• Some genuinely want to help. They remember what it was like to break in.
• At some firms, referrals reflect well on them internally.
• And sometimes they’re looking to mentor or connect with sharp, hungry people—it doesn’t hurt their network either.

What matters most is how you reach out. A generic message like “Hi, I’m interested in IB. Can we connect?” usually gets ignored. But something like:

“Hi [Name], I came across your profile while learning more about [firm/team], and I’m really interested in your path from [non-traditional background / university / previous role]. I’m currently [your brief background], and I’d really value the chance to ask you a few quick questions about your experience. I’d be grateful for even 15 minutes if you’re open to it.”

That kind of message is short, respectful of their time, and shows you’ve done a bit of homework—not just sprayed 200 people with the same message.

A few other ways to build real connections:

• Start early and warm: Don’t wait until you need an internship to reach out. Start months ahead and just aim to learn. Real relationships are built over time.
• Be human: People respond to effort and personality. Follow up if someone gives you time, say thank you properly, update them if something changes. It’s not just about getting a job—it’s about showing you’re someone worth helping.
• Use alumni networks: Even if your school isn’t a target, find grads who went into finance. They’re far more likely to take your call.
• Look for off-cycle opportunities: Some boutique or mid-market firms don’t have formal processes. Networking is your in.
• Stay consistent: It’s a numbers game. If 1 in 10 responds, and 1 in 3 of those chats turns into something useful, you’re making real progress.

So yes—networking works, even if you’re not from a target. You just have to approach it like an actual strategy, not a favor you’re asking from strangers. If you do it well, and keep at it, it’s often what makes the difference between being overlooked and being referred.

Surprisingly, lots of analysts and associates on LinkedIn will respond if you keep it short and simple. They’re often happy to help because they’ve also started somewhere sometime. Also, try alumni events or cold emails. Those worked for me too.