I was wondering how important referrals and networking really are for finance recruiting right now, especially for investment banking and private equity internships.
In consulting it sometimes feels almost impossible to get interviews without networking heavily first. Is finance similar or can strong applications still get you interviews without referrals?
Also curious what the best way is to approach networking .
IMO - very important. Primarily to help you prepare for interviews, getting the inside scoop at a firm (who is working on what, deal focus, team dynamics, process of interviews, etc.). If you manage to bond with people they are more inclined to pass on your application and advocate on your behalf for an interview invitation or the actual post-interview offer. If you take time to talk to someone, it shows your genuine interest and motivation. Beats every standard, mass communication on LinkedIn.
