Everyone is drinking, peering into their screens and swiping on the faces of strangers they may have sex with later that evening. “Ew, this guy has Dad bod,” a young woman says of a potential match, swiping left.
Outside the US This objection has more truth to it than the others – networking into finance and going around the formal processes is not as common in regions like the UK and Australia.
Banks there are more focused on traditional recruiting – interviews, online tests, assessment centers and case studies, and so on.
I’ve referenced informational interviews many times, but have never given a step-by-step tutorial – or even said what exactly an informational interview is. There’s more detail within Breaking Into Wall Street, but I wanted to put this guide out there to answer the most common questions on informational interviews – and show you how to use them to break into investment banking. A banker is looking through a stack of 200 resumes. He sees your name written at the top and remembers meeting you at an information session a few months ago, then meeting up with you 2 weeks ago and how you got into a discussion about the World Cup. In case you think the story above is an anomaly, think again: the interview selection process is not rational at all.
It’s 3 AM and he’s also working on a last-minute pitch book for his crazy MD who only sleeps 2 hours a night. Rather than reading the rest of your resume and analyzing your experience, he says, “You’re cool” and puts you in the “interview” pile. The good news, though, is that it’s predictably irrational – or at least easier to predict than the stock market or the next trending topic on Twitter.
On objection #2, yes, bankers will think that you’re contacting them to win interviews at their firm… Bankers don’t do this for love – they won’t care that you’re “using” them if hiring you means less work for them.
On objection #3, informational interviews work at both the Analyst and Associate levels – you almost have to do them at the Associate level because your competition certainly will be.
To get an idea of specific numbers and what it will take to get noticed, check out this interview with an engineer who broke into investment banking via informational interviews.
Also note that even if your contact doesn’t pick you for an interview directly, he can tell other bankers about you, get you referrals, and help in other ways.
It’s setting up two or three Tinder dates a week and, chances are, sleeping with all of them, so you could rack up 100 girls you’ve slept with in a year.”He says that he himself has slept with five different women he met on Tinder—“Tinderellas,” the guys call them—in the last eight days. ”“We don’t know what the girls are like,” Marty says.“And they don’t know us,” says Alex.
Dan and Marty, also Alex’s roommates in a shiny high-rise apartment building near Wall Street, can vouch for that. “She works at—” He says the name of a high-end art auction house. And yet a lack of an intimate knowledge of his potential sex partners never presents him with an obstacle to physical intimacy, Alex says.
The app is only about a month old, but it's amassed about 200,000 users in the US and abroad — it's the No.