Advice for Freshman Year Summer Internship and Networking
I’m currently applying for finance internships for this upcoming summer. Given that many major firms have already closed their applications, I’m thinking about reaching out through cold emails.
I go to a target school and have compiled a list of alumni working at smaller private equity firms nearby. What are the chances of success when emailing them to arrange coffee chats and inquire about shadowing or internship opportunities? Is this effort worth my time, or should I focus more on online applications?
One response
Reaching out to alumni through cold emailing can definitely be a worthwhile strategy, especially since you’re targeting smaller firms where they may be more open to informal conversations. Success rates can vary, but many professionals are willing to help fellow alumni, especially if you approach them respectfully and express genuine interest in their experiences.
Here are some tips to enhance your outreach and make the most of your efforts:
Personalize Your Emails: Make sure to tailor your emails to each individual. Mention your common connection as alumni, and refer to something specific about their background or the firm that intrigues you.
Be Clear About Your Intentions: When asking for a coffee chat, be upfront about your goals. Whether it’s learning about their career path, gaining insights into the industry, or exploring internship opportunities, clarify this in your initial message.
Keep It Concise: Professionals are often busy, so keep your email brief. A few sentences introducing yourself and a specific request will make it easier for them to respond.
Follow Up: If you don’t hear back after a week or two, it’s perfectly acceptable to send a polite follow-up email. Persistence can pay off, especially if they missed your first message.
Combine Strategies: While cold emailing alumni is valuable, don’t put all your eggs in one basket. Continue to apply for online internships and consider other approaches, such as attending networking events or finance-related workshops.
Leverage LinkedIn: In addition to email, LinkedIn can be a powerful tool for connecting with alumni. You might also find additional professionals to reach out to or follow their updates and engage with their content.
Ultimately, dedicating time to networking can open up opportunities that you might not find through traditional applications. Building relationships now can benefit you in the long run as you pursue a career in finance. Good luck!