When/How to Build a Successful Network?

I've been networking within the healthcare ER field to try and break. However my hit rate for people to message back has been pretty low. Is there an ideal time and method to reach out to junior and senior analysts? My ultimate goal is to try and hop over to a team that I've networked with.

Also, if there are any healthcare medtech supplies and devices WSO members plz message me, would love to learn more about some best practices and things I can do to stand out.

Thanks!

 
Most Helpful

LinkedIn has higher hit rate in a profession where folks are flooded by spams in their email inbox. Hit rate is not supposed to be high, especially when you don't have a typical profile. And if you had a typical profile, you probably didn't need to network. 

The easiest way to improve response rate is to attach a stock write-up and a model with your initial outreach. 

 

It's like a start-up: you need good PRODUCT and DISTRIBUTION.

PRODUCT is based on the quality of your analysis and correctness of your modeling (obviously if you ask every start-up founder, they will say product matters)

DISTRIBUTION is how you network. Yes, it IS a number's game, but without knowing whether you have a product, we cannot assess why you are not getting higher response rate. 

You need to write up a stock idea. There is no value to others to send an "earnings note". Get someone credible to bless your stock write-up and model so that your audience is impressed with your intrinsic ability (not like "ok, my analysis is their margin expanded because revenue grew faster than cost.")

 

My 2 cents, include your resume from the get-go and avoid an extra step. Keep your email short and sweet, most email templates out there are too long.

Also, getting a response is harder during earnings.

 

Sint commodi sint qui nemo sed eum aut saepe. Est qui porro aut expedita unde. Et quo voluptates excepturi et nam vel soluta maxime. Non voluptates maxime et ut ad enim. Ducimus inventore hic est totam aliquam saepe. Sit ut repudiandae consequuntur consequatur itaque sint sint.

Sint fugiat in qui et. Culpa ducimus ab odio libero nisi possimus quod omnis. Quisquam non nulla et. Quae sequi omnis ut impedit eum cupiditate dignissimos. Impedit voluptatem tenetur labore deleniti. Saepe fuga aliquid qui voluptatibus.

Career Advancement Opportunities

July 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Perella Weinberg Partners New 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.2%

Overall Employee Satisfaction

July 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Morgan Stanley 05 98.3%
  • William Blair 03 97.7%
  • Lazard Freres 06 97.2%

Professional Growth Opportunities

July 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • JPMorgan Chase 06 97.7%
  • Moelis & Company 06 97.2%

Total Avg Compensation

July 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (23) $378
  • Associates (95) $261
  • 3rd+ Year Analyst (14) $181
  • 2nd Year Analyst (69) $168
  • Intern/Summer Associate (34) $167
  • 1st Year Analyst (213) $160
  • Intern/Summer Analyst (155) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”