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💪 When you're having a coffee chat with an investment banker, it’s CRUCIAL to come prepared with a list of 10-12 thoughtful questions.
🧐 The goal is to focus the conversation on them—NOT YOU. 💬 You’ve asked for their time, so make sure to get them talking about their journey and insights!
Here are some questions to consider:
✅ What helped you break into investment banking and be successful?
✅ As an associate, what qualities do you see in analysts that make them stand out?
✅ Why did you choose a product group over an industry group (or vice versa)?
✅ What’s your day-to-day like? Do you spend more time modeling, working on live transactions, or preparing pitches?
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In most cases it's AI. Does that mean that it's not available for people to listen to? Yeah, of course not. People can absolutely listen to it. I heard, I think that it was Bammel. I heard somebody tell me that they were like having an information with an analyst at Bammel and they said that they were forced to watch those things. And they said they would usually sort of like listen to the first question and then just kind of put it off on the side and stop and stop listening. But I think mostly what you're responding to is, is AI, which is also part of the reason that you want to try and follow that, you know, follow that star format. So that what? Are you saying is coming across clearly and you want to make sure that you're addressing, specifically addressing the question that's being asked. Tell me about, you know, one of your biggest strengths or something like that. One of my biggest strengths is blah, blah, blah, blah, blah. And there was a situation in which this occurred through and then you walk through your story. I, I wish I could tell you exactly, you know, exactly what it is that they're looking for. But from my general point of view, again, not necessarily speaking to, to, to AI in all of these questions, you want to be clear, you want to be concise and you want to get your point. Across the worst thing that you can do is just feel like you're kind of going through like a stream of consciousness converse, you know, discussion and never really getting to the point. And again, that's part of the, the getting these seven stories together is feeling like you have this clear, concise response that you can utilize as opposed to just kind of trying to come up off the cup with, Oh yeah, there was this time when I did this. And then you start going through this meandering story and then try and wrap it all up at the end. And it doesn't really make a, doesn't really make a ton of sense. I mean, they'll generally be informal. That's I would just be ready with, again, you're sort of like, I mean, you can bring a folio with you with your resume for sure, right? Just have a copy of your resume ready. If they ask for it, you can, you can hand it to them. You know, you can kind of have your 10/12/15 question list in there. Take it. I mean, I wouldn't pull it out while you're sitting in the meeting with them, but you know, you can kind of take a quick look at it beforehand. But then, yeah, it's just, I mean, sit down and kind of, you know, again, get them talking. Your goal is to is to get them, get them talking about them, about themselves, asking them about their experiences and you know, some of the, some of the choices that they made throughout their career. But that's, that's really it. I mean, you know, certainly be aware of your dress. London's more formal. I will tell you banks have definitely toned down a lot in the last five years. Do you need to show up in a in a shirt and, you know, in a suit and tie? Probably not. Does it hurt? No, You can always just take the tie off. If the other person is more casual, I would say at a minimum jacket and, you know, button down or whatever. Don't wear brown shoes in London. They get very upset about that. So just do black, you know, black shoes. That's a good question. Most of the people I talked to, it's phone calls. But I mean, how would you close a coffee chat It it's a little bit tougher because you don't necessarily know when is the coffee chat gonna end? Is it 30 minutes? Is it gonna be 45 minutes? Have they finished their coffee? Like what's going? You know, they trying to they trying to jump out of here. It's a little bit, you know, it's a little bit hard maybe as they're kind of wrapping it up or saying like, hey, you know, I got to get back. It was nice to meet, you know, maybe at that point in time say, you know, absolute pleasure to meet you really appreciate your time. You know, if you don't mind maybe one more, you know, one more quick question. What kind of last minute piece of advice would you have for me as I'm looking to put in my. Applications for these upcoming roles in in in order to kind of best position, my best position, my candidacy. You don't want to like drop a bomb on them when they're trying to walk out the door. But maybe if you feel like things are wrapping up, you can kind of toss that in there. And then you can sort of be the one to to kind of end the coffee chat, you know, so maybe again, keep, you know, keep an eye on it. I would say most in person coffee chats probably go for more than 30 minutes just as a, as a general guideline, But maybe if you're coming up on 45 minutes or so, you know, just say, look, totally appreciate. I know I've kept you for kept you for awhile, if you don't mind. If I could just ask you one more question and then just drop it in there and then just kind of see, you know, see if it wraps up at that point. I mean, look, if the conversation keeps going after you ask that question and after they answer it, great. Then that's probably a good thing. And you've already got the question in there and you've already got the answer anyway. And then they want to keep chatting. It's probably on personal stuff anyway. I would strongly recommend putting a list of 11:50 questions together of things that you want to ask them. So the goal is that you need to ask them questions. You're asking about them. You're not talking about yourself. You've asked them for their time, you've asked them. To to speak what what did you do that you know helped you be successful breaking in? You're an associate. What qualities do you find that analysts portray that that are most successful? You chose a product group versus an industry group. Why you chose an industry group versus a product group? Why you know, things that are just again, getting them talking, getting them talking about themselves and things that are that are hopefully interesting to you that you want to learn about and understand. So that as you go through, I mean, obviously don't walk into the coffee chat and say what is an analyst do because you need to. Know that what kind of stuff do you find yourself performing in your role at this bank? You know, do you find yourself spending most of your time modeling? Do you find yourself most of your time working on live transactions or working on pitches? That stuff I think would be interesting, right? Because I don't want to walk into a bank where I'm going to spend 99% of my time pitching. So that type of stuff.
Private Equity Analyst Intern (Winter ‘25) | Aspiring Financial Analyst Intern (Summer '25) | President of Seneca Finance Club | Varsity Leadership Team
3dGreat advice!!!