Mastering Cold Emails & Networking for Investment Banking
Episode 21 | June 23, 2025
Breaking into investment banking requires more than technical skills, it demands the ability to network strategically and communicate with confidence. In Episode 21 of the Adventis Coffee Chat Podcast, host Ben spoke with Chun, a University of Illinois student pursuing a career in investment banking, about how to approach cold emails, build meaningful connections, and prepare for interviews.
Why Networking Matters Early
Chun shared that while he felt confident in his technical preparation, having completed both Level I and Level II of the Financial Modeling Certification® (FMC® Program), networking was the area he needed to strengthen.
“Before I came into my freshman year, a senior gave me a Breaking into Wall Street guide and recommended I do Adventis over the summer. That gave me a head start on the technicals,” Chun explained. “But networking-wise, I still have a lot to learn.”
Ben reminded listeners that technical skills are perishable and must be revisited regularly. But just as important is developing strong outreach skills to build lasting professional relationships.
The Three-Part Framework for Cold Emails
Ben outlined a clear structure for writing effective cold emails that stand out:
Point of Connection: Establish how you’re connected. For example: “I’m a current University of Illinois student reaching out to an alum.” Even a shared hometown or mutual LinkedIn connection works.
The Ask: Be concise and specific. Instead of a vague “I’d love your advice,” try: “I’d appreciate your advice on how I can best prepare for recruiting this fall.”
Close the Deal: Offer three specific times you’re available. This makes it effortless for the recipient to say yes.
“If you don’t include times, you’re giving the banker a homework assignment,” Ben stressed. “Be proactive. Make it easy for them to reply with, ‘Thursday at 4 p.m. works.’”
Following Up with Professionalism
What happens if you don’t hear back? Ben advised waiting one week before sending a polite follow-up:
Keep it brief: “Just bringing this back to the top of your inbox—excited to get your advice on X.”
Update your availability with new dates and times.
Limit yourself to two follow-ups before moving on.
When it comes to post-call follow-ups, specificity is key.
“Always thank them and reference something they shared,” Ben explained. “That shows you were listening and value their perspective.”
Staying Top of Mind
For long-term networking, Ben recommended sending occasional updates rather than repeated asks:
“Tell them how your goals have evolved, what you’ve been working on, or even that you’re transferring schools. People want to see your progress.”
Chun asked how to handle maintaining connections if he transferred to Vanderbilt. Ben reassured him:
“It’s not like a sports team—you’re building real professional relationships. Alumni care more about you as a person than the school name.”
Bringing Energy to Interviews
”Finally, Ben highlighted the importance of presentation during networking and interviews:
“No one wants to work with a frowny, quiet person. Dial up your energy 20–30%. Show enthusiasm through posture, smiles, and curiosity.”
He encouraged Chun to use networking calls as practice grounds, delivering his “tell me about yourself” pitch and asking for feedback directly.
Takeaways from Episode 21
Cold emails work when concise and intentional. Lead with connection, ask for advice, and make scheduling easy.
Networking is about giving, not just asking. Updates and genuine interest build stronger long-term connections.
Energy and presence matter as much as technicals. Recruiters and bankers want to work with people who bring positivity to the room.
Whether you’re a freshman like Chun or a senior preparing for full-time recruiting, mastering cold emails and networking can set you apart.
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