Q:Hello, as a young person about to start college and still undecided about careers, I've been looking into investment banking or stock brokerage.But I've heard it's incredibly harder to get these jobs without connections to investment banks and firms without connections and contacts. Since I have none of these "connections", is it worth pursuing? Or is there a way to somehow build contacts?
Connections would be great, but many bankers didn’t have them before they started networking. You’ll have plenty of opportunities to network once you’re in college- career fairs, alumni, and lots of other events.
That said, do you live in Australia? I’m not very familiar with banking “down under”, but a friend of mine who studied there told me it was harder to cold call, not because the culture is formal, but because bankers are usually more senior. Honestly, regardless of your background, connections, or the countries culture, you can’t go wrong be simply trying. In fact, my friend ended up with a summer internship in banking.