[Networking] What’s the response rate I should expect?

I’m networking relentlessly these days before being closed out of the hiring window. I’m making progress (received two interviews so far) but based on your experience, how many ppl out of 10 should I expect to hear back from?
I’m getting 1/20 lol. Career coach said I’m doing it right but 1/20 seems pretty awful.

 

Ah, the networking hustle! Based on the most helpful WSO content, the response rate can vary quite a bit. Some folks have reported a response ratio between 1/3 and 1/4. However, remember that not everyone who responds will necessarily result in a good chat or lead to opportunities. The ones who are willing to pass your CV to HR or tell you about opportunities might be around 15-20% of the total you contact.

So, if you're getting 1 out of 20 responses, don't be too disheartened. Networking is a numbers game, but it's also about quality. Keep refining your approach, be tactful, considerate, and show that you're intelligent and humble. And remember, even if the response rate seems low, it only takes one good connection to open the right door. Keep swinging from those branches, my friend!

Sources: Networking in (mostly Continental) Europe, an experience, How many candidates are genuinely qualified out of total applicants?, Response rate networking with alumni? Email, How do I respond to people asking for my resume while networking?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Sed qui rem rerum quia. Dolorum autem amet voluptatem placeat facere.

Laboriosam aut porro quia voluptate harum aut. Ducimus aspernatur quo eos assumenda rem. Mollitia atque nemo sint nulla sunt aut molestiae. Dolores rem quidem et sint consectetur et perferendis. Iure dolores veniam sit nostrum error nemo neque. Quidem qui suscipit quis qui totam recusandae. Nihil in numquam quidem deleniti.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 17 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (93) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (149) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
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...”