This blog post was originally featured in Poets & Quants.

We understand the pivotal role that networking plays in the MBA experience. Effective networking is about the quality of your connections, not just the quantity. 

Explore Full-Time MBA Katie Chung's networking tips to start your MBA journey with confidence:

Why is networking so difficult?

That’s a question I have asked myself countless times throughout the MBA experience. Is it because I am an introvert? Or maybe I feel so awkward that I want to just back up out of a conversation (and hopefully no one will notice)! I can’t tell you how many pep talks I have given myself before a networking happy hour or a phone conversation with an alumni member. Just the thought makes me a little nervous.

However, after a recent discussion in one of my classes, I realized I am not alone in this feeling. Many classmates also dreaded those same interactions. I was shocked. As a self-proclaimed introvert, I understand why networking can be difficult for people like me. However, I learned from my classmates that networking can be tough even for extroverts.

Why is that? Well, I don’t have an answer to that question. But I can speculate. And what I have come to understand is that we put so much pressure on ourselves to talk to the right people and make a natural connection in what is normally a very unnatural setting. We forget what making a connection is all about.  Sometimes I forget there is an actual human being on the other side of my happy hour conversation or networking call.

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And it’s probably awkward for them too.

In my previous life as an actor and dancer, I felt the same way heading into an audition. Sometimes, I would put so much pressure on myself, I would forget there was a human being on the other side of the table who wanted me to succeed. Now that I have had this revelation, I wanted to equip myself with some tools to make networking a little bit easier. That involves trying to balance the art of making meaningful connections while also working towards my career goals.

Recently, I called in some back up; I talked to two of my classmates who pretty much beasted the networking game throughout their recruiting processes.  I spoke with Matthew Manriquez, who is heading to Morgan Stanley as an investment banking associate, and Kelly DeMoya, who is off to Accenture Strategy. My classmates gave some great tips for the pre-networking pep talk!

Quality vs. Quantity

That starts with finding a certain balance. According to Kelly DeMoya,, that means having meaningful conversations and ensuring you meet enough people from each company.

“Strike that balance of making sure you hit the right people, but you also really need to network everywhere in a finite amount of time.”

While we may hope to just have one conversation at each company or school, this approach is not always enough. First semester is filled with endless cases, practice problems, and team projects. It can be difficult to throw meaningful networking into the mix. So, remember to find the balance like Kelly has mentioned. It’s in genuine, quality conversations where you can find your advocates. These are the advocates who are in the room where it happens (Hamilton fan over here) and who will vouch for you.

With quantity it is two-fold. The first thought is, sometimes it takes a few conversations to get to the individuals who make decisions. Ultimately, those are the people you want to meet and get to know.  And second, the more people you speak with, the more YOU learn about the company.

Early on, I found it very helpful to keep track of a lot of the conversations I was having. I wanted to make sure I remembered what I learned and who I spoke with. I made a spreadsheet of my notes. Future business school me would be so impressed! If my goal was to try to connect with another employee, I made sure to remind myself so I could include it in my thank you email.

Remember you are building a career. The goal is that you are as much a fit for the company as it is for you. So learn as much as you can.

Know Your Outcome

When juggling so many coffee chats, happy hours, and classwork, it can be difficult to bring your full self to each event. But it is important. It is important to know what the bottom line of this conversation or happy hour is. Bottom line: Know why you are there!

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Matthew Manriquez emphasized the importance of knowing your outcome and he dropped the mic with this one.

“Have an outcome in mind for every interaction you are going to have.”

Seems simple but can be difficult in practice. It is easy to go through the motions and check things off a list. The question is, where does that lead?

“It’s important you know what your objective is so you can structure your conversations accordingly while not coming across as too transactional, Matthew adds

This is really helpful to me in the quantity aspect. When recruiting for a job or a school, it may require speaking with a lot of people. However, a conversation with an alumni or future team member can be very different from a conversation with a recruiter or admissions officer. A recruiter is not in the job day-to-day; they will know about the company culture and recruiting timeline. But it’s your future teammates who will know what it takes to be successful. Go into your conversations understanding why you are there and what you would like to get out of it. Whatever it is, know before you go!

Level Up

Networking is a marathon, not a race. That requires you to keep track of your conversations, says Matthew Manriquez. “If you are having repeated interactions with a school, person, or company, there should be a leveling up of your questions. For banking I shouldn’t be asking the same questions I asked in August versus October.”

And that is a great point! Use early conversations to get to know the basic details, such as the job and travel requirements. As you move through the process, level up your questions. As you begin to have conversations with future teammates and bosses, use that time to dig deeper and understand what the work is really like. For example, you can inquire about what keeps team members motivated or what constitutes growth in the position. These deeper conversations will build your rapport with the company.

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Be Yourself

As discussed earlier, there is a person on the other side of your conversation and they have likely been in your shoes. As important as it is to make a good impression, you want to make sure it is a true impression. This is hard. It has always been difficult for me to balance ‘serious, best foot forward, business Katie’ with the ‘awkward, slightly introverted Katie.’ I have found my pep talks before any networking event to be very helpful. There are three points I like to make: focus on making genuine connections, be myself (which is not always easy) and now I remind myself why I am there (thanks Matthew!).

Hard skills can be learned. If the fit isn’t right, that is a bit more difficult to change says Kelly DeMoya. “Really making it about connecting with the person it’s easy to forget that there is that relationship component.”

The people you network with are in your industry, in your city and potentially on your MBA team. These are people whom you can hopefully help one day. Take networking as a time to make lasting connections. When you remember to be a human and put meaning behind your conversations who knows: your 20-minute coffee chat could lead to a lifelong career supporter and teammate.

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Networking is a crucial skill for MBA students and professionals alike. It opens doors to new opportunities and provides insights that are critical for career advancement. At Rice Business, we equip our students with proven professional networking tips that help them stand out and connect effectively in any professional setting.

Ready to harness the power of effective networking? Dive deeper into our networking strategies for MBAs and start building relationships that propel your career forward. Remember, the right connection can open the door to countless opportunities. Begin your journey to networking mastery and professional growth at Rice Business. 
 

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Owl Have You Know

Runsi Sen ’04 talks about her transition out of the corporate world and the life circumstances that led her to found an ovarian cancer non-profit foundation, Ovarcome.

Subscribe to Owl Have You Know on Apple Podcasts, Spotify, Youtube or wherever you find your favorite podcasts.

Yan “Anthea” Zhang, the Fayez Sarofim Vanguard Professor of Management at Rice’s Jones Graduate School of Business, is the new president-elect of the Strategic Management Society (SMS).

The SMS consists of over 3,000 members from more than 80 countries including academics, business practitioners and consultants. Members work on developing and sharing strategic management insights around the world.

“I seek to both expand SMS’s presence on a global scale and increase the diversity and inclusivity of our community,” Zhang wrote in her nomination statement.

The organization is governed by a 14-member board of directors, who elect presidents for a six-year term. Zhang will serve as president-elect for two years, starting Jan. 1. She will be president the following two years and past-president for the last two.

Zhang aims to increase SMS’s international reach, further engage practitioners and leverage the diversity of SMS membership. She has previously served the society as associate editor of its Strategic Management Journal, representative-at-large for its Global Strategy Interest Group and representative-at-large for its Corporate Strategy and Corporate Governance Interest Group.

“I am honored to have been part of SMS for the past two decades. … I intend to work closely with all members to make SMS a more inclusive and impactful society,” Zhang wrote.

Owl Have You Know

Sean O. Ferguson ’01, former associate dean of Rice Business, catches up with host David Droogleever. Sean covers his career path from electrical engineering to pursuing a doctorate in global education and his current work as the associate dean of the Asia School of Business in Kuala Lumpur.

Subscribe to Owl Have You Know on Apple Podcasts, Spotify, Youtube or wherever you find your favorite podcasts.

Rice University’s Jones Graduate School of Business placed in the top 10 of five categories in The Princeton Review’s latest rankings of the Best Business Schools for 2021, including the No. 6 spot for its newest program, MBA@Rice.

Rice Business ranked highly in both the On-Campus MBA and Online MBA classifications. MBA@Rice graduated its first cohort this past May, making it eligible to be ranked.

The Princeton Review rankings are based on data from its surveys of nearly 24,000 students enrolled in MBA programs at 369 schools and of administrators at those schools. Among the factors assessed were career outcomes, technological infrastructure, academic rigor and affordability.

Rice Business was in the top 10 in the following categories:

On-Campus MBA Programs

• Best MBA for Finance — No. 5.
• Most Competitive Students — No. 5.
• Best MBA for Consulting — No. 6.
• Best Classroom Experience — No. 10.
• Top 50 Online MBA Programs — No. 6.

“All courses at Rice Business are taught by a team of dedicated, nationally recognized faculty who integrate insights from their own rigorous, peer-reviewed research to help students understand topics in accounting, finance, marketing, organizational behavior and strategy in the context of today’s business landscape,” said Rice Business Dean Peter Rodriguez.
 

Today’s rankings are a reflection of the school’s commitment to excellence in teaching and serving our students.

Peter Rodriguez

Dean of the Jones Graduate School of Business