Strategies for Building Relationships in Finance

Aimless networking won’t get you an interview: If you’re reaching out to people with: ❌ “Hey, are you hiring?” ❌ “Can you refer me for a role?” ❌ “I need a job—can we chat?” Then, you’re doing it wrong. Networking isn’t about ASKING for a job. It’s about BUILDING RELATIONSHIPS that create opportunities. Here’s how to have networking conversations that actually lead to job interviews: 1️⃣ Start with Genuine Interest and Intention of Building the Relationship After some research on the connections, reach out with curiosity, not desperation. Example: “I admire your career path in [industry]. What are some challenges you’re seeing within this space?” 2️⃣ Focus on Their Experience People enjoy sharing their journey. Ask thoughtful questions: ✔ What expertise have you developed in this role? ✔ What are the 2 biggest challenges you’re working on now? ✔ What skills have been most valuable for finding workable solutions? 3️⃣ Share Your Value—Naturally Instead of asking for a job, share what you’ve been working on (or had success in) that is relatable. Example: “I’ve been leading [specific projects] and applying my expertise in [industry]. Sometimes that experience can be a solution to X (one of the challenges they mentioned). 4️⃣ End with a Soft Ask and offer to be a resource for them. Don’t force a referral—invite guidance. Example: “Based on what I’ve shared, who else in your network would be appropriate to be introduced to?” 5️⃣ Follow Up & Stay Visible Keep the relationship alive—send a thank-you note along with a resource for them. Engage with their content, and if you met with a person they referred,  update them on your progress. The best networking is an exchange. It’s strategic and relational. Networking can be challenging if you view it one way.  Make it mutual. Let me know in the comments if you agree that both parties need to benefit from networking conversations and how you prepare to make that happen.

In my early career, I thought networking was all about building as many connections as possible. But I quickly learned that effective networking isn't about the quantity of your connections—it's about the quality. Throughout my career, the connections that have truly made a difference weren’t the ones where I just asked for help—they were the ones where I made it easy for others to want to help me. If you want to make others genuinely want to help you, it’s crucial to move beyond simply asking for favors. Instead, focus on creating value and building relationships where both parties benefit. So, how can you do the same? Here are four tactical tips to help you network effectively: ✅ Do Your Homework Before reaching out, research the person or company you’re interested in. Understand their work, challenges, and how you can add value. For instance, instead of asking a connection for job leads, do your own research first. Identify specific roles and companies you’re targeting, and then ask if they can help with an introduction. This approach shows initiative and respect for their time. ✅ Be Specific in Your Ask Whether you’re asking for an introduction, advice, or a referral, be clear and concise about what you need. For example, instead of asking, “Do you know anyone hiring?” say, “I noticed [Company Name] is looking for a [Role]. Would you be open to introducing me to [Person]? I’m happy to send you my resume and a brief write-up you can pass along, too.” This shows that you’ve taken the initiative and makes it easier for your contact to say yes. ✅ Offer Mutual Value When requesting a meeting or advice, frame it as a two-way conversation. Instead of saying, “Can I pick your brain?” try something like, “I’d love to exchange ideas on [specific topic] and share some strategies that have worked for me.” This not only makes your request more compelling but also positions you as someone who brings value to the table. ✅ Follow Up with Gratitude After someone has helped you, don’t just say thank you and disappear. Keep them in the loop on how their help made an impact. Whether you got the job, secured the meeting, or just had a great conversation, let them know. This closes the loop and makes them more inclined to help you in the future. Your network is one of your greatest assets—nurture it well, and it will be there for you when you need it most. What’s one networking tip that’s helped you build stronger connections? *** 📧 Want more tips like these? Join Career Bites - free weekly bite-sized tips to supercharge your career in 3 minutes or less: lorraineklee.com/subscribe 📖 You can also get behind-the-scenes stories, updates, and special gifts for my upcoming book Unforgettable Presence: lorraineklee.com/book

The most important career advice I NEVER got? Relationships unlock opportunity. The difference between professionals who plateau and those who thrive often comes down to one thing: the strength of their networks. Easier said than done. Even if I had understood this, I would have needed guidance on HOW to do it. Real network-building requires intention, generosity, and authentic human connection. After years of trial and error, I've identified 20 strategies that consistently create powerful professional relationships. Here are 10. The rest are in the visual. 1. Practice the 5-minute favor rule ↳ When meeting someone new, ask yourself, "What can I do in 5 minutes that would meaningfully help this person?" ↳ Example: Send a relevant article or make a quick introduction. 2. Follow the 2:1 giving ratio ↳ Provide value at least twice before asking for anything. ↳ Example: Share and comment meaningfully on their LinkedIn posts. 3. Be 'interested, not interesting' ↳ Focus conversations on the other person rather than trying to impress. ↳ Example: Ask follow-up questions about their challenges rather than discussing your own achievements. 4. Leverage commonality ↳ Find unexpected shared interests beyond work. ↳ Example: Discovering you both enjoy pottery or hiking specific trails creates stronger bonds than just industry connections. 5. Practice conversational generosity ↳ Introduce people to others in group settings. ↳ Example: "Sarah, you should meet Alex. You're both working on similar AI ethics challenges." 6. Make specific, actionable asks ↳ Be clear about what you need. ↳ Example: "Would you be willing to review my presentation deck for 15 minutes this week?" 7. Connect with 'dormant ties' ↳ Reconnect with valuable past connections. ↳ Example: Reach out to former colleagues and share specific memories of working together. 8. Diversify your network ↳ Intentionally connect with people outside your immediate field. ↳ Example: A finance professional joining a technology meetup to gain fresh perspectives. 9. Maintain a personal board of directors ↳ Cultivate relationships with 5-7 trusted advisors. ↳ Example: Monthly check-ins with mentors who provide different perspectives on your career decisions. 10. Adopt the sweat equity approach ↳ Volunteer for industry organizations or committees. ↳ Example: Join the planning committee for a conference to create natural connections with speakers and organizers. The most valuable asset in your career isn't your degree, certifications, or even your experience It's the web of relationships you thoughtfully build along the way. What are your successful relationship building tactics? ♻️ Repost to share these ideas with your network. 👉Follow me Stephanie Eidelman (Meisel) for more ideas about how to enhance your network and your career. 📫 Subscribe to Women in Consumer Finance to access all of our carousels, cheat sheets, and other content. (https://hubs.la/Q03dY9_n0)