Preparing for investment banking coffee chats can seem daunting for students and young professionals trying to break into the competitive field of investment banking. With the right preparation and research, you can make a strong impression during these informal meetings. In this article we will provide the most important tips for preparing for investment banking coffee chats, including how to research the firm and employees, craft insightful questions, and put your best foot forward. Proper preparation for these networking opportunities is crucial for positioning yourself as a strong candidate. There will be multiple examples of investment banking coffee chat questions and how to frame them effectively throughout the article.

Conduct thorough research on the firm and employee background before the investment banking coffee chat
One of the most important things you can do to prepare for an investment banking coffee chat is conduct research on the firm and the employee you’ll be meeting with. Search the firm website and LinkedIn to understand their main service offerings, clients, deal experience, and office locations. For the employee, learn about their role, tenure at the firm, academic and professional background. This will allow you to engage in more meaningful discussion and ask informed questions. For example, you can ask ‘I saw you advised on the recent IPO of Company X. Can you walk me through what that process looked like from the banker’s perspective?’ Demonstrating this baseline knowledge makes you stand out.
Have a few well-crafted investment banking coffee chat questions ready to drive engaging discussion
Going into the coffee chat with a list of thoughtful questions is essential. Generic questions like ‘what does a typical day look like’ can be answered through basic online research. Craft open-ended questions that allow the person to share insights from their unique experiences. For example, ‘What skills have enabled you to advance in your investment banking career?’ or ‘What investments are you paying attention to in the current market environment?’ Make sure to have 4-5 questions ready, mixing technical concepts and personal career journey questions. Listen carefully and ask good follow-up questions to show your genuine interest.
Clearly communicate your background, interests, and goals for the investment banking coffee chat
Briefly communicating your background, interests, and goals for your career enables the person you’re meeting with to give tailored advice. You can say ‘As someone interested in healthcare investment banking, I was hoping to learn more about your path to banking and advice for someone looking to break into the field.’ This provides helpful context and gives them insights to share most relevant for your goals. You can also ask for suggestions of skills to develop that would be valuable. Demonstrating clear interest and initiative will leave a positive impression.
Send a prompt thank you note after the investment banking coffee chat
Following up after an informational meeting or coffee chat is crucial. Be sure to get the person’s business card or email. Send a thank you email within 24 hours highlighting something meaningful you learned and expressing appreciation for their time. Consider connecting on LinkedIn and staying in touch by sharing relevant articles. You can also reiterate your career interests, networking goals, and ask if they have additional people to suggest connecting with. Sending a prompt and thoughtful thank you strengthens the relationship for future opportunities.
Preparing thoroughly before an investment banking coffee chat enables you to make a strong impression. Researching the firm and employee, having thoughtful questions ready, communicating your background and goals clearly, and following up promptly will demonstrate your genuine interest and initiative. With practice and preparation, coffee chats are a great way to build your network and stand out in the competitive investment banking industry.