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Networks and Networking

https://thefinancialbrand.com/75258/banking-social-media-influence-strategies/

It is no secret that your network is perhaps your most important asset when job hunting. The long-standing tradition of “it’s not what you know, it’s who you know,” has proven valuable for those on the job market for decades; so much so that many schools offer networking sessions with large companies to help their students secure employment after graduation. With the career fair having just passed, I find this to be an incredibly relevant topic of conversation.

This article examines the concept of how networks have evolved throughout time, especially through the age of social media and digitization. In the past, your network was categorized in a Rolodex and may only be accessed when pertinent times of need came up; with the implementation of social media, networking is now more important than ever. Platforms like LinkedIn now exist for the sole purpose of keeping tabs on professional connections, allowing for even easier communication. This also allows for an even wider reach: through this network of connections, you can also find new ones with similar interests through mutual friends — an idea that we have studied in class through the Triadic Closure Property: two friends are more likely to have a connection if they are both tied to one mutual, central node. The author argues that this new age of connection is essential for banking executives to grow and develop their network and to stay current in their professional outreach with the rapid innovation coming into the financial sector in regards to tech.

I agree, and find this incredibly relevant. It is interesting to see properties studied in class applied to something that I use regularly and will continue to use throughout my professional career.

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