Why networking opens doors after college | Om Prakash Senthil Kumar | TEDxLoyola College

Career & Business Advice - Networking is crucial for career advancement and business success, often outweighing academic achievements [1][3][7] - 70% of job opportunities are not advertised online, highlighting the importance of networking to access hidden opportunities [4] - Networking provides access to knowledge and experience that textbooks cannot offer, especially from seasoned professionals [8][9] - In business, networking builds credibility and trust, essential for successful partnerships and ventures [11][12] Networking Strategies - Effective networking involves bringing value to the other person, requiring preparation and understanding of their needs [18][19] - Introverts can network effectively by being objective and focusing on specific goals [20] - Curiosity, vulnerability, and providing value are key elements of successful networking [20] Psychological Aspects of Networking - Recruiters are often influenced by social proof and familiarity, making referrals and known candidates more likely to be hired [13][14] - The reciprocity principle encourages people to return favors, strengthening network connections [15][16] - Weak connections can be surprisingly helpful in networking, offering diverse perspectives and opportunities [10] Impact of Networking - Individuals with strong networks experience a 20% income growth in 5 years, compared to those without [10] - Networking leads to a 32% growth in CXO (CEO, etc) level promotions within 5 years [10] - Referrals account for only 7% of total applicants but result in 40% of total hires, demonstrating the power of networking [10]