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One purpose is to become known to as many employer networks as possible. Secondly, you may learn more about how companies in your field operate. However, you need to have a good agenda and great questions since the people you meet with do not have a lot of time to explain from the beginning. I did get one job from such an interview, but I understand that is rare. Unless you are in management, most large employers have an HR department that operates fairly using an application process.

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