Insider Secrets - Here's How to Land Your Job in Investment Banking
Business → Marketing & Advertising
- Author Agustin Valecillos
- Published November 11, 2010
- Word count 535
Investment banks facilitate the issuing of securities by companies and governments, sell securities to investors, manage the financial assets for high net-worth individuals and companies, and give financial advice on investments and securities. Long hours are the norm in the high-risk, high-reward job of an investment banker. The numbers of positions that open each year are very small yet there are usually 30 to 50 applicants for each opening. Many people want to become an investment banker. The competition for these positions is very competitive. Here is a guide on how to improve your chance of landing a job as an investment banker.
The first step is to determine what type of position you would prefer as an investment banker. The industry is segmented into bulge bracket companies, boutique companies and international companies. Boutique companies focus on a small segment of the market or a vertical market. This is a great way to gain experience. Turnover is usually lower in boutique companies and you have a better chance of getting training working for these types of companies. Bulge bracket companies are the large companies like Chase and Wells Fargo. The hours and demands at these companies are greater, the turnover is much higher and the pay is usually more. International companies are located outside of the US in cities with major finance centers like London, Tokyo and Paris. These positions usually require the ability to speak multiple languages fluently.
The best way to get a job as an undergraduate is to secure an internship with an investment banking firm. The internship will give you an opportunity to work one or two summers with the company. The company will be able to evaluate your ability to perform the duties of the position. If the company is pleased with your work, you have an almost guaranteed chance of being hired after graduation. This is the best way to eventually land a job in investment banking.
Another method of getting a job is to graduate with a high GPA from a school that is targeted by an investment banking company. These companies will interview almost exclusively at selected universities. It is not unusual for the company to fill almost 90 percent of the vacancies with students from these selected universities. Attending these universities will give you a better chance at being hired by one of these companies.
If you do not have an internship or graduate from an Ivy League school, the best chance you have to get a job in investment banking is through networking. You should actively use the alumni network at your school to make contacts with graduates that are currently working in the industry. They may be willing to give a chance to a graduate of their alma mater.
With the proliferation of social media, it is possible to network with people in the industry using tools such as Facebook, LinkedIn and Twitter. The best recommendation is to start networking your first year in school. This will allow you to build a very large network of contacts that you can call upon when you reach graduation.
Sometimes getting a position in investment banking depends on where you went to school, where you worked or who you know.
Next, I have put together perhaps the greatest gift of all times. Click here to get my 7-day free investment banking online course on 5 secret strategies to double your chances of getting an investment banking offer.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Do Compelling Marketing Pictures Unlock Sales Potential?
- Become an SEO Expert: The Benefits of Certification
- 8 Essential Steps for Hiring and Collaborating with Commercial Photographers
- Marketing Strategies for Mooncake Suppliers: Standing Out in a Crowded Market
- Discover The Hottest TikTok Trends Taking Over Your Feed!
- How Crypto PR Exists Beyond Traditional Marketing
- How To Automate Affiliate Marketing?
- Effective Marketing Strategies for Tradies: Boost Your Business in 2024
- The Dos and Don'ts of Creating Engaging Online Content That Keeps Your Readers Coming Back
- Unleash Your Inner Artist with Google's Mind-Blowing AI Generator!
- The Impact Of Social Media Algorithms On Marketing Strategies
- Redefining Success with a Holistic Approach to Marketing Measurement
- Dong Yuhui being accused of being racist against women because refusal to sell women's underwear.
- Creating Buzz in the Hallways: High School Advertising Techniques That Get Results
- How does social media marketing tie into a digital solution service?
- Custom DVI Cables: Everything You Need to Know?
- Diet Plan for Weight Gain
- Navigating the Dynamic Landscape of Hot Trends in SMM Panels
- Unveiling AI Brilliance: Leonardo Laboratories at the Fore of Innovation
- Unlock Your Career Potential: How Our Digital Marketing Institute Can Propel You Forward in Mumbai
- Social Media Marketing: Harness the Power of Online Platforms for Success
- Growing Your Business Online: How Gardeners Can Utilize Digital Marketing
- Measuring and Boosting ROI Across SEO, Email, & Social Media
- Navigating Challenging Business Conditions: The Power of Strategic Marketing
- Unlock Your Style: Fortnite Skins for Sale
- The Ultimate Guide to Color Grading: Techniques and Tools for Beginners
- Here Are Some Effective SEO Strategies For Startup Success
- How to Create an Effective Business Marketing Plan
- Traditional Direct Print Marketing Isn't Dead: Unveiling Its Untapped Potential
- New Age Student Recruitment: How AI is Revolutionizing International Enrollment