投行就业入门

投行就业入门

Investment Banker是很多学生的dream jobs,感兴趣的同学不妨读一下这篇 投行就业入门 吧

The Hitchhiker’s Guide to Becoming an Investment Banker

If you are reading this article, chances are that you are the one in the thousands of persons who aspire to be an Investment Banker. With these series of articles we aim to give you investment banking career tips gathered from our network of investment bankers.

It is no secret that as an investment banker, you need to prepare yourself for long hours of meticulous work. A clear understanding of the business world and stellar analytical and communication skills are also required. A typical day at work generally starts at 8:30am or 9:00am and it is rare for an Analyst or Associate to leave work before 10:00pm. Many days are well beyond midnight, especially if you are in the midst of a live transaction. The busier the group you are interviewing for the longer the hours generally. Smaller shops with smaller and less frequent deals generally have lower hours but also generally lower compensation.

The hours for junior bankers tend to get busier after lunch as the Directors and Managing Directors spend the morning generating work for the junior bankers. Travel is frequent but far less than consulting. In general expect a day trip every two weeks at the Analyst level and one day a week at the Associate level (note this fluctuates meaningfully by office geography and firm). The type of work you will be doing will generally take the form of the different types of analysis I noted already above (such as leveraged buyout modelling, equity comparables, etc.). You will spend a great deal of time with those in the class you enter the firm with, especially those in your group. They are going through the exact same hardship as you and you get very close as a result. The good news about banking is that life gets easier at the Vice President level and much easier beyond that point. You then get more control over your hours and what you are working on. However, be prepared for some gruelling years before that point.

 

The Investment banker’s tool-kit

Earn your Bachelor’s or Master’s degree from an accredited college or university. Choose a major in a finance-related field, such as business administration, economics, marketing or math. Engineers with strong Quant abilities also stand a good chance.

Sharpen oral communication skills with course work in speech or broader communications classes. Become a confident speaker, as investment bankers make frequent presentations to clients to attempt to gain their business.

Take classes specializing in business or proposal writing. One of your tasks as an investment banker may be writing proposals to outline how a business deal will progress.

Follow trends in the investment banking industry by reading financial newspapers and journals. This is a good way to find current job postings as well. Knowing the environment and especially the history of a company with which you are interviewing is more likely to make a good impression on the interviewer.

Think traditional and conservative when preparing to apply and interview for investment banking jobs. Print your resume, cover letter and thank you letters on unadorned resume paper. Wear appropriate business attire when meeting with a prospective employer.

Consider entering the field at an entry or lower level position such as an analyst. It is difficult to break into the industry of investment banking, but gaining some solid work experience at a large, reputable firm may make it easier.

Continue your education if you are not satisfied with the results of your job search. While not necessary for every investment banker position, a Master’s in Business Administration (MBA) is quickly becoming a requirement for some highly sought-after jobs and is highly recommended.

Learn everything about the company you are applying to.

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