K. WOODWARD PERSONAL FINANCE
  • WealthBlog
  • About
  • MyBooks
  • MoneySpot
  • Coach
  • Contact

On Investment Banking

What qualities do investment banks look for in new hire?

29/8/2012

2 Comments

 
Picture
​by Girl Banker

At junior levels all banks want just one thing: someone with the right attitude. They will train you to ensure you have the technical skills but underlying all that they want a go-getter, someone who is hungry to excel. That is the fundamental requirement.

In addition to having the right attitude, they look for:
  • Someone who has some technical knowledge or appears to have the ability to learn quickly
  • Personable people who will work well with others (‘team players’)
  • Charismatic people with a presence especially for advisory or sales roles
  • Self-starters i.e. people with initiative
Picture
Investment banks vet their applicants with extreme care. The majority of their hiring needs are satisfied through their annual recruitment of new graduates.

The vast majority of new hires are recruited after completing an eight to twelve week internship the year before they embark on full time employment. Many universities don’t emphasize this point hard enough: if you want to become an investment banker, do an internship a year before you graduate. 

That said, a résumé/CV looks more interesting if you have a variety of different experiences: one solid banking internship plus two or three other out-of-the-box experiences (charity work, other industry or business experience) will do much more for you than three banking internships. ​

​Who is Girl Banker® and how can she help you?

Picture
2 Comments
Gaurav
10/8/2016 02:07:46 pm

Hello ma'am.
I was browsing the internet regarding CFA information when I came across your blog.
So, I'll brief you about myself. I'm Gaurav Reshamwala, from India.
I'm 19(will turn 20 this November). I'm currently pursuing the Chartered Accountancy course, but to be honest, I'm doing it for the sake of it. I've even cleared 2 out of the 3 levels. But my CA final exam will be held after 3 years as I need to work as an intern in a CA firm.
To be honest, my main interest lies in Investment Banking.
So, it'd be very kind of you to guide me through my journey.
I've already registered for the Jun '13 CFA level 1 exam. It's the right decision, right?
Also, how is FRM(financial risk management). Will that help me in my goal of become an Investment banker?
I'd be waiting for your response.
Thank you! smile

Regards,
Gaurav Reshamwala.

Reply
Heather as "Girl Banker"
10/8/2016 02:09:16 pm

Hi Gaurav,

I would always say doing the CFA adds value to a prospective investment banker. As a starting point to guide you into the industry get a copy of To Become an Investment Banker: http://www.girlbanker.com/book.html

If you want me to work with you one-on-one then please choose one of my coaching packages: http://www.girlbanker.com/coaching.html

Regards
GB :)

Reply



Leave a Reply.

    RSS Feed

    Girl Banker®

    I created my investment banking blog in 2012 as soon as I resigned from i-banking & published my book, To Become An Investment Banker.

    Initially published at girlbanker.com, all posts were later subsumed into my personal website under katsonga.com/GirlBanker.

    With 7 years of front office i-banking experience from Goldman Sachs and HSBC, in both classic IBD (corporate finance) and Derivatives (DCM / FICC), the aim of GirlBanker.com was to make it as straight-forward as possible to get into a top tier investment bank. 


    ​I'm also a CFA survivor having passed all three levels on the first attempt within 18 months - the shortest time possible. 
    ​
    Picture
    Picture
    Picture

    Categories

    All
    Applying
    Bankruptcy
    Banks
    Book Reviews
    Capital Markets
    Career Progression
    Cfa
    Cold Calling
    Corporate Finance
    Cover Letter
    Derivatives
    Economics
    Equities
    Events
    Faqs
    Foreign Exchange
    Getting Rich
    Headhunters
    Initial Public Offering
    Inspiration
    Interest Rates
    Internships
    Interview Preparation
    Interview Questions
    Learn From Others
    Location
    Mba
    Miscellaneous Tips
    Money Management
    Networking
    Non-target Universities
    Recruitment Process
    Resume / CV Tips
    School Talks
    Technical Knowledge
    Terminology
    Who Is?
    Women

    Archives

    August 2017
    January 2017
    August 2016
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    March 2013
    January 2013
    December 2012
    November 2012
    October 2012
    September 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012
    August 2007


© 2007 - 2025 Heather K. Woodward, a massive personal finance fanatic.
** All views expressed are my own and not those of any employer, past or present. ** Please get professional advice before re-arranging your personal finances.
  • WealthBlog
  • About
  • MyBooks
  • MoneySpot
  • Coach
  • Contact