With the fierce competition in the investment banking industry, it’s not easy for fresh graduates to land an entry level investment banking analyst job. However, with proper preparation and strategy, it’s possible to break into this competitive field. This article will provide insights on how to find and successfully get entry level investment banking jobs as a new grad.
Perfect your technical skills for entry level investment banking analyst jobs
For fresh graduates aiming for entry level investment banking jobs, it’s crucial to develop key technical skills like financial modeling, valuation, accounting, Excel, PowerPoint, etc. Build modeling skills with courses and personal projects. Master accounting concepts and Excel shortcuts. These hard skills will help you perform well in interviews.
Understand the recruitment process and timelines
Investment banks start recruiting for entry level positions up to a year in advance. Understand the typical application cycles and deadlines. Networking and recruiting events happen early. Adjust your preparation timeline accordingly. For example, internship recruiting starts as early as sophomore year.
Network extensively to increase visibility
For entry level investment banking jobs, networking is key to increasing visibility. Attend career fairs, info sessions, coffee chats, and other events to connect with professionals and recruiters. Join finance clubs on campus and seek out alumni in the field. Make use of LinkedIn to connect with relevant people.
Research firms and roles to find the best fit
With extensive networking, identify the firms and groups you vibe with. Each bank’s culture varies. Research thoroughly on firms to find the right fit for your personality and interests. Look into different groups like M&A, ECM, DCM, LevFin etc. and choose what excites you.
Craft your resume to highlight relevant experiences
Customize your resume for every application, highlighting experiences valued in investment banking like internships, finance-related extracurriculars, and hard skills. Quantify your achievements with numbers. Perfect your resume with feedback from multiple sources.
In summary, land competitive entry level investment banking jobs through strong technical skills, extensive networking, focused firm research and resume customization. Perseverance and hard work are key.