Getting into investment banking is seen by many as an extremely lucrative yet competitive career path. With Reddit forums dedicated to the field, there is a wealth of crowdsourced information on the prerequisites and strategies to break into IB. This article will analyze some of the top tips shared on Reddit for gaining the necessary skills, experience and networking to land an investment banking role.
Focus efforts on target schools and programs
Many Reddit users emphasize targeting recruitment efforts to schools and programs that place well into investment banks. Top-tier universities with strong business and finance programs tend to be recruiting grounds for banks. Candidates should research which schools have the best IB placement records. Some users also suggest directEnrollment into Master’s programs for IB recruiting, as banks recruit heavily from those pools.
Obtain relevant internships and experience
Gaining direct internship experience at investment banks, relevant companies or firms is key for prospects according to redditors. Even if unpaid, these positions allow face time with industry professionals and to learn the ropes. Other roles like at financial advisory firms or equity research shops also give exposure to dealing with clients, financial modeling and presenting pitches.
Master technical skills like Excel, financial modeling
Reddit threads emphasize the importance of technical abilities like financial modeling, data analysis using Excel, Powerpoint and presentations for getting your foot in the door and standing out. Some users share YouTube tutorials, online courses and practice data sets to build up these specialized skills that bankers utilize regularly.
Network internally and externally for opportunities
Networking is repeatedly highlighted on Reddit for surfacing openings or referrals at target banks. People suggest connecting with alumni in IB roles, attending on-campus info sessions, reaching out to other candidates on public forums like Reddit. Also key is networking with non-IB contacts that may have relevant connections.
Getting into investment banking requires intentional positioning through obtaining relevant skills and experience in the field, according to the Reddit community. A smart strategy can include targeting internships programs that feed into banks, mastering analytical tools like Excel, as well as relentlessly tapping networks to create paths for entering the competitive space.