Coffee chats and informational interviews are important ways to build connections and gain insights into investment banking. When meeting investment bankers for coffee chats, you need to prepare thoughtful questions to ask to leave a good impression. Here are some tips on how to make the most of your investment banking coffee chat interviews.
Ask about their background and day-to-day work
One of the best questions to ask is about the banker’s own background and experiences. You can ask how they got started in investment banking, what inspired them to choose this career, what their typical day or week looks like, and what they enjoy most about their work. This shows your genuine interest in learning about investment banking. It also helps you understand what skills and qualities are needed to succeed in this industry.
Inquire about requirements for new hires
Another strategic question is what your interviewer looks for when hiring junior bankers or interns. What specific technical skills, previous experiences, academic background, personality traits, and other qualifications does the person/team prioritize? Their answer will provide valuable insights to help you prepare your resume, interview answers, and overall application strategy.
Ask for advice to advance your candidacy
Towards the end of the chat, you can ask what they recommend you do to strengthen your candidacy at their firm or in investment banking. See if they have suggestions about skills to develop, relevant experiences to gain, people to network with, or other tips. This shows you are proactive and open to feedback to continually improve.
Inquire about company culture and work-life balance
While investment banking is known for grueling hours, each bank and team has its own work-life balance and culture. Ask what the culture is like, opportunities for work-life balance, and how junior employees are supported. This will help assess the overall environment and whether it’s a good fit for you.
Coffee chats allow you to learn about investment banking, while demonstrating your passion, preparation, and initiative. Ask thoughtful questions tailored to the individual to leave a positive lasting impression.