What is a good answer to why investment banking?
With The Big Picture Method, you answer the Why Investment Banking question by talking about how you started out on another path but shifted your interest to finance over time. This one works best if you're: A Career Changer (at any level). A Non-Finance/Accounting Major.
I was fascinated with the process of investing, so I decided to pursue a degree in finance. This has led me to seek opportunities for a career in an industry I truly enjoy. I understand this is a high-pressure industry, but I'm ready and willing to take on any challenge that may come my way."
It's not just that investment banking exposes you to a high concentration of really smart people; it also gives you the opportunity to make an impact and a ridiculous amount of money.
Give the interviewer a story that shows your achievements and how everything fits together for you to be a successful investment banker. Make sure to point out how each job has let you take on more responsibility, or required you to acquire more finance/business knowledge than the one before it.
Investment banking is known for its high-pressure environments, long working hours and established hierarchy. Graduates and juniors can expect to have a working week significantly longer than average, extensive workloads and last-minute requests from senior staff.
Investment Banking (GUARANTEED) Interview Question | Tell me about ...
“I see this opportunity as a way to contribute to an exciting/forward-thinking/fast-moving company/industry, and I feel I can do so by/with my … ” “I feel my skills are particularly well-suited to this position because … ” “I believe I have the type of knowledge to succeed in this role and at the company because … ”
Huge career-growth opportunities: The finance job roles are constantly evolving and changing. Therefore, the professionals of this field have high chances of career development in a short period as they can always keep shifting to new roles based on their strengths and interests.
SUGGESTED ANSWER: “I am a standards-driven person who always takes responsibility for my actions. Over the years I have worked hard to improve my skills and also gain experience in areas that I feel will be a strong match for the values here at JP Morgan.
- "Goldman Sachs is the best place to start a career in banking" ...
- "I understand that you offer a customized-MBA like experience which I can work through while I'm at Goldman Sachs." ...
- "I'm looking forward to all the networking opportunities with Goldman staff."
Should I become an investment banker?
Even with education, experience, and enthusiasm, investment banking might not be for you. Lack of work-life balance is one reason to avoid becoming an investment banker. Investment bankers must also be able to manage high-pressure situations.
Investment bankers meet with clients, prepare offers, run financial projections, and work on pitchbooks, that help generate new clients. The work is lucrative but the days are long and stressful. Superior social skills are required for success in the field. So is stamina.
“Over the years, I have acquired relevant skills and experience, which I shall bring to your organization. I have also worked tirelessly on my communication abilities and teamwork skills, which I will put to use in my future career, which would be in your organization if I am selected for the position.
What Makes a Good Investment Banker? A good investment banker has tangible skills, such as knowledge of finance, math, and economics, and intangible skills, such as creativity and innovation.
- proven strong numerical and analytical skills.
- excellent team work and team leadership skills.
- communication and interpersonal skills.
- project and time management ability.
- dedication, energy and commitment.
- self-confidence and the ability to make difficult decisions.
Definition: Investment banking is a special segment of banking operation that helps individuals or organisations raise capital and provide financial consultancy services to them. They act as intermediaries between security issuers and investors and help new firms to go public.
INVESTMENT BANKING ANALYSTS
This involves going through classroom-style teaching, learning the ins and outs of accounting, financial statement analysis, corporate finance and valuation, and financial modeling, with specific training in needed computer applications such as Microsoft Excel and PowerPoint.
- Name. Always begin saying your name, you don't need to state your full name. ...
- Place. Specify the place you belong to, or living at the moment. ...
- Educational Background and Academic Qualifications. Mention the education you pursued. ...
- Strengths and Weaknesses. ...
- Family. ...
- Hobbies.
Walk Me Through Your Resume (With My IB Example) - YouTube
INTRODUCTION: Include your name, profession, qualifications, current job title or specialism, number of years' experience, organisations you worked for. CAREER: Expand on your career to date including Current Role, Previous Roles, Responsibilities and Experience.
What attracted you to this position?
Think About How You'll Benefit the Company
When answering general questions about the role, don't talk about how you would benefit from being hired. For example, answers like “I want a job that will help me build my career” make you seem more focused on yourself rather than how your background benefits the company.
'This opportunity is really exciting for me as I will be able to…' 'I see the role as a way of developing my career in a forward-thinking/well-established company/industry as…' 'I feel I will succeed in the role because I have experience in/softs skills that demonstrate/ I've taken this course…'
Sample Answer
I think that innovation and creativity are an important part of success. I would be so excited to be a part of that innovation here. Not only the innovativeness of the company attract me, but also the way they treat their employees.
A career in finance can be hugely rewarding, but it's a notoriously competitive field, and standing out during applications and interviews can be tricky. To give yourself the best chance of landing finance jobs, David recommends making sure you have a good mix of technical and soft skills.
- Research and rehearse. Stay up to date on the news, both general and firm-specific, so you can speak from a place of knowledge and confidence. ...
- Prepare questions for our team. ...
- Plan your environment. ...
- Remember interview etiquette.
We are calling these Chase's “Five Keys to a Great Customer Experience.” The Five Keys include things like “exceed expectations” and “own customer issues from start to finish.” For the first time, all 160,000 Chase employees understand what's expected of them and how they can provide the best possible experience for ...
- Describe your most challenging team assignment and how you dealt with it. ...
- Tell me about a time you took a risk at work. ...
- How do you manage your schedule when you have multiple projects competing for your time? ...
- Behavioral. ...
- Leadership. ...
- Technical/Skills Questions. ...
- Company-specific.
Industry Leader. Across the globe, it's generally recognized that Goldman Sachs is the industry leader in investment banking. This is a great “why Goldman Sachs answer”. The firm consistently ranks at the top of various league tables and is the trusted advisor for the world's biggest corporations.
The most important reason to me is because I want to be on a successful team that is focused on growth. I've watched RBC's investment banking practice grow tremendously over the past few years and I think its trajectory will make it the best place for me to grow my career in finance.
- 1) Know your resume/CV. Be able to articulate your strengths and weaknesses, as well as which experiences and skills make you a good fit for the job. ...
- 2) Talk about your skills. ...
- 3) Do your research. ...
- 4) Prepare your answers. ...
- 5) Ask questions.
Is working in investment banking worth it?
Being an investment banker is one of the best-paying jobs available today, excellently. Meaning, when it comes to salary, it surpasses other jobs by far. It's also one of the hardest jobs possible, in every way you can think of.
- Analytical skills: Employees must have strong analytical, numerical, and spreadsheet skills.
- Team player: Individuals must possess excellent team leadership and teamwork skills.
- Interpersonal skills: Candidates must have excellent communication and interpersonal skills.
The future will likely require that investment banks shed non-core assets and redesign their service delivery around a connected flow model—moving capacity and processes among various geographies and ecosystem partners—and optimize the use of financial technology, data, and analytics to generate differentiated insight ...
...
Cons:
- The hours.
- You are never off the clock.
- Sexism.
- Its very competitive.
- Work can be monotonous starting off.
- The stress.
As it turns out, investment bankers rate their career happiness 2.7 out of 5 stars which puts them in the bottom 9% of careers.
Bankers enjoy time with their family, some go to the gym, some play basketball, some go to the bar and some hang out with their friends on their free time.
As a fresher, I'll give my full potential to contribute to the growth of this company and try to become an asset to the company. As I am a fresher, I don't have any experience if you give me an opportunity, I will enhance my knowledge and skills and as well as work hard.
...
“Great Communication Skills”: Talk Your Way Into Top Bonuses?
- Attention to detail.
- Solid technical / Excel / analytical skills.
- A good attitude.
- Time management.
- Teamwork.
The job is demanding, requiring a strong background in finance and economics, as well as time consuming. Work weeks are long and often include late nights, especially before a deal closes.
- Research skills.
- Confidence.
- Determination.
- Self-motivation.
- An interest in current affairs.
- Ability to work effectively under pressure.
- IT skills.
- Analytical and problem-solving skills.
What type of person is best suited to be a banker?
1. Organized Personality: Banking professionals have to deal with tremendous pressure and numerous responsibilities. Thus, they need to be efficient in managing multiple operations and should have attention to details at the same time.
