For finance and business majors, probably the most coveted purports to have at graduation is definitely an analyst position in an investment bank. Business students are attracted through the pay, the prestige and also the fast-pace lifestyle these twenty-something analysts live. Before collecting that (big) signing bonus, prospective analysts should make certain they do know what they are getting themselves into.
Though most seek investment banking careers, couple of will succeed. There are just a lot of IPOs, mergers and leveraged buyouts that occur every year, and so the industry are only able to support a lot of jobs. In addition, there are lots of highs and lows within this market, so even though you work twelve months, you might not get it the following.
Regardless of the high amount of competition and also the job insecurity, the resume drop box for analyst positions is definitely full in the business school’s career office. So what sort of person are these lenders searching for?
Yes, corporate finance searches for vibrant minds who are able to clearly articulate business insights. But investment banks will also be searching for college students who’re driven and disciplined. Athletes frequently possess the ideal personality type for investment banking. They make use of a team and exercise every single day to win. That’s the kind of mentality that succeeds within the corporate finance world.
When it comes to education and experience, bankers are usually searching for candidates with business and finance backgrounds. Good majors include finance, accounting, business and financial aspects, but math and engineering majors could make their distance to a job interview whether they can demonstrate that they’re vibrant and comprehend the industry that they are getting themselves into.