Many successful bankers started their investment banking career as an analyst. Successful analysts work hard, understand spreadsheets, and have fine analytical skills. Analysts can be promoted to associates who do similar work, but more of it.
Investment banks hire many entry level analysts annually. What determines who are being hired and who are not? Many would say a high GPA from a reputable college. These could be helpful, but there are plenty of such students. What will determine success? There are certain additional qualities that bankers look for.
Keep the following factors in mind while attending an investment banking interview.
People who work smart usually tend to work less hard. However in investment banking, you would need both. Analysts and associates are expected to work hard, long, and late hours. For entry level analysts, ‘work hard’ would even rate higher. During an interview, you need to show a great attitude in your willingness to work hard. Moreover, when asked about past experiences, describe situations that you were able to overcome adversity with your positive and optimistic attitude.
Attention to Detail
Attention to detail is vital in investment banking because it is indicative of a bank’s quality and level of professionalism.
An error-free resume is your first step to prove your attention to detail. During an interview, you have to answer questions precisely. For example, you should be able to quickly and flawlessly describe the various valuation models. You would also need to demonstrate your ability to count. Quoting numbers in your answers is a good strategy.
All of the work performed at an investment bank is conducted in teams. Therefore, your ability to work in a team is highly sought after. Present yourself as a good team player by discussing your past experience of being a member of a successful team. List a number of team activities on your resume to attract the interviewer to ask teamwork-related questions.
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Investment Banking Interview