Wednesday, February 29, 2012

The One Big Interviewing Mistake That's on the Rise

In searching for senior bankers, I seldom use social media websites.  However I’ve been receiving a great number of LinkedIn invitations and therefore decided to give it a try. Though it is not a perfect source to look for senior investment banker candidates, but I find some of their articles interesting, such as this one.  

The One Big Interviewing Mistake That's on the Rise
By Jessica Liebman, Managing Editor of Business Insider

This headline indicates more and more people are making the same mistake - forgetting to follow up later that day or the next day with a quick email.

I’m not sure if you can read the article in case you are not a LinkedIn member yet, I’ve therefore clipped some of the highlights here:

If I DON'T get a Thank You Email, here's what happens: 
Ÿ           I assume you don't want the job
Ÿ           I think you're disorganized and forgot about following up
Ÿ           There is a much higher shot I'll forget about you

Jessica even suggests a sample of a good thank you email. See below.

Headline: Thank You – Business Insider Interview

Hi Jessica
I wanted to thank you for meeting with me yesterday. Learning more about the position and seeing the newsroom in action solidified my interest in Business Insider. I think it's a place where I could really hit the ground running, build up excellent clips on the market and ultimately transition to a full reporter. If you have any other questions for me, or need me to complete editing/writing tests, please don't hesitate to reach out. Thank you again and I'm hopeful that soon I'll be on the Business Insider team.

Think about it in the employer’s perspective. It’s true. Unless you don’t like the job, do remember to write a good thank you email.  A short and sweet one of course.

Follow up work is required in almost any kind of job. Do take the effort to demonstrate to your employer that you are good at it. In fact, it won’t take too much effort in writing a thank you note, will it? Although Jessica’s thank you letter is reporter focused, it is a really good sample. Can you turn it into one for a banking role which you’ve recently interviewed?

Additional help from Jimmy Sweeney’s Amazing Cover Letter Creator

Investment Banking Cover Letter

Wednesday, February 8, 2012

Buy an Investment Banker Bag

Just read this short but interesting article from Street of Walls and would like to share with you.

First made popular by E.F. Hutton, “banker bags” have been the hottest thing on Wall Street since the first Credit Default Swap. These duffel bags are the city’s new status symbol.

The bags have become a right of passage for most on Wall Street – a way to wear all the blood and tears spilled over countless pitchbooks. If these quotes from The New York Sun don’t get you to buy a bag then I don’t know what will:
  • “It’s a junior banker status symbol,” one 26-year-old banker at Lehman Brothers said of the 18-inch long bags
  • “It means he has a good education and a good job,” said Stephanie Sabatino, 30, a teacher hanging out at The Joshua Tree
  • “It’s an introduction, a talking point,” one 24-year-old analyst said, while sipping a Coors Light at Ulysses
For everyone on Wall Street, you know: it’s nearly impossible to get your hands on a banker duffel bag even if you work at a bank. So Street of Walls did the next coolest thing and created our own. Outside of being the coolest bags you’ve ever seen, lot of the Street of Walls guys use their banker bags for the gym and trips.
If interested check out the Street of Walls Banker Bag to sign-up for a bag (first come, first served).