Resume
Cover Letter - For Investment Banking Jobs
A resume cover letter
is a sales letter that lands you interviews. Stop writing it the hard way. Here
are the two key elements for a job application letter unique to any investment
banking positions: short and
precise.
Investment bankers never have time to read long
cover letters. They usually spend 20 seconds on each of them.
Therefore you have a very tight word count and every word should add
value.
Though a resume cover letter has to be short, you do need to get
across a lot of messages in order to make the hiring manager wants to see you.
Here is a formula.
A 20-second cover letter must answer all these
questions precisely:
1. What are you doing?
2. What do you want to
do?
3. What are you able to do?
4. What do you want the reader to
do?
In my 12-years’ life as a headhunter for investment banking jobs,
here is one of the most classic cover letters that I have read. I have
re-phrased it in order to groom it up and protect the author’s
privacy.
Trader Positions
Hello, my name is Anna
Maria D’Souza and am currently trading live Asian markets for a $1 billion hedge
fund in London. I am willing to relocate given the right fit and opportunity. In
a nutshell, I have my own book as well as do some facilitation whenever I am
needed. I have experience in a variety of products ranging from cash,
options/derivatives, CB's, etc.
Please let me know who I should talk to
in order to pursue opportunities.
Believe it or not, this
cover letter generated three replies within five minutes, even without attaching
a resume.
Obviously, this classic investment banking resume cover letter
is from an experienced trader. What if we are a beginner or have less
experience? Can we do something similar? Yes. Just copy my formula and answer
the four questions I have set.
Here is a draft, assuming I am a fresh
graduate. As nowadays almost all cover letters and resumes come through email, I
have therefore omitted the traditional letter
format.
Entry Level Analyst Position
Hello, my
name is Anna Maria D’Souza. I have just obtained my master’s degree from the
Yale University. My focus was on financial engineering and economics. I am
looking for an entry level analyst position. I have been a quantitative analyst
intern at Goldman Sachs and have a good understanding of the US and Asian
markets.
I have attached my resume and would welcome an opportunity to
meet you. Please contact me on 12345678 or email
amd(at)email(dot)com
Remember, in a
20-second resume cover letter, every word counts. Every word should add value.
Never write long sentences, such as ‘I take the liberty to submit my resume’ or
‘I would most appreciate it if you would call me for an interview’.
What
if I am replying to an ad? Well, easy, this is going to be even simpler.
Something like this is sweet, short and attention grabbing.
I believe I have the qualities
and drive that you are looking for in your advertised position of Equity Analyst
in BankingJobs.com. Please find attached my profile and resume for your
reference.
I look forward to discussing my attributes and experience with
you in detail.
You may not believe. Bankers had too little
time but too many cover letters/resumes to read. When they read a cover letter
or resume, their first step is not to look for a super star, but mistakes. They
disqualify you by spotting mistakes and your letter will go to the 'no' file.
The shorter you write, the least chance you'll make mistakes.
Need help
to write your cover letter in an appropriate tone? Visit Jimmy Sweeney's website
on Amazing Cover
Letters.