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Investment Banking is a lucrative career that promises global mobility, financial rewards and the chance to be part of exciting transactions like Flipkart buying Jabong or Facebook buying Whatsapp. However getting in is often next to impossible as jobs are few and far between and extremely competitive.
Here are a few tips on how to engineer the next couple of years, and your resume, to better your chances of breaking into Investment Banking.
• Start working on your resume early– Investment Banks love all rounders because an Investment Banker is not just a quant jock. She has to balance financial knowledge with analysis as well as client management skills. He has to have a background in working in a team. They like leaders. So make sure you are part of special projects in college and take part in significant team activities. It is also better to focus on excelling in one area, like case study competitions or football, rather than being a jack of all trades. Investment Banks want to see consistent academic performance as well as commitment to an outside activity as it shows them persistence and staying power.
• Look for an internship– An internship is a great way to get a foot in the door even if it is for an extremely short time or the promise of hours of photocopying. It will give you that all-important insight into how a bank functions.
• Get some training in Investment Banking – Corporate Finance is hard and cracking an investment-banking interview will be easier if you do a short training course in Investment Banking like Financial Modeling and Valuation Courses or the Diploma In Corporate Finance from Imarticus Learning. This will help you understand concepts thoroughly especially if you are not a CA or a CFA. Most of these short courses also include interview prep with large sample question banks and take mock interviews so that you are ready for the big day. They also train you in aptitude testing which is often the first hurdle and something most applicants fail to pass.
• Keep abreast of current affairs- Investment Banking and Capital Markets is dynamic and require you to be on top of the news. So subscribe to the Economic Times and the Business Today and ensure you follow various deals and their outcomes. Choose a couple of industries you want to focus on and make sure you know everything there is to know about them.
• Have economic indicators at your finger tips– What’s the current US/Rs rate? What is the sensex trading at? What is the 10 year bond yield? What is India’s projected growth rate for the next year?
For more details on how our courses in investment banking can help you succeed, visit our program pages: