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Unformatted text preview: (advice on how to get a job in Investment Banking…and Venture Capital and Private Equity too.) Home About Contact Before we discuss the specifics on strategies to getting an investment banking job, it is extremely crucial to first get into the mind of investment banking firms to understand what exactly they’re looking for in a candidate. One of the best things to do, in my opinion, is to observe what types of people investment banks typically hire. By doing this, we can work backwards to figure out what personal qualities and characteristics investment banks look for in a job applicant. In my experience, many successful investment banking job seekers typically fall under two categories: 1) college athletes who have done moderately to reasonably well in academics and 2) students with extremely high GPAs. Let’s examine why: 1. College athletes: I used to never understand why investment banks loved hiring jocks. After all, most of the jocks I knew (many of whom were my friends so I won’t feel guilty about insulting them briefly here) just weren’t that intelligent, especially compared to the engineers I knew. It was only after I started working in investment banking that I began to understand why college athletes were so coveted. First, college athletes, despite their reputation for partying a lot, are actually incredibly resilient people because most of them have to manage both a demanding athletics career as well as their academics. This requires a lot of hard work, dedication, and perseverance. Now, I’m not talking about just any college athlete, like some football player from a shitty state school who has a 2.5 GPA. I’m talking about college athletes who go to a top 20 school and spend 4 hours a day in practice but also maintain a 3.5+ GPA. Now, that’s pretty impressive if you think about it. Imagine if you had to remove 4 hours of studying time each day. So in general, most college athletes who have performed reasonably well academically know how to manage their time and understand the importance of hard work and perseverance. As a result, it is much easier for a college athlete to transition into an intensive job like investment banking because they are already accustomed to this type of demanding, high-pressure lifestyle. The other aspect about college athletes that investment banks like is their natural willingness to work as part of a team. In investment banking, there is so much work that it’s never doable by any one person. Most deals require the collaboration of a team of investment bankers, lawyers, and accountants. A lot of times you’ll even have to ask your fellow Analysts or Associates to help you out because you just have too much on your plate. I used to think this type of inference that college athletes are better team players just because they play team sports was bullshit. But I think by virtue of them being in a team environment throughout college and high school, they’re naturally programmed to think like a team member, instead of just an individual achiever who wants all the glory and credit for him or herself. programmed to think like a team member, instead of just an individual achiever who wants all the glory and credit for him or herself....
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This note was uploaded on 02/01/2012 for the course BUSINESS 101 taught by Professor Xu during the Spring '11 term at Carson-Newman.
- Spring '11
- Venture Capital