Getting a Job in Investment Banking
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Getting a Job in Investment Banking

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Getting a Job in Investment Banking Presentation Transcript

  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com Getting a Job in Investment Banking featuring Donna Khalife Hosted by: Career Advisors on Demand..com/webinars
  • 2. Getting a Job in Investment Banking I. About Donna II. The Industry III. Your Role IV. Getting Hired V. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 3. About Me • J.P. Morgan, Mergers & Acquisitions (M&A) Group – Analyst and Associate: 2005-2009 – Former recruiter • Selected transactions: – Multi-billion dollar sale of The Weather Channel and weather.com – GM/Chrysler government bailout • Harvard, MBA in 2011 • Boston University, Bachelors in Finance & Int’l Relations • Author of “The Best Book On Investment Banking Careers” • Career Coach and Entrepreneur Hosted by: Career Advisors on Demand..com/webinars
  • 4. Getting a Job in Investment Banking I. About Donna II. The Industry III. Your Role IV. Getting Hired V. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 5. What is Investment Banking? I-Banks connect those who need capital with those who have it and are seeking a return. Mutual funds Retirement funds Hedge funds Private equity funds Corporations Governments Individuals Corporations • Public and private Governments Public sector organizations • Schools • Hospitals Multilateral institutions • World bank • IMF Investment Bank Users of capitalProviders of capital Stocks Bonds Cash Hosted by: Career Advisors on Demand..com/webinars
  • 6. Investment Bank Structure Sales & Trading Research  M&A Advisory (mergers, acquisitions, sales)  Debt Capital Markets (bonds, syndicated loans)  Equity Capital Markets (stocks, IPO’s) Corporate Finance “Investment Banking” “ChineseWall” Private side (serving users of capital) Public side (serving providers of capital) Hosted by: Career Advisors on Demand..com/webinars
  • 7. Investment Banking: Some of the Industry’s Players Bulge Brackets Boutiques Check “league tables” for top banks by product, geography, volume ($), number of deals, etc. Hosted by: Career Advisors on Demand..com/webinars
  • 8. Getting a Job in Investment Banking I. About Donna II. The Industry III. Your Role IV. Getting Hired V. Q&A Hosted by: Career Advisors on Demand..com/webinars
  • 9. • Product group – M&A Advisory – Debt Underwriting – Equity Underwriting • Industry group (a.k.a. “Coverage”) – Healthcare – Consumer – Retail – Media – Oil and Gas – Real estate, etc. • Geographic region Analyst Associate VP/ED Managing Director 3 years or MBA 3.5 years 7 years Investment Banking: Career Trajectory Hosted by: Career Advisors on Demand..com/webinars
  • 10. Technical • Perform financial analysis and manage models • Conduct research on industries, financial products, and companies • Interpret economic news and advise clients accordingly Project Management • Liaison between all internal and external deal team members • Manage due diligence process and large volume of data Execution • Participate in sales pitches to clients on potential strategic moves • Execute live transactions (bond/equity issuance, merger, acquisition, sale, etc.) – Typical projects take about 3-6 months – Work on multiple projects (about 3) at any given point – Teams of about 5 employees (internally) Investment Banking: Your Role Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 11. Investment Banking: Pros and Cons – Drawbacks: – Demanding lifestyle (80-100 hours/week) – Unpredictable – Stressful work environment – High expectations at an early stage in your career – No assurance of weekends or holidays + Benefits: + Highest learning curve of any post-undergraduate job + Exposure to CEO/CFO’s of top Fortune 500 companies + Stimulating and fast-paced work environment + Exciting and high-profile projects + Structured career path + Young culture with strong social network + High compensation (sign-on bonus + salary + annual bonus) Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 12. Getting a Job in Investment Banking I. About Donna II. The Investment Banking Industry III. Your Role IV. Getting Hired V. Q&A Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 13. Investment Banking: Ideal Candidate • Top GPA and academic record • Strong internship or work experience – Any Finance/Accounting – A business role at a Fortune 500 company – Relevant legal or consulting position • Leadership roles in extracurricular activities • Qualities – Analytical – Mature (can deal with C-Suite executives) – Strong communicator – Resourceful – Organized – Team player – Reliable – Flexible Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 14. Investment Banking: Common Interview Questions • Qualitative – Tell me about yourself or “Walk me through your resume.” – Why do you want to work in investment banking? – What is the role of an analyst/associate? – Why are you interested in this firm? – Why did you choose your university? your major? – Why should we choose you? – Where do you see yourself in five years? – Identify a weakness. • Quantitative – Valuation methodologies – Accounting for the three financial statements – Accretion/Dilution analysis – Interest rates and bonds – Describe a deal you’ve been following. Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 15. Investment Banking: Words of Wisdom 1. Networking is key – Reach out to peers, recent grads, and alumni – Start meeting with your career office frequently – Join the leadership team of your Finance Club (or start one) to organize events and build relationships with bankers informally 2. Start early – It’s never too early to connect with people in the industry – Leverage informational interviews – Trial and error is the best way to find the right career… INTERN! • Established study-abroad internship programs can help build your resume 3. Read the WSJ daily 4. Your “story” is the most important part of your application 5. Be yourself in the interview 6. Make sure banking is right for you… Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 16. Book a session! For personalized feedback, book your session with Donna at www.evisors.com/expert/230 Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 17. Q&A Hosted by:See the rest at evisors.com/webinars/webinar/37
  • 18. Questions & Answers Question 1: How many stages of interviews does an investment bank typically have? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 19. Questions & Answers Question 2: What does it take to differentiate your CV from others? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 20. Questions & Answers Question 3: What books in addition to your own would you recommend to further understand investment banking? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 21. Questions & Answers Question 4: Do MBA students who do not have finance experience have an opportunity to get into investment banking? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 22. Questions & Answers Question 5: What are the essential software skills required for investment banking? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 23. Questions & Answers Question 6: When would be a good time to apply into investment banking? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 24. Questions & Answers Question 7: Is there such thing as part-time internships in investment banking? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 25. Questions & Answers Question 8: What is the future of investment banking in terms of the job market? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 26. Questions & Answers Question 9: Is it possible to train yourself to think as an investment banker? Hosted by:See the answer at evisors.com/webinars/webinar/37
  • 27. Thanks for Joining! *** To learn more, check out Donna’s book “The Best Book on Investment Banking Careers” Available through Hyperlink ($7.95) or on Amazon ($9.95) Hosted by:See the rest at evisors.com/webinars/webinar/37