By On Feb 01, 2020 Templates
In addition to changing the way employers review resumes, the Internet has also made it possible for job seekers to post their resumes online, not just on database job searching systems but also on their own hosted web sites or through social media profiles. This change is particular helpful to those persons whose resume presentation will be greatly enhanced by being able to take advantage of the graphics and interactive capabilities that an online resume on a personal web site can provide. One example of a career where this would be helpful is that of web designer. One thing is certain: in these times, a paper resume is not enough. A well-designed electronic, or online version of your resume combined and linked to a strong social media profile, is usually required for a successful job search.
Because the analyst and associate jobs are entry-level roles, the investment banks care a lot about your interest in finance. They are trying to figure out whether this is something that truly interests you. The rationale is that candidates who have exposure to investment banking know what they are signing up for. They have a sense of what the job entails. Banks care about this so they can hire people who enjoy the work. Employees who enjoy the work will add a lot more value than those who dread it. You demonstrate interest in investment banking by having finance credentials on your resume. Things like academic major, school coursework, online coursework, internships, clubs, books, competitions, etc. It is a lot less risky for the banks to hire someone who has a demonstrated interest in finance than someone without any finance background. This often seems strange to candidates who are fully committed to investment banking. Are not everyone applying to investment banking passionate about finance? The truth is, banks get a ton of applications from people who just apply without knowing much about the job. People who learn about investment banking last minute and decide to give it a shot. It is very risky for the banks to hire these people even if they have a history of excellence because they can quickly realize they do not like the work. By looking for proven interest in finance on the resume, the banks can screen them out.
The most important characteristic banks look for is a history of excellence at whatever you do. It does not have to be about academics or finance. You can show excellence in anything you are passionate about. It can be soccer, violin, dancing, stand-up comedy, scientific research, YouTube channel, etc. Everybody has different personalities and bankers understand that. So the focus is not about what your hobbies are or what your major is. What they care about is whether you can excel at whatever it is you enjoy doing. Why does this matter if it has nothing to do with finance? Because the underlying personal characteristics necessary to succeed in any field are largely the same. Excelling in any area usually requires you to put in significant time and effort. It requires a mixture of hard work, concentration, memory, discipline, perseverance, organization, etc. These are all personality traits necessary to succeed in finance. Now, you might not definitively succeed in finance with these characteristics, but you’ll certainly fail without them.
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