By On Jan 16, 2020 Templates
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.
Technology job candidates usually make one of two critical errors on their resumes either the document is excessively long with excruciating detail on every assignment ever completed, or too short with hardly any descriptions at all. There needs to be some middle ground your resume should be succinct yet effectively showcase your achievements. For each position you have held, give a brief synopsis of the scope of your responsibility. Then show how your performance benefited the company. Give examples of how past initiatives led to positive outcomes such as enhanced efficiency, faster time-to-market, monetary savings, etc. Accomplishments are most powerful when they are measurable, so include actual performance figures whenever possible. Focus on your most impressive technical projects/accomplishments. What types of challenges did you face? What did you do to overcome the challenges? How did your performance improve the organizations bottom line?. For contract work in technology, provide a bulleted list of your top projects, indicating the company (or type of company if confidential), reason for hiring you, scope of your project, your specific approach to the project, challenges/obstacles faced, work performed, and benefits to the company. If you are new to the technology field and concerned about a lack of experience, consider offering free or low-cost technical services to charitable organizations, friends, family, or local businesses. Doing so allows you to hone your craft and show related work or volunteer experience on your resume. Also, pursue as much training as possible to get up to speed. Entry-level candidates should focus on their potential in the field, ability to learn challenging concepts quickly and motivation to succeed in the industry.
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.
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