First-Year Student Seeking Guidance!
Hey everyone,
I’m excited to share that this is my first post in this community! I’m currently a first-year student pursuing a Bachelor of Commerce and aiming to break into investment banking. My goal is to secure an internship by my second year.
I also have some backup options in mind, like exploring consultancy firms. However, I would really appreciate any insights or advice from those with experience in the field.
Just to provide some context, I’m aware of the demanding workload and the common criticisms of the investment banking industry, but I’m eager to embrace the challenge and gain firsthand experience.
Thanks in advance for your help!
One response
Welcome to the community! It’s great to see your enthusiasm and willingness to dive into investment banking despite the challenges. Here’s a roadmap to help you navigate your journey:
Academic Excellence: Focus on maintaining a strong GPA. While grades aren’t everything, they can be crucial for landing interviews.
Financial Literacy: Take courses related to finance, Accounting, and Economics. Familiarize yourself with financial modeling, valuation, and the basics of mergers & acquisitions.
Networking: Start building your network early. Attend career fairs, join finance-related clubs, and connect with alumni working in investment banking and consultancy firms. Informational interviews can be incredibly valuable.
Internship Search: As you approach your second year, start applying for summer internships. Tailor your resume and cover letter to highlight your interest in finance and relevant coursework or extracurriculars.
Skill Development: Learn Excel and financial modeling tools (like Bloomberg or Capital IQ) if you haven’t already. There are plenty of online courses available to help you get up to speed.
Stay Informed: Keep up with financial news, trends, and developments in the industry. Following financial news outlets and thought leaders can provide great insights.
Prepare for Interviews: Practice common investment banking interview questions, both technical and behavioral. Mock interviews can make a huge difference.
Consider Consultancy: If you’re open to it, explore consultancy as a viable path. The skill set is somewhat transferable, and it could provide you with valuable experience.
Remember, while the workload in investment banking can be intense, it can also be incredibly rewarding. Find opportunities to learn and grow along the way. Good luck, and keep pushing toward your goals!