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How to break into investment banking in 2022/23

by Minoas Vitalis
Reading Time: 4 minutes

 How to break into investment banking

Breaking into investment banking can be tough, but with the right tools and information it can be done. In this article, we will provide you with the basics on what you need to do to make a successful career in investment banking. So whether you are just starting out or have been working in the industry for a while, read on for 10 essential tips that will help you reach your goals.

  1. Get a degree from a top university

If you want to break into investment banking, one of the best things you can do is get a degree from a top university. Investment banks tend to recruit heavily from the Russell Group and other top schools, so having a degree from one of these institutions will put you at a significant advantage. In addition to giving you a better chance of getting hired, a degree from a top school will also give you the opportunity to network with people who already work in the industry.

  1. Start networking early

Investment banking is all about networking. The earlier you start building your network, the better off you will be. There are numerous ways to network, but some of the most effective include attending industry events, joining professional organisations, and participating in internship programs.

  1. Get experience in the industry

Experience is always going to be one of the most important factors when it comes to breaking into investment banking. If you don’t have any experience working in the industry, it will be very difficult to get hired by an investment bank. One of the best ways to gain experience is to participate in an internship program. Internships will give you the opportunity to learn about the industry and build your network at the same time.

  1. Build a strong resume

Your resume is your first chance to make a good impression on potential employers, so it’s important that you take the time to create a strong document. When you’re writing your resume, be sure to focus on your accomplishments and highlight any experience you have that is relevant to investment banking.

  1. Learn about the industry

Investment banking is a complex industry, so it’s important that you take the time to learn about how it works before you start looking for jobs. A good way to do this is to read books and articles about investment banking, or even talk to people who work in the industry. The more you know about investment banking, the better prepared you will be to find a job and excel in your career.

  1. Find a mentor

A mentor can be a valuable asset when you’re trying to break into investment banking. A mentor can help you learn about the industry, build your network, and improve your resume. If you don’t have a mentor, try to find someone who works in investment banking who is willing to answer your questions and give you advice.

  1. Get a job in sales or trading

Many people who want to break into investment banking start out working in sales or trading. While these jobs may not be as glamorous as working in an investment bank, they will give you a chance to learn about the financial markets and build your skills. In addition, working in sales or trading can be a great way to network with people who work in investment banking.

  1. Start your own business

Starting your own business is a great way to get experience in the industry and make connections with people who work in investment banking. If you’re not sure where to start, consider joining an entrepreneur group or taking a business course.

  1. Get an MBA

An MBA is not required to break into investment banking, but it can be helpful. An MBA will give you the opportunity to learn about different aspects of business and network with other business professionals. In addition, an MBA can help you stand out from the competition when you’re applying for jobs.

  1. Join professional organisations

Joining professional organisations is a great way to network with people who work in investment banking. These organisations often hold events and conferences that can help you learn about the industry and make connections with potential employers.

Breaking into investment banking can be a challenge, but it’s not impossible. If you’re willing to put in the work, you can find a job in this competitive industry. By following these tips, you can increase your chances of breaking into investment banking and launch your career.

Conclusion

Breaking into investment banking is no easy task. It takes a lot of hard work, dedication and networking to even get your foot in the door. But if you’re willing to put in the effort, it can be an incredibly rewarding career. We hope this article has given you some insight into what it takes to break into investment banking and provided you with some tips on how to make yourself stand out from the competition. Good luck!

 

Minoas graduated with a Merit upon studying the full-time MPA Public Administration – International Development degree (MPA-ID) at the University of York. He is currently working as a freelance EU affairs consultant in Belgium.
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