What to add to resume from PREVIOUS summer analyst position at IB
Hey gurus of Wall Street
To make this short and sweet, I need some advice.
I have received my offer/accepted it from my summer analyst position at a Bulge Bracket bank in the Investment Banking Division in a coverage group.
As a result I have to send in my updated resume(including the summer analyst position)
I've tried googling, but to no avail. Therefore, can anyone tell me what I should be putting on my resume from the Summer Analyst position in the description part of that position in my resume?
For example:
Bulge Bracket Bank, Summer Analyst
-(what goes here?)
-(what goes here?)
-(what goes here?)
Thank you everyone in advanced
wtf? u don't know what u did/accomplished at ur PREVIOUS SA experience? learn to think independently
howd u get a bb sa position
As someone who has reviewed thousands of resumes over the last 10 years, the key line items that I would be looking for are items that mention that you've done a fair amount of financial modelling (both simple EPS accretition/dilution as well as full-blown cash flow models), valuation work (comps, precedents, DCF, WACC), as well as highlight your written skills (drafting pitch books, information memoranda, engagement letters, etc.). These are lot of the skills that a full-time analyst will need and it is always a plus if I see that a prospective hire has already done some or all of these things during his/her internship.
Furthermore, I would definitely add that you've been given an offer as one of the bullets (probably the first bullet). The fact that you've been given an offer is an important thing to highlight and recruiters will ding you if they dont see it (because they may assume that you were not good enough to get an offer).
how to write about ibd internship on resume (Originally Posted: 12/16/2015)
how do you write about your ibd internship? so obviously we worked on a lot of stuff, but it's not like you actually ran a model, or ran the pitchbook, or did anything from start to finish, but rather just doing things that were handed to you for the pitchbook/client presentations. and in terms of industry research, it was creating slides after reading research reports on the industry we worked in and stuff. how do you describe things on your resume about your ibd summer internship?
ie. would it be better to have a bullet that said "developed modelling and valuation skills after working on $xxx sale of XXX company" or should it be like "helped create pitchbook and collaborated on valuation model on $xxx sale of XXX company?. "gained understanding of m&a process and industry dynamics after working on $xxx sale of XXX company" or "created company profile slides and industry comparable slides in pitchbook and sat in on calls, and went to meetings, etc..."
if i worked on 1 pitch and 1 live deal over the summer, the work was literally the same, and its not like i made any unique contributions - i just did things i was told to do, and did them well. how much do people understand the work you do/don't do during an internship?
This probably won't be helpful, but I made it a point during my internships to work on things that I thought would sound good on a resume. So I worked my way into putting together a valuation mostly by myself, put pitchbooks together by myself, etc. If you just sit there and do what you're told, you're likely not going to get a great experience and thus not have any interesting talking points about your experience, that may explain your troubles..
The plus side is, no one is going to confirm what you did during your internship. Just write a few lines that sound good and have the ability to bs about them for ~7 minutes max.
I'm currently doing an internship where the majority of work is pitching; predominantly comps, transactions and market research. There's not really any opportunity to work on 'live' deals in that the higher ups do most of that (they're all chartered accountants and I've had no training/I've realised that's never going to be part of my job role).
Obviously come full time recruiting, I'll be at a disadvantage not being able to discuss the intricacies of a deal. How do you reckon I should change this/leverage myself into a better position?
Thanks
As someone who worked in a BB, interviewed candidates, had his own interns and as someone who recently went through the interview process - I can tell you that we know that we know that the points listed under your "summer internship" are probably BS - mainly coz we have all been there.
Now that that's out of the way there are a few key points
In the end its all about selling yourself on your resume - rmb you are trying to enter the sellside - so they want to see how well you sell yourself on paper and in the interview
Hope this helps
thanks, good advice. what do you recommend writing for a specific deal? do you just write "helped create presentations for $XXX sale of XXXX" or something like "gained understanding of M&A process and XXXX industry dynamics by helping create presentations for $XXX sale of XXX"? how would you describe creating company profile slides, industry comp slides, pulling metrics with Factset, etc for the deal? I just find all of that so hard to put down in just one line on the resume. especially if i worked on another acquisition over the summer as well.
Is "performed DCF valuation for CompanyA's $XX acquisition of XXX" enough, because said deal also involved doing all the normal presentation/book work and stuff
do you think its good to say "developed xxx skills after working on xxx deal" as a bullet?
Dude did you even read his comment? He literally said don't write stuff like "helped create" or "gained"
You are not trying to fill lines on your resume with crap - you want punchy points that get the message across - so leave out the Factset, comps etc
Id say put it in a line about the presentation if you absolutely need to - but then be prepared to answer every single question they might ask you about it
Try looking back at what you did and add more value comments - just because a banker sees the words "DCF" on a piece of paper doesn't mean he gets excited. - what other things did you learn from your experience - did you do any liquidity/balance sheet analysis, tax considerations, synerigies, what other models did you build, what was special about this deal - There's a whole lot more to talk about besides "presentations"
Also verbalize on the "developed XXX skills..." part. Interviewers dont want everything on a resume - especially qualitative points like this. If I could read everything on your resume, why would I call you to my office and spend 30-40 minutes talking to you personally?!!
FOR IB SA, should I include anything else on my resume? (Originally Posted: 10/09/2012)
Please let me know if this would be enough to describe my exp. at a BB over the summer. Thanks!
• Extensive use of the Bloomberg terminal and Excel to create 4 detailed financial models to evaluate companies’ performance under various operating scenarios and to analyze the impact of potential M&A transactions • Conducted 6 valuation analyses using various methodologies including discounted cash flow, leveraged buyout, precedent transaction analysis, & comparable company analysis • Assisted team in the preparation of presentation materials for use in client meetings (4 pitch books), covering topics such as strategic alternatives, capital markets activity, and general corporate finance • Participated in all stages of transaction executions, from the pitch phase through closing (experienced one deal closing during the 6 months) and effectively coordinated efforts with deal team members across the Investment Bank
It's fine ... but with that kind of experience you better not f up the technical questions or they are gonna think all that nice prose is BS
not to worry..i am solid on my technicals but just curious...wouldn't this be a typical description of the exp. for a SA? I mean mine was longer but same shit? Thanks.
If anything you might want to break the deal you were on out into its own separate line and talk about what you had to do (manage data room, create and manage call log, draft mgmt presentation, etc.) That would differentiate you from ppl that worked at really small boutiques just to put an investment bank on their resume
Great advice...anything else I should do? Can you review my complete resume please?
http://www.wallstreetoasis.com/forums/revised-resumeplease-critique-tha…
Also, how should I structure the bullet points to talk about the deals I worked on? I figured, if I got an interview, I would just talk about them during my interview, but I guess putting them on my resume is a good idea, just will take up some space.
Took a look at your resume and did not think it was that bad. Issue that you have is getting it in front of the right people. Which is obviously a different skill set than writing a resume. I would definitely break the deal out on your resume in a way that can be seen. At this point you should be positioning yourself as a lateral hire (to a first year spot; effectively a ibank that needs an analyst but cannot wait; software group behind me just did this).
So I would put who the parties were, what industry it is in, what your roles were. Get specific but obviously don't give away confidential information.
Gotcha...Thanks so much! Please let me know if you have any other advice. I really want to go back to IB. Thanks again.
Previous BB Experience - how do you describe it? (Originally Posted: 11/20/2011)
I had a summer internship at a BB last summer (2011). Should I mention the region it was done in, or is that implied by the location of the internship? Should I mention what division it was a part of (e.g. just "Technology Group" or "Technology Group, Invesment Banking Division")?
E.g.
JP Morgan Summer Analyst, Technology Group
OR
JP Morgan Asia-Pacific Summer Analyst, Technology Group, Investment Banking Division
What would be the best way to organize this?
Thanks,
Mike
Useful advice in that link, but nothing that answers my question. Should I include region and/or major division or not?
Why not put Investment Banking Summer Analyst, Technology Group and have your office location?
So, like this:
JP Morgan Investment Banking Summer Analyst, Technology Group
And just have "Hong Kong" as the location and let them assume it's Asia-Pacific?
Accusantium amet fugiat enim aut qui omnis quaerat. Aut blanditiis ab commodi qui quidem quia. Rem eius quia error quis. Et dicta est illo omnis. Ut assumenda omnis nam explicabo. Debitis tempore corrupti tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Cum voluptas ipsam sint non velit. Eos iusto molestiae sed enim unde dolor nemo.
Ut similique modi earum ad nihil adipisci omnis nihil. Beatae et quae dolor architecto distinctio magni. Illo sed distinctio dolorem repellat. Est in qui eveniet aspernatur.
Doloremque iure perspiciatis placeat consequatur voluptas dolorum. Quibusdam et dolorem officia enim optio. Itaque sed neque quis tempora culpa. Eos non laboriosam reprehenderit alias est.
Provident cum eum consequatur illum aperiam rerum. Cum et est blanditiis.