"Banker" Lingo for Resume
Yo,
Recently spoke with a connection for FT recruiting. He was looking over my resume and said I needed to include more banker lingo that would be applicable to the jobs I'm applying for. Essentially, my summer internship was with a small M&A firm with very little deal flow. No modeling was done, but a couple sell-side clients sent models and valuations over that i-banks had prepared for previous deals. Can anyone give me some generalist bullet points that I could use on my resume? I did the normal research/industry analysis/pitch material work that any mindless fvckwad could do. Any help would be appreciated.
Alternatively...
http://www.leveragedsellout.com/2004/01/re-lehman-brothers-recruiting/
http://www.leveragedsellout.com/2007/04/only-87-tool/
Yo
Toss the ring in the fire pit
I mean, the only "lingo" you need to know is buy-side vs. sell-side transactions, different types of models and what comps and precedents mean. Anything beyond that is going to come off toolish.
By banker lingo, your connection likely just means the various valuation methods you got exposure to (DCF, trading comps, etc), benchmarking financial metrics, compiling equity research, other basic things you do as an intern. Just put it in bullet form
Make sure you mention your BPM (bullshits per minute) - I can usually get around 80 or so pieces in before the timer runs out.
Resume Review, non-finance background please help me bankify! (Originally Posted: 07/07/2011)
Hi guys,
Please be as harsh as possible, I have no transaction experience but some business related experience. Coming from a non-finance background my biggest concern was to bankify my resume.
In the engineering experience I was unsure how to explain that I had worked independently and completed a task expected of a graduate. Comments?
http://www.razume.com/documents/20708
Thanks in advance, Gambito
also I was unsure whether or not to say I had been offered repeat work at the three internships?
there are some examples on mergeandaquisitions website you may want to have a look
Help New Yorker With ER jargon: Resume Bullet Points. (Originally Posted: 10/21/2010)
• Gather and analyze data in the luxury goods industry to explore short and long term trends, cost drivers per division, and the regulatory environment.
• Prepared an initiating coverage document on LVMH (EPA: MC) and continue to provide due diligence.
Do you understand what I'm saying? Do you know what an initiating coverage document is? Are these bullet points specific enough? Is the lingo correct? Obviously the luxury goods industry is huge - but I focus on "luxury shopping," clothes, shoes, accessories, should I say so? How do I say that I also do research in different geographic areas (BRIC) to explore their growing income and disposition toward luxury brands.
Is due diligence the right word? What I mean is that I continue to monitor the company's news, earnings, significant events, etc.
Help me make these bullet points razor sharp...
Did you do an internship in ER or did you do this stuff on your own? That would help us out a little bit. If you interned at a bank doing ER, change that second bullet to "Assited in the preperation of an initiation report on company name (Ticker), a $XXXM/B market cap company focusing/specializing on XYZ. Get rid of that due dilligence crap.Then underneath that bullet, explain exactly what you contributed to the report (e.g., developed investment thesis, assessed/discussed competitive position, constructed financial model, etc.). First bullet looks fine to me.
Your tenses looked to be mixed up, esp in the second bullet.
• GatherEd and analyzeD data [with]in the luxury goods industry to explore short and long term trends, cost drivers per division, and current regulatory [landscape].
• Prepared initiation of coverage document on LVMH (EPA: MC) [sic: while continuing exploration of asset through fundamentals research.]
1st bullet: that's great you did all that, gold star. But that doesn't tell me HOW you did it. How did you gather info? Bloomberg, your grandma, polling monkeys at a zoo? Same with analyzed, those are just words until you quantify them. Same with "long term trends", "cost drivers", and anything noteworthy in the 'regulatory' world that made the decision process easier for the analyst.
2nd bullet: Again, results here man. No gives a flying horse fuck that you 'prepared' something. Something like "Compiled and aggregated results from 12 separate research efforts to drive initiation of coverage document...." see what I'm saying?
For 2nd bullet, perhaps throw in top down/bottom's up analysis of the industry. I'm assuming you analyzed the industry as a whole if you initiated on a name. A lot of ER resumes I've seen mention top down or bottom up analysis, and it means something.
Perhaps throw in the "built and maintained models for luxury companies" line, as well as forecasting through comps, or however you forecasted revs/cf's.
best of luck.
• Assisted in preparing all aspects of an initiating coverage document on LVMH (EPA: MC).
• Gathered and analyzed information to determine an implied value range (DCF), growth and cost drivers per division, management views, emerging trends, and the historical background, using Value Line, S&P Industry Surveys, Thompson Research, and filings with the SEC such as 10-K’s and 10-Q’s.
How's that? Or is the second bullet point too long?
*I really don't want to take up more than 4 lines for this.
Thanks for the feedback fellas.
k's and q's are pretty much implied.
so I should end it
....... and filings with the SEC.
?
Please I-Bankerize my resume! (Originally Posted: 02/28/2011)
http://www.razume.com/documents/18986
Anyone have any advice on how I can I-Bankerize my resume. I am looking to switch from ER to I banking and would appreciate any help. Thanks!
add on valuation methods (u had to if u were rec'ing equities) and try to focus on some of the characteristics of ibanking life:
excel presentations models clients pressure etc...
ok thanks
Quantifying/Bankifying resume (Originally Posted: 01/07/2013)
Hey guys, been having trouble recently in trying to quantify my resume. Any suggestions (particularly for my internship in Wealth Management) would be really appreciated.
Link: http://www.razume.com/documents/29397
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