Based on the most helpful WSO content, here are some detailed steps you can take to maximize your preparation before starting your IB role:
Technical Preparation:
Breaking into Wall Street (BiWS) Guides: Start going through these guides to familiarize yourself with the technical content you'll be expected to know. This includes financial modeling, valuation techniques, and other key concepts.
Excel Skills: Improve your Excel skills, especially focusing on macros and VBA if possible. Mastering Excel will make you a valuable asset. Consider taking online classes or using resources like the WSP pack.
3-Statement Model: Practice building a 3-statement model for a company. This will help you understand the financials and how they interconnect.
Behavioral Preparation:
Behavioral Questions: Start thinking about common behavioral questions and how you would answer them. Reflect on your past experiences and how they can be framed to highlight your skills and achievements.
Resume Polishing: Ensure your resume is polished and highlights relevant experiences. Include any leadership roles, client advisories, or technical skills like CFA or programming languages.
Networking:
Coffee Chats: Engage in coffee chats with professionals in the industry. This will help you build connections and gain insights into the industry.
Presentation: Make sure you have a couple of tailored suits, polished shoes, and conservative ties. Presentation is crucial in the banking industry.
Reading and Learning:
Books: Continue reading "Investment Banking" by Rosenbaum and Pearl to deepen your understanding of finance.
Additional Resources: Look for other books or resources that can make you more fluent in finance.
Personal Preparation:
Mental and Physical Health: Take care of your mental and physical health. The hours can be long and demanding, so it's important to be in good shape.
Enjoy Your Time: Take some time to relax and enjoy life before the job starts. Travel, see family and friends, and go into your new role with a clear mind.
By following these steps, you'll be well-prepared and confident when you start your role at the B6 bank. Good luck!
May I ask what bank you got the offer from? -- just curious... anyways
Take a breath, you have already done more then most rising juniors securing a summer internship at a good bank. IB internships are notoriously hand holding, meaning getting the gig is way harder then doing it. Through networking with bankers i have realized they baby you during these internships just try to come off as authentic as possible during it and know some baseline stuff, ask questions, be willing to listen & learn and you should be able to nab a return easy.
Don't stress too much they won't be testing you knowledge that was the interview, also try to land a couple coffee chats with your superiors so they know your name and stuff so your name rolls off the tongue when they are sat around discussing full time offers.
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Vero aut excepturi ut sit est perferendis. Consequatur ea enim vel voluptatem quia. Doloremque officiis quam est suscipit voluptates ullam. Qui dolorem odio culpa sed qui ducimus. Eius aut vel est et itaque ut nesciunt sunt. Odio vel magnam delectus.
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Based on the most helpful WSO content, here are some detailed steps you can take to maximize your preparation before starting your IB role:
Technical Preparation:
Behavioral Preparation:
Networking:
Reading and Learning:
Personal Preparation:
By following these steps, you'll be well-prepared and confident when you start your role at the B6 bank. Good luck!
Sources: What to do Pre-MBA to prepare for IB recruiting, Starting at a sweatshop - How did you prep yourself for the hours before starting?, Investment Banking Analyst: 15 Things I Wish I Knew, How to Prep Before Starting PE Gig, Prepping for an MBA Career switch into IB
May I ask what bank you got the offer from? -- just curious... anyways
Take a breath, you have already done more then most rising juniors securing a summer internship at a good bank. IB internships are notoriously hand holding, meaning getting the gig is way harder then doing it. Through networking with bankers i have realized they baby you during these internships just try to come off as authentic as possible during it and know some baseline stuff, ask questions, be willing to listen & learn and you should be able to nab a return easy.
Don't stress too much they won't be testing you knowledge that was the interview, also try to land a couple coffee chats with your superiors so they know your name and stuff so your name rolls off the tongue when they are sat around discussing full time offers.
One of the Big 6 canadian banks(CIBC, BMO, National, Scotia, RBC, TD) and I don’t know what group I’ll be in but thanks for the advice, appreciate it!
Voluptatem non corrupti in sed eius labore enim. Libero dolores illum voluptatum ut. Illum aspernatur quia dolores illo nisi. Facere dolores consequatur itaque corporis. Aut at maiores suscipit aliquam.
Vero aut excepturi ut sit est perferendis. Consequatur ea enim vel voluptatem quia. Doloremque officiis quam est suscipit voluptates ullam. Qui dolorem odio culpa sed qui ducimus. Eius aut vel est et itaque ut nesciunt sunt. Odio vel magnam delectus.
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