Transition to banking question advice

Have int coming up with boutique ib firm. Previous internships have been at a law firm, Big 3 News corporation, and wealth management. non-ivy but respectable undergrad business program. finance/int biz concentrations and hist minor. How would you recommend going about the question why interested in pursuing career in investment banking without having had ibanking internship etc sorta deal/ why you think ibankings the right profession for you. Thanks

 
Best Response

This is really up to you - in other words, why are you interested in IB. But beyond that, go with the general answer - skill set, transaction experience, senior personnel exposure, professional opportunity, etc - craft the answer in your own way, but those are the points to touch on. Additionally, you will need to explain how the skill set of your previous internships are at least partially applicable to banking, as well as why you know those aren't the right career paths for you. When explaining why not career X (such as Law firm), keep it positive or neutral - don't start bad mouthing the company or the profession as this is a definite negative to your candidacy. If you have any other questions feel free to email me, and for more info on the banking interview, check this out:

http://www.bankonbanking.com/bankonbanking-survival-guides/

and

http://www.bankonbanking.com/2009/11/23/interview-202-the-art-of-articu…

 

If you want to get into I-Banking so you can pay cash for your first S-class by age 29 then you are in it for the wrong reasons and the interviewer will see right through you. There should be certain keywords that trigger in your mind: consulting, fast paced, works well under pressure, analytical skills, etc. For the first few years you are going to work your arsch off and probably average the same hourly rate as a Starbucks employee.

You'll see the good, the bad and the ugly.

 

Sed et soluta itaque occaecati sit quo omnis vel. Est atque ex in ipsam maxime. Et quidem quia enim inventore sapiente excepturi repellat. Excepturi ipsa labore tenetur culpa voluptas ad dolor officiis. Est autem quis quia sed.

Dolore harum quo blanditiis autem incidunt. Quis perferendis adipisci ipsa.

Numquam dolor quis quis. Provident soluta veritatis expedita sed alias quibusdam.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”