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for me it was to show that I'm interested in the position(duuuh), what my qualifications are, and it gave me chance to explain the gaps in my resume


Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 

the reason i asked this on this forum is because things usually work differently in IB i guess...because in all resume writing sessions i have attended i was told that Objective line should be clear and precise...now here on this forum i read people threw out resumes with objective lines...so was just making sure what people in IB expect in a cover letter....thanks for the help in anycase....

 

A cover letter is most important part of almost every job application

what to include in cover letter?

1.Your name and contact details 2.List of your relevant skills 3.Summary of why you're right for the job 4.Add the job title 5.Introduce your CV in two or three short paragraphs 6.At the end sign your letter

 

Hmm... could be touchy. If I were you I MIGHT put it in my resume under "interests." Some people wouldn't agree with me about the necessity of this section on your resume, however, I've aced many interviews talking to VPs about some of the things I list in this section. Definitely worth the space.

 

I am a member of the 2+2 poker forums and there are a lot of people there that also have a big interest in trading. The consensus on 2+2 is to actually leave it OFF the resume because the your interviewer may perceive it as gambling opposed to calculated risk. As far as the actual traders I have never met a trader that believed poker to be irrelevent experience.

To answer your question.... it depends on your audience, i think the interests section is the most appropriate. If it is ever brought up in an interview then by all means explain your accomplishments.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 

LOL Donkaments! Hmm... maybe I should go visit 2+2 again; never really read the trading section there. thanks for the tip

Yeah; I'm thinking I'll mention it just as an afterthought in the cover letter, and might put it under interests in my resume, though I'll definitely mention it as an aside if my interviewer asks for my interests... and hopefully poker will be all we talk about

thanks guys!

 

Yeah there are quite a few big names from the 2+2 forums interested in trading careers. For the most part they go to non targets. Most of them realize making 100k playing poker in college is not the answer in life. They all seem to fit the persona's of the chicago style prop traders. Definitely do not fit the New York sell side BB persona.

and ah yes, DONKAMENTS!

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 

I agree with keeping this in the interests section. Out of curiosity, was the five-figure sum won in live or online games? If the answer is online, it's probably the case that a player of the same skill would not win nearly as much today (the online games are tougher now than they were a few years back).

 

Include a reason for why you want to make the switch. Otherwise, when reading applications, why should they interview you (someone in real estate) over someone who is already working in the business division they are recruiting for?

I included a reason in my cover letter for why I wanted to switch from ER to IB and it worked.

 

rubine: if you're interviewing for a vp/director & up spot, ask for that guarantee. if they're interviewing you, apparently, you're of great value to them. i had friends who asked for this guarantee. as you go higher up (based on opinions of friends in higher ups), they don't fuck around in playing games with you.

if you're interviewing for associate level or lower, don't ask for that guarantee. you can't bring something to the table that they REALLY REALLY need. analysts and associates are abundant.

 

thinking about applying for US IB positions, and I have an offer for IB overseas (in home country) with a well-known bank. Same rules apply, or would this still be negative/douchey? Also, given how there has been a lot of talk on here about positions filling fast/how banks mostly fill analyst classes from the internship program etc, is there any point in applying for US IB when my upcoming IB experience is the first I'll have (I have ER experience that I was able to use to get an IB offer) and I'm an exchange student in the US for the semester who will need visa sponsorship? Or am I wasting my time trying for a FT IB spot in the US this year?

 

Douchy, which may ding you on that basis alone. If the offer expires quickly, you may want to tell HR to see if you can get an expedited interview (be prepared to show the offer letter with the decision date). That's definitely OK if it is a consulting offer (e.g., the place you interned at, where one is typically given a short time to make a decision), not sure about offers in other industries

 

Here are some important things that you should put in your CV:

Your name and contact details

Put your name and contact details at the top of your cover letter. You don't have to give your postal address, but you do need to include your email and phone number. Make sure you'll be able to answer the number you give. Don't give your landline number if you're not going to be home to answer it.

The name of the job you're going for

At the start of your cover letter you need to explain which job you're applying for.

You can either do this on a line by itself (for example, "Re: Application for Stock Controller position") or in the opening paragraph (for example, "I am writing to apply for the recently advertised Stock Controller position.")

A list of your relevant skills

Your letter should include a brief summary that matches your skills and experiences to the job description. A short bullet-pointed list is fine.

A summary of why you're right for the job

After listing your skills and experience you should explain why these mean you're suited to the job

Read More:- How to write a effective cover letter

http://careerfunda.info/
 

Always remember never to mention unnecessary mentions or too much detailing about your achievements. Here a crisp idea about what to include:

Mention the skill you’re highlighting.

Explain a situation where your skill was of help. This would show rather prove your character. It must relate to the job profile

You mustn’t write anything different from the tangent. You should know what you are applying for and your cover letter must be relevant to that.

 

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