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Is the CFA useful for getting into investment banking?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker In Sep-2006, as a second-year Goldman analyst one of my Associates text me to 'show-off' that he had just passed level 3 of the Chartered Financial Analyst program, CFA. I was kind of jealous! I knew it was a definite plus on his CV because I'd heard that it was extremely challenging. I thought, 'If he has the time to study for the CFA, I can make time too!' It was September already but I still applied for the Dec-2006 Level 1 exam. I passed. I passed the next two levels in Jun-2007 and Jun-2008 respectively. Benefits of doing the CFA: 1. The CFA will stand out on your résumé/CV 2. Your chances of getting invited to interviews may rise by doing the CFA 3. It may help you to decide where in an investment bank you would best fit 4. Your chances of ever becoming unemployed (apparently) fall Read more at: http://www.katsonga.com/girlbanker/is-the-cfa-useful-does-it-help-with-getting-a-job-in-investment-banking Disclaimer: this is NOT a sponsored video!
Views: 110671 GirlBanker
What's the difference between front, middle and back office in an investment bank?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Front office workers in an investment bank bring in the revenues. As a result, they receive the largest bonuses. Middle office directly support the front office. Back office are the crucial processing engine.
Views: 27114 GirlBanker
What do Salespeople and Traders do in an Investment Bank
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker The purpose of a capital markets division is to provide a range of financial products to investors and companies. The sales force specializes by product and will be the first point of contact for clients. Any buy or sell orders are passed on from sales to a trader, who executes and manages the risk associated with such a purchase or sale. Many traditionally advice-only investment banks have incorporated capital markets activities to their offering because they wanted to offer a fuller suite of products to their clients. The capital markets tend to be less hierarchical than corporate finance. Why? - Salespeople and traders are given individual revenue targets quite early in their career, possibly within 12 to 24 months of starting out. - It is possible for a junior to earn more money for the firm than someone senior to them so there is limited room for overbearing seniors -- one minute the guy or gal is your analyst, the next they're raking in more money than you. Some view capital markets as more meritocratic than corporate finance. Why? - The primary goal is to earn revenue by trading or selling. It's easy to measure revenue goals and hence reward performers accordingly. - Nonetheless, it's possible to land oneself on a team where the existing sales people or traders won't give you access to the good clients; they keep them for themselves and you have to wait until someone leaves before you can get profitable accounts. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 15351 GirlBanker
Investment Bank vs. Commercial Bank. What is the difference?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker This could easily be asked as an interview question. To help you understand investment banking, it's best to differentiate it from the type of banking that you have experience with: commercial or retail banking -- the banks that you see on the street. The bank where you maintain your current (UK), checking (USA) or savings account is a commercial or retail bank. Some investment banks have a commercial banking unit, others do not. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 13683 GirlBanker
How much do investment bankers earn? How large can a bonus get?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker In this video you find out: - How much investment bankers earn. - Which investment banks pay the most. - When bonuses are highest
Views: 58482 GirlBanker
What does the career ladder look like in investment banking? Can you go up faster?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker All newbie front-office investment bankers in both corporate finance and the capital markets start life off as analysts. 'Analyst' is usually a three year stage, 'Associate' is normally a three to four year stage depending on progress and internal politics. 'Associate Director' in a European bank is normally two to three years. 'VP'/'Director' can be as short as two years, or indefinite! Some people never make it to MD. Your emotional quotient (people skills) and your ability to master corporate politics can be critical in making that jump from VP to MD. Can one get demoted? Unfortunately, yes! I have seen two types of demotion: 1. An actual demotion. 2. Role change. Does anyone move up the chain faster than this? Of course. If you are a star performer you can zoom right up to the top in no time. Full article at: http://www.katsonga.com/girlbanker/what-might-your-career-look-like-in-investment-banking-the-hierarchy
Views: 10386 GirlBanker
Top 3 skills for Investment Banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Having worked in both corporate finance and in the capital markets, I think the skill set needed is slightly different in each. That said, there are some universal requirements: 1. Learn quickly - no one is going to tolerate persistent mistakes; 2. Be personable - so that people enjoy working with you; 3. Have charisma - so that clients prefer you over your competitors. I provide three more division-specific helpful skills in this video and at: http://www.katsonga.com/girlbanker/the-top-3-skills-needed-to-succeed-in-investment-banking
Views: 20857 GirlBanker
Do investment banks hire from non-target universities
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker I get asked a question related to this topic every single week! The answer is yes but even from target universities they are looking for the best of the best. Part of the reason that students from the best universities stand a better chance is that they are taught or they find out for themselves "the rules of the game"; in addition to going to a top university they: a) Get coaching (I did too) b) They seek out services for mock interviews c) They make sure their application is written in great English with no grammatical errors and d) They do A LOT of research. Students from target universities do not get in just because of the institution they are from there. If you are serious about getting into an investment bank you need to be at the top of your game.
Views: 8445 GirlBanker
Which Degree will maximize your chances of becoming an iBanker
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Investment banks hire candidates from all degree disciplines. Investment banking is not a vocational career like law or medicine where you actually need to study that subject to get a job in that field. Investment banks handle a very broad client base and because of that they like the people that they hire to reflect the diversity of that client base. Every team in an investment bank focuses on a very narrow field of finance and it is unlikely that any one degree will cover everything you need to know to function efficiently on a given team in an investment bank. Most of your learning will happen on the job. That said, the majority of investment bankers will have done finance-related degrees. Doing a finance-related degree shows that you do have an innate interest in finance so when you're asked, "Why do you want to be an investment banker?" You can point at your degree as one of the reasons. More at: http://www.katsonga.com/girlbanker/which-degree-will-maximize-your-chances-of-becoming-an-investment-banker
Views: 8509 GirlBanker
Competency-based interview questions for investment banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Competency-based questions are designed to elicit your key qualities, e.g. your experience with working with others (team work), being a leader, taking initiative, overcoming obstacles, making quick decisions and so on. Here are some common questions: 1. What do investment banks do? How are investment banks different to commercial or retail banks? 2. Why do you want to work in corporate finance / sales / trading / asset management? Why do you think you would be good at corporate finance / sales / trading / asset management? http://www.katsonga.com/girlbanker/the-most-common-competency-based-questions-for-investment-banking-interviews
Views: 6007 GirlBanker
What is an Interest Rate Swap, IRS?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker An interest rate swap (IRS) is an agreement between two parties to exchange interest flows. One party pays a variable rate (normally LIBOR, but it can be another rate, e.g. a government base rate) whilst the other party pays a fixed rate as set on the date that the IRS is executed (i.e. when it is entered into). The LIBOR payments are referred to as the 'floating leg'; the fixed rate interest payments are referred to as the 'fixed leg'. The maturity of interest rate swaps varies widely, they can be very short-dated e.g. 3 or 6 months or very long dated e.g. 30 or even 60 years. Very short-dated IRS and very long-dated ones are not very common. Maturities of 3-, 5- and 7 years are common amongst corporate entities. The amount on which interest is calculated is called the 'notional' amount because this value isn't paid upfront by either party involved in the swap. What would be the point of exchanging the same amount of the same currency? Payment dates occur periodically, typically every 3 or 6 months. On each payment the amount of interest due to be paid by each party is calculated and only the net amount is paid. For example, assume the fixed rate that Blissful Books United pays on the IRS is 1.50% and that Libor turns out to be 1.725% for a given period, who pays and how much do they pay? Assume a notional amount of $10m: BBU is meant to pay: 1.500% * USD10m * 0.5years = $75,000 'Bank' is meant to pay: USD LIBOR of 1.7250% * USD10m * 0.5years = $86,250 Therefore, the bank pays a net amount of $11,250. Normally, no upfront payment is required from either the bank or the non-bank counterparty to enter into an interest rate swap. Any costs and profits to the bank are incorporated into the periodic payments. To Become an Investment Banker goes into a little more detail on how the rates are arrived at, terminology and what an IRS term sheet looks like. If you want one-on-one coaching on interest rate swaps, please book a coaching package. In the week of June 25th 2012, the UK's financial services regulator the FSA claimed that some banks had mis-sold interest rate swaps to small businesses. Apparently, some small business claimed that they did not understand the risks that IRSs poised. Get more: http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 4360 GirlBanker
Investment banks need to stop favouring Ivy Leaguers. Or do they?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker It is true that investment banks recruit a disproportionate number of people from the very top universities. Many people believe this is totally unfair, however, consider why it might make sense: Do you agree? All businesses want to hire the smartest people they can. No one can argue with this. If you had a business, you would obviously want it to succeed and it makes sense that hiring top performers will increase the likelihood of achieving such success. Do you agree? The entry requirements for top performing universities are extremely high, on average. In addition to having supersonic grades, the best universities want to see a dashing set of extracurricular activities especially in sport, drama or music. I say, on average, because we all know that some wealthy people get in regardless of mediocre grades due to their connections and "donations". That said, their hefty donations go a long way towards improving labs and other resources. Do you agree? Most people have to work very hard to get top grades. Some people seem to do no work at all, enter an exam room and ace it. Good for them. The vast majority of us aren't so lucky. Read more: http://www.katsonga.com/girlbanker/investment-banks-need-to-stop-favouring-ivy-leaguers-or-do-they
Views: 2258 GirlBanker
What is LIBOR?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Libor is a very important concept if you want to work in the capital markets. You could easily be asked to define LIBOR in an interview. What is LIBOR or Libor? LIBOR is the London Inter-Bank Offered Rate. It is the rate of interest that banks charge to lend money to each other, i.e. it is an interbank interest rate. LIBOR levels are compiled by an organization called the British Bankers' Association. LIBOR is compiled on a daily basis (Monday to Friday, except public holidays) and is published at about 11:00 a.m. London time. For every maturity, the BBA gets 16 quotes from 16 banks; they discard the lowest four and the highest four; the remaining eight levels are then averaged to come up with that day's LIBOR reference for that maturity. LIBOR rates are available for a term of up to one year. There is a different LIBOR rate for every currency i.e. we have GBP LIBOR, USD LIBOR, EUR LIBOR and so forth. LIBOR used to be viewed as a risk-free interest rate because the big banks that LIBOR is compiled from were seen as being "too big to fail" and therefore riskless. However, this view changed radically during the credit crunch, especially after Lehman Brothers collapsed. Nowadays, LIBOR is accepted as just a benchmark or reference level of interest rather than a clear reflection of bank credit risk. Read more: http://www.katsonga.com/girlbanker/what-is-libor http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 1769 GirlBanker
Action Words that Brighten up a Resume or CV
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Your résumé/CV is normally the first contact that your potential employer has with you. Your objective is for the recruiter to see your résumé/CV and want to hire you. Investment banks want someone that will get results. Using the correct words will make a difference; use a lot of words that show achievement, initiative and action.
Views: 1051 GirlBanker
What is the Capital Asset Pricing Model, CAPM?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker What is the Capital Asset Pricing Model, CAPM? http://www.katsonga.com/girlbanker/what-is-the-capital-asset-pricing-model-capm
Views: 6355 GirlBanker
Networking your way into an investment bank (5 tips)
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker 1. Attend networking events and aim to leave with about two business cards. 2. Look engaged when you're talking to people 3. Go to local recruitment events. 4. If you don't have business cards, get some made, even if you are still in university. 5. Join any professional organizations or societies related to #investmentbanking. Read more: http://www.katsonga.com/girlbanker/how-to-network-yourself-into-an-investment-bank-part-1
Views: 3314 GirlBanker
How to Get Rich from Investment Banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Many people want a career in investment banking because it offers the opportunity to build an asset base faster than many other careers. Sadly, many spend a lot faster than they earn so that wealth remains ever elusive. In this video, I offer a strategy.
Views: 19568 GirlBanker
Hardest thing about investment banking that no one ever talks about
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Sitting on your butt the whole day. I thought to write about this after reading Born to Run by Christopher McDougall. I was the type of girl who found every excuse not to go to PE (physical education) in high school. By the time I got to A-level, I had convinced the school's director of studies that as I was reading four A-levels rather than the standard three, I should be permitted to attend PE only when my schedule allowed. He agreed. I was never seen on the sports field again. I really underrated the value of moving about. That said, even when I studied, I wasn't sat still for more than an hour or two at a time. After that, I would go to find my friends and we would hang out and have a laugh. I was slim and sexy; 'why would you want to run and sweat when you're body's already got it going on?', I thought. I only started to appreciate the need for exercise when I came to cold wet England. For the first time, the weather was so poor that going out for a walk did not appeal in any way, shape or form. And the food? God knows what they put in it because whereas I ate to my heart's content and didn't gain weight in Malawi, just looking at English food added an inch to my waist. Then came the banking years. Now it got really bad. I was not only gaining weight but my back was having aches and pains that it had hitherto not encountered. Sitting at your desk is painful. By year five of banking, I couldn't sit at my desk for more than twenty minutes without having to stand up to give my back a rest. Yes, standing was resting and sitting culminated in a sore back. Read more: http://www.katsonga.com/girlbanker/the-hardest-thing-about-banking-that-no-one-ever-talks-about
Views: 10923 GirlBanker
Could age count against me in applying to investment banking?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Two key routes into an investment bank If you are trying to become an investment banker, there are two routes you should look at if you are still in university and three routes if you are already a couple or years or more into your career. 1. Use your university's careers service. Investment banks may visit your university specifically to recruit the best scholars. If you are at a top-end university they may even have a unique recruitment program/process for your institution that you can use. Even if you graduated ages ago, call up your university to check if they have resources that might help you in your job search. I recently discovered that the university of Cambridge offers lifetime help and support to alumni, I had no idea. I am sure this is not unique to my university. 2. Apply directly via the bank's website. Your university careers service won't have knowledge on every single investment bank. It is definitely worth exploring the careers section of banks independently and applying more widely to increase your chances of becoming an investment banker. Use http://www.katsonga.com/girlbanker/top-50-investment-banks-which-investment-bank-should-you-apply-to for quick links. 3. Call up some headhunters If you have work experience that investment banks would find valuable above the entry level, you can use headhunters. If you're young and haven't started your career yet, this route is mostly closed to you. In a recession, headhunters' books will also be thin but the very best ones will still have access to new positions especially at the senior level. Call them up and get your resume/CV in front of them. Whichever method you use, network proactively. Get to know people connected to the industry and learn as much as you can from each. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 2970 GirlBanker
Staying current with financial news helps you get a job in investment banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker If you want to succeed in getting an investment banking job, you need to stay up-to-date with the news. There is a lot of free news out there. Twitter For very current updates, follow respectable news providers on Twitter. I suggest starting off with: @BloombergNews, @dealbook, @Reuters, @WSJ, @zerohedge and @GirlBanker. Free RSS feeds and newspapers To get news sent to your inbox or RSS feed, sign-up to: The Wall Street Journal, The FT and CITY A.M. More at: http://www.katsonga.com/girlbanker/what-is-the-best-way-to-keep-up-to-date-with-investment-banking-news
Views: 504 GirlBanker
Spring vs. summer internship in investment banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker In addition to their summer program, some banks now take in interns over the Easter period for two or three weeks for a more informal introduction to investment banking. In this video you will learn the key differences between a spring internship and a summer internship: http://www.katsonga.com/girlbanker/what-is-a-spring-internship-in-investment-banking-how-is-it-different-to-a-summer-internship
Views: 2093 GirlBanker
Investment Banking Application - How I Got Into Goldman Sachs
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Totally swamped? Don't know how to cope with your current work load never mind making investment bank internship applications? Well, as important as getting top grades is, getting a job is just as important. In fact, I recently had a similar work load problem. I signed up to do an online course on building informational apps and I simply couldn't fit it in. The solution? An hour a day! As busy as I am, I decided that I could dedicate an hour every day to the cause as it was important enough. By sticking to that commitment I have managed to finish the course within two weeks. You can do the same for your job applications. You don't have to do everything in one go. Split the investment banking application process into one-hour batches and spread it over the next three or four weeks. I personally wouldn't wait until the Christmas holidays to make applications because some banks are reading applications as they come through and not only inviting people for interviews but making internship offers. This means the pool of internships available is shrinking every week. Here is how you can organise yourself: 1. The first application is the most crucial, it sets the trend for the rest. I wouldn't submit an application for the first week to ten days. Week one is 'research week'. You need to figure out: How the investment bank recruitment process works What your primary qualities are and how your experiences validate these qualities How to answer questions in such a way that you get job interviews Importantly, which banks to apply to (you can start at http://www.katsonga.com/girlbanker/top-50-investment-banks-which-investment-bank-should-you-apply-to At this point, I am of course going to do like any self-respecting author and plug my book, To Become an Investment Banker (spare yourself the reading and get the audiobook). It contains all the above and much more! The audio book is just over 9 hours long. 2. Research done, it's time to log onto investment bank sites and draft your first answers. In order to get access to the questions, you'll need to enter some personal details into an online application form. Enter whatever details you need to give to gain access to the application form, then copy and paste the questions into a word processor. Do this for two or three banks. 3. Draft some answers. Read through your answers. Ensure all claims are validated with a relevant example. 4. Get an independent opinion on your application form. If you can't afford professional help get a friend to do it. If your friend's feedback is very brief or overly complimentary get another friend to check your answers. Keep in mind that friends can find it hard to give constructive feedback. I had one guy send me one if his friend's cover letters and ask what I thought of it. I thought it was rubbish, he did too but he didn't know how to tell his friend so he just left it at that! 5. When you are happy with one application, send it off. Getting happy with the first application will probably take 5 to 6 one-hour slots. 6. Move on to application two. This will take 3 to 4 one-hour slots. Once you have the hang of it and there is sufficient overlap between questions you will get it done even faster. An hour a day is all you need to get all your applications done in 3 to 4 weeks. Get on with it! http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 15841 GirlBanker
Does doing lots of investment banking internships increase your chances?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Imagine a banker that's been given 50 résumés/CVs and has been told to select 5 good candidates. Who do you think he'll find more interesting: the girl or guy with 3 bank internships, or the one that built houses in Africa one summer, climbed Everest the next and has one quality bank internship? If you sound boring and unidimensional, very few people will want to hire you because they have to work with you for many hours on a daily basis; they want to be able to chat to you about more than just what the latest Bloomberg headline is. So if you're feeling intimidated by friends that have a gazillion investment banking internships whilst you chose to do lots of other things with your holidays, trust me, there is nothing to worry about, you will stand out because of your diverse experiences. More at: http://www.katsonga.com/girlbanker/does-having-lots-of-internships-increase-my-chances-of-getting-a-full-time-job-at-an-investment-bank
Views: 751 GirlBanker
What are the two categories of bankers in corporate finance or "IBD"?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Within corporate finance, you will find two key categories of bankers: 1. Mergers & Acquisitions (M&A) bankers: provide strategic and valuation advice on mergers, acquisitions and company restructurings: o Buy-side: advise a company that wants to buy another company o Sell-side: advise a company on selling its assets or its entire operation (divestments) o Defense advisory: advise a company on how it can protect itself from a hostile takeover 2. Financing bankers: provide advice on raising money (using equity, debt or some combination thereof); they also provide advice on managing any risks associated with these instruments.
Views: 761 GirlBanker
Finding time to make internship applications
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Finding it hard to make job applications because you've got such a heavy workload? Here's a tip on how you can fit it all in...
Views: 500 GirlBanker
The best time to apply for an investment bank role
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker When is the best time to apply to investment banks to maximize your chances? http://www.katsonga.com/girlbanker/when-is-the-best-time-to-apply-to-investment-banks-to-maximize-your-chances Do an internship the summer before you graduate to maximize you chances. Apply for summer internships the winter before that summer! You know what I mean...
Views: 796 GirlBanker
Careers Advice from ex-Goldmanite - Investment Banking
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker I see lots of people asking for careers advice from fellow newbies and on Yahoo! answers. If you want to succeed at getting into banking, you need to start thinking early and you need to be strategic. Listen for more, or read this blog: Top Careers Advice – Investment Banking http://www.katsonga.com/girlbanker/top-careers-advice-investment-banking
Views: 4047 GirlBanker
Structure and Function of a Resume / CV
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Your résumé/CV should summarise your educational background, previous work experience and any relevant positions of responsibility and achievements that qualify you for the job. Both the content and the format matter. A well formatted résumé/CV will show that you are organised and pay attention to detail. A shoddily presented one will do exactly the opposite. You won't get the job. What is an investment banking résumé/CV and do you need one? http://www.katsonga.com/girlbanker/what-is-an-investment-banking-resumecv-and-do-you-need-one
Views: 453 GirlBanker
10 tips on how to write a CV or resume that will get you the job!
 
04:49
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Your resume/CV is the first opportunity that you get to market yourself. Through your CV the recruiter decides whether or not to interview you and indeed, whether they 'like' you or not. You want everything about your resume/CV to say, I'm the person for this job, hire me! Here are some pointers to help you get noticed: http://www.katsonga.com/girlbanker/10-tips-on-how-to-write-a-cvresume-that-will-get-you-the-job
Views: 1170 GirlBanker
Investment Banking in Pictures - Canary Wharf, London
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker So, you want to be an investment banker, huh? Well, you're looking in the right place. With the top investment banks now combing the world over to find the very best person for the job, you need to stay a step ahead. To help you succeed, To Become an Investment Banker gives you all the information you need to have at your fingertips as well as extra advice to ensure you stand out from the crowd. Much of the information is presented in a bullet point format ensuring clarity and absolute ease of access. In addition, the laid-back, chatty tone of this semi-autobiographical book makes it an enjoyable read as well as an essential guide. Heather Katsonga-Woodward started her investment banking journey in 2004 with an internship at Goldman Sachs. Since then, she has picked up a mass of useful tips that helped her survive, even during the whirlwinds of the 2007-2009 credit crunch. With input from four other investment bankers, To Become an Investment Banker encompasses 25 years of collective banking expertise. This book is the perfect starting point if your sights are set on working in any major financial center.
Views: 7593 GirlBanker
Top 10 Tips for making an Effective Cold Call to an Investment Banker
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Some cold calls and cold emails do result in a job. If you can get hold of some quality contacts in an investment bank try putting in a call. 1. Be informed. Know at least the name and the team of the person that you are calling. Calling a random person is of no use to you. 2. Do your research. LinkedIn is a great place to start. You can search for stuff e.g. "Head of equity trading at ABC Investment Bank" and you would be surprised what comes up. You might have to upgrade your subscription to see the details you need, however. If you Google "position and bank" the most amazing stuff comes up. You might find that the Head of HR comes up in YouTube videos and all sorts. In addition, ask any connections you have to the banking industry for people's names. 3. Don't waffle. Keep your call brief and to the point 4. Know your objective. You should have one or both of two objectives in mind: to get a job on the team you are calling or to use the influence of the person that you are calling to get your CV in front of someone else that can get you the job that you want More here: http://www.katsonga.com/girlbanker/the-most-effective-10-step-strategy-for-cold-calling-an-investment-banker
Views: 2641 GirlBanker
Is investment banking competitive? The truth is...
 
01:03
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker If you have read my book, To Become an Investment Banker, you'll already know that in addition to applying for jobs directly through company websites you can look for job listings through headhunters and recruitment sites. One important thing to remember: although, it might seem more efficient to look for jobs in this way because you are looking at many employers in one go, you should keep two provisos in mind: - Many investment banks only hire experienced hires in this way. For entry level positions and internships many expect you to apply directly through their website. - At the moment, it's an employer's market. There are many highly skilled individuals currently unemployed so in some cases employers will find it more cost efficient not to fill positions through third party recruiters. That said, I recommend using both avenues. Example Usually, an employer will list a job on their website then after a week or so hire a recruitment agent to help them fill that role. My friend who is currently looking for a job in a hedge fund was told this by a headhunter: after seeing a job posted on a hedge fund's website the recruiter approached the hedge fund to see if they needed help filling that role. The answer: "We put that job up four days ago and have so far already received 600 applications". That my friend, is the current market for jobs and Girl Banker® is here to help you navigate it. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 3269 GirlBanker
How to choose which investment banks to apply to
 
02:26
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Good question. There are lots of investment banks out there. Some that you have heard of and some that you haven't. In my book, To Become an Investment Banker, I take you through some criteria that you should look at in deciding where to apply: Deal flow Size of the firm by employees or market cap The product focus of the firm The geographical locations of the firm Diversity of the firm The team I think deal flow is the single most important factor. Why? The more transactions you work on the more likely you are to get paid well, the better your resumé/CV looks, the more people you get to meet. More at: http://www.katsonga.com/girlbanker/which-investment-banks-should-i-apply-to-in-2012-2013
Views: 899 GirlBanker
Mistakes to Avoid on An Investment Banking Application
 
01:06
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Your cover letter will not make it through the process if it is: 1. Too long 2. Too generic 3. There are grammatical and spelling errors 4. It's too egotistical 5. It's too listy and claims of your abilities are not backed up with example 6. It's to o crazy and creative 7. It's dull and boring http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 2420 GirlBanker
When is the best time and day to cold call an investment banker?
 
01:31
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker After 10:00 a.m. on Tuesday, Wednesday or Thursday. If you email a banker on Monday, that email will go to the very bottom of their to-do list and will swiftly be forgotten. If you call, they'll be desperate to get you off the phone so they can get on with their work. On Friday, most people are winding down. Anything that's been put off until Friday has to get done before the close of business. Anything else can wait 'til Monday. If your résumé/CV finds itself in the wait-'til-Monday pile, it won't ever see the light of day. More at: http://www.katsonga.com/girlbanker/when-is-the-best-time-to-cold-call-or-email-an-investment-banker
Views: 779 GirlBanker
Qualities of a Prospective Investment Banker
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Do you have the right qualities and character to make it in investment banking? Find out in this video...
Views: 1135 GirlBanker
Key Routes into an Investment Bank #Jobs
 
02:47
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker If you are trying to become an investment banker, there are two routes you should look at if you are still in university and three routes if you are already a couple or years or more into your career. Whichever method you use, network proactively. Get to know people connected to the industry and learn as much as you can from each. http://www.katsonga.com/girlbanker/two-key-routes-into-an-investment-bank
Views: 3828 GirlBanker
What is the Weighted Average Cost of Capital, WACC?
 
01:55
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker What is the Weighted Average Cost of Capital, WACC? http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital
Views: 14918 GirlBanker
Start applying for 2013 Internships now (3-Oct-12)
 
00:49
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker One of the people I am coaching has already landed an internship offer for the Summer of 2013. What does that mean? Some banks are already hiring and the later you start applying for jobs, the fewer opportunities there will be! Get applying: http://www.katsonga.com/girlbanker/top-50-investment-banks-which-investment-bank-should-you-apply-to
Views: 484 GirlBanker
Investment Banking in the City of London in Pictures
 
04:15
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Most investment banks have their offices in Canary Wharf. However, some are still located in "The City" where rents are higher; notably Goldman Sachs only has offices in The City, none in Canary Wharf. Bank of America Merrill Lynch has an office in the City. It was just Merrill Lynch's prior to the takeover by BoA.
Views: 7292 GirlBanker
How Much Effort to Put Into An Investment Bank Application
 
01:04
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker How does the graduate recruitment process work for investment banks? This is a very popular question amongst students who want to become investment bankers. The process is very similar across different investment banks and works as follows: 1. An internship application is submitted, usually using a standardized online form (rather than your own stylized résumé/CV). 2. Once your application has been accepted, the interview(s) you are invited to will normally entail all of the following: An aptitude test online or on paper A case study and/or brainteasers A competency based interview A technical interview 3. Accepted to intern in the summer. 4. After the summer internship, you receive a hire letter or a letter stating that you will not be offered a full-time position. The proportion of interns offered full-time contracts varies from year to year and from bank to bank; it is never 100%. Usually banks will recruit a few more people from outside the summer program but at the moment many are not doing this; banks are selecting the best summer interns and that's it, so getting an internship is critical to becoming an investment banker. If you've interned but have not secured a full-time job, you will have a better chance of securing an alternative entry-level position than if you hadn't interned at all, so do not despair. Some banks may not have filled all of their positions from the internship program and will look to fill in those roles with people like you. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 1554 GirlBanker
Where can you get the cost of debt used to calculate WACC?
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker http://www.katsonga.com/girlbanker/where-can-you-get-the-cost-of-debt-used-to-calculate-wacc
Views: 17682 GirlBanker
What Is In, "To Become An Investment Banker" The Book
 
01:12
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Do you want a high-paying job in an investment bank? Then you need to get your hands on a copy of To Become an Investment Banker. To increase your chances of getting into investment banking bulk up your knowledge. Your degree is not enough. Applications have shot up due to all the attention that banking has received but there are fewer jobs available: - The unemployment rate for 16- to 24-year-olds has risen sharply in the current recession, from 15% in 2008 to 19% in 2009 and then to 20% in 2010 (poverty.org.uk). - Just 54% of Americans aged 18 to 24 currently have jobs. That's the lowest employment rate for this age group since the government began keeping track in 1948. (Pew Research Center) What's in the book: The most frequently asked interview questions Tips on how to stand out in the best way possible How to build a network of contacts even if you currently have zero Information on what will kill your chances at a job interview before you even utter a word Insider tips that will make sure you are impressing the bosses from day one, seriously A summary of the best resources This book will cut your research load in half: the laidback, relatable tone of this semi-autobiographical book makes it a most enjoyable read and with much of the information presented in a bullet point format you should be able to get through it rather quickly. You can check out the full table of contents for To Become an Investment Banker, here About the Author Heather Katsonga-Woodward began her investment banking journey in 2004 with an internship at Goldman Sachs. Along the way she picked up a lot of useful tips that helped her survive (and get promoted) even during the whirlwinds of the 2007-2009 credit crunch and they could certainly help you. With input from four other bankers, this book encompasses 25 years of collective banking expertise. The book is now available for purchase: USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx
Views: 1079 GirlBanker
Business books to read to start a booming business...
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx A LITTLE STORY: When my friend Scott walked me to my car at the end of a visit he was so shocked to find that I was driving a brand new red Mercedes coupe that he remarked, "Heather this car doesn't make sense with your personality!" A few months later when my friend Isabel visited, as we settled into my car, she remarked, "Heather you know you're an enigma to me - how can you drive a brand new Mercedes and still shop at Primark?" The reason for their surprise is simple: I am vehemently and unapologetically frugal. I'm a saver. In addition, I'm very humble when it comes to money. I hate talking about money, it makes me feel uncomfortable and embarrassed. I don't know why. I never even told my work colleagues or my parents about the Merc - people found out I had it months after I'd bought it. I'll tell you why Ms. Frugal bought a Merc in the first place in the Build Super Savings book. http://www.nenonatural.com/1/category/business/1.html
Views: 984 GirlBanker
Investment Banking Applications - Be Specific and Give Good Examples
 
01:40
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Your resume/CV is the first opportunity that you get to market yourself. Through your CV the recruiter decides whether or not to interview you and indeed, whether they 'like' you or not. You want everything about your resume/CV to say, I'm the person for this job, hire me! Here are some pointers to help you get noticed: 1. Avoid information overkill Try to keep it to one page but two pages is okay if there is a lot of white space. All important information should be on the first page; if page one is unimpressive the recruiter will not waste any time by going to page 2. 2. Bold the important facts so that they stand out Some people only skim read. If you bold your key selling points then they won't miss them. 3. Stick to short bullet points The maximum length of any bullet point should be two lines, ideally. It stops the reader from getting bored. Don't use a narrative style, write in short punchy sentences. 4. Don't make any grammatical or spelling errors - not even one. Such mistakes say: I am lazy I have poor attention to detail I'm not not client-ready I can't work independently I'm a poor quality hire 5. Only include facts that make you relevant to the job at hand A resume / CV is a snapshot of your qualifications for a specific job. You don't need to include: Interests or hobbies, unless they directly add to your value as a new hire Previous salaries Reasons for leaving former jobs 6. Don't mass produce your resume / CV Unless you are applying for identical roles in different companies, you should not send identical resumes/ CVs out. Customise them according to what you are applying for. If you're applying to a TMT Team in IBD mention things that highlight your tech knowledge. Can you build apps and websites? Which web building languages do you use? Although you won't be doing any of this stuff it shows you are plugged in to the psyche of the tech world. If you are applying to a Healthcare team that tech knowledge is going to look misplaced so you'd include less of it. 7. Lacking relevant work experience? Focus on your skills. Even if you have never worked before, whatever life experiences you have, there will be some transferable skills. Organisational skills developed as result of being the eldest of five children? Experience dealing with difficult situations as a result of being the Head of House at school? Mental perseverance developed from being a top athlete or musician at school and having to train for crazy hours when most of your friends were chilling and having a laugh. 8. Don't hide anything Make sure to have dates clearly displayed so it doesn't seem as though you're hiding career gaps. 9. Don't lie or exaggerate achievements Investment banks do background checks on all CVs, especially if you are an experienced hire so they will find out anything that is not true. 10. Get a second opinion Even if you cannot afford professional help a friend will be able to point out typos that you might have missed and other irrelevant detail. Try to ask a friend that has some experience with looking for jobs as they'll know a little more about what employers are looking for. If you can afford it, getting an independent investment banking coach/mentor will help to place you ahead of the competition. Here is an example of a good resume / CV, it's the actual CV I used to move from IBD to Derivative Sales without any changes. It's not 100% perfect but I purposefully haven't changed it because I wanted to use a real CV that got a real job. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 2260 GirlBanker
Importance of an investment banking internship
 
00:30
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker At junior levels all banks want just one thing: someone with the right attitude. They will train you to ensure you have the technical skills but underlying all that they want a go-getter, someone who is hungry to excel. That is the fundamental requirement. In addition to having the right attitude, they look for: Someone who has some technical knowledge or appears to have the ability to learn quickly Personable people who will work well with others ('team players') Charismatic people with a presence especially for advisory or sales roles Self-starters i.e. people with initiative Investment banks vet their applicants with extreme care. The majority of their hiring needs are satisfied through their annual recruitment of new graduates. The vast majority of new hires are recruited after completing an eight to twelve week internship the year before they embark on full time employment. Many universities don't emphasize this point hard enough: if you want to become an investment banker, do an internship a year before you graduate. That said, a résumé/CV looks more interesting if you have a variety of different experiences: one solid banking internship plus two or three other out-of-the-box experiences (charity work, other industry or business experience) will do much more for you than three banking internships. http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 1413 GirlBanker
How I Built Super Savings In Banking
 
00:42
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx IMAGINE a life where you had no payments... ...where you and your kids wear nice clothes and maintain beautiful hair, credit card free ...where every gadget and machine in your house is fully paid for ...where you drive a fancy car but have no car payments ...where you enjoy at least one annual holiday but still enter every new month with a credit card balance of 0.00 This is the life I live. I help you get to that life in Build Super Savings. http://www.katsonga.com/girlbanker
Views: 3175 GirlBanker
Introduction - Girl Banker Talk at Greenwich School of Management
 
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http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
Views: 1711 GirlBanker
Is university or course more important for getting into investment banking?
 
01:24
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Simple answer: university. I get asked this question time and time again by prospective investment bankers. Should I choose this university or this other one? I know this university is lower in the league tables but the course that I have been accepted onto is more closely related to finance - that will make my chances of getting into an investment bank higher, right? ... My advice? Go to the best university that you get into. http://www.katsonga.com/girlbanker/what-will-stand-out-more-on-my-resumecv-university-or-course
Views: 2377 GirlBanker
Graduate Recruitment Process - Investment Banking
 
02:13
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker This is a very popular question amongst students who want to become investment bankers. The process is very similar across different investment banks and works as follows: http://www.katsonga.com/girlbanker/how-does-the-graduate-recruitment-process-work-for-investment-banks Note: The proportion of interns offered full-time contracts varies from year to year and from bank to bank; it is never 100%. Usually banks will recruit a few more people from outside the summer program but at the moment many are not doing this; banks are selecting the best summer interns and that's it so getting an internship is critical to becoming an investment banker. If you've interned but have not secured a full-time job, you will have a better chance of securing an alternative entry-level position than if you hadn't interned at all, so do not despair. Some banks may not have filled all of their positions from the internship program and will look to fill in those roles with people like you.
Views: 1060 GirlBanker