Summary/ Objective Section
“Is it really needed? Can’t I just write my past experience, which shows I’m qualified”.
Absolutely Not. Hiring managers receives about hundreds of applications for a Investment Banking position and each and every one writes about their past experience. This makes it extremely impossible for the manager to decide who to hire, so that’s why a good summary section on top of your resume helps them make a final decision.
A perfect summary should be succinct and precise which means short and not vague. An example might be:
An Investment Banking Analyst with 5+ years of experience and closed 15+ sell- and buy-side M&A deals each worth about $1B on average. Collaborated with CEOs and CFOs at 10+ venture-funded startups and IPO/M&A candidates. Served as a recruiter, and mentored over 10 new Analysts and Associates.
If you’re a recent graduate, it’s better to write objective showing your relevant experiences:
A motivated and skilled graduate holding a BA in Economics from Rice University (GPA 3.9.) Worked as a Financial Projection and Social Media Intern at Morgan Stanley Wealth Management. Also interned as an M&A generalist with a boutique bank Allen & Company. Speaks fluent French and beginner Mandarin.
Work Experience Description Section
The way you describe your past experience makes or breaks the deal of you landing the job as an Investment Banker. Here are a few examples you can use variety of past experiences to land an IB job.
If you are just getting out of college and the only experience you have is of a research analyst at a non-profit, you can do the following:
Market Analyst – CleanTech Group
Houston, TX – 2017-2019
- Analyzed ethanol and solar companies’ performances and reported on key financial and market characteristics
- Collected financial performance data on solar cell manufacturing companies and concluded that post-IPO companies missed earnings expectations in 50% of cases due to overly aggressive forecasts
- Tracked individual ethanol producers based on management teams, strength of intellectual property, and rounds of venture capital funding
If you have been investing your own or your friend’s and family’s money in stock, you can write the following:
Houston, TX – 2017-Present
- Earned 12% average annual return over 2+ years on a managed portfolio of selected US and Foreign stocks
- Analyzed tech stocks market fundamentals and invested 5% of portfolio in a SAAS company due to growing network effects by expansion into services.
If you have experience of working as an analyst at an actual IB firm but majority of your job was grunt work, you can still make it sound like a big deal. An example is as follows:
Investment Banking Analyst – JP Morgan Chase
New York, NY – 2014-2019
- Analyzed companies, performed financial modeling and valuations, and assisted with marketing and client work; worked on potential sell-side and buy-side M&A deals
- Technology Company’s Potential Acquisition of Internet Company
- Researched list of potential targets for technology company and narrowed down list from 100 to 10 based on geography, market cap, and product line
- Mining Company’s Potential Sale
- Assessed best buyers for mining company and created list of 30 based on acquisition proclivity, financial wherewithal, and product overlap
Education section should clearly show the courses you took, your performance compared to your peers and certifications you hold which are required in the field by your state or country.
Beginner education section should be more elaborate, an example would be:
Rice University, Houston, TX—2019
- Key Courses (%, class avg): Econometrics (96%, 78%), Competition and strategy (92%,84%), Games and economic behavior (90%, 83%), Investment Theory and Asset Pricing (89%, 76%), Corporate Finance (87%, 81%)
- Extracurricular activities: Member of Dartmouth Quant Traders
Someone with more experience doesn’t need to write about each degree in detail.
Yale School of Management, New Haven, CT—2019
Master of Business Administration
Rice University, Houston, TX—2017
You should also use this section to add any certifications you might have that are relevant to Investment Banking.
2019—FINRA Series 7 and 63 licenses
You don’t necessarily need a seperate section for skills. Ideally you should use your job description section to add all the relevant skills.
Below is the list of skills, you should use everywhere you can in your resume. Remember irreralance is penalized in Investment banking profession, so use them carefully.
- Communication (incl. rapport building)
- Transactional experience
- MS Power Point
- Public speaking
- Qualitative analysis (e.g. market analysis)
- Quantitative analysis (e.g. financial analysis)
- MS Excel
Interests or Other Things Required
To show that you’re career driven and really want to become the best in your field, it’s nice to add things that you do outside work and school that lead you towards your goal.
Some examples might be:
- Member, Professional Trading Association.
- Regular listener, Farnam Street Podcast
- Student Leadership Conference, Gave presentation on Investing young.
- Business Accelerator, Gave talk on Thematic investing
Contact Information Section
What use is the resume, if the hiring manager cannot contact you easily. Make sure you put this information on the top where it’s easily accessible and has all forms of contact information including:
- Full Name
- Work Email
- Current Phone Number