Investment banking internships typically lead to investment banking jobs. However, it isn’t easy to land this sort of seasonal employment, and anyone interested in an investment banking career would do him or herself a favor by reading up on how to get one of these internships.
This first step: Getting past the 15-or-so seconds hiring managers will give to your resume.
No one is going to give your resume a thorough read-through, at least not unless something in it caught his or her eye during those first 15 seconds. This is why it is essential to put together the perfect resume, the sort of eye-catching document that investment banking hiring managers yearn to see. To do this you’ll have to know how to properly format your resume, as well as the sort of details that stand out to investment bankers. For more on how to put together the perfect resume for an investment banking internship, read the guide below:
Investment banking hiring managers want a resume that is short, yet packed full of easy-to-digest details. To do this, you will have to format it properly. The key to a properly formatted resume is length – as in, don’t have too much of it. Always try to keep your resume to one page. This will ensure that the hiring manager can quickly scan it, and that you include only the most important details about your previous work experience.
“Always try to keep your resume to one page.”
For someone in search of an investment banking internship, that one page will include three essential sections. First will be the heading, which should include your name, phone number, email address and home address. Make sure to type your name in a slightly bigger font than everything else, so that the hiring manager will remember who you are.
Following that you should have your education. This section is especially important for people looking for an internship, since you likely haven’t spent much time delving deep into the world of investment banking just yet. Your education section should include where you are attending school, what your major is, your GPA and your graduation date. The GPA may be scary for some students who don’t have the sort of grade they’d like prior to applying to an internship. However, this must be included – leaving it out will only lead to hiring managers suspecting the worst. A couple workarounds include adding your major GPA, or the GPA from your most recent semester.
Finally, there should be a section detailing work experience. This should include from two to four bullets about previous jobs, as long as they are relevant to investment banking. That being said, even if it was a previous internship in a different field or a summer job that showed hard work and dedication, any experience is better than nothing.
Hiring managers aren’t looking for multi-million dollar deals on your resume; they know your experience is limited. However, they do want to see results. Too often people list what they did at their previous jobs, instead of what they achieved. When putting together a resume for an investment banking internship, it is important to remember that this section shouldn’t describe you, rather it should be about your previous employers and the results you helped achieve for the firm.
Everything in the work experience section should be described in a results-oriented fashion, highlighting not just the work you did, but the benefits it had for the firm. When relevant, make sure to include keywords – which will illustrate inside knowledge and a passion for banking – as well as metrics – which bankers love, and which will offer them actionable evidence of what you’ve achieved in your previous experiences.
Landing an investment banking internship is by no means easy. Firms are only looking for the best of the best which is why formatting your resume and gearing it to a results-oriented audience is crucial. You may not have the most industry experience to show on your resume, but if you’re able to get past the screen and into the interview process, you can bring up your passion for it in person.
Stay tuned for more articles on landing an investment banking internship, including guides to writing a cover letter, owning an interview and landing the internship.