CAREERS 101

INVESTMENT
BANKING
 RECRUITMENT
PROCESS
The key to investment banking success is a
thorough understanding of the sector.
Research is required to understand the
sector. Then, consult investment banking for
the most recent information on what is
happening in the banking sector. To learn
how to break into investment banking, you
should also be well-versed in recruitment.
Here is a quick rundown of the operation of
the investment banking sector: -
 RECRUITMENT
PROCESS
Be ready for a strict recruitment process:
Banks are notoriously strict about their
hiring procedures, making it challenging
for a novice to pass. This means one must
possess theoretical and practical
knowledge to work in the investment
banking sector.
Know that banks prefer newbies: Fresh
graduates with no expectations or
notions about working hours are
preferred by banks. Candidates for
investment bank jobs must put in 100 or
more hours per week, so hiring
inexperienced students is always
beneficial.
 RECRUITMENT
PROCESS
Top-notch university graduates are
always ahead of the curve: Otherwise,
getting a job at a bank would be difficult.
Banks prefer students from prestigious
universities like Wharton, Harvard, Oxford,
Stanford, etc. Take the CFA Exam to
increase your chances of being included on
a shortlist.
Banks prefer interns: If you're not a
student at a prestigious university, look for
an internship with one. The holy grail of
investment banking and the sector can be
reached with a few outstanding
internships. The analyst position—the first
step into investment banking—will be
obtained through these internships.
 ENTRY
POINTS
Analysts
It is an entry-level position in
investment banking. For this position,
candidates with an undergraduate
degree or a master's degree are
typically chosen at random.
In some instances, though, banks also
take applicants with 1-2 years of
experience into account.
Analysts put in a lot of effort in the
field. They transition to private equity,
hedge funds, or other larger banks after
working in the sector for three to four
years.
 ENTRY
POINTS
Associates
In most cases, associates are chosen
from prestigious MBA universities. They
are occasionally chosen from the talent
pool of analysts.
They direct high-profile individuals like
partners and managing directors while
supervising analysts.
In most cases, associates stay and work
towards promotion over a long period
rather than switching jobs after a few
years.
 TECHNICAL
SKILLS
Mastering technical skills and doing
extensive research on the job application
process are crucial strategies to enter the
field of investment banking successfully.
It is crucial to write a succinct and
compelling resume that emphasizes why
the applicant is the best fit for an
analyst/associate position in investment
banking because recruiters only spend a
few seconds on each one.
The likelihood of employment in this
cutthroat sector will increase by
emphasizing M&A profiles and excelling
in disciplines like financial modelling,
accounting, valuation, Excel, and writing.
 TECHNICAL
SKILLS
Be proficient in financial statement
analysis: This indicates that expertise in
cash conversion cycles, ROEs, ROCEs, and
ratio analysis, among other things,
should be present.
Master valuation skills: A financial asset
or liability's potential market value is
calculated through the process of equity
valuation. Numerous situations call for
valuations, such as investment analysis,
capital budgeting, merger and
acquisition deals, financial reporting, and
taxable events to ascertain the correct
tax liability and legal proceedings.
 TECHNICAL
SKILLS
Become a financial modelling ninja:
Financial modelling is the process of
predicting a company's future or the
future of an asset using an
understandable Excel model and
scenario analysis.
Become awesome in Excel: An investment
banking analyst works on Excel for
roughly 10-12-14-16 hours daily,
performing financial modelling, and
valuations, creating pitch books, and
analyzing financial statements.
Consequently, be sure to master Excel.
 ROLES &
RESPONSIBILITIES
Examining a company's financial records
while also assessing its peer companies.
Should have experience with financial
modelling and be able to develop
financial models for businesses.
The analyst's job may not be sector-
specific, but they must be able to
perform valuations for complicated
transactions.
Understanding accounting practises will
help you confidently analyze businesses
based all over the world.
Create and maintain leveraged buyout
and M&A consequence models for real-
world transactions.
 ROLES &
RESPONSIBILITIES
Additionally, they must forecast future
performance expectations for their
clients and advise on local and
international market conditions.
They must be able to offer their clients
investment options with a respectable
rate of return.
 LIFESTYLE
7:00 AM - Wake Up
Get out of bed and get ready for work. While
travelling to the office, check emails for any
updates on last night's work.
9:00 AM - Reach your desk
Reach the office, settle at your desk and jot
down the to-dos for the day.
9:15 AM - Discuss IPO
A conference call to discuss an upcoming Initial
Public Offering (IPO) roadshow presentation
10:00 AM - Your Director 'needs you'
Your director assigns you and another analyst
to review valuation materials for a live
transaction.
12:00 PM - Review M&A Pitch
Meet your managing director to review the
materials on the M&A pitch
 LIFESTYLE
3:00 PM-Revised Road Show
Send revised roadshow to the client and start
reviewing the valuation materials
5:00 PM - Send M&A Valuation Material
Send reviewed valuation materials to your
director. You then check in with another
analyst on the materials for your upcoming
pitch
8:00 PM - Revisions to M&A material
Receive comments from your managing
director on the valuation materials and start
making the changes.
11:00 PM - Complete draft on M&A materials
Finish a draft of M&A materials and send it
out. Travel back home while replying to a few
e-mails.
CAREER EDGE

CONSULTING FELLOWSHIP
Mentors from

2.5 or 6 months, 10 mentors, and 30+ hours of live

mentorship on Consulting careers, CV making
(including 1:1 edits), Guesstimates & Case
Interviews.

Rigorous interview practise through real-time

guesstimates solving & buddy teams for mock
cases.

Placement Assistance through access to employee

referrals by our consulting mentors. Job
opportunities from our hiring partners.

Live case project (& certificate) with a real life

client & business problem. CV templates &
interview preparation resources along with 1:1
Mentorship.

(Registration Link is in
SIGN UP the comments)