Whilst for school students World Health Organization don't seem like aspiring bankers on paper (i.e. no fin/acc major, business degree or relevant work experience) it's of epic importance. After all, you guys have to be compelled to be able to make a case for why you would like to try to to investment banking once your past selections don't recommend something of the type.
How does one provides a 10/10 answer to the "Why investment banking?" interview question?
There's a large choice of points you'll build, however keep it short and sharp. usually a decent answer can contain 3-5 solid reasons why you're curious about IB.
Typical examples like world category education, skills development, style of work, the challenge, real responsibility in billion dollar transactions etc. are all acceptable.
But attempt to not influence a similar BS as everybody else.
Importantly, avoid reasons that are egoistic during a 'bad' manner
Let ME make a case for. As a banker interviewing you I'd be OK if you mentioned investment banking attracts you thanks to the educational opportunities, as this can be a ungenerous reason that additionally, and ironically, advantages the bank - ablaze twenty four year olds place in 100-hour work weeks with ease in any case.
But if I detected you wished to try to tod do} IB merely so as to 'build your resume' and/or to secure an exit chance i might - in my mind a minimum of - throw you out the freaking door then proceed to get a BlackBerry beat down! Being created to want a halfway house for monetary vagrants, a mere stepping-stone, isn't my plan of fine times you see. therefore even supposing everybody is aware of investment banking is engaging for the resume & exit oops don't say it!
What will assist you avoid a BlackBerry Beat Down? Well, you'd get ME very interested if you answered the "Why investment banking?" interview question by talking regarding however you have got older friends in banking World Health Organization have over the years shared with you what it's like to be a banker - each the nice and also the unhealthy.
And then however that's created you notice three specific things regarding banking that build it stand out higher than the other graduate job.
Not solely can i think you continue to love banking despite the war stories, however that you've truly given it some thought on the far side "I would like a pay of Blankfein proportions if I'm ever planning to pay off these student debts".
What I'm making an attempt to mention is that a good answer will list distinctive and specific reasons 'why investment banking' and it'll connect them to the sources you learned them from whether or not they be friends, professors, books etc.
Want half dozen specific reasons 'Why investment banking' that are bound to work? attempt talking regarding however you like the...
Cornerstone role investment banks play in deals and/or the role they play additional generally inside the planet of business - IBs are to business what the White home is to the world...central hub HQ! And this can be why bankers are referred to as masters of the universe. therefore talk about this time, albeit laced in additional formal language and while not ever mentioning 'masters of the universe'!!
Coalface exposure to trade and monetary markets, that is exclusive to IB - there's not a graduate job on the world that puts you nearer to the action than banking.
Results-driven deal-oriented approach - this time distinguishes banking from such a large amount of different professions like law, consulting etc, wherever players usually get bought merely 'doing', as opposition 'achieving'. And by specifically mentioning this time you may show bankers that you've got the proper mentality which you're not AN increment-fiend like lawyers. notation yet again make certain to phrase this during a more skilled kind of way!
Type of those that add banking - quote this from each a learning and pleasure purpose of read, and most significantly reference individuals you recognize in banking (particularly at that bank) to avoid wanting like you're merely shining shoes and necking ass!
Nature of the work - analyzing, drawback finding, real-world targeted. If you're planning to quote this then make certain you bring up a few of examples in passing; eg 10k analysis, spreading comps, deal structuring etc.
The specific industry/product cluster you're interviewing with - this can be a must! By talking regarding why IB through the lens of that specific group, you'll very slender the explanations all the way down to specific, tangible, relatable ones - which suggests that bankers are additional seemingly to believe you and such as you. eg If you tell Emma Goldman Sachs TMT that you simply need to try to to investment banking as a result of you discover the business/investing facet of the school trade fascinating once operating as an unpaid intern at a social media pop out over summer, then you'll hit the "Why investment banking?" question out of the park!
Whatever you select, make certain you'll speak showing intelligence regarding it if probed by the bankers.
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