If you plan on getting into investment banking, you might already know how hard it is to get the job. Thousands of competitors try their luck every recruiting season, and you will have to do your best to beat them all.
To do this, you will need a resume that catches the investment banker’s attention and stands out among the competition. That’s why I will teach you how to write a competent investment banking resume that showcases all of your skills in the right way.
Grab Their Attention
Let’s begin with some nerve-racking facts. Did you know that investment bankers only spend about 6 seconds reading your resume? That’s right, the recruiters that will decide whether you make it or not will take a look at the most relevant parts of your resume in just 6 seconds. Make each one of them count.
How do you do that?
It might seem obvious, but first, you have to make sure your resume is easy to read. Use simple fonts that are resume-friendly. Take advantage of white space so that it doesn’t look packed. Don’t write complicated headlines, and save your resume in a convenient format, such as PDF. Also, stick to the reverse-chronological resume format, making your recent and most relevant experiences the first thing the investment banker will lay their eyes on.
Additionally, only three percent of candidates get a job after an investment banking interview. The information that you include in the first sections of your resume has to be relevant and impressive enough to make you stand out in the eyes of the banker.
The recruiter will first take a look at two specific sections of your resume:
Your investment banking resume objective/summary.
Your professional experience.
Depending on how long you’ve been in the industry, you will have a resume objective or resume summary.
If you’re a fresher or don’t have that much experience, you will have to include an investment banking resume objective.
This will be a short text at the top of your resume showing why you’re a great candidate. Tell them where you went to college, what’s your GPA, and mention any previous experience that would be relevant to this new job position. Don’t forget to include quantifiable details that back up the importance of that experience.
It’s also good to highlight your communication skills in this part of your resume. Don’t just say that you’re a great communicator, though, show it. For example, flaunt how many languages you can speak, which is always a great plus in the world of investment banking.
Even though it seems like a lot of information, try to be as concise as possible, your resume objective should only be three sentences long maximum.
On the other hand, if you have been in the industry for a while, you will have an investment banking summary.
This text should sum up previous work experiences you’ve had that match the position you’re applying for. Mention your years of experience, how many deals you have worked on, and your most significant achievements. Again, sprinkle some quantifiable details that give credibility to what you’re saying.
Making it a little bit more simple, you should just try to market yourself in this part of your resume. Show the banker how much you’re worth and what you would bring to the table. Also check out this FB page from Wall Street Mastermind https://www.facebook.com/wallstreetmastermind/ they post some really good info about how to ace your investment banking interviews.
Then, when it comes to your professional experience section, you will want to make it as clear as possible. The recruiter that will read your resume will take a look at the companies you’ve worked for, what job titles you have held, and for how long.
The trick here is to find the right job title. You’re not going to lie about the positions you’ve had, but sometimes companies have quirky job titles that have more conventional alternatives. Do a simple search on Google and social media to see what version is more popular and use that in your resume. You can use the original job title and then include the most common one in parenthesis to make it all clear for the investment banker. It’s all about what resonates the most.
Include The Right Keywords
When you take into account that recruiters have to go through almost 250,000 resumes, you understand why they started using ATS.
ATS, or Applicant Tracking Systems, scan every resume that the company receives and look for specific keywords the firm wants to see in their candidates’ resumes. If yours passes the first screening, you are ready to see the recruiter face to face.
But you might be wondering, what are these special keywords firms want to see? Well, it’s actually really easy to find them. You just have to follow these steps:
Be realistic and apply for a position that matches your experience, knowledge, and qualifications. This will increase your chances of getting the job.
Find the job description for the position you’re applying for and study it. Take out the main keywords regarding experience and qualifications and include them in your resume. This way, it will exactly show what they asked for.
Be honest and don’t include things you know nothing about even if they are in the job description. This shouldn’t be hard if your experience actually matches the job position.
ATS might not be as smart as you think. Spell out even the most common acronyms just in case.
Talk About Your Hobbies, But Be Smart About It
Not everyone likes including their hobbies in their resume, but it works wonders when your hobbies actually match your target firm’s culture. Before including any of your pastimes in your resume, take a look at what the company enjoys doing.
If you like it as well, then go ahead and put it in the hobbies section. This will surely be a conversation starter, so if you don’t actually enjoy whatever activities you put in there, it’s going to show. Don’t use this section to try and make the banker like you because it will only backfire. Just be genuine and smart about it.
Getting into investment banking is no easy task. Only the best of the best make it, and if you’re one of them, you need a resume that’s on par. After you apply what you just learned, you’ll have a brand new resume that will take you one step closer to having a job in investment banking.
If you’re an ambitious business student that wants to become an investment banker, you’re probably looking for the best resources out there to knock it out of the park during your interview.