How would you persuade interviewer that I'm truly interested in investment banking?
How would you persuade interviewer that I'm truly interested in investment banking? But I study and have a lot of experience in a different field that I didn't really see myself working in full time.
Are you truly interested?
yea ofc
Then why aren’t you studying finance or Econ? That’s gonna be the first question you’ll have to answer if your interest comes into doubt
thanks for mentioning this. i'll try to improve my why not finance/econ answer.
The same way you convince anybody of anything.
Evidence.
To convincingly demonstrate your genuine interest in investment banking during an interview, especially coming from a different field, consider the following strategy based on insights from the WSO content:
Articulate Your Transition Story: Clearly explain why you're transitioning from your current field to investment banking. Highlight any moment of realization or specific events that sparked your interest in IB. For instance, you could mention how, despite your extensive background in another field, you've always been fascinated by the financial markets and the pivotal role investment banks play in them.
Showcase Your Proactive Efforts: Discuss the steps you've taken to bridge the gap between your current field and investment banking. This could include taking finance-related courses, certifications like a modeling class, or engaging in self-study to understand financial markets better. Your proactive efforts demonstrate a genuine interest and commitment to breaking into the industry.
Leverage Your Unique Background: Turn your diverse experience into a strength by explaining how the skills and perspectives you've gained can add value to investment banking. For example, if you have a strong background in technology, discuss how this can be an asset in tech-focused M&A deals or in understanding the financial modeling of tech companies.
Engage With the Industry: Mention any interactions you've had with professionals in the field, such as informational interviews, networking events, or any mentorship you've received from industry insiders. This shows that you're not only interested in investment banking as a concept but are also actively engaging with the community and learning from those already in the field.
Demonstrate Knowledge of Current Trends: Highlight your knowledge of recent M&A deals, market trends, and financial news. This indicates that your interest in investment banking isn't superficial but is backed by a keen understanding of the industry's dynamics.
Express Your Eagerness to Learn and Grow: Emphasize your willingness to learn and adapt. Investment banking is a field where continuous learning is crucial. Show that you're eager to dive deep into the complexities of finance and develop the necessary skills to excel.
Convey Your Long-Term Commitment: Make it clear that your interest in investment banking is not a fleeting one but a carefully considered career move. Discuss your long-term career aspirations within the industry and how you see yourself contributing to the field.
By combining these elements into your narrative, you can effectively communicate your genuine interest in investment banking, despite coming from a different background. Remember, it's about telling a compelling story that connects your past experiences with your future ambitions in investment banking.
Sources: An ex-Goldman Sachs insider’s 10 tips on how to sail through investment banking interviews, A Guide for Switching From Commercial Banking to Investment Banking, A Guide for Switching From Commercial Banking to Investment Banking, What do you think gave you an edge over the other applicants?, Investment Banking Interview Questions - 15 Answers to Land the Job
Repellat ut accusantium dolorem odit eaque nam et. Dolorum est et labore unde quasi quasi placeat qui. Dolorem voluptas et vero et distinctio ut. Atque maiores ducimus quod inventore eos ea incidunt.
Omnis animi veritatis autem sit. Blanditiis nisi quasi quas consequuntur quam.
Laboriosam vitae sed quam voluptatem hic illo. Sit ea et et ea. Iure quaerat quaerat temporibus tenetur officiis iusto odit. Id reiciendis sunt delectus accusamus voluptates ut. Et et mollitia sed sint eius rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...