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How to break into Wall Street banks?

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Michael’s Answer

I can't speak too much to the coursework, but doing well in your classes and demonstrating interest through extracurricular involvement in finance-like clubs is always helpful.

My main advice is be ready for recruiting because it starts early, earlier than you might think. I thought about going into IB (Investment Banking) but by the time I was looking for an internship it was already too late. Most banks that recruit on college campuses open applications for junior summer internships the summer before your sophomore year. So, if you have any interest in IB at all, you need to start talking to recruiters early, I'd say even as early as your freshman year. Get the conversation started so you can develop a professional relationship with your recruiter and get your name out there.

Everyone I know that wants to go into IB had their offers signed for junior summer internships around March of our sophomore year. I know it sounds like a lot, but don't let the process deter you. Even if you're a little late to the recruiting train, keep in touch with your recruiter and try to network with people on LinkedIn. Try to find allums from your school that are employees at the bank and send them a message to ask if they'd be willing to chat. The more you can do to get your name out there, the better of a shot you'll have. Let me know if that helps!

Michael recommends the following next steps:

Talk to your campus recruiter, if applicable.
Find your local recruiter on LinkedIn, or on the bank's website.
Thank you comment icon Thank you for taking the time to help. Chad
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Ilse A’s Answer

Research the company: Before the interview, research the company thoroughly. Understand their mission, values, products/services, and recent news. This knowledge will help you tailor your responses and show your genuine interest.

Prepare and practice: Prepare answers to common interview questions, such as "Tell me about yourself" or "Why do you want to work here?" Practice your responses out loud, paying attention to your tone, clarity, and body language. This will boost your confidence and help you articulate your thoughts effectively.
Thank you comment icon Thank you so much, Ilse A! Chad
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Sashank’s Answer

Venturing into the world of Wall Street banks can be a thrilling and fruitful adventure for driven students like you. It might seem a bit tough, but with grit and the right strategy, you can boost your chances of making it. Here are some tips to guide you along:

1) Build a Solid Educational Base: Concentrate on your studies and strive for top grades. Choosing majors such as finance, economics, or business can give you a sturdy base of knowledge that's useful for Wall Street.

2) Network, Network, Network: Making friends is key in the finance world. Go to job fairs, industry gatherings, and join student groups that are relevant. Connect with professionals, past students, and your classmates. Have real conversations and let your love for finance shine.

3) Hunt for Internships and Summer Programs: Try to get internships or summer programs at Wall Street banks or finance companies. These chances let you get priceless experience, learn about the sector, and meet important people. Be bold and keep trying in your search.

4) Learn Financial Skills: Pick up practical financial skills that Wall Street really values. This could mean learning about financial modeling, analyzing data, and studying investment analysis. Use online courses, workshops, or certificates to boost your skills.

5) Stay Informed: Stay in the loop on current events, market trends, and the newest happenings in the finance sector. Sign up for financial newsletters, follow big names on social media, and join online groups where you can talk about finance-related subjects.

6) Polish Your Resume and Cover Letter: Make your resume and cover letter fit the job and highlight relevant classes, internships, and any leadership roles you've had. Show off your achievements and skills in a clear and professional way.

7) Get Ready for Interviews: Be ready to show off your knowledge, love, and excitement during interviews. Look up common interview questions, rehearse your answers, and be ready to talk about your interest in finance. Show that you can work well in a team, solve problems, and handle tough situations.

8) Persistence and Perseverance: Making it on Wall Street might need you to keep going and stay strong. Don't let rejections or setbacks get you down. Keep learning, growing, and looking for new chances. Remember, every experience helps you grow and gets you ready for future wins.

Remember, breaking into Wall Street takes time and effort. Stay focused, be proactive, and believe in your abilities. With determination, dedication, and a positive mindset, you can pave your way to a successful career in the finance industry.
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