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Breaking into Banking: Analyst Tips

A must-watch video interview for anyone looking to understand what recruiters at the top firms are looking for in new hires, and how you can stand out during your internship.

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8 Lessons (30m)

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  • Description & Objectives

  • 1. Question 1 - AM and Anish Interview

    03:39
  • 2. Question 2 - AM and Anish Interview

    03:04
  • 3. Question 3 - AM and Anish Interview

    04:07
  • 4. Question 4 - AM and Anish Interview

    04:53
  • 5. Question 5 - AM and Anish Interview

    02:53
  • 6. Question 6 - AM and Anish Interview

    03:21
  • 7. Question 7 - AM and Anish Interview

    03:51
  • 8. Question 8 - AM and Anish Interview

    04:00

Next: Investment Banking Interview Skills

Question 6 - AM and Anish Interview

  • Notes
  • Questions
  • Transcript
  • 03:21

Given the choice, how would you choose between teams?

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Transcript

- So let's talk about the different teams, the industry teams and the execution teams. I, personally, I worked on financial institutions, the FIG team, focusing on banks, and I did oil and gas. I think probably I preferred the financial institutions team, because it was more interesting work. In fact, actually, there were more deals going on in the firm at the time. How about you? What recommendations would you have in choosing, if you get the choice, that is, of, which ones would you, how would you go about choosing? - Yeah, so like you said, my first contention or intuition would just be the best thing to choose is just choose the bank that gives you a job. That's probably a good place to start. You know, it's good to have something in the hand before you then start debating whether it should be this or that. But for those, if you're going through an internship process right now, and you get an offer, and you're debating between what groups to join within a bank, which is a decision that you may have to make, like you said. Or, the other option is, you know, maybe you don't get to choose, and you're simply just interning, or joining full-time in the group that you interned in. Either way, I don't think there's honestly, much of a difference. But for the sake of the scenario where you do have a choice, or you may have some choice, what I would say is, you know, in my time, and I appreciate the fact that, you know, you worked in FIG and financial institutions, when I worked in finance, I didn't get to choose, I was placed in FIG, it was a bit of a random process. And I remember at the time people telling me like, "Oh, my God. You're gonna be branded as a FIG person, as a financial institutions person for the rest of your life." It almost felt like I was getting a face tattoo with FIG across my forehead. And in reality, that's not what happened at all. I think in general, when you join, especially at the junior level, you're really trying to learn how to do the job properly. You're learning about the fundamental habits and principles that you need to understand, like having a good attention to detail, having the right attitude working with people, being responsive. Those qualities are more important than the specific financial details. And anything you learn financially, can always be applied to anything else. So my view would be, my exact advice would be don't focus so much, or be so sad, or hung up about what industry group you end up in, if you're doing coverage, if you only have the opportunity to work on the capital market side, I would not worry too much about where you end up if you don't have a choice. If you do have a choice, prioritize the team and the people over what's currently trending, or what you've heard, you know, people do in order to get somewhere. Prioritize the team, because ultimately, you're gonna be working and spending more time with them than anything else. So if you don't really enjoy or jive with the people on your team, then it may end up being a very painful experience. - Great. Now, you've done the role of an analyst and it would be really great just to kind of get a sense of what were the hardest things about the job and what were the kind of highlights of your

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