Banking and Investment
There are three main career areas within the finance sector, Accountancy and Financial Management, Banking and Investment, and Financial Services and Risk Management. This section covers Banking and Investment.
This is a huge global industry, especially, with London sitting in the centre between America and Asia. Clients tend to be large corporations, wealthy individuals and institutions.
Investment banking (IB) roles tend to be split into front office (making investment decisions and trading), middle office (advising and monitoring the front office) and back office (providing research and information for staff).
Most jobs in IB (with exception of computer programming) tend to be advertised to students with any degree, as long as they can prove numeric ability and strong motivation to succeed. In addition to comprehensive insights into the different roles, you will also find advertised roles for graduates and work experience/internships. You will need to be well-informed in order to compete for a role in IB. Use the main resources below.
The following sites give comprehensive insights into the different career areas in this field, salary information, training and development, key skills required, as well as advertised jobs and work experience/internships/placements.
- eFinancialCareers (for guide to Careers in Financial Markets click on image above)
- Graduate Prospects
- Inside Careers (Banking and Investments)
- Target Jobs (Investment Banking)
Recommended reading by Morgan Stanley
Morgan Stanley have an infogram – The Big Picture – a quick guide to Investment Banking, which sets out an overview of investment banking. Click here to access.
There’s much application advice, a jargon buster and more – click here.
The Directions Online career service is a one stop shop for learning about the financial sector, and it is run by the Financial & Legal Skills Partnership (FLSP), offering everything you need to start planning a career in the financial services sector, comprising: Accountancy, Banking, Finance, Financial Planning, Insurance, Investments, Pensions and Legal. Go to directions.org.uk/careers/ or click on image.
This is an online edition of The Gateway, a student newspaper in the style of the Financial Times with information about careers in finance, banking and accountancy. Click on image or here for The Gateway Online.
This is a free paper distributed weekly around London. There’s a free app and information about up-to-date developments in the City and in the banking sector. Click on image or here to access: CityAM.
Career profile videos
The A-Z Other Careers tab in this blog includes links to some excellent sites providing careers profile videos and insights from other graduates who are working in that field. You can search these by sector and job title, and there is also additional information relating to that career field, such as salary information, employers, geographical information and more.
Tips for Investment Banking CVs
Click here for some helpful information from eFinancialCareers about what you need to do to ensure that your CV is targeted to investment banking. A one-page format is usually recommended. In addition, there is an example CV with annotations offered by TargetJobs for a final year investment banking CV – click here to access.
One of the key professional bodies is the CFA Institute. It’s mission statement is To lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. (Click here for CFA Institute website). They offer courses, training events and career resources.
Information for students with disabilities or long-term health conditions
“Getting investment banking is a uniquely interactive event designed to provide undergraduates with disabilities and long-term health conditions an insight into the true nature of the opportunities available within investment banking and the support that can be provided.is an annual event.” Typically, this event is aimed at first and second year students.