How to Become a Wall Street Investment Banker
If you have a strong will, a passion for numbers and an interest in finance, becoming an investment banker might be a good career choice. If so, Wall Street is the eventual goal, being the top posting in this important industry. But to get there, you will have to go back to school, secure one or more summer internships, network aggressively and then secure work with an investment firm to get your foot in the door of the financial services industry.
Instructions
-
-
1
Enroll in a Masters of Business Administration, or MBA, graduate program. While some investment bankers get their start without an MBA, earning the degree is recommended for those who wish to break into high-profile Wall Street jobs. Take as many classes in finance as possible, and specialize your MBA in finance, if possible. While a general MBA is helpful, many schools allow you to specialize in finance, which can come in handy when it's time to knock on Wall Street doors.
-
2
Network with your classmates and their connections while you're at school. In a few years, some of your classmates will be working at high-profile Wall Street investment firms. Knowing them, maintaining your relationships with them and meeting their connections is a significant advantage when it comes time to look for a job.
-
-
3
Secure a summer internship while you're still in school and immediately after graduation. Summer internships with banks and investment firms are one of the best ways to meet people in the industry and get hired. Investment banks typically recruit full-time employees from their internship programs.
-
4
Network with banks and financial professions during school and once you graduate. Especially for Wall Street jobs, much success depends on who you know and who can help you rise above the pack of job candidates. Exchange information with as many banking contacts as possible. Keep in touch with them. Check in with them periodically, and when it comes time to get a job, don't be afraid to ask them for a leg up.
-
5
Keep trying to use your network to get a job, even if you fail to secure an internship over the summer. Even if you graduate without investment banking experience, your connections and perseverance will come in handy. Don't be afraid to ask connections for a job or for help finding a job. Your failure to take no for an answer will come in handy when you finally make it into Wall Street's tough work environment.
-
1
References
- MadeMan; How to Become an Investment Banker; John Stone; 2010
- Education Portal: Learn Investment Banking: Education and Career Roadmap
- Education Portal: Investment Banker: Job Description and Requirements for a Career in Investment Banking
- Careers in Investment Banking: Investment Banking: Skill and Talent Requirements