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How to Get Into Investment Banking With No Experience

 | 
March 20, 2024
UPDATED: 
March 20, 2024
How to Get Into Investment Banking With No Experience

Many students want to break into investment banking, but have no finance experience and come from non-target schools. They often ask themselves: "How to Get Into Investment Banking With No Experience" It's an age-old dilemma that many find difficult to answer. But it doesn’t mean you are out of luck! There is hope for those who wish to make the leap towards financial success without any prerequisites; there just needs to be some creativity involved.

You can also read about what is the best online banking service

Here are a few tips on how to get into investment banking when you have no experience.

  • It's almost impossible to stress enough how important this is. You need to get to know people in the field and have them create a bridge for you between yourself and your bank. It'll be easier, safer, and less time-consuming than if you had applied normally!
  • For any work-related business or job, always make a conversation. Always assume that your employer is not going to make a move. They don't have to. Be proactive and reach out first in person or at least on the phone so they know you're serious about getting this job done right!
  • If you're a recent graduate or just getting started in your career, one of the most important things to get that first job is making sure they see all the education and training that you've taken. Even if it does not work experience yet, including courses on their CV will show them how qualified they for this position are!
  • The more you learn and the better your knowledge, the higher your chance of success. So keep up to date with what's happening in trade press and news outlets so that you know how things are shaping out on a global scale.
  • Never get your inspiration from movies such as Wall Street. This is real life, and your employer will not appreciate knowing the difference.
  • Learn financial modeling

FAQ’s

Is it hard to get into investment banking?

Investment bankers are some of the most talented and dedicated professionals in all industries. They work around 100 hours a week to complete complex tasks such as research, financial modeling, presentations for clients - yet they still manage to deliver world-class results on every project assigned!

Are investment bankers in demand?

As the global market increases in investment and baby boomers reach retirement age, demand for the expertise of bankers is expected to rise.

Is banking a good career?

The banking industry is a great place to work not just because of the salary but also for all the benefits that come with it. Banks offer competitive salaries as well as excellent perks like medical and pension coverage, loans at low rates, and job stability.

How can I improve my banking career?

You can search for another job in private banks or public sector banks. I would recommend you to aim for passing the CAIIB and JAIIB examinations that are conducted by the Banking department, which will allow you to excel within your current position with ease.

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