How to Write a Great Investment Banking Resume

To help land the big investment banking job you seek, you may want to learn these tips for building a killer resume. Obtaining a job in this potentially lucrative occupation usually requires a few key skills and qualities—although a strong recommendation from someone of influence may trump all of them. 

Key Takeaways

• Investment banking is a competitive industry.
• To stand out among a crowd of other highly qualified job candidates, make sure to highlight your key skills, relevant experience, and education on your resume.
• Great references from past employers can help set you apart from the competition.

Building Your Resume

Although there is no perfect format or content for a resume, the suggestions below on how to optimize your resume have proven effective in getting jobs in the finance sector, including investment banking.

Keep in mind that there’s a difference between a resume targeted for an investment banking job and an accounting job. While the investment banking candidate may have some accounting experience, having an established background in other areas tends to be extremely important. This includes:

• Financial analysis
• Mergers and acquisitions (M&A)
• Initial public offerings (IPOs)
• Valuations
• Buy-side and sell-side research

And, of course, a candidate must be able to demonstrate a willingness to put in the demanding hours the job requires.

The resume format discussed below is standard and widely-used, but you may also want to research other resume formats. Also, note that the information included in the sample is for illustrative purposes only.

Education

To establish your educational background, list the college or university where you studied, the degree(s) earned, whether you had any special honors designations or noteworthy academic achievements, and your GPA. Also cite any specialized courses you completed that are relevant to investment banking. This could include computer science, statistical analysis, business writing, contract law, financial management, or business administration courses.

Employment Background

Include the title of your current and previous jobs, along with the name and location of the company and your duties and accomplishments in a paragraph. The example below demonstrates what it may look like on your resume:

2017 to Present – Branch of Major Bank, New York, NY
Junior Accountant, Business Loans Department

-Audited books of small business loan applicants to determine cash flow, debt levels and risk factors in order to assess credit worthiness.

-Reported directly to vice president and chair of small business loan committee.

Important

Your own resume will, of course, highlight your own education, experience, and other pertinent information. It should reflect your style and your own voice.

Skills

Create a section called “Skills” and list your relevant skills. For example, beyond your experience as an accountant, you may have a knowledge of tax law, previous managerial abilities, and a sharper-than-average understanding of human nature. Focus on the skills with the most relevance.

Also list whatever technical expertise you have. The financial firm you’re applying to may use a certain software program. If you have experience with it already, that’s a bonus.

If you are short on hard skills, you may also list soft skills. For example, you might say that you are highly motivated, energetic, enthusiastic, detail-oriented, and so on. Many of these things will be implied in your investment banking skill set—that is, accounting skills generally suggest a detail-oriented personality—so you can probably exclude any overlap for the sake of brevity.

Listing Qualifications on Your Resume

Potential employers in the field of investment banking often look for candidates with the following qualifications in education and work experience.

A college or university degree in any of the following:

• Accounting
• Banking
• Business Administration
• Business Law
• Computer Science
• Economics
• Finance
• Information Technology
• Mathematics
• Tax Law

This is not set in stone, as potential employers will consider other business-, law- or technology-related disciplines not listed here. Basically, employers want to see that you can bring something valuable to their team. 

Unique Qualifications

Employers with certain needs may look for candidates with previous education and experience in government relations, international relations, and/or public policy, depending on the office’s type of specialty banking.

Work experience in the areas cited above, plus any aspect of accounting, banking, finance, and mid-level to senior management positions (especially in finance) are particularly attractive to potential employers.

Another specialized area is government compliance. As banking regulations become increasingly complex, there is a steady demand for compliance personnel. Another critical aspect of investment banking involves raising capital to fund investments. This job requires the talents of a salesperson as well as a knowledge of finance. 

Entry-Level Qualifications

With an entry-level hire, one of the first things employers often consider is your GPA. So be sure to include this information on your resume. Make sure you list any relevant school-related accomplishments, including any awards you received during college.

For junior-level positions, trainee positions, or internships in investment banking, qualifications may not be confined to the areas cited above. Education and experience that is less focused on finance may be acceptable to potential employers with a view toward training new hires in investment banking specialties.

Personal Qualifications

The personal qualifications that employers find attractive in a job candidate may include the following:

• Strategic thinking
• Communication skills
• People skills, including collaboration, management ability, personality, etc.

Again, you will have to back these up with a short statement on your resume. Assuming you advance through the process, make sure you can further demonstrate these qualifications during the interview.

Note

The Bureau of Labor Statistics (BLS) conducts research on various jobs. The agency’s entry for securities, commodities, and financial services sales agents includes investment bankers. The median salary in 2023 was $76,900 and the industry was expected to grow by 7% between 2023 and 2033, which is faster than average.

How to Phrase Your Experience and Accomplishments

You should try to list all your relevant experience and achievements in a succinct, bullet-point format. Use active verbs and phrases, such as managed, supervised, developed, created, invented, organized, assisted, analyzed, raised, sold, wrote, designed, or any similar words that reflect your specific achievements. This can be integrated within each entry to the employment section of your resume.

For example:

• Supervised a team of internal auditors
• Created and implemented a new debt-tracking software program
• Raised $5 million in investment capital through cold calling and direct mail advertising, working in collaboration with an advertising agency

Use Key Phrases in Your Cover Letter

If replying to a job posting, you should repeat some key words found in the listing in your cover letter. For example, if a job posting states that candidates should have marketing and management skills, be sure to include these keywords somewhere near the top of your cover letter and in your resume.

Leverage Positive References

Positive letters of reference from previous employers are a plus. However, if you don’t secure reference letters and still cite previous employers as references, be sure to obtain their permission in advance. You’ll want the references from the posts you’ve held that are most relevant to the work you would be doing at this prospective job.

For job seekers who are currently employed, asking your employer for a reference may not be a good idea.

What’s the Job Market Like for Investment Banking?

Investment banking is a fast-moving, high-stress business that is very competitive. It requires specialized knowledge and experience, not to mention commitment, focus, as well as the physical and mental stamina required to work long hours.

Career opportunities in investment banking are always available, although they’re more abundant in boom years and more scarce in lean economic times.

What Are the Top 5 Investment Banks?

The top five investment banks by revenue are JPMorgan, Goldman Sachs, Bank of America, Morgan Stanley, and Citibank.

How Much Does Goldman Sachs Make?

From January 2024 to September 2024, Goldman Sachs generated $4.1 billion.

The Bottom Line

In a competitive job market, a persuasive resume will give you a definite edge among the many who may apply for the position. Relevance should always be your guide in deciding what to include and expand upon in your investment banking resume. Following the suggestions above in drafting your resume may not guarantee that you’ll be hired, but if you’re qualified, you’ll be in the running.