In the United States, the two regions and industries that attract college graduates the most are undoubtedly California Silicon Valley high-tech companies and financial companies represented by Wall Street in New York City. If American college students want to get offers from these highly competitive companies or companies after graduation, they will start planning and action during college. It is most helpful to go to these places to be an intern during the summer. Such internships can first accumulate experience for yourself and add a beautiful piece to your resume for future job application. The ideal internship will perform outstandingly during the internship period, be noticed by the internship unit, and get an ideal offer in advance.
shows that internships during college are very important. So, how can you get the legendary Wall Street investment bank's summer internship opportunity?
First, first to learn about what top investment banks in the United States have (click here https://www.wallstreetoasis.com/wso-company-database). It is quite good to be able to join any of them. Below are the top 20 of them "
Goldman Sachs
JPMorgan Chase
Bank of America Merrill Lynch
Morgan Stanley
Citigroup3
Barclays Capital
Credit Suisse
UBS AG
Deutsche Bank
Blackstone Group
Wells Fargo and Company
Houlihan Lokey
HSBC
BMO Capital Markets
RBC Royal Bank of Canada
PNC Financial Services
Jefferies Company
Harris Williams Co.
BNP Paribas
Lazard
Secondly, investment banks recruit students in universities. The most familiar word is target schools (target schools), that is, most of the interns recruited by investment banks come from these schools.
TOP 20 investment banks go to target schools to recruit new people every year. There are many lists of target schools online, which are similar. The following investment bank front desk (front The list of target schools for offices can be used as a reference (not necessarily comprehensive), and each investment bank has its own recruitment preferences. Some Semi-Target schools (secondary target schools) may become target schools in the eyes of some investment banks. Of course, this does not mean that students from other universities do not have the opportunity to enter investment bank internships, but that the opportunity is smaller than that of the target universities.
Target schools : Ivy League, MIT, Stanford (Stanford), Duke (Duke), Chicago (UChicago), Northwestern, New York University (NYU), Top LACs Amherst and Williams
Sub-target schools : Rice University ( Rice), Vanderbilt University,
St. Louis Washington University, (Wash U), Johns Hopkins University, Georgetown University, Emory University, (Emory), Notre Dame, Top St. State University, (Top state schools) include University University,
The daughter of a Chinese mother is at the top 10 universities in the United States and has now received an investment banking internship offer next summer. According to her introduction, the application process is roughly like this.
In order to obtain outstanding students as much as possible in the target university, an investment bank has a special recruitment group to give three to four lectures (information sessions) every year. The group generally has 7 or 8 people, most of which are alumni who graduated from the school, and their positions include MD, VP, Associate, and Analyst.
Some students with ideas have maintained communication with these recruitment team members from college, and officially entered the investment bank during the summer vacation of their sophomore year and started their internship.
After a dedicated college student determines the investment bank to apply for, as long as these investment banks go to the school to give lectures, she will go. After the lecture, she will contact the recruiting group members, ask questions, and ask the other party’s contact information. This is the best networking opportunity. After that, if you have any questions, please communicate with these group members on a regular basis to contact each other and let them remember you.
networking is very important because at the application stage, there are 200 or 300 people who apply for each popular investment bank through the career center of our school. The majority of them are eliminated in the first round, leaving only forty or fifty to participate in the next round of interviews. There are too many people and it is impossible to interview one by one. So what kind of screening is needed? In addition to meeting the basic requirements for investment bank applications, it mainly depends on whether you leave an impression on the interviewer. At least you must let the interviewer match your name with your face. If he gets a resume and knows nothing except the applicant's name and some hardware conditions, it will be difficult for the applicant to have the opportunity to enter the next round.
If you are lucky enough to win from these hundreds of people, then you will enter the second round of school interviews. One to two interviewers will conduct half an hour to one hour interview for each selected person at the school. About 5 to 10 people will be selected from forty or fifty people to enter the last round of interviews, that is, "Super day".
Super day can be used to go to the New York Investment Bank headquarters or on campus. After the Super day ends, the rate of finally getting an offer fluctuates with the change in the application situation of that year, and generally does not exceed half. Some investment banks give offers on the spot, and most investment banks will not tell you the results at least 48 hours.
is like applying to a university. Investment banks also have many repeated applications. If you wait for a week and have no news, you are mostly on the waiting list. After the previous classmates make the decision, you will know if it is completely out of the blue.
What major is not important for the applicants to study. The key is to let the interviewer see your enthusiasm for investment banking. The professional questions asked by the interviewer cannot be learned from the classroom, and many of them need to be found by yourself to learn from reference books. Some interviewers do not ask professional questions at all, but only ask questions about behavioral habits. Each investment bank has its own GPA requirements. As long as the investment bank’s minimum requirements are passed, a perfect GPA is helpful for application, but it does not guarantee entry to the last round of interviews.
It seems that every intern who enters Wall Street investment bank will be able to stand out after passing five levels and six players.
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