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投行申请介绍 面试准备

1. About i-Banking

You’ve heard about the legendary long

hours, the big bonuses, and the megabillion-

dollar deals. You can recite the names of the

big firms by heart. You like to imagine

yourself a pinstripe-wearing, jetsetting

investment banker. But suddenly it dawns

on you. What the heck is investment

banking? You panic. What do investment

bankers do? What’s the difference between

sales and trading and corporate finance?

More to the point, why do you want to be a banker?

What is Investment Banking?

Traditionally, commercial banks and investment banks performed completely distinct functions. When Joe on Main Street needed a loan to buy a car, he visited a commercial bank. When Sprint needed to raise cash to fund an acquisition or build its fiber-optic network, it called on its investment bank. Paychecks and lifestyles reflected this division too, with investment bankers reveling in their large bonuses and glamorous ways while commercial bankers worked nine-to-five and then went home to their families. Today, as the laws requiring the separation of investment and commercial banking are reformed, more and more firms are making sure they have a foot in both camps, thus blurring the lines and the cultures.

Investment banking isn’t one specific service or function. It is an umbrella term for a range of activities: underwriting, selling, and trading securities (stocks and bonds); providing financial advisory services, such as mergers and acquisition advice; and managing assets. Investment banks offer these services to companies, governments, non-profit institutions, and individuals.

The action and players in investment banking are still centered in New York City, London and Tokyo, but the list of players is getting smaller as the industry consolidates. Today, leading banks include Merrill Lynch, Goldman Sachs, Morgan Stanley, Citigroup’s Corporate and Investment Bank, Credit Suisse, Lazard, Deutsche Bank, Nomura, UBS, RBS (part of which is former ABN Amro) and J.P. Morgan.

What You will Do?

The intensely competitive, action-oriented, profit-hungry world of investment banking can seem like a bigger-than-life place where deals are done and fortunes are made. In fact, it is a great place to learn the ins and outs of corporate finance and pick up analytical skills that will remain useful throughout your business career. Investment banking has a very steep learning curve and the opportunities are enormous.

London is filled with high-energy, hardworking young hotshots. Some are investment bankers who spend hours hunched behind computers, poring over financial statements and churning out spreadsheets by the pound. Others are traders who keep one eye on their Bloomberg screen, a phone over each ear, and a buyer or seller on hold every

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