Investment Banking Resume Template (For a University Student)


Uploaded by financialmodeling on 29.05.2012

Transcript:
bjbj In this video I'm going to be going through this resume that you see right now on the
screen in front of you, and give you a quick overview of everything that's included in
here. How you might use this in your own recruiting efforts and why I think you should be using
the formats here and use some of the structures here and try to incorporate it as much as
possible into your own resume. Now the first thing to point out is that this is for a university
student, so that explains certain things on here, such as the education section right
here being at the top. We have work and leadership experience next right here, and then we have
the skills, activities and interests here at the bottom. Now if you're not a student
then this would be structured differently. But where just going to focus on what university
students have to take into account. The first thing to take to note here is that there's
not that much information on this resume. It's probably less then some of the samples
you've seen before and that is done intentionally because with investment resumes you only have
about 30 seconds or so for the person to read it and for you to catch their attention. So,
they're not going to be spending too much time reading it. You really need to focus
on the key points and draw their attention to those, rather then giving them a laundry
list of everything you have done over the past 10 years, especially if you're still
a student and you don't have any full-time work experience. So the margins here are set
to three quarters of an inch which is reasonable. I would not go too much below half an inch
on the margins. The font size is 12. We're just using Times New Roman. It doesn't really
matter what font you're using as long as it's reasonable. You could use Arial, could use
a number of other fonts. The main important point to keep in mind here is that it has
to be readable above all else. So, I like Times New Roman and Arial, but feel free to
using anything that is readable. Now, if these margins and 12 point font size are too big
for your resume and you can't fit everything on for some reason, you can decrease the font
size. It's probably better to decrease the font size rather than decreasing the margins.
Because decreasing the margins tends to make the resume very, very difficult to read, whereas
if we change the fonts size here to ten or eight or something like that then it would
be more difficult to read, but it's better than making non-existent margins for example.
Now, in terms of the actually sections here, you'll see that we start off with a header
right here and we go right into education and then to work and leadership experience
and then into skills, activities and interests. The header should be very, very simple. Just
have your name, your physical address and your phone number and your email address,
laid out like this. Now, for your name, you should try to include this in larger font
then the rest of your items on your resume just so it stands out so whoever is looking
at it will actually remember who you are. It sounds minor but it's actually a pretty
good idea to do this and it's not going to give you a huge advantage, but just something
you should try to do on yours, assuming you have enough space to do so. The rest of it
should be kept really simple and there's not too much to add here. Of course, make sure
that your email address actually works. Make sure your phone number actually works. I've
seen cases where people listed out of date information or phone numbers that don't work
anymore. For your email addresses try to list an .edu address if you're still in school.
You could list Gmail or yahoo or something like that but it's generally better to list
.edu just so they can look at it in a glance and tell OK this person's definitely still
in school. They have this legitimate .edu address. If you're a recent graduate or you're
about to graduate then listing Gmail or some other kind of web based account is fine here.
Now moving down into education, a couple points to make here. So, first of, notice how I've
laid this out where the university name and then the name of your major are left aligned
right here and then the location. So, the city, followed by the state if you're in the
U.S, or other country if you're abroad are right aligned and then the expected graduation
date is also right aligned. So, I'm going to show you how I did that because I get a
lot of questions about this. So the way to do that is to highlight everything. I'm pressing
the shift key and pressing the down arrow, after I press the right arrow right here,
and then I'm going to go to styles. This is in Word 2007 so it looks a bit different in
Word 2003. But you basically just go to styles regardless of which version you're using.
The interface is a bit different, but you basically just go to styles regardless of
which version you're using. We'll click there and here we already have our style resume
aligned right set up but if we did not have that set up I would go to new style here at
the bottom. Then we can name it, just call this test format and you see that we're basically
starting with these times of Times New Roman size 12 font, and we'll go to format here
at the bottom, and go to tabs. Then what we want to do here is press clear all then set
our tab stop position to seven inches because that's where the end of the page is in this
case. That's where our last margin in. We'll select right for the alignment, and then press
OK. So now what we've done is made it so that the style that we've entered, this new style.
You'll see the formatting is a bit messed up but the new style that we create in here
basically makes it so whenever you press the tab key, you automatically go to the end right
here. So, that's how you set that up, and I'm bringing this up just because I get a
lot of questions about how to do this and on some of the sample resumes I've given before
people have asked me how to create this. It's pretty simple but the word documentation doesn't
exactly make it easy to find it. Now, for the education section also, so after you list
all this information, you definitely need to include your GPA or some kind of grading
system, if you're outside the U.S. If you're in the UK, for example, you would be listing
it using their scale. So you might list 2.1 here or say that you earned accumulative 2.1
averages through all your courses. SAT is more optional. I would only list this if it's
above 1400 or 2100 in the new system. And on GPA, even if you perceive that your GPA
is low or bad, as in below 3.5, you still list it here, because if you don't include
it then they'll assume it's really bad, as in 2.0 or below. So, you want to include this
unless it's absolutely terrible, and even if it is you probably still want to include
it in some form. Now, if it is low you can sort of disguise it by including your major
GPA as well. So, right here you could say major GPA, and hopefully that's higher than
your overall accumulative GPA. You could also list something like second year GPA or junior
GPA and that's if you've shown a strong trend of improvement. That's a bit more of a stretch,
so I would probably not do that unless you have a really unusual situation. Usually the
safer bet is just to show your major GPA right here. Now, honors, I would probably not list
something as common as Dean's list herem but you can if you want to and you have the space.
This is probably better used for actually university-wide recognition that's uncommon,
than for relative coursework. If you have anything business related and especially if
your major is not in business or finance. So, if you're an art history major, an English
major, then it's good to list that kind of coursework here, so that way someone looking
at it can quickly tell that you've done something business or finance related, and that you
at least know the basics of that. Couple of other points here. You could also list study
abroad experience. So, right here I would probably include this as a separate entry.
So, study abroad experience and we could have city, country and just write a very simple
description here. You could say completed intensive language study and internship or
something like that. And then you could just list start date and end date right here. So
that would be one way you could list your study abroad experience. High school should
not be included in this section, with a few exceptions. There are some regions where it's
more acceptable to include that type of information. So you kind of have to play it by ear and
see what your friends are doing, see what other people are doing. But in general, if
you're in the U.S. and you're already a second year, third year, and fourth year student
at university. then you really should not be including that. Maybe if you just arrived
at college and you don't really have any experience yet then high school might be worth including,
but I would not keep it on here for very long. Also make sure that you don't include clubs,
activities or interests or certifications or anything like that here. I've seen some
cases where people list training programs in the education section right here. Sometimes
they list student activities or groups right here, but in general you shouldn't do that.
Those should really be saved for the work and leadership experience section right here,
and then for skills activities and interests here at the end. So now to move into this
work and leadership experience section. So, you'll notice here that I have three entries.
One for this one presumably internship or some kind of school year part-time internship
at a company, and this is for another one, and then this last one here at the end is
for a student group or activity. In general, for this section, I think it's a good idea
to aim for in between 2-4 different work experience entries. So, maybe you had 2 internship at
an asset management firm or you worked at a boutique bank and at a consulting firm,
those should both be written about here and maybe you were involved heavily with a student
group or you founded a business fraternity or some kind of investment club. Then those
would be all good candidates to write about here. Don't try to do a laundry list of 17
different activates or work experiences that you've had here because it's just going to
backfire. You really want to focus on the key ones and everyone understands that you've
been involved with a lot of different things but from the perspective of someone reviewing
your resume they only have 15, 20, 30 seconds, so you really have to hit on the key points.
Now, one mistake I've seen people make in this section a lot, is they've had a internship
at Goldman Sachs, for example, and they've also been involved with five student clubs.
And they'll go in and spend the same amount of space on those five student clubs as they
will on Goldman Sachs. Well, if you have that kind of name on your resume that needs to
be the focus. That needs to be taking up at least half of your section right here, and
that applies, by the way, even if you've done some kind of back or middle office internship.
Because the name alone is going to carry a lot of weight when whoever reads your name
sees it. So, use common sense and think about a recruiter or an investment bank or an investment
banker reviewing your resume is going to be most concerned with. In general, they don't
care too much about student activities and clubs unless you've done something truly extraordinary.
Maybe if it's something you've been heavily involved with or something you've founded,
it's good to include. But for the most part they are very, very focused on your internships
and your work experience. Whether that's full-time, if you're a recent graduate or maybe a school
year part-time internship or something of that nature. Another point here, is that I've
grouped together work and leadership experience. So these first two entries are for work experience
and this last one is for a student club. Now, I recommend that you do this, unless you're
in a situation where, say you have two work experiences that you were heavily involved
with, two solid internships working in consulting and private equity or something along those
lines, hedge funds, prop trading firms, something like that. And then you've also had two student
groups that you've been very, very actively involved in. In that case, it may be worth
it to split this off into two separate sections but do keep in mind that it's going to take
up more space. So think about how much space you have in your resume. How much you really
have to say there and make decision based on that. But in general, I think it's a better
idea to actually leave these grouped together. Now if you really haven't had any formal internships
or formal work experience, it's still a good idea to title this section work and leadership
experience. Then you can just put all your activities here or your research experience
or something like that right here. And what you're doing then is by labeling it work and
leadership experience you make it seem like it was closer to work experience, so you're
not lying. Because in a sense it was work especially if it was something outside student
club. Something like a research internship that was unpaid is sort of work experience.
So you're not really lying about it, but you're making it seem like it was closer to work
then it actually was. Now if we look at the specific types of entries here we see that
there are basically two formats. And this first one is what I call the project centric
format. Where we have a summery sense at the beginning, then we have client project transaction
experience right here. And this format where you go into the specific projects that you
worked on is most appropriate for a professional services field. So, just make a note of it
right here. Investment banking, consulting, private equity, asset management, equity research,
accounting, law, anything like that in those professional services fields is ideal for
this. Because you work with specific clients on specific projects transactions, investments.
So, that's what you should be using for this. Now, if you don't have something in those
fields, you can still use this format. But you have to be careful about what you do and
how you apply it and make sure you can actually speak to those specific projects that you've
worked on. In general, you should try to pick, again, I'd say between 2-4 different projects
or clients to speak to right here. Listing more than that gets into laundry list territory,
where you're just giving them to much information. If you only list one here it looks a little
odd if we were only to have, for example, this project one right here, because you're
saying selected and your only listing one. So it looks better to list at least two or
three right here. Now, if you're writing about this and your worked at an investment bank,
then you might title this something like technology companies, $500 million acquisition of software
company let's say. If you're working in private equity then maybe you'll title this potential
investment in $1 billion manufacturing company and so on and so forth. Similarly in consulting,
let's say, you might title this something like Fortune 500 companies internal restructuring
adviser or something like that. That's actually, you probably wouldn't see this in consulting
but this is just to give you a couple different ideas and examples for how you might title
these sections. You should avoid naming specific company or client names unless it's for a
transaction that has already been announced and it publicly known. It's just a bad idea,
just avoid doing it and just describe it by industry. So, Technology Company, pharmaceutical
company, is manufacturing company instead. And then this one here at the bottom is in
a slightly different format, which is what I call the task or responsibility centric
format. and it's actually not that much different. The only difference really is that you're
not listing out specific projects, you're organizing what you did by task instead. So
this works well for research type positions. It works well for engineering or something
that's not in professional services. This works well for student clubs, because I'm
using it right here as well. So these are the two basic formats. If you can you should
try to use this format especially when applying to investment banks. but it's not absolutely
essential and if it's a stretch then don't do it. Also feel free to mix and match these
two formats. So you might have, for example right here, instead of just this one summery
sentence, you might have bullets two, three and four right here, and you might just go
into more detail on some of what you did in your internship. So, feel free to mix and
match these. You don't need to stick rigidly to what I'm suggesting here. This is just
to generate ideas and give you some idea of how to structure your own experience. Now,
the next thing here is to go into the specific structure of the bullets. So, you'll see here,
and you probably already have an idea of how to do it based on what I've written here but
I have has a sample in language led team to do XX which resulted in more efficiency, time
or money saved or higher sales. And basically what you want to do with each bullet is list
the specifics first. So here we might say led team to create online marketing campaign
for new product targeted at small businesses, which resulted in 35% higher monthly sales.
You can make this better by saying led a team of 12 right there to create marketing online
campaign and we can be more specific and say maybe this was some kind of software or online
software company, call this new accounting product, for example. So, what we really want
to do here are name as many numbers as we can. So a team of 12, 35% higher monthly sales
to be as specific as we can be with the results as well. And this isn't always possible to
do. I know in a lot of cases you just won't' know the results of your internship or whatever
kind of experience you had. If you don't that's fine. It's not critical, but if you can list
anything there, anything at all, then it's much better than nothing. And by results,
you don't need to have anything that's too fancy. So, if we were writing about investment
bank internship, for example, we might say company is $200 million acquisition of company
B. We could say something like research potential buyers of client based on financial profiles,
geographies and management teams. Analysis led to client proceeding with further diligence.
Now that's not really a quantifiable result. You're just saying your work led the client
in the direction of going ahead with a transaction. But it's still better than nothing because
you're showing that the diligence that you did, the research you did, led somewhere in
that case. But those are the basics of how you should be writing about that kind of experience
and structuring bullets and the same, by the way, applies even for student clubs, activities,
anything else for using the task based structure instead. You want to focus really on the specifics
of what you did and then the results. It doesn't matter what order it's in. So, for example,
you might be able to say raised over $200,000 for student run investment club by managing
campaign to reach out to over 1,000 alumni in financial services industry. So in this
case we have our result first followed by this bi-structure, by mentioning campaign
to reach out to over 1,000 alumni. So, the specific order doesn't matter too much. Just
make sure you try to include both of those, the specifics and the results if at all possible.
Now moving on to skills, activities and interests at the bottom. There are couple things to
point out. This section should be kept very simple. I would say no more than five or six
lines maybe at most for this, unless you have some really unusual experience. Languages
should always be listed here, especially if you're a native speaker in anything. Do not
list fluent in English here, especially if your resume's in English. Because they kind
of assume that if your resume's in English then you probably know the language, so don't
include that here. Only include fluency in non-English languages. Technical skills are
good to include especially any programming languages. Even something like VBA could be
included here. PhotoShop, web design, things like that, you could still list, they're not
particularly helpful for banking. But if you want to and you feel you spent a lot of time
on those, you have really good skills, go ahead and list them. Certification and training,
so here's where you put any classes, programs or additional training that you've done outside
of work and outside of school. Then activities, anything that was more minor where you didn't
really have a leadership role. Anything that didn't take up to much of your time would
go down here. Then interests, try to be as specific as you can here without going overboard.
So, for example, don't just say running. If you competed in marathons and a couple of
different countries you should be writing about that. Say competing in marathons in
12 different countries rather than just saying you're interested in running or long distance
running. If you have interests that are more unusual they definitely should be highlighted
in here because they'll remember you. So let's say that you've gone hang-gliding in Brazil
or something like that. Well you definitely want to note that here because that's extremely
uncommon, and not that many people are going to have that here. So, try to list more uncommon
interests, just so the interviewer or whoever is looking at your resume can look at this
and quickly get an idea of who you are then remember you later on when their picking who
they want to give interviews to. So that's pretty much it for this over view of how to
structure your investment banking resume if you're still a university student. Of course
you don't have to stick exactly to this format. Feel free to modify the font, the formatting
or whatever you want but I do think the overall framework of focusing on two to four major
work experiences as I do here and then sort of going in and giving a summery for each
one and then going into maybe the two, three or four major responsibilities you had, the
results, if you had something in banking or consulting, or even accounting or law or something
like that. Going into the specific projects or clients you work with if at all possible
would be good strategies to follow in your own resume. So, that's it for our overview
of the university student. Coming up in future videos in this series, we'll be going into
resume templates that older, more experienced people at the MBA level or even beyond might
be using. Then we'll go into some specific examples of actual sample resumes and how
we might revise them and make them better to improve your chances of actually getting
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