A quick guide to landing your first investment banking job

The professional path for aspiring investment bankers in the UK is demanding yet fulfilling. This blog provides helpful guidance for anybody wishing to enter this difficult industry.

1. Create a flawless resume

Your CV is the first thing a prospective employer sees, and you’ll need to make the most of the small amount of space you have. You need to show your relevant projects, any internships or work placement you’ve done, and the coursework that shows off your financial acumen. Don’t worry if you haven’t got lots of experience, concentrate on the skills you have, such as critical thinking, communication, team work, and attention to detail. Be honest, never fudge or write anything that isn’t 100% accurate. Employers will see through this pretty quickly.

2. Build a professional network

In the UK’s investment banking scene, networking is crucial. Use platforms like LinkedIn, attend career fairs, and join finance-oriented societies at your university if you’re attending one. There are also many institutions with their own forums – such as AAT’s discussion forum, ACCA’s Learning Community, and CIMA’s Student Forum. They’re all a great place to meet other like-minded people, and start to build your network.

3. Prepare thoroughly for interviews

Interviews for investment banking positions are rigorous. Be prepared to discuss financial concepts, demonstrate your numerical aptitude, and show awareness of current market trends, particularly those affecting the UK and European markets. Articulate a clear, thoughtful reason for your interest in investment banking beyond monetary motivations. If you haven’t got lots of experience, make sure you talk about your transferable skills, your willingness to learn, and don’t be afraid to ask questions and ask the interviewers to clarify anything you don’t quite understand. You don’t want to waffle on about something irrelevant and bore the panel.

4. Consider alternative entry points

While securing a position at a top-tier bank in Canary Wharf is the dream for many, consider starting at a boutique firm or in a related field such as corporate finance. Regional financial centres like Edinburgh, Manchester, or Birmingham can also offer excellent opportunities to gain experience. If you have made some great connections with your networking, you could always ask if you could shadow someone at work and see what life as an investment banker is like. This way you can make sure it’s right for you – and get to know even more people in the industry.

5. Continuous professional development

The financial sector is dynamic, especially in a global financial hub like London. Stay informed about financial news, particularly developments that could impact the UK market. Continually develop your skills, including proficiency in relevant software and programming languages. Many UK banks value candidates who demonstrate a commitment to ongoing learning. All the institutes keep their information up to date on their websites, and often hold webinars or further learning sessions – worth keeping an eye on to make sure you’re always at the top of your game.

6. Understand the UK financial regulatory environment

Familiarise yourself with key regulatory bodies such as the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). Understanding the regulatory landscape is crucial in investment banking.

7. Get the relevant qualifications

While not always mandatory, certain qualifications can set you apart. Look into the Investment Management Certificate (IMC) or consider starting the Chartered Financial Analyst (CFA) program. These demonstrate your commitment to the field and provide valuable knowledge. However many investment bankers are AAT, ACCA, and/or CIMA qualified – this means we can help you on your way to a great career as an investment banker!

Final thoughts

Entering the investment banking sector in the UK is challenging but achievable with the right approach. Persistence, continuous learning, and a willingness to start wherever you can gain experience are key. With dedication and the right strategy, you can build a successful career in this dynamic field.

Interested in the first step towards an investment banking career?

Make sure you have the right qualification. If you’re just starting out, try AAT, or take the next steps with ACCA and CIMA. Try them all free for seven days to make sure they’re the right one for you.