One constantly mysterious topic is how investment banks actually read your resume when you apply for jobs.
Who reads resumes? Do the Managing Directors ever get involved? How do they decide who to grant an interview to? How much time do they spend on your resume?
Even those who have done their homework very well often don't understand how the resume review process works.
Who Reads Your Resume
Generally, Analysts from your university will read through the resumes of everyone from that university who applied. There are so many resumes to go through (sometimes 500-1000) that only junior people have time to do this.
We might receive hundreds of resumes for only 20-30 interview spots. Even if only seconds are spent on each one, this requires a huge time commitment... and then add on 10-20 schools and it might take hours or days.
So if you know an Analyst at a bank, make every effort to get him or her to push for you - that can make a big difference!
How Much Time Is Spent Reading Your Resume
30 seconds. Due to excessive resume flow and hundreds, that's all the time we really have. So you have very little time to make a positive first impression and impress enough to invite you in for an interview.
What Bankers Look For In Resumes
You want to "bankify" your resume as much as possible by making what you did sound more business and finance-oriented.
Technically, finance experience isn't required, but it does give you a huge advantage: when we review resumes, we separate them into the "banking experience" and "non-banking experience" categories. Most interviews will go to the first group.
For summer internship positions, a previous finance internship is less important and is not necessarily expected. Just make sure your resume shows why you want the job, your attention to detail, ability to make an impact, and quantifies everything you've done.
I'm constantly amazed at how bad many resumes are. Even the most basic things like spelling, grammar and level of detail are sometimes completely wrong. Armed with the knowledge in this article, you should be able to make your resume shine.
Above all else, remember those Golden 30 Seconds. This doesn't mean a resume isn't important - it just means you need to focus on grabbing our attention rather than writing a book. Get our attention and you get an interview.
Article From Article Gallery
============================== Got articles? We want 'em!
Come browse within our gallery
we have many topics for you to see
our gallery is full of articles galore
visit each day, we'll be adding more! Article Gallery How I Made Over $10,000 From One Article
==============================
HTML Ready Article. Click on the "Copy" button to copy into your clipboard.
Firefox users please select/copy/paste as usual.
Disclaimer:
Articles on our site may be redistributed following our Terms
of Service. We do not accept any responsibility
or legal liability resulting from the use or misuse of the
information presented in any article submitted to us.
We do not endorse any of the views or products mentioned within an article. All articles submitted are for educational and/or entertainment purposes only.