For those of you that are wondering how to begin to find that investment banking job you want, read here for some tips on just how to go about it. Know that the hiring process is typically done in January and February but as time goes by, don’t give up in March. Persistence is the key here and being knows by as many people as possible always helps. Your full time job before you get your job will be to approach each bank a little differently, so you stand out and they remember you.
With the economy that way it is now, many investment banks are feeling it also. With the decline of investments in 2008 and 2009, investment bankers have seen large scale layoffs and certainly a loss of bonuses. Morgan Stanley is a strong firm that experienced substantial upheaval in 2006 when many of its top flight bankers moving on. And then Merrill Lynch took over Bank of America.
Even with all this turmoil, the investment banks will stay forever because what they do is a central point of the economy. The financial markets provide capital and this important type of work will, over time, grow and grow. Pick your firm carefully and stay there because that way you are seen as loyal, a very important attribute.