Investment Banking
High Grade point (over a 3.5) - check
Love to work lots of hours - check
Enjoy financial modeling - check
Well this career may be for you. Investment Banking attracts some of the best and brightest in Finance for three very good reasons. You get paid well, you get challenged, and you have fabulous opportunities to do a variety of things, whether you stay in this field or move on.
The big key is you HAVE TO BE READY for the interview. There are no shortcuts as it takes a lot of preparation. These will be the most technical Finance interviews. Good luck if you accept the challenge.
- Video on the Structure of the Investment Banking IndustryThis video provides an excellent outline of the investment banking industry.
All Finance Majors must take three Finance electives; The best related to th is career path are:
- FIN:4250 Applied Equity ValuationIn this course you will actually be managing a portfolio and will develop strong modeling skills to select stocks for the portfolio
- FIN:4330 Investment BankingHow investment banks fill critical roles in maintaining well-functioning financial markets and provide access to capital and strategic advice to companies and governments; recent global financial crisis; how banker's role as intermediary between companies and markets adds value and creates conflicts and risk.
- FIN:4220 Fixed Income SecuritiesThis course will cover a variety of fixed income investments analysis and valuation.
- Goldman SachsGoldman has a well-established summer internship program
- Bank of AmericaYou can find I Banking internships for B of A and Merrill Lynch at this site.
- BMO Capital MarketsWe have many successful alumni at BMO.
- William BlairWilliam Blair is a long-successful firm out of Chicago.
- BairdBaird is another regional firm with Iowa ties.
- Piper JaffrayInvestment banking and asset management firm based out of Minneapolis
- CitiA global firm with opportunities in investment banking, commercial banking, corporate finance and private banking
- SunTrust Robinson HumphreyThis company has both Investment Banking and Corporate Banking roles
- Brown Gibbons LangA Cleveland based banking firm with an active office in Chicago as well.
- Hawkinson InstituteTo prepare for an investment banking career, you must be ready. Understanding and prepping for the interview process is critical. The best place to do that at Tippie is with our Hawkinson Institute. But understand that as companies hire one year out for interns, you need to be applying for Hawkinson in your Freshman and Sophomore years.
- Bloomberg Markets Concepts CertificationBloomberg Markets Concepts- 4 modules that cover stocks, fixed income, commodities and economic data. It also teaches you how to work with the Bloomberg terminal, one of the most commonly used in the field. And it finishes with a section on portfolio management. Free on U of Iowa Bloomberg terminals with your HawkID
- FINRA Securities Industry Essentials Exam - Info for StudentsYou may now complete the majority of the necessary Securities examination while still in school. It is called the SIE, and here is a way to learn more about it. We offer a one semester hour online course that prepares you to take the exam - FIN:4030EXW SIE Exam Prep.
- FINRA Securities Industry Essentials Exam - Info for StudentsYou may now complete the majority of the necessary Securities examination while still in school. It is called the SIE, and here is a way to learn more about it. We offer a one semester hour online course that prepares you to take the exam - FIN:4030EXW SIE Exam Prep.
- Bloomberg Markets Concepts CertificationBloomberg Markets Concepts- 4 modules that cover stocks, fixed income, commodities and economic data. It also teaches you how to work with the Bloomberg terminal, one of the most commonly used in the field. And it finishes with a section on portfolio management. Free on U of Iowa Bloomberg terminals with your HawkID
- Wall Street PrepThis web site has free but mostly paid courses that will help a great deal in getting you ready for an internship. Know this stuff. We also have them on campus in the Spring, so watch to sign up for their boot camp.
- EFinancial Careers 100 top Investment Banking Interview QuesitonsThese questions will get you a long way in preparing for an investment banking interview. Remember, no shortcuts. You have to be ready for this.
Vault Guide to Finance InterviewsCall Number: Available OnlineFrom Amazon:
This edition in loaded with sample questions, charts, formulas, and frameworks covering everything from accounting concepts, valuation techniques and M&A basics to bond pricing, interest and exchange rates, options and derivatives, and brainteasers.
- Wall Street WannabeResource for those interested in Investment Banking roles. A fair amount of information is free, and there is some material behind the pay wall.
- Mergers and InquisitionsLot of coverage on how to land a job in investment banking.
- DealBookWhat is going on in the world of deals in Finance? Andrew Ross Sorkin knows, and you can find it on his DealBook Blog on the NY Times website.
- 33 Interview Questions for Investment Banking roles from Vault.Vault has surveyed employers to come up with commonly asked questions for roles in this field.