Dartmouth Partners’ Post

Breaking into Investment Banking: A Numbers Game 🏦📈 Getting into a top IB is highly competitive, with acceptance rates as low as 1.27% at firms like Goldman Sachs. But don't let that discourage you! The key to landing an offer is to play the numbers game. Here's how: 1️⃣ Aim for ~30 interview processes. With an average acceptance rate of 3%, this gives you a reasonable chance of securing at least one offer. 2️⃣ Focus on networking to get interviews. Around 25% of networking calls lead to an actual interview. 3️⃣ Make 120 networking calls. This magic number should yield ~30 interviews, and ultimately, ~1 offer. Not only will this strategy increase your chances of breaking into IB, but you'll also build valuable connections that will last throughout your career. At Recruiter Base, we've aggregated ~3,000 validated emails and 15+ proven outreach templates to make your networking journey a breeze. Start playing the numbers game today and take control of your IB journey. #InvestmentBanking #Networking #CareerGoals

First-year analysts at investment banks can earn up to $170,000, which is why the odds of breaking in are low. Here are 5 things you can do to boost your odds: ✅ Get a pro to review your resume. ✅ Master finance theory for those tough technical questions. ✅ Create solid stories (ideally 6-7) to nail the fit part. ✅ Start networking now with about 4 calls a week until Fall 2024 recruiting. ✅ Do mock interviews with industry pros. It's intense, so if you need guidance, join WSO Academy waitlist 👉 https://lnkd.in/gN9yH8gM #investmentbanking #wallstreet #financecareers

Demonstrating Client/Deal Experience in a PE Interview This is huge. And the challenges are different: 1️⃣ If you are at a small bank, going through off-cycle recruiting, the main challenge is displaying your ability to lead, manage, and close deals. 2️⃣ If you work as an Analyst at a major bank in New York, going through on-cycle recruiting, the challenge is spinning your pitches and early-stage deals to sound like real deals. 3️⃣ For those not in investment banking, the challenge is framing your experience to look like IB-style deals. Now, regardless of which one of the 3 challenges you’re facing, you have to be familiar with the numbers of ALL deals you’re presenting. You have to show off the "investor's view" of them. As you can imagine – that’s a lot of numbers. Choose max 3 deals to present and have the following outline for each: 🔹The company's industry, approximate revenue/EBITDA, and multiples (or estimated costs and benefits for non-deals). 🔹Your investment inclination towards the company's equity/debt or potential acquisition (or your interest in pursuing the project for non-deals). 🔹Qualitative and quantitative factors supporting your viewpoint. 🔹Key risk factors and potential mitigation strategy. For beginners, pick 1-2 pitches and present them as if they have progressed past pitching. You can use Capital IQ or the Internet for buyer or investor prospects and company-provided pitch materials to formulate projections. A good idea is to pretend that each deal is a prospective LBO and create a basic model, when making investment recommendations. Estimate IRR and analyse the risk factors by challenging yourself. If you find yourself having 1️⃣ or 2️⃣ challenge, where you have to demonstrate deal management or IB-style deal involvement, emphasize your unique contributions to each deal. Even the personal suggestions you made or the mistakes you rectified. 🛠️ #CainMann #IB #Interviewprep #privateequity

Interviewing at leading investment banks like Goldman Sachs, J.P. Morgan, and Morgan Stanley? We've got you covered. Get an exclusive access to our comprehensive 10-page IB Interview Cheat Sheet. The best way to revise your interview if you have less than 48hr. You'll discover: I. Introduction: A primer to kickstart your journey. II. Optimizing Your Interview Process: •The value of connecting with current interns/analysts. •The essence of speed in your responses. •The art of maintaining focus. •Techniques to genuinely connect with your interviewer. •The importance of cross-referencing discussions. •Crafting the perfect ending questions. •The impactful follow-up thank you email. III. Non-Technical Prep: •Deep dives into industry knowledge. •Current market trends. •Master deal summaries. IV. Technical Prep: •Mastering financial statements: IS, CF, and Balance Sheet. •Valuation methods, WACC, and more. V. Case Studies:  •Real-world scenarios to hone your analytical skills. •Final tips to give you that extra edge. To gain access: ➡️ Follow my page, Mingke Pan, and the Careertegy page ➡️ Like this post ➡️ Comment below with your email, and we'll send you the file. #InvestmentBanking #InterviewPrep #GoldmanSachs #JPMorgan #MorganStanley #CareerAdvice #FinanceJobs #JobPreparation #InterviewTips #CareerGrowth #IBInterview

First-year analysts at investment banks can earn up to $170,000, which is why the odds of breaking in are low. Here are 5 things you can do to boost your odds: ✅ Get a pro to review your resume. ✅ Master finance theory for those tough technical questions. ✅ Create solid stories (ideally 6-7) to nail the fit part. ✅ Start networking now with about 4 calls a week until Fall 2024 recruiting. ✅ Do mock interviews with industry pros. It's intense, so if you need guidance, check us out. 📮 DM us your email to join the WSO Academy waitlist. #investmentbanking #wallstreet #financecareers

Our mentors from top-tier banks such as Evercore, Blackstone, Rothschild, and Barclays have crafted a 25 pages comprehensive guide to ensure you navigate Spring Week with confidence and precision. The guide delves into: I) Application Process & Timelines:  1.Roadmap to application success 2.key dates 3.strategic submission tips. II) Choosing the Right Division:  1.In-depth insights into IB 2.S&T/Markets 3.Investment Research  4.Asset Management III) Resume & Cover Letter Tips:  1.Insiders advice tailored for Spring Weeks 2.format suggestions  3.keyword optimization 4.phrasing IV) Networking & Joining Relevant Organizations: 1.Strategies to build your network,  2.key events V) Application Progression:  1.Online tests: the providers (Aon, Cappfinity, Talent Q/Korn Ferry, SHL…) 2.The HireVue  3.The interview VI) Shining During Spring Week:  1.Building technical knowledge  2.Crafting the perfect questions 3. Understanding the company culture to make a lasting impression. To gain access: ➡️ Follow my page, Thomas Dussud, and the MIM Prep page. ➡️ Leave a comment below with your email address, and we'll provide you with the complete guide. Repost for a chance to receive a 1:1 consultation call with our Evercore mentor, who will review your Spring Week application and offer tailored advice. Winner will be DM'ed in one week on instagram &@mim_prep👀 Amat Victoria Curam.

Candidates often focus solely on technical questions, overlooking behavioral interviews 😔 Yet, these are important for standing out! ⭐ To be sure that the stories you tell are all focused, and told efficiently, you can use the S.T.A.R. technique: S - Describe the SITUATION. T - Describe the TASK. A - Describe the ACTION. R - Describe the RESULTS. 🎤 Practice several of your favorite stories that you can mold to fit different types of questions. WSO Academy has helped thousands break into Investment Banking. Interested? Join the Waitlist NOW >> https://lnkd.in/g6dZnAk5 #investmentbanking #wallstreet #jpmorgan

In investment banking, an associate could earn a bonus ranging between $80,000 and $150,000 🤑 A huge number, right? But we know it's not easy to break into IB 😔 One thing we always emphasize is the importance of mastering finance concepts. Why? 💬 Because knowing the definition and being able to verbally deliver it in an interview are very different skills. 🗣️ This is why mock interviews are essential. 📥 If you want our help to prepare for your interviews, DM us your email and we'll add you to the WSO Academy waitlist. 🚨 Don't forget to submit your application so you can get our application tracker for free! #investmentbanking #wallstreet #financecareers

Fit questions are a major part of the IB analyst interview 👨💼 They help determine who you are and how you'd fit into the firm's culture. 🔖 Save this post to ace your behavioral interview! ------ Need guidance to break into investment banking? 🚀 Join the WSO Academy waitlist - https://lnkd.in/gN9yH8gM #investmentbanking #wallstreet #financecareers