As an MBA student interested in investment banking, landing a top investment banking internship can significantly boost your post-graduation job prospects. With major banks like Goldman Sachs and JPMorgan launching their MBA recruitment for 2023 summer internships, it is crucial to start your preparation early. This article provides an overview of the MBA investment banking internship application process and tips on how to stand out from the crowd.
Perfect your investment banking resume as an MBA student
As an MBA student, highlight your pre-MBA work experience and leadership profile in your resume. Banks specifically look for demonstrated interest in finance, so include any relevant coursework, projects and extracurricular activities. Emphasize transferrable skills like financial modeling, valuation, communication and leadership. Get your resume reviewed by senior students and alumni in investment banking.
Prepare for MBA investment banking interviews
Practice financial modeling tests and mock interviews on platforms like Wall Street Prep. Brush up on accounting, valuation, M&A concepts from books like Investment Banking by Rosenbaum. Expect behavioral questions on your interest in banking, so prepare 2-3 stories on relevant experiences. As an MBA, you will be expected to demonstrate leadership skills and strategic thinking.
Expand your MBA investment banking network
Networking is crucial for MBA banking recruitment. Attend on-campus events to connect with alumni and recruiters early. Join finance clubs and leverage your school’s alumni network on LinkedIn. Attend conferences and info sessions to expand your connections. Ask alumni for referrals and informational interviews to learn more about the roles.
Differentiate yourself as an MBA investment banking candidate
As an MBA student, focus on showcasing your leadership potential and strategic thinking. Develop a clear investment banking pitch highlighting your differentiated strengths. Be prepared to discuss how you can add value as a senior associate based on your experience. Explain why investment banking is the right next step for you post-MBA.
With proper preparation and positioning, MBA students can successfully break into investment banking. Perfecting your resume, acing the interviews and expanding your network are key to landing a top investment banking internship.