Dallas, as an important financial center and economic engine in the southern part of United States, has attracted many headquarters of world-class corporations and provided abundant career opportunities in investment banking industry. Students who study at local prestigious universities such as UT Dallas and SMU have socialized with alumni working in various financial institutions through student clubs, career fairs and other events, laying a solid foundation for their future job hunting.
Well-known Investment Banks Provide Entry-level Positions
Many leading investment banks like Goldman Sachs, JPMorgan and Bank of America have summer internship programs that recruits sophomore and junior students from target schools. They also offer impressive compensation package around $100k – $150k for fresh graduates with return offers.
Boutique Banks Seek Talents in Niche Markets
Apart from those Wall Street big names, small and medium sized investment banks also present nice opportunities for students with specific interests. For example, Baird has an opening for global investment banking summer analyst focusing on industrials sector. The pay might not be as high as BB banks initially but could grow quickly with accumulated experience.
Networking Plays a Key Role in Job Hunting
Personal connection and alumni referrals contribute a lion share of offers at financial institutions each year. Students are encouraged to actively participate in various student organizations and career-related events to expand their networks. For example, one student has successfully secured an precious referral from Goldman Sachs’ global COO through his broad networking activities.
In conclusion, Dallas area provides abundant job opportunities with competitive compensations for investment banking positions. Students need to leverage their alumni networks, polish resumes and technical skills in order to land offers at their dream financial firms.