What is a trainee investment banker?

Investment banks offer trainee positions for a select few elite graduates. Most banks offer a great training scheme. You’ll have to work very hard and learn very fast. First you’ll be put through a course to teach investment banking know-how, including financial modelling, bond pricing, and stock option theory. Then you’ll be unleashed onto a particular division.

Including classroom training and on-the-job training, most banks’ graduate programmes last two years. However, the length of the classroom component varies from as little as six weeks to as much as four months, the latter mostly in complex areas like IT and private banking.

The bank might have a system of buddies and mentors. This lends a personal touch to a training scheme – buddies are recent trainees. Mentors are typically more senior people who help answer your technical questions and may become your long-term guru.

See also Corporate Finance

How do I get a graduate scheme / internship / entry level job or career in Investment Banking?

Obtaining a graduate scheme, internship or entry level role in investment banking can be very challenging and competitive – though very achievable by getting your application, CV, interview and general approach right. You can guarantee that ninety percent of applicants for investment banking roles will not know how to apply, so getting your application in the top ten percent makes things a lot more achievable.

Approaching the company in the right way will make all the difference. Combining the right approach with a strong interview (and in some cases assessment centre) writ a strong focused tailored CV will go a long way. Make sure you have gone through the free videos on this sight by entering your name and email address in the top right of this screen underneath the video. Once you have filled this in you will have instant access to everything you need to secure your career in investment banking.

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