Investment Banking Requirements

It is incredibly valuable to be able to demonstrate numeracy skills, and you clearly need to show that you have a keen interest in finance or corporate management even if you were not a BESS student. This can be shown through extra-curricular activities, or explained in your cover letter.

Regardless of the course you are studying at Trinity, you need to show good grades. Most competitive management consulting and investment banking firms require a 2:1 minimum. For a summer internship this is based on grades to date, and offer of a full time role will be conditional on a 2:1 in your final exams.

For full time offers, management consulting firms and investment banks typically prefer candidates who have previously completed a summer internship, either with them or a competitor. Due to the intense nature of these jobs, they want to see that you realize what you are committing to!

Finally, there is a very high conversion rate between summer interns and full time offers, so students who are interested in management consulting or investment banking should apply for summer internships in junior sophister year. It can be more challenging to receive a full time offer if you apply in your final year, because there are fewer spaces left after summer interns have been made and accepted offers. Even full time offers made to candidates who have completed a summer internship will likely be conditional on a 2:1 overall grade.

 

Interview Structure

 

While every firm will have a slightly different interview procedure, they are likely to follow a pattern similar to this, after the CV and cover letter stage.

Investment Banking

  • Online numerical quantitative reasoning test (in some but not all cases)

  • Round 1: two back-to-back interviews, over the phone or in person, with junior bankers (analysts or associates); usually last 30 minutes each

    • The interviews will likely cover technical, competency and motivational questions

  • Round 2: two or three back-to-back interviews, in person, with mid-level bankers (associates or vice-presidents); usually last 30 minutes each

    • The interviews will likely cover technical, competency and motivational questions

  • Round 3 (assessment center): full day of in-person evaluations likely consisting of more individual interviews with senior bankers (executive directors or managing directors), a numerical test, an individual presentation and a group presentation

    • The individual interviews will likely focus more on competency and motivational questions with some technical questions,(although MDs will assume if you have come that far in the process that you have already been grilled on the technical!

    • The individual presentation is usually a case study for a potential M&A transaction; you need to evaluate three or four candidates for a hypothetical client. There is usually 10-15 minutes to prep and then the presentation lasts 20 minutes

    • The group presentation is usually a similar case study to the individual presentation but you are put into teams of four or five. The most important thing here is that the firm will be evaluating how you work in a team rather than getting to the “right answer”. There will usually be four or five bankers observing how you contribute to group work.