Introduction

Securing a job in investment banking is known to be one of the most competitive career pursuits in the financial world. The industry attracts thousands of highly ambitious and talented individuals from around the globe, but opportunities are limited and the selection process is rigorous.

One of the key challenges is the sheer volume of applicants. Top investment banks receive tens of thousands of applications each year for a relatively small number of internship and graduate roles. This means that even highly qualified candidates face stiff competition.

Recruiters look for a blend of academic excellence, relevant work experience, technical ability, and interpersonal skills. Applicants typically come from top universities with strong academic records, and many have already completed internships or placements within financial institutions.

The application process itself can be demanding. It often involves multiple rounds, including online tests, video interviews, technical assessments, and assessment centres. Final rounds typically include face-to-face interviews with senior bankers, testing both technical understanding and cultural fit.

Additionally, investment banking is not just about passing assessments—it’s about standing out. Demonstrating a genuine interest in finance, a commercial mindset, and the ability to handle pressure is critical. Candidates must also be able to clearly articulate their motivations and show an understanding of the bank’s business and values.

Another hurdle is the intensity of the role itself. The demanding hours and fast-paced environment can deter some candidates once they gain insight into the day-to-day realities. As a result, banks are keen to assess resilience and commitment early in the recruitment process.

However, for those who are well-prepared and passionate about the field, the challenge is not insurmountable. Networking, targeted internships, and developing strong technical and soft skills can significantly improve your chances. Many candidates also find success by initially entering adjacent sectors—such as corporate finance or accountancy—and laterally transitioning into banking.

Conclusion

In summary, getting a job in investment banking is difficult but achievable with the right mix of qualifications, experience, and perseverance. It’s a career path where preparation, resilience, and strategic thinking truly pay off.