- Application: where the candidate submits their resumes to the bank, either through the bank's website or through a recruitment agency.
- Screening: The recruitment agency or banks Human Resources department will shortlist candidates based on their requirements.
- Interview: Candidates will generally be required to attend multiple interviews, these can range from HR interviews to meetings with the hiring manager and senior company members. The number of interviews required will depend on the level of the position applied for and the size of the company. These interviews can be performed in person, on the phone or using video conferencing.
- Testing: the majority of banks (and all our clients) require candidates to take aptitude tests such as numerical reasoning, verbal reasoning or case study analysis (for example, a DCF or LBO model).
- Offer: Successful candidates will be offered the position, they will then discuss the terms of the offer with the bank. We guide our candidates and clients through this process. All offers are normally subject to passing background checks.
- Background Check: these could be processed by the recruitment agency, the bank or, an external party. They typically include verification of educational and employment history, and in some cases, credit checks and/or Disclosure and Barring Services (DBS).
The Recruitment Process for Investment Banking
Generally speaking, the recruitment process for investment banking (IB) and private equity (PE) positions involves numerous stages, these often include:
