We are often asked by candidates, what key skills and qualifications are our client looking for whilst recruiting and how can they make their profile more appealing for the best roles.

With this in mind, we have put together this article to help our candidates during their search for their next position.

Generally speaking, the skills required to work in investment banking can vary depending on the specific job and the company but, there are several skills that are usually preferred by employers in this field. Some of the most common skills for investment banking positions include:
 

1. Education: A strong academic background is typically a must-have for investment banking positions. Most employers prefer candidates with at least a bachelor's degree in business, finance, accounting, economics, or a related field. Some investment banks may also require a master's degree, such as an MBA, for more senior positions. We will discuss this area more later on in this blog.
2. Relevant work experience: Investment banks generally prefer candidates with prior work experience in the finance industry, particularly in areas such as investment banking, private equity, or corporate finance. Experience in related fields such as accounting or management consulting can also be beneficial.
3. Analytical skills: Investment banking requires strong analytical skills, including the ability to interpret financial statements, evaluate business models, and analyse market data. Employers look for candidates who have a track record of strong analytical and problem-solving skills.
4. Communication skills: Effective communication is key in investment banking, as bankers need to be able to explain complex financial concepts to clients and colleagues. Strong written and verbal communication skills are essential.
5. Attention to detail: Investment banking involves working with large amounts of financial data, and small errors can have significant consequences. Employers look for candidates who have strong attention to detail and are able to produce accurate work in a fast-paced environment.
6. Technical skills: Investment banking requires proficiency in a range of technical skills, including financial modelling, valuation, and data analysis. Candidates who have experience with software such as Excel, Bloomberg, and PowerPoint are generally preferred.
7. Professional Qualifications: Some investment banking positions may require professional qualifications, such as:

1. Bachelor's degree in business, finance, accounting, economics, or a related field. Some investment banks may also require a master's degree, such as an MBA from one of the top universities.
2. Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) designations. These certifications can demonstrate a candidate's expertise in a specific area and can make them more competitive in the job market.
3. ACA (Associate Chartered Accountant) and ACCA (Association of Chartered Certified Accountants): These are two of the most highly regarded professional certifications in accounting. The ACA is a UK-based qualification offered by the Institute of Chartered Accountants in England and Wales (ICAEW), while the ACCA is an international qualification offered by the Association of Chartered Certified Accountants (ACCA). While these certifications are not specific to investment banking, they can be useful for those looking to work in areas such as mergers and acquisitions, due diligence, and financial analysis as both qualifications cover a range of topics, including financial accounting, management accounting, and taxation.
4. Modelling courses: Investment banks rely heavily on financial modelling to analyse potential deals and make strategic decisions. There are many financial modelling courses available that can teach candidates how to build and analyse complex financial models. Some popular courses include the Wall Street Prep Financial Modelling Course and the Financial Modelling Fundamentals course offered by the Corporate Finance Institute.

Which University?
While there is no one "best" university for investment banking, there are several institutions that are highly regarded in the industry. Some of the top universities for investment banking include:

1. University of Oxford: The University of Oxford is one of the oldest and most prestigious universities in the UK, and is renowned for its programs in finance, economics, and business. The Saïd Business School at Oxford offers an MBA program with a finance focus, as well as a number of executive education programs in finance and investment banking.
2. University of Cambridge: The University of Cambridge is another top-ranked university in the UK, with a strong reputation in finance and business. The Judge Business School at Cambridge offers an MBA program, as well as a Master's in Finance degree that is designed specifically for those looking to pursue a career in finance or investment banking.
3. London School of Economics and Political Science (LSE): The LSE is a leading institution in the UK for social sciences, including economics, finance, and business. The LSE offers a number of degree programs in finance and economics, as well as a number of short courses and executive education programs in finance and investment banking.
4. Imperial College London: Imperial College London is a world-renowned research institution that is particularly well-known for its programs in science, engineering, and medicine. However, the Imperial College Business School also offers a number of programs in finance and economics, including an MBA with a finance focus and a Master's in Finance program.
5. University of Warwick: The University of Warwick is a highly regarded research institution with a strong reputation in business and finance. The Warwick Business School offers a number of degree programs in finance and accounting, as well as a range of executive education programs in finance and investment banking.
6. Harvard University, the University of Pennsylvania (Wharton), the University of Chicago (Booth), and the Massachusetts Institute of Technology (Sloan). These universities offer rigorous programs in finance, accounting, and economics, and have a strong track record of placing graduates in top investment banking positions.

These universities offer a range of programs and courses that can be helpful for those looking to pursue a career in investment banking, including MBAs, Master's programs in finance, and executive education programs. Attending a top university can also provide candidates with valuable networking opportunities and connections to top employers in the industry.

There are several qualifications and courses that can be useful for those looking to pursue a career in investment banking. While academic qualifications such as a bachelor's degree and an MBA are important, certifications such as the ACA and ACCA and courses such as financial modelling can also be valuable. Additionally, attending a top university can provide candidates with access to top employers and valuable networking opportunities.

In conclusion, investment banking is a highly competitive field, and employers generally look for candidates who have a combination of strong academic credentials, relevant work experience, analytical skills, and effective communication skills.