Studying in Australia, what preparations do investment banks need to make after graduation, and how to choose their majors?

As far as job hunting is concerned (only for China students in business schools), I suggest Melbourne, which has a good national experience and good reputation. In addition to the investment banking departments and research institutes of top brokers (such as Huatai), there will be no problem in returning to China (some, such as fund companies investing in research, have little hope).

If you are a graduate student, the undergraduate school is the most important. The reputation of an Australian school will not add or subtract points for you, but a graduate diploma will add points for you to find a job. If you don't return to China, there is still an upper limit. The resumes of investment banks in Hong Kong can pass, and ubs and Germany like Australian undergraduate students very much (but if you want to apply for an internship and then get a return offer, there is basically no chance to apply after graduation). Australian investment banks, Goldman Sachs and jp morgan also have opportunities, but there are few places and most of them need Australian PR (if you are in Melbourne, it's almost like you go to about 5 schools in the United States, and the probability of going to the top investment banks on Wall Street after graduation is almost the same).

We will give a basic introduction to investment banks and some recruitment standards of investment banks, so as to help students and parents find out the direction of future efforts.

1. Understand the recruitment habits of the industry

First of all, the job opportunities in investment banks are extremely competitive, but generally it is a relatively stable job unless it is unfavorable to catch up with the financial crisis. Secondly, investment banks are famous universities, like to recruit graduates from top universities or top business schools, and have good cooperative relations with these schools. There are no restrictions on majors, and students of any major are recruited.

2. Job opportunities for newcomers

The two most basic positions in investment banks: Analysts and Associates (assistants) are the most basic jobs, usually recruiting undergraduate or master graduates directly, and occasionally people who have 1-2 years of work experience. After working in the same position for 2-3 years, most analysts will choose to switch to other areas of the financial industry, such as private equity funds, hedge funds or venture capital.

Assistants are usually recruited directly from graduates of top MBA programs or selected from analysts. The essence of the assistant's job can be called the analyst manager, that is, the middle-level investment bank, who has more direct contact with customers and investment bank executives, and also plays the role of a firefighter.

3. How to prepare undergraduate graduates

The best way is to find an internship in an investment bank. For students in top universities, investment banks will have internship campus recruitment programs. In addition, try to revitalize your contacts, alumni, professors, student groups and even relatives may help you find internship opportunities. If you are not a student in a top university, you need to make full use of your personal connections, and at the same time take the initiative to call some small-scale local investment banks for self-recommendation (the chances are greater). Once you get an internship, you will get a full-time job interview or employment in the future, which should be said to be a great guarantee.

For non-fresh graduates, the chances of entering the investment bank are much smaller. If you have more than three years of working experience and are over-qualified as an analyst, there is still hope for people with less than three years of experience. The goal can focus on small professional banks, but any alumni or professors who have relevant resources can work hard, and they can also participate in some professional gatherings and make more friends with the industry to maximize the power of interpersonal networks. However, if you have worked so hard for half a year and nothing has come to fruition, it is more reliable to consider applying for an MBA program in a top business school and then entering an investment bank.

4. Job opportunities for MBA graduates

For MBA graduates, networking is often more important than for undergraduates. After all, studying for an MBA is a platform for networking. Admittedly, investment banks will definitely go to the top business schools for campus recruitment, but you must contact the alumni who work in investment banks 6-9 months in advance and strive for the opportunity to participate in Informational Interviews of various banks (one-on-one questioning interviews between students and alumni who work in investment banks, students' questions, alumni's answers, the quality of questions and the performance in the communication process are very important). In fact, the performance of informational interviews basically determines whether you can get an interview opportunity in the formal recruitment process.

In short, if you want to work in an investment bank, you should study hard and make progress every day from the moment you read this article. The talents pursued by investment banks are not only smart but also diligent (usually it is not a problem for such people to enter a prestigious school).