Recruitment requirements of the four major investment banks

What kind of talents do international investment banks need if they want to work in it?

1. Investment banks attach great importance to internship experience and need talents with relatively good internship experience. Without investment banking internship experience, your competitiveness will be weak, but if you have done some IPO and mergers and acquisitions; A and other projects, or really made great contributions, learned or cultivated a lot of knowledge and quality that investment banks value, are still very convincing. Although there will be no clear certificate requirement in the recruitment announcement, FRM certificate is actually necessary for internship and work in this department. For foreign banks in the second echelon, all the 16 partners who entered the final stage have FRM. UBS's latest summer internship recruitment announcement clearly stated that only by passing the FRM exam can you apply for an intern in the risk management department.

It will be a great advantage if you can at least pass CFA Level 1 exam. Pay attention to the difference between investment banks and "commercial banks". The original business of commercial banks (Industrial and Commercial Bank, China Merchants Bank, etc.). ).) What we are familiar with is mainly deposits and loans, and the important source of profits is the deposit-loan spread. The initial business of investment banks is securities underwriting, and most of them earn commissions. The regulators of such institutions are the securities regulators of governments of various countries. In China, representatives of foreign banks include Goldman Sachs and Morgan Stanley. Representatives of domestic investment banks are brokers, such as CICC and CITIC Securities. Investment banks are also trying to use automation, artificial intelligence and machine learning to find deposits as close as possible. Citigroup automates news, analysis, pricing and trading ideas by using its technicians and materials collected from employees' communication with customers.

3. As the top investment bank in the world, international investment banks have great attraction to the global financial and management elites. Of course, employees who can join international investment banks are excellent. They not only have high comprehensive quality and strong personal ability, but also must be familiar with financial business and be good at communicating with people. In order to deal with rich people all over the world, one must master one or two foreign languages, especially English. Employees are basically engaged in the financial field. The main business of international investment banks is bank investment, and most positions require employees to be familiar with and master financial business and operations. Goldman Sachs recruits fresh graduates. The starting threshold for postgraduate study is 2 1 1985 college graduates, and the major must be finance. In addition, international investment banks generally require rich work experience and familiarity with financial business when recruiting employees.