What kind of people do investment banks need to apply for jobs? Details?0?3

After carefully reading, digesting and absorbing, he needs to analyze how these news will affect the assets in the client's investment portfolio (Portfolio Holdings), and convey his understanding and insights of the information to the client. Investment bankers often work an average of 50 to 90 hours a week, day and night, and live a life of black and white. So once you enter this industry, you must be highly self-disciplined about your lifestyle, mentally prepared for long-term struggle, adjust your life rhythm, do your best to gain learning experience, and maintain a persevering professionalism. Staff perspective: Since the fourth quarter of last year, overseas public offerings by Chinese companies have become a global focus. In 2003, China Life became the company with the largest amount of IPO funds raised in the world. This year, the market also expects mainland Chinese companies to raise approximately US$15 billion overseas. With more and more listing activities, investment banks are even more busy, and many investment banks have expressed their intention to increase manpower. According to a survey by human resources consulting firm Hudson, more than half of financial companies plan to expand their staff from April to June. But what kind of people do investment banks need most? Let's first take a look at how people in the industry view this issue. Zhuo Dongying, who works as the head of the banking and financial recruitment team at Hudson, said: Investment banks are most eager for people with rich experience and understanding of China's national conditions. It is of course best to be able to speak Mandarin, but for China's Understanding the national conditions and enterprises is also very important. Therefore, both returnees and Hong Kong people have advantages in this regard. Wei Wenhan, Morgan Stanley's vice president in charge of human resources deployment in Asia, said that the most basic requirement for investment banks is that job applicants must have good academic performance, because performance represents a person's learning ability and potential. As business graduates abound in China, an MBA degree is becoming increasingly necessary. However, he mentioned that Chinese students have a common problem, which is that they only focus on academic performance. Unfortunately, having a perfect score sheet does not mean that a person can become an excellent banker. A balanced resume is what banks want to see most. Investment banking is an industry full of competition. Ability, enthusiasm and goals are of course important, but creativity and patience are also indispensable. In addition to good academic performance, investment banks also like people who have achieved success in other areas, such as music, art or sports. A talented person means that he is a person full of enthusiasm, and this enthusiasm can often help them in their career. Li Zhiying, who has worked in an investment bank for more than seven years and is now a real estate analyst at ING in Hong Kong, thinks so: Those who want to join an investment bank must be mentally prepared that it will be a very competitive and stressful job. You have to work at least 12 hours a day. In addition to having a deep understanding of the industry and company you are responsible for, you also need to grasp the economic development of the entire society, because every seemingly simple event and every ordinary data may have an impact on The real estate industry has a significant impact, and customers rely on your judgment to make transactions. This is an industry full of challenges, but it is also an industry with clear rewards and penalties. 5.2. Which talents are favored by investment banks? a. Strong interpersonal communication and leadership skills. Mr. Zhu Jia, CEO of Morgan Stanley China, once said vividly: "We hope that all people can do both 'square' things and ' It’s a round thing.” It can be seen that people who can communicate well with customers in various situations and ultimately solve problems are relatively easy to enter the field of investment banking talent search. b. Excellent learning and logical thinking skills. After being hired, fresh graduates will generally start from entry-level positions, such as collecting, organizing and analyzing written information. The workload and work pressure are considerable. If they do not have rigorous thinking skills and quick collection The ability to analyze information is difficult to adapt to. If we can still maintain this ability in the future, we will be able to cope with fierce competition with ease. c. Good basic literacy and professional knowledge. Top financial institutions generally do not impose restrictions on the professional background of talents. Just as many outstanding investment bankers in the United States are not from finance or economics, but they have considerable financial knowledge, can skillfully use financial analysis tools, and have strong analytical skills are their unique characteristics.

d. Abundant creative passion and work ability. Finance is an intellectual industry. As Mr. Zhu Jia said: “As a service industry, there is no sophisticated technology and machinery, but to be different from other companies and win in the competition, the biggest The weight is talent! "Financial business is sometimes very complex, and no one may have tried it before, which requires team members to have enough creativity and imagination. e. Full belief in success and courage to win. The financial industry is full of challenges. In the fierce and long competition process, one must always maintain high morale, sufficient confidence, and the courage to defy difficulties. In fact, before officially entering any well-known international financial institution, the cumbersome written application procedures, written examinations, interviews and other activities have already blocked out those people who have high ambitions but low ambitions, and are impetuous and vain. f Have both overall awareness and practical spirit. The financial industry does not need rhetorical dreamers. Practicality and hard work are the qualities that must be maintained at any stage. People who first join top financial institutions have a very low starting point, even MBA graduates. But for a professional who has plans for the future, the starting point is a good opportunity to learn. Discussions with colleagues and discussions with customers are not trivial matters. You should gradually understand what you want to do, and have a thinking and grasp of the overall situation at work. 6. Competitors of NTU students 6.1. Where are the competitors? In the past few years, top investment banks on Wall Street generally only recruited students from four schools in mainland China: Tsinghua University, Peking University, Fudan University, and Jiaotong University. Those who can go to top investment banks are the best among the best. Even super talented people from Peking University, Tsinghua University, and Fudan University may not be sure of getting into these places. In the past two years, with the expansion of investment banking business in China and the fierce competition for talent, the situation has undergone some changes. These top investment banks have begun to recruit talents from schools other than Peking University, Tsinghua University, and Fudan University. Although there are not many places, NTU students should pay attention to this trend. On the one hand, NTU has the ability to send such outstanding graduates to such institutions. On the other hand, the recruitment of students from Nanjing University by investment banks also represents their respect for Nanjing University, thus bringing about a promotional role to enterprises. In fact, not all graduates from Guanghua and Tsinghua have such good jobs. At least half of them can only find jobs in the Big Four accounting firms. Moreover, if your undergraduate degree is not from a prestigious school, it is best not to place too much hope that you can rise to the top through graduate school. Many major international investment banks and overseas prestigious schools attach great importance to undergraduate qualifications. Of course, unless you are particularly good. Shanghai Finance vs. Fudan: Shanghai Finance is the Number One among financial vocational schools in Shanghai, but because Fudan takes advantage of its reputation as a prestigious school and frequently poaches students, there are signs of a loss of teachers at Shanghai Finance. In terms of finance, Dai Guoqiang is still in charge, and Tian Guoqiang is a new leader in the School of Economics. Shancai has sounded the clarion call for counterattack: There are rumors in the world that Shancai's financial investment direction is definitely stronger than Fudan's. What about the direction of currency, silver and national finance? 6?7? 6?7 However, one thing needs to be re-examined. International investment banks have very high bloodline requirements. Fudan graduates still have some advantages when entering international investment banks. Our survey is only for reference. Should you choose Shangcai or Fudan? It still depends on the actual situation of the individual. In Beijing, in addition to Peking University and Tsinghua University, the Graduate School of the People's Bank of China in Wudaokou is highly competitive. "Wudaokou" is the common name in the financial circle for the Graduate School of the People's Bank of China. Furthermore, graduates of Renmin University of China are also qualified to enter investment banks. 6.2. Competitors’ advantages When we study the interview experience (referred to as “interview experience”) of those graduates from Peking University and Tsinghua University who have the ability to enter top investment banks, we can almost see that they have also interviewed with the best multinational consulting companies. In fact, the advantages our competitors have are almost the same as those we concluded when we conducted research on the management consulting industry. The difference is that they have access to top investment banks such as GS (Goldman Sachs) and DB (DEUTSCHE BANK). 1． Geographical advantages Although the top investment banks have a wide range of business in China, their headquarters in China are mainly concentrated in Beijing and Shanghai. Therefore, graduates from prestigious schools in the above-mentioned cities can have a great advantage in applying for jobs. This is also one of the disadvantages of NTU students applying for jobs. 2． English Advantage The most important thing for investment bank recruitment is that candidates must have very skilled English skills, speak authentically, and have quick thinking in English.

This can be felt from their interview process, so if your English is not very good, it is recommended to go back and work hard first. Our opponents from Shanghai and Beijing have a very international living environment and have had very good English education conditions since childhood, so their English ability is better than ours. 3. Professional advantages: All competitors in Beijing and Shanghai have internship experience in large companies such as AA and PWC. This experience also directly created their later professional potential, which is a soft advantage. Therefore, if you want to have an advantage in the competition with them, you must first get rid of your bookishness, have extensive contact with the society, and improve your professional quality. 4. Broader vision Most of our competitors are located in international cities like Beijing and Shanghai. As outstanding students in school, the opportunities and platforms they are exposed to can broaden their horizons and enhance their self-confidence. Compared with students from Nanjing University, they can more easily contact big companies, see big scenes and big figures. When they mentioned that they had worked in a certain international bank, perhaps many of us heard the name of this company for the first time. 7. Introduction to domestic and foreign investment banks (see PDF for full version) 7.1. Foreign 7.1.1. Traditional investment banks: The Goldman Sachs Group, Merrill Lynch & Co., Inc., Morgan Stanley Dean Witters ( Morgan Stanley Dean Witter Lehman Brothers Holdings Credit Suisse First Boston Charles Schwab & Co., Inc. Macquarie Bank CLSA 7.1. 2. Comprehensive bank investment banking business JP Morgan Chase (also known as JP Morgan, JP Morgan Chase & Co) Citigroup (Citigroup Global Markets Co., Ltd.) Deutsche Bank (DEUTSCHE BANK) 7.2. Domestic investment banks 7.2.1. Joint venture investment bank China International Capital Corporation , BOCI, BOCI Asia Limited, BOCI Securities Co., Ltd. Huaou International Securities, CK Paribas Peregrine Securities, Goldman Sachs Gaohua Securities, Haiji Dahe Securities Co., Ltd. 7.2.2. Securities companies Guotai Junan, Guosen Securities, CITIC Securities, Haitong Securities, China Merchants Securities, Industrial Securities, Southwest Securities, Shenyin & Wanguo Securities, Everbright Securities, Xiangcai Securities, Hong Kong Taifook Securities Group Co., Ltd. 8. Investment banking career 8.1. Career development path in investment banking First, enter investment There are usually two ways to go to banks: one way is to get to know people in your circle and have recommendations or introductions from others; the other way is campus recruitment. In terms of levels, there are roughly these levels from low to high: Analyst (Analyst, usually a bachelor's degree graduate from a prestigious foreign school, or an undergraduate/graduate graduate from a famous domestic school) Associate (Manager, promoted from an analyst or recruited from an MBA from a famous foreign school) VP ( Vice President, promoted from Manager) Director (Director, promoted from VP) Managing Director (Managing Director, promoted from Director). The above titles are different for different banks, but they are essentially the same. Generally speaking, there is a roughly three-year work experience gap between each level, and promotion is based on seniority. The higher you go up, the more common it is for talent to flow between different banks. Functionally speaking, people in investment banks are roughly divided into those doing customer relationship management and those doing business implementation. The former generally corresponds to a higher level, usually VP and above; the latter, although people at all levels can do it, mainly works at the levels from Analyst to VP. After entering the investment banking industry, under normal circumstances, you should be responsible for completing every project you accept in a timely manner, whether it is writing reports, drawing spreadsheets, negotiating business, doing research and development, or formulating work plans. Then, once you have the opportunity to reach customers and participate in generating profits, if you can negotiate business for the company, the rewards will be quite handsome. If you become a senior executive (usually directors, managing directors and higher), you have to take more risks.

Those who are not qualified for such positions will be forced to leave. To put it simply, if you want to be Director or above or do customer relationship management, that is, focusing on business, you must either work your way up from the bottom and accumulate good professional qualities, customer service experience, and broad connections, or you must have a family background. , or long-term experience and connections in the industry. Other possibilities are unlikely. 8.2. Investment Banking Job Introduction and Competency Requirements: Trader, the most attractive job in investment banking, Finance is to enter and verify transaction data, Tech is to support all systems, including network management, and DBA Research is to regularly come up with some information. I don’t know if anyone has read it. The sales report is to go to those big companies and ask them to give you money to manage the HR Human Resources Management Department. The current business of investment banks in mainland China is not mainly front office transactions, basically IPO, or research and other back office work, top-level trader There is very little that Chinese people can do. It is good if they can do clerical work. In developed countries and regions in Europe and the United States, many college graduates start as analysts when they first enter investment banks. To do this job successfully, you must have special skills, such as spreadsheet skills and clear problem analysis, before you may become a senior manager. It requires the same skills, just a little more demanding. In the middle years of your career, your success depends on your ability to communicate with customers and successfully close deals. At the same time, you must also understand the market conditions, political and macroeconomic conditions, and operating mechanisms. Some jobs in investment banks require strong mathematical skills. If you are good at math, consider getting an advanced degree in a science or engineering subject (such as stochastic calculus and differential equations), then continue with a few more advanced courses in subjects such as financial analysis and stock valuation, and finally Wall Street applied for a research department. In most analysts' jobs, it is very important to analyze financial numbers correctly. If you want to become a securities analyst, you must work hard to obtain the CFA (Certified Financial Analyst) designation. If one day you aspire to engage in the financing business and become a corporate financial analyst, you'd better consider getting a CMA (Certified Management Accountant). As for Trader, it’s hard to say what makes a good trader. But at least you must be able to fully understand the market and react quickly to make accurate analysis. It is recommended that you read the classic “Liar’s Poker” by Michael Lewis, a former trader at Salomon Brothers. You will learn a lot about the trading field. At the same time, the key to success in investment banking is teamwork. Being able to bring everyone together to serve customers together is a huge challenge, and the rewards are likely to be very high. Employees with technical and legal backgrounds are highly valuable to investment banks: scientists can do anything from calculating financial derivatives to bioengineering; lawyers can help design new securities, run leases and use their brilliant analysis Ability to communicate with customers. "Learning to sell yourself" is the basic skill of becoming a banker. The key to entering the investment banking industry is networking - maybe you have been attracted to this kind of network for a long time, but if you don't have it yet, you should quickly build your own network. 8.3. Job content of various departments in investment banks Corporate Finance (Corporate Finance) - If you are in the corporate finance department, you should help the company raise funds for new projects and possible future projects. You should be able to determine the amount and composition of funds required by the client through assets, liabilities, convertible securities, preferred securities or derivative securities. Mergers and Acquisitions (M&A)—transactions whereby one company purchases another—are an important source of revenue for many investment banks. If you do this kind of work, you should be a consultant to your clients, valuing deals, creatively structuring sales, and negotiating terms that are favorable to you. Goldman Sachs and Morgan Stanley are world-recognized leaders in M&A. Project Finance – The scope of project finance is rapidly expanding to include the financing of infrastructure and petroleum asset projects that are primarily on the balance sheet of a company or government. Credit Suisse First Boston and Deutsche Bank are very active in this area.

Project financing transactions have become one of the most important channels for introducing foreign investment into developing countries. Trading – Some of the most coveted jobs in investment banking are often in trading. Traders are responsible for buying and selling assets, stocks, foreign exchange (Forex or FX), options or futures among commercial banks, investment banks and large institutional investors. Trading is a complex business and therefore requires you to have comprehensive market knowledge, financial tools and psychological intuition. Structured finance – involves the innovation of financial instruments to redirect capital to investors (as asset-backed securities). It would be advantageous if you could combine spreadsheeting, accounting, and legal skills. ?6?7?6?79. Nanjing University students should obtain as much information as possible on how to acquire abilities. We recommend the BBS of major universities and some personal blogs on the Internet, as well as various professional websites (recommended such as bbs.yingjiesheng.com) Consulting company discussion forum, etc. Through meditating on the Sutra, on the one hand, you can compare what you need to work towards, and on the other hand, it is also a benchmark for measuring your growth process. In addition, you can also learn about the latest trends in consulting companies' talent requirements. In the process of career selection, you should fully analyze yourself, the industry, and the target company to understand your interests and strengths. Some people's background is suitable for the financial industry, some people's background is suitable for consulting, others may be suitable for industry, etc. There are many ways to success, the one that suits you is the best! If you are interested in engaging in investment banking and are willing to put in a lot of effort, then you can improve your competitiveness from the following aspects: (1) English proficiency. Investment banks have high requirements for English, especially foreign investment banks, which require English proficiency. Assessment runs through the entire application process: resume (written in English), written test (complete in English or half Chinese and half English), interview (spoken), etc. Tips for improving your English: (A) Watch more American Movies and soap operas. On the one hand, pay attention to their customary expressions and pronunciation and intonation, cultivate your own sense of language and interest, on the other hand, pay attention to imitation and learning, and speak out loud. (B) Strive to reach a level where you can give a 3 to 5-minute presentation on any topic after preparing for a while (more and more companies are adopting this method in interviews). Practice method for reference: listen to an article in Crazy English magazine, ask yourself questions about the topic, and then answer in your own language, that is, one person plays two roles. (C) Actively participate in the English Corner or the English Lovers Alliance. For example, the Saturday Drum Tower English Corner, our school holds the English Corner every Sunday at 7 pm in the multi-purpose hall on the first floor of the Student Activity Center, and the Oral Interpretation Alliance and other salons or clubs in Nanjing (which are divided into those run by NTU residents and those outside the school). resources) etc. (D) Selectively take English exams, such as TOEFL, GRE, GMAT, Cambridge Business, Gaoke, etc. Many investment banks will ask you to fill in whether you have taken the ETS test when applying. If you do well in the test, it will help you get an interview opportunity. (E) Targeted preparation. Investment bank interview questions mainly include general questions, behavioral questions and technical questions, etc. Some questions must be prepared, such as introduce yourself, why investment banking, why DB, ML, GS, MS, UBS?6?7, why do you think you are qualified to be an investment banker etc.

Regarding personal qualities, different investment banks have different corporate cultures and focus on candidates' quality. It is necessary to analyze each investment bank's concerns about analytical skills, teamwork; spirit, leadership potential, innovative, problem solving skills, communication skills, etc. Prepare two or three examples. In addition, investment bank interviews attach great importance to your past experiences, such as overseas exchanges, relevant internships, courses studied, extracurricular activities, etc. During the job search, it is best to find some like-minded friends to form a group, conduct mock interviews, and provide each other with suggestions. (2) Internship experience Investment banks attach great importance to internship experience, and many people who finally get an offer from an investment bank have the experience of interning in an investment bank during the summer vacation. As far as the internship itself is concerned, on the one hand, it can enrich your experience. On the other hand, if you are interning in a well-known multinational company, it can also prove that you are better than others. Working hard to get an internship at a good company will often put you in a pretty good position when the next opportunity comes (although the first time is always harder). If you can't get a summer intern offer from an investment bank, you can consider interning at relevant companies, such as well-known securities firms, funds, consulting companies, and the Big Four accounting firms. When looking for internship opportunities, on the one hand, you can introduce them through acquaintances, such as teachers, alumni, seniors, friends, etc.; on the other hand, you should make full use of network resources, such as going to the websites of major investment banks, paying attention to the summer intern program, and making full use of Sayuri and various Information resources of university BBS. Internships are expensive but not expensive, and should be consistent with your future job search direction as much as possible. (3) Professional knowledge in investment banks Different departments and positions in foreign investment banks have very different requirements for professional knowledge. If it is a fixed income department, then students majoring in mathematics or engineering, taking relevant courses, and doing relevant research or projects will have a great advantage; if it is a financial department, then financial majors and related knowledge will be very useful; if it is In traditional investment banking business, more emphasis is placed on the basic qualities and potential reflected in the applicant's previous experience. How to improve professional knowledge? Pay attention to accumulation in daily life, study corporate finance, accounting, financial engineering and other courses, and master basic concepts and theories, such as MM theorem, CAPM, corporate pricing, etc. Pay attention to financial websites (wall street journal, bloomberg, businessweek, ft, Hexun, Sina Finance, etc.), track market dynamics (such as recent IPOs, M&A deals), and understand macroeconomic trends (such as interest rate increases, exchange rates, securities markets, etc.). If you do have solid professional knowledge, you will send a signal to the interviewer in future interviews that you are indeed interested in this industry and have invested a lot of energy. She/he will find that you have the same language. Qualifications that investment banks value: Background of successful cases: 2001 Bachelor of Science in Computer Science at Nanjing University received an OFFER from Goldman Sachs (Tokyo) Technology Division. Experience sharing: 1) Spoken English: In terms of professional knowledge and skills, I feel that our students from Nanjing University are better than those from several universities in Shanghai. College students have nothing to lose. If there is a gap, it is probably in English. 2) Read more interviews with foreign companies: Because P&G’s TOEIC exam conflicted with my TSE exam, I gave up applying to P&G. But the preparations made by reading P&G's Facial Scriptures in advance still played a big role in the end. 3) Conduct sufficient research: When I was reading interviews in the past, I saw that a senior sister typed out information that was several centimeters thick and memorized it in order to apply for IBM. It was amazing for her. So when I applied for Goldman Sachs, I carefully browsed its website and printed out some information if necessary. 4) Seize the opportunity to ask questions: Every interviewer will give you the opportunity to ask questions at the end, so be sure to seize it. First, enhance your understanding of the company and the position. Secondly, it also shows your concern and understanding of the company.

5) Be more patient: When I participated in interviews at Goldman Sachs, I talked to nearly twenty interviewers in two departments. From the briefing session to admission, it took a month, which was quite energy-consuming. It's just a company. If you participate in written interviews with multiple companies at the same time, more energy is required. Before looking for a job, everyone should be mentally prepared and arrange study time. With more patience and confidence, you will always have satisfactory results. 6) You need to let them like you: A high school classmate of mine graduated from Cambridge this year and is also looking for a banking job. When I asked him about the interview experience, he said, "You need to let them like you." My later experience It makes me think that it is not an exaggeration to use this sentence as the guiding ideology for the entire interview. 7) Think more when faced with a choice: From the beginning of the summer vacation to the first semester of my senior year, I experienced a long period of confusion. I hope that the younger brothers and sisters in the future can also spend more time thinking about this issue and choose a career path that suits you. Investment Bank Interview Interview 1: Goldman Sachs Beyer's advice to fellow juniors Beyer is a 2003 graduate student in the Electronics Department of Nanjing University and received an offer from Goldman Sachs Tokyo Technology Department. SCDA: Please talk about your development history in college and graduate school. Beyer: After the college entrance examination in 1999, because of the relatively popular development trend of this major and the high-sounding interest, I came to study in the Department of Electronics of Nanjing University. When I entered school, I was drowned in the brilliance of the stars, and my college entrance examination score was just enough to get a third-class scholarship. The freshman life in Pukou is a bit like the senior year of high school, too far away from the imagined university life. There is not much rich campus life. I just read and study numbly, and talk like my roommates. As soon as I entered school, I began to look forward to the holidays, and I was overjoyed as the end of the semester approached day by day. Although the scholarship was eventually upgraded to first-class, I had basically no idea about my future life plans. It can be said that I was very naive and had no ideals. Beyer: I experienced an important step during my sophomore year. At that time, I met several friends with similar interests, and my introverted and shy character was greatly released during my time hanging out with them in Pukou. I formed a team to participate in a mathematical modeling competition, which gave me my first taste of the great charm of teamwork. Then I was put on the shelf and ran for senior grade, and was successfully elected by chance. So I "desperately" realized that there was no way back. Of course, the result It is not important to me, but the process of fulfilling my duties in the past three years is a huge challenge for me. This is a process of transformation from shyness to confidence. This was of great help to my later university life. Job search has clear goals: a great balance between business and technology. As my job search deepened, I gained relevant interview experience and gained a better understanding of various types of companies, and I gradually realized that some fields may not be suitable for my personality characteristics, so I shifted my job search focus to the fields I like. After saying goodbye to the consulting industry and a certain fast-moving consumer goods company, I finally got the offer I wanted, and therefore regretfully gave up the opportunity of a certain software company. ?6?7?6?7 (see PDF for details) Suggestions for juniors: 1. Understand the significance of summer internship opportunities and strive to obtain internship opportunities in top companies. 2. Be fully prepared to welcome the job search wave in October. 3. Apply to different types of companies and adjust your resume accordingly. 4. Pay more attention to the job boards of major BBS sites. 5. Don’t limit yourself to the pursuit of academic performance and scholarships. 6. Pay attention to developing your own English accent. 7. Confidence + Sincerity + Patience Interview 2: SCDA Highlight Recommendation - Laolanmao on Investment Banking Laolanmao is a 2003 master's degree in Finance from the Business School of Nanjing University. He graduated from Tianjin University with a bachelor's degree in 2003 and worked at Nanjing University-Hope from 2004 to 2005. He studied at the Chinese and American Cultural Research Center of King's University for one year and interned at the Beijing investment banking department of Morningstar Consulting Company, Asian Development Bank and Macquarie Bank. SCDA: Hello, senior brother! Thank you very much for taking the time to interview us this time. Laolanmao: You're welcome. Let's chat casually. I will tell you everything I know. I hope it can be helpful to future juniors and juniors.

SCDA: When I saw my senior’s comments on our first draft, I immediately admired him. He knew a lot about investment banking and gave us so many valuable comments. Then how does senior brother usually accumulate this information? Laolanmao: This is mainly due to my four-month internship at Macquarie, which gave me the opportunity to truly feel how investment banking operates. In addition, since I am a student majoring in finance, I naturally have a lot of experience in this area. Information is more concerning. If you want to know more about this industry, you can find some books to read by yourself. They can be financial textbooks, financial magazines, or even "idle books" such as novels. They are written in vivid and humorous ways. Might be easier to understand. Here I recommend two "idle books". One is called Monkey Business: Swinging Through the Wall Street Jungle. It has an English version at the China-America Central Library and a Chinese version in China. It's called "Wall Street Dream Chasing Records" and is published by Machinery Industry Press. It tells the work experience and mental journey of two MBA graduates from prestigious schools in the United States who joined Wall Street's big investment banks as associates. It introduces in detail all aspects of the work of the Investment Banking Department (IBD), and the writing is very humorous, making you unable to put it down. . After reading this, you will have a clear understanding of the work content of IBD. An associate at Credit Suisse First Boston once strongly recommended this book at a seminar at Peking University. Another book is the famous Liar’s Poker. There is an electronic version online. If you can’t find it, you can ask me for it. There is also a Chinese translation. This book describes the life of the Sales and Trading Department (or Fixed Income Department, FICC), another important department of the investment bank, and records the rise to decline of Salomon Brothers, the most powerful company on Wall Street in the 1980s. It is an important step in understanding FICC. A rare good book. I also recommend a classic article among classics: "Life: Still Running on the Road - Tow's Job Search Journey" written by Tow from Guanghua Financial. This article is not only the best guide on how to find a job in an investment bank, but also a passionate and inspirational article. It is difficult not to be moved after reading it. SCDA: How do we find the ideal internship? Laolanmao: Compared with NTU and Beiqing, which have resumed diplomatic relations, our geographical disadvantage is too great. In addition, the alumni network is not as strong as theirs. This determines that if we want to find an internship as good as the students who have resumed diplomatic relations with Beiqing, we have to Must work harder than them. I think the biggest secret to finding an ideal internship is: BE PROACTIVE, PROACTIVE and PROACTIVE! Laolanmao: In layman's terms, it means to use all resources, try every means, lose face, "shameless"