Investment Banking Analyst, Mergers & Acquisitions at Wells Fargo
over 2 years ago
In no particular order, I would say the most important skills to be a successful investment banking analyst are: time management, ability to adapt quickly and multitask, and eagerness to learn. Coming from Davidson, it is important to put some extra time in ahead of the internship (and ahead of the interview process, for that matter) to nail some of the technical knowledge that you don't necessarily receive in the classroom.
There are a number of skills and qualities one must have in order to succeed in investment banking so I’ll start with a few. As a baseline, one must have a strong motor to work hard and the foresight to check your ego at the door with the understanding that this experience will not define you, unless you choose it to. I mention this because demanding hours and challenging superiors are the norm. However, working in this industry for a year or two in order to gain valuable experience can be worth it if a career in finance is what you are after. Now with that out the way, a great investment banking analyst couples that drive with a will to learn financial modeling and excel/powerpoint skills on the job. Sure you will receive training ahead of starting on the job, but nothing compares to the hands-on work you get once you join. The desire to want to learn is very crucial to being a good analyst. Lastly, the ability to think independently and creatively on an industry or topic is important as well. While there are parts to the job that demand you to work in excel, the work you do in powerpoint can be interesting as well as you craft a story for a company or industry. Thus being able to develop your on views, while not something expected day one, is an important skill to hone on the job.