When you are applying for a job, you need to start working on the necessary documents required for your application. Now that your resume is all set for introducing your qualifications, skills, and experience. The next step is writing a cover letter to reach out to your future employer. Previously, on Fratres, we have published samples of some professional cover letters to help maximum applicants apply with confidence for different industries. Today's tutorial is about writing an investment bank cover letter. It sounds interesting.

How to Apply for Investment Banks?

Let's start by figuring out what investment banks are. In simple terms, they are private financial institutions that facilitate the raising of capital for governments and large corporations in global markets. It also provides consulting services during the sale and purchase of a business. The Commercial Bank can help in trading bonds and shares by providing brokerage services. Finally, investment Banks assist in dealing with financial instruments, goods, and currencies and prepare analytical reports on the markets they operate in. Let's take a look at the difference between investment banks and commercial banks.

Applicants for these financial institutions should be

-Accountants: bank recruiters are always hiring accountants. If you are applying as an accountant, write your cover letter following the Tips for Writing an Entry Level Accounting Cover Letter With Example

-MBA graduates: for business arrangements, MBA graduates are required to establish different financial services.

-Financial consultant: offering advice is necessary to analyze specific financial procedures such as loan supplies. They also calculate the financial risk of particular projects.

-Investment Bank Clerks participates in creating new themes of the economic activity, as well as reorganization, dealing with clients and other project owners. Take a look at Skills Required for Clerk Jobs That Make You a Good Candidate

Investment Bank recruiters are interested in three professional profiles:

• Business-oriented applicants that focus on mobilizing money for large corporations.
• Customer-service applicants who can elaborate faithful clients dealing only with this specific bank and not with others. Customer –service applicants are essential for the growth of clients' rates. 
• Lawyers and attorneys: legal procedures are necessary to secure the financial arrangements between investment banks and their clients. Here is  How to Write a Legal Job Cover Letter?

Investment Banks Work Environment

It should be noted that these institutions do not accept deposits. They focus on relating securities and collaterals. Their income is generated through commission fees or prepayments for specific amounts that do not depend on the performance of financial activities. These banks also work as agents that get part of the project's securities, in cases where they think the company is going to act successfully to be able to make money.

When a position occurs, or there are job vacancies, applicants should consider the terms and conditions and responsibilities specified in the job description.

Investment Banks Resume for Freshers:

Before crafting your cover letter, create a resume that includes your contact information, experience, qualifications, and skills.

Investment bank career objective statement:

This section comes after putting your name and contact information on the top of your resume. A career objective is always written with the 3rd person narrator, describing your skills and professional intentions. Here are some examples;

-A fresh MBA graduate, having achieved four months of internship in multinational companies, can handle finances and business consultancies. Applying as a business consultant in ABC investment bank.

-A certified accountant with three years of experience, seeking a bank position at ABC bank, punctual, flexible, and coming with high professionalism for the suggested location.

Follow more tips, from here How to Make a Resume for Freshers?

Investment Banks Cover Letter Writing Tips:

What draws the recruiter's attention is how you describe your skills and experience and what you can do as a potential employee.

As many hiring managers go for that section, we recommend you to highlight that point as follows:

My name is XYZ. I am applying as a bank clerk.

In the second paragraph, you need to focus on a bank clerk's financial services:

These include:

I can carry out many banking roles. I can assist clients and introduce them to the best financial options. I can also provide the daily teller reports and achieve all the administrative staff.  

Let's take a look at a general sample:

Investment Bank Cover Letter Example for Freshers

Your name

Phone Number

Address

Email

Date

Employer's Name

Employer's Job Title

Company's address

Dear Mr./Ms.(employer's last name)

My name is (XYZ). I am a recent MBA graduate with honors. I am applying for an entry-level investment analyst position at GR bank. My previous internship experience lasted six months, in which I acquired managerial skills, the ability to handle teamwork and expertise in accounting, financial statement analysis, and business analytical skills. I know six months of internship at ABC firm may not be enough as an initial experience.

However, I would like to inform you that I have been working as a part-time call center agent for two years before obtaining my MBA. This experience taught me how to deal with clients, meet the industry's goals, and invest my business expertise in establishing long-term ties to specific sectors of the economy.

My decent professional journey helped me enlarge my knowledge in the business field. It has also developed my skills and made me very organized and able to manage multiple activities.

My reasons for this are to get a professional opportunity in capital markets, in institutions that push small enterprises to invest new talents and help small business people to prosper and contribute to the development of different vital sectors that bring benefits to people and society.

I am interested in getting a job in an institution that grants all these rewarding benefits. I am applying as ( mention the job position in this investment bank) with my hope to get hired soon. I invite you to check my resume. Please contact me through (phone number) or ( email address).

I am looking forward to meeting you in a job interview to discuss my application.

Best regards,

Your signature

Your name.

That was an investment bank cover letter for MBA graduates. Please put the necessary changes when it comes to applying for another banking position. You can visit Fratres for similar articles and examples.