Killer Authentic
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Investment Banking Cover Letters - How To Write A Killer Opening by Richard (Inside Investment Banking)
How to write the 1st paragraph in a way that engages the banker and explains yourself succinctly
You want to cover who you are, what you're studying (including school name & year level), where you've worked (if you have an IB internship), how you found out about the job and what you're interested in applying for.
If possible throw in a hook here. Basically anything that will make your opening paragraph 'alluring'.
For example, drop the name of a banker you know at the bank who told you to apply or anyone there who mentioned the program to you.
The beauty about this is it works perfectly even you've only met the banker once when out networking.
Length: 2 lines of text, max 3.
4 tips for the "I'm fantastic" 2nd paragraph that will make you look like Baby Banker material, but not arrogant
For this paragraph show off 3 things; your education, work and extracurricular track record and how these have readied you for IB. i.e. what you are doing and what you have done.
But you only have 3-4 short sentences to do this. That requires some heavy 80-20ing.
To achieve this start by only focusing on the parts of your track record that heavily suggest you have skills relevant to IB and a burning passion to be a banker. Consider having a look at the 21 Baby Banker Qualities as this details everything bankers look for when deciding whether to hire a college student.
If you can dig up a memorable hook here that shows both skill and passion you'll be miles ahead.
A 10 word sentence that mentions a prestigious bulge bracket banking internship is almost all you need! Throw in the name of your target school and you are home. Doing this will also "show, not tell" your qualities.
If it's not already clear here, this paragraph is simple
You want to simply mention;
1. Your education and how this has given you the quant-qual skills needed to perform as an intern or analyst. Consider sneaking in your level of achievement here as proof; eg high GPA, award, class rank.
2. Your work and how this has equipped you with the right skills and experience for IB. If you can do this whilst talking about a specific work achievement (eg a project you lead) it will clearly have more punch and authenticity.
3. And if space, mention an extracurricular and how this has taught you leadership/team skills. i.e. try to mention a leadership position you held in a sports team or college club. But our advice is only include this if your work experience is weak - something very possible if you are a young college student applying for an internship.
Leave the rest for the interview.
It worked for us monkeys (target school + BB internship + debating team) and it will work for you.
In terms of order, only write about your work first if you have done a serious internship.
Finally, stick to writing about your most recent achievements/positions - which is anything that's happened within the last 2 years.
Length: 3 lines, max 4.
About the Author
Richard is the head writer for Inside Investment Banking - a one-stop shop of advice for students just like you who want to know how to break into investment banking without a 4.0 GPA from Harvard or nepotistic connections on Wall Street.
Created by a team of 5 young bankers, Inside Investment Banking contains all the real insider advice you need to write killer banking resumes, answer tough interview questions, network with bankers and much more.
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