One of the most important approaches to resume writing for investment bankers is to always include details. Conventional resume habits have prompted many job seekers to include a job title and list bullet points with the duties required for that job title. All the solid writing advice about creating specific work descriptions and avoiding vague generalities about job duties apply to anyone who is looking for a job.
The rules may vary by industry and experience for resume length, but the investment banking industry seems to like one-page resumes, without exception. Because most candidates are trying to find the right wording or experience highlight that will give them an edge over competitors, it is tempting to add more than is necessary. Even if a candidate managed to be a superstar in his previous career as a sports journalist, he must accept that these accomplishments do not push him to a lead position in investment banking.
Sometime, the exception may be a banker who has served as a director or executive-level manager. He may need to show his responsibilities across different roles, and that may required two pages. The rule of resume pages also means that an additional page should be a full second page. Cutting the resume at one-half page or one-fourth page is not attractive. Anyone who qualifies for a two-page resume should make sure he has enough information to fill a second page.
2. Is there a specific order that I should place the information in sections on my resume?
This always depends on whether a candidate is in school or recently completed school in the last few months. If this is the case, education should be highlighted first on the resume. This gives the hiring manager a clue about length of experience. Someone who has been out of school for a while should place this information in the last section of the resume along with a technology summary and certifications. When listing work experience, the most recent jobs should come first and other jobs should be listed in decreasing chronological order.
3. Are mission statements or objectives required?
Wall Street does not applaud mission statements. Hiring managers view them as fluff and a delay in getting to a candidate’s real experience. While objectives are helpful to other fields, they are time-wasters on Wall Street.
4. Should I include this one high school experiences and other interests?
High school experiences do not matter for Wall Street resumes, unless they directly tell about a candidate’s ability to do something innovative in the financial field. The same is true of other interests. The goal is to keep the resume concise and relevant to the job. Most of the time, these things are not.
5. What is in a good cover letter?
Cover letters should never be too long. It is not an essay and should be concise like the resume. It is best to cover these things in a letter to a potential Wall Street employer.
Introduction: Up to 3 sentences about what job you are applying for and how you heard about the job.
Second paragraph: Introduction material and three bullet points that list skills and detail how those skills relate to the job.
Conclusion: Whyt think you are qualified and are appreciative of their consideration.