Friday, March 6, 2009

Full-time Jobs & Internships


With U.S. unemployment at its highest in 25 years, it is going to be a difficult and competitive hunt for your next full-time job or internship.  Investment banks are under heavey scrutiny and reform and the credit markets are frozen.  Businesses in all areas of our economy have been and are being effected.  Right now, more than ever, you need to be proactive in your networking and take full advantage of every resource available.  

Here are some links to important resources and some pieces of information I hope you already use, but in case you don't or have forgotten, I hope you begin to take full advantage these websites.  I am also going to list some alternative ideas that you might want to consider.

Job Websites

Make sure you are signed up and actively using the following websites:

1) Doostang.com - I recommend signing up for their Premium Job service.  They typically have a lot of great jobs and internships posted for undergrads or grads just out of college.

Networking

Use the websites LinkedIn and Facebook to your advantage.  When you see a job posting you are interested in, type the company name into these websites and find out if you know anyone at these companies or if you know someone who can make an introduction for you.  Just sending your resume in will not cut it in today's job market.  You need a personal connection or in to really be considered.  Plus, Facebook groups typically have a lot of group chatter and posts that might be helpful.

3) Contact your college career center in order to get in contact with alumni

Investment Banks That Are Hiring

Here is a list of investment banks I have seen postings for recently:

- Iron Capital Partners, San Francisco
- Accordion Partners, New York City
- Kaufman Bros., San Francisco
- Fox-Pitt Kelton Cochran Caronia Waller, New York City
- Sonenshine Partners, New York City
- Energy Merchant Bank, New York City
- Leerink Swann, Boston
- Grisons Peak, London
- Taylor-DeJongh Inc., Washington, DC
- America's Growth Capital, Boston
- ThinkEquity, San Francisco
- Bentley Associates, New York
- Clayton Capital Partners, St. Louis, MO
- Lazard, San Francisco & New York City
- Rothschild, New York City & Washington DC
- Financial Technology Partners, San Francisco
- Arbor Advisors, Palo Alto
- Gemini Partners, Los Angeles
- Callisto Partners, West Palm Beach, FL
- Demeter Group, San Francisco
- Credit Suisse, San Francisco

Alternative Ideas

Here are some alternative ideas for entering the investment banking field.

1)  Get into a top MBA program a few years down the road and come in as a full-time associate.  There are many ways to get into a top school.  You just have to make sure you clear the hurdles of having the GPA requirement, 700 GMAT, write great entrance essays, and an interesting story to tell

2) Work for the US Government and the FDIC or another financial regulatory group, such as the SEC.  FDIC is hiring as the Federal Bailout continues to take off .  The government needs to hire more people to manage different processes and programs that are going into place to manage their investments.

3) Work for a merchant bank.  Keep up your finance skills by learning the art of financing.  These jobs can require some travel, but are typically a 9-5 type of job which would allow you time to study for your CFA, Series 7, 63, GMAT, GRE, etc.....

4) Apply and begin studying for additional certifications and tests such as the CFA, Series 7, 63, etc..., GMAT, GRE, or any other designation or certification that could help you get a step ahead of your peers.

5) Get international experience by living abroad for a few months and learning a language.  Or if you already know a language get an internship working abroad.  This always makes for an interesting story and the experience is worth it!

6) Sign up for a class like Training the Street or Investment Banking Institute or another local program to learn advanced financial modeling.  You can also sign up to do the Swiss Finance Academy.  

There are many options in today's world.  Although the world is different today then it was the previous few years, there are still plenty of opportunities and jobs to choose from.  Work hard, network, and be prepared for the opportunities when they present themselves.

Feel free to post alternative ideas or feedback to this post.


8 comments:

Bankingorbust said...

Where Are The Opportunities In Finance?
By BankingorBust, LLC

First came the write-downs, then the layoffs. So the question remains: are any investment banks hiring?

As a job seeker, two factors will work in your favor...

Read more at Bankingorbust.com

Mike said...

What about Visual CV.com and http://www.mayomann.com which allow Video Resumes to upload secure and use in the applying process?

PropertyMalaysia said...

What about www.trilioninvestment.com

Do they apply you additional knowledge in investment?

Shabbeer said...

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So this blog really doing great for me.


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Investment Banking Infrastructure said...

Hi,

With some experience on the financial field, you can get full time job easily, CFA certificate is most important for you. You can be eligible for abroad jobs with some skill on market research. Thanks a lot.

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