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Breaking Into Banking

The Essential Guide to a Career in Finance

Medium: Buch
ISBN: 978-1-394-30502-5
Verlag: Wiley
Erscheinungstermin: 11.08.2025
vorbestellbar, Erscheinungstermin ca. August 2025

Discover how to get your start in the finance and banking industries

In Breaking into Banking: The Essential Guide to a Career in Finance, renowned finance and careers commentator Afzal Hussein delivers a concise and up-to-date roadmap to getting your start in the world of finance and banking. You'll explore the different divisions and areas of the industry—including investment banking, global markets, investment research, asset management, operations, technology, hedge funds, private equity, and venture capital—how they work, and what they do.

You'll also find information about typical career progression routes, working hours, industry culture, compensation expectations, exit opportunities, titles, roles, responsibilities, and more.

Breaking into Banking also provides:

- Actionable advice that improves your chances for success when applying for roles across the industry
- Strategies for effective networking, tackling imposter syndrome, and interview preparation
- Techniques for identifying the best and most suitable career path for you and your circumstances

Perfect for aspiring and young professionals interested in pursuing a career in finance and banking, Breaking into Banking is a must-read, no-nonsense playbook for jumpstarting your career in an industry that is as rewarding as it is complex.


Produkteigenschaften


  • Artikelnummer: 9781394305025
  • Medium: Buch
  • ISBN: 978-1-394-30502-5
  • Verlag: Wiley
  • Erscheinungstermin: 11.08.2025
  • Sprache(n): Englisch
  • Auflage: 1. Auflage 2025
  • Produktform: Kartoniert
  • Gewicht: 363 g
  • Seiten: 288
  • Format (B x H x T): 152 x 226 x 20 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Preface xiii

Acknowledgements xvii

About the Author xix

Introduction: From Council Estate to Goldman Sachs 1

Part I

The Industry 15

Chapter 1

The Industry Before and After the 2008 Global Financial Crisis 17

Chapter 2

Bulge Brackets Versus Boutiques 23

Chapter 3

Buy Side Versus Sell Side 29

Chapter 4

Asset Classes 33

Fixed Income (Debt) 34

Equities (Stocks) 34

Commodities 35

Currencies (Foreign Exchange) 35

Alternatives 36

Cash 36

Real Estate 37

Chapter 5

Divisions 39

Front Office 39

Asset Management 46

Investment Banking 53

Sales and Trading 57

Private Wealth Management 61

Investment Research 64

Middle Office 66

Back Office 68

Chapter 6

Roles, Responsibilities, and Career Progression 75

Executive Assistant 76

Analyst 77

Associate 79

Vice President/Executive Director 80

Director 81

Managing Director 82

Partner 84

Chapter 7

Salaries and Compensation 85

Chapter 8

Pros and Cons of a Career in Finance and Banking 89

Reasons for Building a Career in This Industry 89

The Downside of a Career in This Industry 93

Chapter 9

Private Equity, Hedge Funds, and Venture Capital 99

Private Equity 99

Hedge Funds 104

Venture Capital 109

Part II

Breaking in 113

Chapter 10

The Application Process 115

CV/Résumé 117

Cover Letter 117

Motivational Questions 118

Psychometric Tests 118

Interviews 119

Assessment Centres 122

Offers and Acceptances 122

Background Checks 123

Chapter 11

Spring Weeks 125

Why Spring Weeks Are Important 126

What to Expect During Your Spring Week 128

How to Secure a Spring Week 130

Making the Most of Your Spring Week 133

Chapter 12

Internships 137

Summer Internships and Off- Cycle Internships 137

The Importance of Summer Internships 140

Chapter 13

Graduate Schemes 157

Structure of Graduate Schemes 159

Career Progression 160

Work– Life Balance 160

Chapter 14

Cv/résumé 163

Structure 163

Keep It to One Page 166

What to Do with Low Grades 166

Templates and Formatting 167

Powerful Bullet Points 167

Quantifying Bullet Points 169

The Value of Relevant and Irrelevant Experience 169

Tips on Tailoring Your CV 171

Non- finance Candidates 173

Final Checks 173

Every Line Serves a Purpose 174

Chapter 15

Cover Letter 177

Structure 177

Personalisation and Specificity 178

Common Mistakes 186

Key Competencies 188

Review 188

Chapter 16

Motivational Questions 191

Chapter 17

Psychometric Tests 195

Chapter 18

Assessment Centres 199

Chapter 19

Interviews 203

Competency and Behavioural Interviews 204

Technical Interviews 207

Brain Teasers 211

Online (HireVue) Interviews 214

Telephone Interviews 216

In- Person Interviews 217

Final- Round Interviews 226

Chapter 20

Deciding on a Division 231

Skills and Strengths 232

Career Goals and Long- Term Growth 233

Personality Fit and Work Style 233

Work– Life Balance 234

Compensation and Incentives 234

Interest in Market Trends and Industry News 235

Learning and Development Opportunities 235

Client Focus versus Technical Focus 236

Division Culture and Working Environment 237

Exit Opportunities, Transferable Skills, and Mobility 237

Chapter 21

Linkedin and Networking 241

The Power of Weak Ties 243

How to Approach Networking 243

Leveraging Recruiters 244

How to Reach Out to Industry Professionals 245

Chapter 22

Tackling Imposter Syndrome 251

Conclusion 253

Index 255