As you dive into the competitive world of investment banking, drafting an outstanding cover letter can be a make-or-break step. You've updated your resume and started applying for jobs, only to realize a gripping cover letter is essential. It's not about echoing your resume; it's about showcasing a crowning professional achievement through a compelling narrative. Let's create a formal yet original cover letter together, succinctly fitting your story into one powerful page.
- Writing the essential investment banking analyst cover letter sections: balancing your professionalism and personality;
- Mixing storytelling, your unique skill set, and your greatest achievement;
- Providing relevant (and interesting) information with your investment banking analyst cover letter, despite your lack of professional experience;
- Finding the perfect format for your[ investment banking analyst cover letter, using templates from industry experts.
Leverage the power of Enhancv's AI: upload your resume and our platform will map out how your investment banking analyst cover letter should look, in mere moments.
If the investment banking analyst isn't exactly the one you're looking for we have a plethora of cover letter examples for jobs like this one:
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Investment Banking Analyst cover letter example
Jasmine Bell
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- Emphasizing relevant experience: The cover letter mentions spearheading a significant financial model, which showcases hands-on experience in executing high-value deals, a critical skill for the targeted role.
- Demonstrating impact: It highlights the candidate’s direct influence on corporate financial health and motivational strategies, indicating an understanding of both financial detail and employee incentive structures within a company.
- Specific results and expertise: Reference to precise financial forecasting and an 8-year tenure in investment banking demonstrates the candidate's depth of knowledge and expertise in finance, crucial for roles in M&A, equity, and debt financing.
- Personalizing the application: Expressing enthusiasm for the company’s mission and goals helps to establish a personal connection and show genuine interest in the company, which can set the candidate apart from other applicants.
Five tips on formatting your investment banking analyst cover letter
Do you want to make a good impression on recruiters and, at the same time, follow the best industry advice on writing your investment banking analyst cover letter?
Make sure to include the following:
- Header and Salutation;
- Introductory paragraph;
- Body paragraph;
- Closing paragraph;
- Signature (this one is up to you).
Remember to use the same modern, simple font for your investment banking analyst cover letter as you did for your resume (e.g. Lato, Rubik, etc.)
Ensure your investment banking analyst cover letter is single-spaced and is wrapped around a one-inch margin, like in our cover letter templates.
Once completed, use our cover letter builder to export your investment banking analyst cover letter in the best format to keep your information intact - PDF.
At the end of the day, your investment banking analyst cover letter won't be assessed by the Applicant Tracker System (ATS) software, but by the recruiters. Your information should thus be legible, organized, and follow a structured logic.
The top sections on a investment banking analyst cover letter
Header with Contact Information: This section should include your name, address, phone number, and email, ensuring that the recruiter can easily identify and contact you for follow-up discussions or interviews.
Opening Greeting: Address the letter to a specific person if possible, such as the Head of Recruitment or the Managing Director, to show that you have done your research and are serious about the position.
Introduction: Briefly introduce yourself and state your intention to apply for the Investment Banking Analyst position, highlighting your passion for finance and your understanding of the critical role an analyst plays in the industry.
Body with Relevant Experience and Skills: Detail your relevant educational background, internships, and work experience that align with the core competencies of an investment banking analyst, such as financial modeling, valuation, and analytical skills.
Closing and Call to Action: Conclude by reiterating your interest in the role and the value you can bring to the firm, and politely prompt further discussion by suggesting a meeting or phone call to talk in more detail about your qualifications.
Key qualities recruiters search for in a candidate’s cover letter
- Strong quantitative and analytical skills: Essential for creating financial models, valuing companies, and analyzing data to inform investment decisions.
- Exceptional attention to detail: Critical for ensuring the accuracy of financial documents, presentations, and models that inform client decisions and deals.
- Robust financial acumen and understanding of financial markets: Enables analysts to provide insightful recommendations and understand the nuances of various industries and market trends.
- Tireless work ethic and ability to work long hours: Investment banking requires a significant time commitment, often involving late nights and weekends to meet tight deadlines.
- Outstanding communication and interpersonal skills: Necessary for effectively building relationships with clients, presenting complex information clearly, and collaborating with team members.
- Resilience and ability to thrive under pressure: Investment banking environments are high-stress, and those who are unfazed by the pressure are more likely to succeed.
What greeting should you use in your investment banking analyst cover letter salutation
A simple "Hello" or "Hey" just won't work.
With your investment banking analyst cover letter salutation, you set the tone of the whole communication.
You should thus address the hiring managers by using their first (or last name) in your greeting.
But how do you find out who's recruiting for the role?
The easiest way is to look up the role on LinkedIn or the corporate website.
Alternatively, you could also contact the organization via social media or email, for more information.
Unable to still obtain the recruiter's name?
Don't go down the "To whom it may concern path". Instead, start your cover letter with a "Dear HR team".
List of salutations you can use
- Dear Hiring Manager,
- Dear [Investment Bank Name] Recruitment Team,
- Dear [Hiring Manager's Name],
- Dear [Mr./Ms. Last Name],
- Respected [Job Title of Receiver],
- Esteemed [Department] Department,
Your investment banking analyst cover letter introduction and the value you bring
Moving on from the "Dear Recruiter" to your professional introduction.
Use those first two sentences of your investment banking analyst cover letter to present the biggest asset you'd bring to the organization.
Don't go into too much detail about your achievement or the skill set, but instead - go straight for the win.
That is - what is your value as a professional?
Would you be able to build stronger, professional relationships in any type of communication? Or, potentially, integrate seamlessly into the team?
The middle or body of your investment banking analyst cover letter body: a great instrument to tell a story
Now that you've set the right tone with the greeting and introduction of your investment banking analyst cover letter, it's time to get down to business.
Hear us out, the body of your investment banking analyst cover letter is the best storytelling instrument you have, in your job-hunting arsenal.
Writing the next three to six paragraphs, take the time to reassess the advert to discover job-crucial requirements.
Next, choose one accomplishment that covers those key skills and talents.
Use precisely that achievement to tell an exciting story of how you match the ideal candidate profile.
In the undertones of your story or investment banking analyst cover letter body, hint at the difference you'd make and sell your application as the perfect one for the job.
Finishing off your investment banking analyst cover letter with what matters most
So far, you've done a fantastic job in tailoring your investment banking analyst cover letter for the role and recruiter.
Your final opportunity to make a good impression is your closing paragraph.
And, no, a "Sincerely yours" just won't do, as it sounds too vague and impersonal.
End your investment banking analyst cover letter with the future in mind.
So, if you get this opportunity, what do you plan to achieve? Be as specific, as possible, of what value you'd bring to the organization.
You could also thank recruiters for their interest in your profile and prompt for follow-up actions (and organizing your first interview).
Which story should you tell in your investment banking analyst cover letter when you have zero experience
Candidates, lacking professional experience in the field - this one is for you.
Your investment banking analyst cover letter is an exercise of integrity, honesty, and, above all, spinning a positive narrative around your strengths.
And what better way to capture recruiters' attention than with your most job-relevant achievement (this could be from your internship or volunteering experience)?
Make sure to back up your success with transferrable skills that are relevant to the job (e.g. how your year, studying abroad, has taught you to be more motivated and handle multicultural environments).
Another safe card you can bet on is your career dream: in the body of your investment banking analyst cover letter, go into the details of how your ambitions would help make the company you're applying for better.
Key takeaways
Writing your investment banking analyst cover letter doesn't need to turn into an endless quest, but instead:
- Create an individual investment banking analyst cover letter for each role you apply to, based on job criteria (use our builder to transform your resume into a cover letter, which you could edit to match the job);
- Stick with the same font you've used in your resume (e.g. Raleway) and ensure your investment banking analyst cover letter is single-spaced and has a one-inch margin all around;
- Introduce your enthusiasm for the role or the company at the beginning of your investment banking analyst cover letter to make a good first impression;
- Align what matters most to the company by selecting just one achievement from your experience, that has taught you valuable skills and knowledge for the job;
- End your investment banking analyst cover letter like any good story - with a promise for greatness or follow-up for an interview.
