Investment banks are one of the biggest feeders of talent into business schools around the world. Investment bankers have consistently earned a reputation as quant jocks with powerful academic pedigrees and great senior leadership exposure. With backgrounds like this, it should come as no surprise that bankers flood campuses at elite MBA programs across the globe.
With such great numbers comes challenges as well. Many schools could easily fill a classroom with qualified bankers if they so chose, but with diversity of experience being such an important component of a quality MBA student community, schools seek instead to balance out the student body with people from various career backgrounds. As an overrepresented applicant pool, bankers must think strategically about how to position their candidacy.
Let’s explore some of the things to keep in mind as you construct your application as an investment banker:
I know this is easier said than done, but with so much competition coming out of investment banks, it is important to find areas within your application that will distinguish you from the hordes of other applicants from your bank and others. This does not need to be limited to just the professional arena either, so explore the personal side of your credentials as well. Focus on highlighting areas where you have made an impact in your personal or professional careers to separate you from the masses.
Personalize Your Profile:
One of the biggest mistakes many bankers make when applying to business school is focusing exclusively on their professional career. This is a negative knock on professionals from this industry, so grab the admissions committee’s attention and go the opposite way by personalizing your application process. Business schools truly evaluate candidates in a holistic manner, so take advantage of the more personal touch points of your application, such as the essay, interview, and short answer questions to tell your story. Utilizing these aspects to humanize your profile is a great way to stand out from the competition.
Another useful way to distinguish yourself from other MBA candidates is to highlight your history of engagement outside the work place. Schools see candidates who have this track record as likely to continue this trend as future students and alumni of their programs. Also, with the long hours bankers tend to work, many are unable to take on meaningful extracurricular opportunities – go against the norm here, and develop some experience in this capacity outside of the office to further differentiate your profile from other bankers.
Follow the tips above to stand out from your competition in the investment banking industry.
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Dozie A. is a Veritas Prep Head Consultant for the Kellogg School of Management at Northwestern University. His specialties include consulting, marketing, and low GPA/GMAT applicants. You can find more of his articles here.