Best Paid Young Bankers

While there are a huge number of traders and financial professionals, only a few rise to stratospheric heights early in their careers.

this website is created for young people who want to do investment banking, I would like to share with you the profiles some outstanding banking youth. I’ve chosen those who did exceptionally well at bulge brackets.

Source: Forbes

(1) Moran Baldar, 27

Vice President, Goldman Sachs 

Baldar is a vice president at Goldman Sachs, after having been a trader at JPMorgan Chase.

Only 27, she runs the bank’s equity index derivatives desk for the developed markets, acting as a market maker in S&P 500 and similar options.

Baldar is a graduate of Columbia University, and grew up in New Jersey after moving to the US from Israel at a young age.

(2) Simon Drake, 29

Vice President, JPMorgan Chase 

Drake is yet another young vice president at JPMorgan Chase.

He’s a top market maker in the corporate bond market, which means that he’s responsible for hundreds of millions of dollars of trades every day in investment grade corporate bonds.

He’s been with the bank ever since he graduated with an economics degree from Harvard.

(3) Harry Greene, 29

Vice President, Goldman Sachs

Greene is also a vice president at Goldman Sachs, and at 29 is two years older than Baldar.

He is responsible for overseeing a major portfolio at the bank’s investment strategies unit, which acts as a hedge fund.

He specializes in investments that involve arbitrage of merger risks, as well as distressed debt.

(4) Joan Payson, 27

Vice President, Equity Research, Barclays

Interned at Bloomberg and Macquarie, Telecommunications, Media, Entertainment and Technology Investment & Merchant Banking. Joined Macquarie as full time analyst directly from graduation.

(5) Scott Travers, 29

Vice President, JPMorgan Chase

At the ripe old age of 29, Travers is a vice president at JPMorgan Chase.

He manages a $9 billion portfolio, providing private wealth management for other hedge managers and investment bankers. When financial professionals trust you with their money, then you know that you are a star.

(6) Xing Yuan, 28

Vice President, Morgan Stanley 

Vice President, Morgan Stanley, Heads investment bank’s commodities index trading. Born in Beijing, moved to the U.S. at age 10. Black belt in Taekwondo and member of U.S. junior national team for bridge. Graduated from the Massachusets Institute of Technology with a math & finance degree.

New Analysts and Associates at Goldman Sachs

Many students want to get an entry-level job at Goldman Sachs. Are you one of them? If yes, then you may want to know the profiles of those being hired and compare with yours. 

In Q3, 2014 Goldman Sachs seems to have hired an unusually large number of analysts and associates. So, who were in Goldman’s swollen 2014 analyst and associate pool? As ever, it’s possible to track the firm’s recent hires as they’re registered on the Financial Conduct Authority (FCA) Register. Registration usually occur couple of months after individuals arrive on the job. According to Goldman Sachs’ registrations, many of the people they hired have excellent academics, but some did have other facets that made them appealing.  Let’s quickly meet 11 of them.

Source:  efinancialcareers.com

What makes them special?

1. Anne-Lorraine Imbert
Analyst – M&A

Anne came straight to Goldman Sachs from a five-month M&A internship at JPMorgan in Paris. She graduated from Sciences Po, one of France’s top universities, in June 2014. She also spent a year studying abroad at Rutgers, the State University of New Jersey. As we’ve noted before, Goldman seems to favour students who’ve spent some time studying overseas.

2. Markus Pops 
Analyst – division not clear

Although Pops’ precise role at Goldman is unclear, he’s worth highlighting due to his sporting prowess. Estonian-born Pops is a top international junior tennis player who has been competing on the international circuit since at least 2006.

3. Milana Shapira
Analyst – division unclear

Shapira speaks English, French, German and Bulgarian fluently. She has a first class degree in biology from Imperial College London and spent eight years of her schooling overseas, in Karlsruhe, South-Western Germany.

4. Thomas Sukno
Analyst – IBD

Sukno gained cosmopolitan credentials while he was still a student. He spent one year studying at University of California, Los Angeles (UCLA), a year at the University of Wisconsin and two years at HEC in Paris. Before arriving full time at Goldman, he completed a five-month off-cycle internship at Lazard.

5. Jeroen Van Dorp 
Associate – IBD

Van Dorp completed his MBA at Columbia Business School, which is one of banks’ favourites. A former professional basket player in the Netherlands, he started out as a corporate lawyer, before becoming a private equity ‘consultant’, before completing his MBA and moving into banking.

6. Vitalii Likhanskyi
Analyst – M&A, specializing in TMT and Industrials

Likhanskyi is that thing that all banks want to hire now – an experienced junior M&A analyst. He joined Goldman after just fifteen months on Bank of America Merrill Lynch’s M&A team. He interned at BAML in 2012 and has also completed M&A-related internships at KPMG and Rothschild,

7. Gurneet Chohan
Analyst – fixed income currencies and commodities

Chohan was as a summer analyst in Goldman’s FICC business before she joined full time. She was also a spring intern at Goldman Sachs and a ‘winning spring intern’ at JPMorgan. She spent a gap year working for KPMG (where she won an award for ‘consistently outstanding performance’) and she was president of the women’s football club whilst at Warwick University.

8. Alexander Doell 
Associate – IBD

Doell completed his MBA at the London Business School (another of banks’ favourites). Before he embarked upon the MBA, he spent 27 months as an associate at Boston Consulting (another blue chip name). He studied his Bachelor’s degree at the European Business School in Germany, but also spent a year at the Richard Ivey School of Business in Canada (thereby satisfying Goldman’s partiality for a cosmopolitan study-profile).

9. Bart Van Schuppen
Analyst – IBD

Van Schuppen also studied internationally. He completed a Bachelor’s at Tilburg University in the Netherlands (Econometrics & Operations Research) before spending a term at the University of South Carolina and then returning to Tilburg to study a Masters Degree. He was a summer analyst at Goldman before he joined full time and spent three months before that on a trainer-wheels internship with a small Dutch corporate finance boutique.

10. Albert Martienssen 
Associate – IBD

Albert completed his MBA at the MIT Sloan School of Management, which is also among banks’ favourite MBA schools when it comes to hiring. He was a summer associate at Goldman Sachs before joining full time and like Alexander Doell (number 8), his pre-MBA career involved being an associate at the Boston Consulting Group where he specialised (among other things) in financial services. Interestingly, Martienssen seems once to have toyed with the idea of proprietary trading (he spent three months as a prop trader at DZ Bank) before giving it all up for consulting and advisory banking.

11. Aurelien Benoit
Associate – IBD

Benoit completed his MBA at INSEAD. This ranks 12th on our list of top MBA schools for banking, but has a good reputation internationally. Interestingly, Benoit seems to have moved against the tide (which usually flows from banking to private equity) by spending six months working for private equity fund Ardian after his MBA before moving to Goldman.

 

 

About Inside Investment Banking (IIB)

Inside Investment Banking (IIB) – I refer to this website very often. Why?  Because I know them, I mean I know some of the bankers there, who are very enthusiastic in helping students to break into investment banking.  One of the reasons being they’ve walked through the way and know what and where the challenges are.  And they’ve created a comprehensive course from networking to resume writing to interviewing skills needed to start an investment banking career.

If you’ve invested in other courses or ebooks already, you’re probably wondering;

“Why the heck should I buy another course? Do I really need this?  What makes it different to everything else out there?”

There are 4 big things that make it different. And I do want you to know.

Unlike other courses, the IIB course…

(1) Teaches ALL 6 skills you need to break into banking, so you don’t slip up at a crucial stage, e.g. during networking or your summer internship.

If you’re missing just 1 skill, bankers will notice.

(2) Takes you behind the scenes of recruiting and inside the minds of bankers, so you know how to stand out in a sea of 100s of students.

This is the INSIDER info you need to know in order to compete with all those 4.0 GPA students from Harvard.

(3) Shows you how to break in even if you’re from a non-target school OR you’re an international student trying to break into Wall Street or The City.

And IIB also shows you how to land interviews if you lack finance work experience or a business degree (engineering & arts students love this).

This is the #1 thing students love most about the course.

(4) Teaches you how to make bankers like you, so they pass on your resume, invite you to interview early and put in a good word for you during superdays.

(Believe it or not, but likability matters more than smarts when bankers start deciding who to hire)

If this course sounds like it can teach you something you haven’t already learned, then click here to study it risk-free for the next 30 days.

How to compete with all the Ivy League students

If you think that you are less competitive to the Ivy League students, then you need to think again.  By  learning all 6 recruiting skills and knowing exactly what goes on inside bankers minds, plus how to impress them and make them like you, you’ll finally be able to compete with all the Ivy League students with perfect GPAs and insider connections.

So now you know how the course is different, let’s take a look at exactly what you’ll get when you sign up today…

…click here to see exactly what you’ll learn about breaking into banking.

Degrees for Investment Banking

Very often people ask me this question: What degrees for investment banking are needed? There is no investment banking major at any college. So let’s look at some real figures to give you some references.

CFA: 80 per cent of my candidates have this professional qualification.

MSc / MBA: 80 per cent of my candidates have one of these qualifications.

At entry level, investment banks may not set these as pre-requisites. But you would need them if you want to further develop your career in investment banking.

To start an investment banking career, personality fit rates higher than technical skills. Skills can be trained, personality is not likely. However at the end of the day, you are advising others on how to get the most from their finances, and how to make their money work for them, so understanding the basics of finance is crucial to being able to adequately advise your clients and, thus, be successful at your job.

Although there isn’t any particular degrees for investment banking, banks generally give preferences to those studying finance related subjects.

More numbers for your reference. Benchmarking website Emolument.com analyzed 706 investment banking directors by salary suggested that finance and business students are hired in far greater numbers than anyone studying softer subjects. 34% of the sample it analyzed majored in accounting, business or finance, 24% studied economics. After that, percentage figures get a little negligible.

11% of IB directors have maths and statistics degrees and 10% are engineering graduates. The fifth and sixth most common degrees are chemistry and computer science, but they account for just 4% and 3% of the total respectively.

What if I don’t have any of the above degrees? And what if I don’t come from an Oxbridge University? And what if…

Well, investment banking is a people business, skills can be trained, and personality cannot. If you have the right personality fit, chances are still there. In fact, investment bankers receive a great deal of their training through their employers.

There are even real cases like these.

Peter Redhead, Global Head of Research at Macquarie Group (former head of Asia Equities at JP Morgan), studied Geography at Durham.

Peter Sullivan, the former CEO of Standard Chartered Bank, studied Physical Education at New South Wales University.

The present Japan country head of a US Hedge Fund, studied law at university and has only one bachelor’s degree.

A basic university degree is your key to investment banking. Additional factors determining your success will include opportunities, your skills on networking, your capabilities on multi-tasking and problem solving. However to increase your competitiveness, CFA is highly desired.

How can I learn more about becoming an investment banker?
You can learn more about the requirements and training process to become an investment banker by visiting the websites of large investment banks like Goldman-Sachs and J.P. Morgan. These companies detail the various programs they offer for undergraduate students, graduate students, recent graduates, and experienced professionals.

If you are currently in college, you may be able to find someone in your school’s alumni network who can talk to you about becoming an investment banker. Learning more through this process can also be a good way to build your professional network.

Want additional guide about networking with bankers? Inside Investment Banking has a training course which will walk you through step by step networking strategies.

Largest Investment Banks

If you type ‘largest investment banks’ in Google, you’ll come up with these names. Indeed, if you want to start an investment banking career, these are the banks you should look at. All of them have programs for students and graduates. I’ve captured their career sites. For your quick and easy reference, feel free to bookmark this page.

  1. Goldman Sachs
  2. Morgan Stanley
  3. JP Morgan Chase
  4. Bank of America Merrill Lynch
  5. Deutsche Bank
  6. Citigroup

More Banks

Apart from the largest investment banks, there are large investment banks that offer programs for students and graduates.

  1. HSBC
  2. Schroders
  3. UBS

About Goldman Sachs

People who want to work for investment banks, want to work for Goldman. Why?  Let see what people say.

Pros – Hard working smart people to work with.

Cons – Work life balance may be compromised.

Having Goldman Sachs on your resume is a great asset. Most people think highly about this company because it has been a part of many high profile M&A and IPO deals and is known for its extensive recruiting practices and hardworking culture. So having this brand on your resume will convey many positive qualities to recruiters. If you get an offer here, definitely take it….source: Glassdoor

Reviews could be personal. However across the entire internet, you’ll find reviews like these about Goldman Sachs. They are as true as the sun rising from the east. If you are serious about building an investment banking career, start by looking for an intern opportunity at Goldman.

About this Website

If you are not success in setting your feet into Goldman, try other large investment banks. Surely the number of students who want to join Goldman is more that the number of vacancies they have. This website is created to help students and graduates to write resumes that bankers love and to start a banking career in one of the largest investment banks.




How To Get Into Investment Banking

What Does An Investment Banker do?

Before learning how to get into investment banking, let see what an investment banker does.

When corporations and municipalities want to raise capital to fund their operation, they go to an investment bank for assistance. An investment banker works with these entities to underwrite, or find buyers for, securities like bonds or stock to raise the capital the organization needs.

In addition to underwriting securities, investment bankers can usher corporations through complex processes like initial public offerings or mergers and acquisitions. To do this successfully, they must be well-versed in the behavior of financial markets and in the legal requirements that investment banks and their clients must meet for each process.

There is no investment banking major, and advice on how to become one is scarce. But by looking at the skills necessary to successfully practice as an investment banker, you can narrow down the degrees that will best serve you in your future career goals.

Networking with Investment Bankers 

Although this website is named investment banking resumes, but resume writing is only Step One of how to get into investment banking.  There is a Step Zero, which is Networking.

Investment banking is a people business. If you do not enjoy dealing with people, or if you do not enjoy networking, then it may not worth your time finding out how to get into investment banking.  In short, there may be some other career options that will suit you better.

Why Networking?

Knowing the process of how investment banks recruit, you’ll know how and why ‘networking’ comes before writing a resume.

Large investment banks recruit prospective analysts and associates from top business schools, and often fill these positions with interns who have worked with them as summer analysts or associates. Therefore, you must concentrate heavily on networking while still in school.

Networking through Alumni Network

People tend to give more attention to those younger ones who came from their same school. Hence, your school’s alumni is always the best to start with.  If you are currently in college, you may be able to find someone in your school’s alumni network who can talk to you about becoming an investment banker. Learning more through this process can also be a good way to build your professional network.

As your network grows, you will increase your chances of meeting someone who can offer you an opportunity to interview for a position. If you do not attend a highly-rated business school, you will need to work hard to build a network on your own by reaching out to family members, friends, acquaintances, professional associations.

How to Get into Investment Banking by Utilizing IB Career Sites

You can learn more about the requirements and training process to become an investment banker by visiting the websites of large investment banks like Goldman-Sachs and J.P. Morgan. These companies detail the various programs they offer for undergraduate students, graduate students, recent graduates, and experienced professionals.

Pay attention to their recruiting calendars and set a goal to acquire an intern role. Some banks may pay interns only some basic allowances, but not real salaries.  But this is a critical milestone for anyone who wants to develop an investment banking career.  If you were offered an opportunity, do take it, without any hesitation.

List of Largest Investment Banks.