Investment Banking Cover Letter Sample (Also for Internships)

Investment Banking Cover Letter Sample (Also for Internships) Youre about to compose a job-winning investment banking cover letter.Whether you want to become a boutique investment analyst or get a lucrative JP Morgan internship, youre a high-value commodity.But firstThey need proof.To get them to invest in you, you must write a perfect finance cover letter you can bank on.Dont worry.This investment banking cover letter guide will show you:Investment banking cover letter examples better than 9 out of 10 others.How to write a perfect cover letter investment banking institutions love.Tips on how to grab their attention with a professional finance cover letter.How to sell yourself on a cover letter to get the investment bank jobs you want.Want to write your cover letter fast?Use our cover letter builder. Choose from20+ professional cover letter templatesthat match your resume. See actionable examples and get expert tips along the way.Investment Banking Cover Letter for a ResumeSee more cover letter templates and create your cover letter here.One of our users, Nikos, had this to say:[I used] a nice template I found on Zety. My resume is now one page long, not three. With the same stuff.Create your resume nowWant to double-check your investment banking resume to be certain thats on point? Heres our guide on that: Investment Banker Resume: Sample Complete GuideMaybe you're looking for another positions? See other cover letter examples for jobs in your industry:Business Analyst Cover LetterBusiness Cover LetterConsulting Cover LetterData Analyst Cover LetterExecutive Cover LetterFinancial Analyst Cover LetterManager Cover LetterMcKinsey Cover LetterProject Manager Cover LetterRetail Cover Letter ExamplesSales Cover LetterWant to explore your options further? See our full selection of cover letter examples for every career:Best Cover Letter ExamplesFirst, heres our take on the perfect cover letter for investment banking analyst jobs:Investment Banking Cover Letter SampleCarmen Villanueva1234 35th St, #6Astoria, NY 11106March 1, 2 019Blythe SummersIB Hiring ManagerGoldman Sachs200 West St, 7th FloorNew York, NY 10282Dear Blythe,As the recent acquirer of an MBA from the Columbia Business School, I was excited to see the junior investment analyst opening. My previous JP Morgan internship experience has honed my accounting, risk, international markets, financial statement analysis, and financial modeling skills, and I know I have the knowledge required to take Goldman Sachs to the next level.During my JP Morgan internship, I further developed the investment strategy and finance skills I learned in my MBA program. My experience researching for foreign direct investment and up-and-coming tech companies make me an excellent prospect.At JPM, Ive had several proud achievements:Instrumental in research and analysis for a $5B software firm acquisition.Supported IPO initialization for 10+ startups onto NYSE and Nasdaq.Researched and captured data for 35 companies, successfully obtaining investment for 32 of them.As my w ins clearly demonstrate, I am very capable with the workings for investment banking, whether its for foreign investment or finding funds for domestic startup capital. If given the chance to join Goldman Sachs, I would bring that same passion for success.I would welcome the opportunity to discuss your investment plans for the coming year and show you how my wins at JP Morgan can easily translate to the same at Goldman Sachs.Sincerely,Carmen VillanuevaP.S. Id love to explain my formula for achieving 95% valuation recommendations and how I believe I can do even better with the vast resources available at Goldman Sachs. Perhaps over a coffee at that diner on 57th Street?How about that?Its solid and only just over 250 words.Writing a strong investment analyst cover letter that Warren Buffet would drool over is easier than you think. Read on to learn more!1Whats the Best Format for an Investment Banking Cover Letter?Preceding investment in the next unicorn, youll research, analyze risk, a nd do due diligence.Same hereBefore you start writing, you need to make sure your cover letter is properly formatted like the final draft of a 10-K filing.Heres a sample investment banking cover letter outline to use as a guide:Investment Banking Cover Letter TemplateFormat SampleYour personal contact detailsThe date of writingThe investment banks details in a business letter formatAn opening salutation(e.g., Dear Blythe,)An introductory statement that grabs their attentionA paragraph on how youre the perfect banker for the jobSeveral investment wins to prove youre more than capableA paragraph on why this specific financial firm is perfect for youA closing statement with a strong call to actionA complimentary close (e.g., Sincerely) and your nameIf you stick to this cover letter format, theyll see all alpha and no beta.How long should a cover letter be for investment banking jobs?Keep your investment letter of application to between 200300 words, depending on your previous experienc e.Thats plenty of space to talk up your work history and achievements.To read more about choosing the best investment advisor cover letter components, see this article: What to Put in a Cover Letter?2An Investment Banking Cover Letter Intro Finance Managers LoveSecurities, commodities, and financial service jobs are projected to increase 6% between 2016 and 2026 in the US alone, adding more than 23,000 jobs.What does that mean for you?You need to stand out like Jamie Dimon on a trading floor.For that to happen, write a Wall Street cover letter opening thatll put dollar signs in their eyes.Open with the hiring managers name.People respond best when hearing their name, according to MRI scanstheir first name, in particular.Heres how convoluted that is:Investment Banking Cover Letter ExamplesSalutationwrongDear sir or madam,rightDear Blythe,Easy as dollar cost averaging.Search the banks website and do some LinkedIn research to locate the hiring managers name.If you want to hedge and be more formal, their last name beats no name: Dear Ms. Summers.Cant find their name?No worries.Dear Hiring Manager is still much better than To whom it may concern!Dont care for the Dear part? Not able to find a name? Weve got other options for various scenarios: How to Start a Cover Letter: Sample Guide [20+ Examples]Whats next?Like the after-hours earnings announcement for Morgan Stanley, theyll be focused on your introductory statement.So you need to hook them. Otherwise, they wont read the rest.Heres how to start a cover letter for investment banking right:Cover Letter for Investment Banking Job ExamplesIntroductionwrongMy name is Carmen, and Id like to apply for the position that I found on Monster. I am a data-driven, results-oriented, passionate individual seeking to take me career to the next level.rightAs the recent acquirer of an MBA from the Columbia Business School, I was excited to see the junior investment analyst opening. My previous JP Morgan internship experience has honed my accounting, risk, international markets, financial statement analysis, and financial modeling skills, and I know I have the knowledge required to take Goldman Sachs to the next level.That first one is awfulIts all about you, greedy as Gordon Gekko, and full of gag-inducing cliches.The next one, though, starts with your background, segues cleanly into banking skills, and compels them to continue to the next paragraph.Thats a solid, blue chip investment!Pro Tip: Dont make a general cover letter for investment banking jobs. Tailor it specifically to this one bank and specific position to achieve the most impact. Want to apply at a second investment bank? Spend 10 minutes writing a new cover letter.There are other ways to go about your investment banker cover letter introduction. For more ideas, see: How to Write a Cover Letter: Sample Guide [20+ Examples]3Write a Great Middle for Your Cover Letter for Investment BankingNow, the main body of your cover letterLike banks wooing the next startup IPO during a beauty contest, youve got to sell yourself as the best investment bank candidate for the position.How?In the following 2 or 3 paragraphs, heres what you need to include:Explain why youre the best investment banking analyst candidate.Add numbers to prove a few impressive past achievements.Describe how the finance and research skills you have match what they need.Show them theyre the only investment bank you want to work for.Heres an investment banking cover letter sample body:Investment Bank Cover Letter ExampleBody ParagraphsDuring my JP Morgan internship, I further developed the investment strategy and finance skills I learned in my MBA program. My experience researching for foreign direct investment and up-and-coming tech companies make me an excellent prospect.At JPM, Ive had several proud achievements:Instrumental in research and analysis for a $5B software firm acquisition.Supported IPO initialization for 10+ startups onto NYSE and Nasdaq.Research ed and captured data for 35 companies, successfully obtaining investment for 32 of them.As my wins clearly demonstrate, I am very capable with the workings for investment banking, whether its for foreign investment or finding funds for domestic startup capital. If given the chance to join Goldman Sachs, I would bring that same passion for success.These three paragraphs are brief, but they are detailed and super impactful. It paints a clear picture for them like a perfect prospectus so they can easily see you as the next great investment analyst at their firm.Youll be making bank in no time!Pro Tip: Use keywords on your cover letter just as you did on your investment banking resume. Also, keep it legible by using the best cover letter fonts.Need more ideas on how to tweak these middle bits? Weve got all the cover letter dos and donts here: 35+ Professional Cover Letter Tips and Advice4How to Close Investment Banker Cover Letters Like a BossA transaction isnt finalized until you have that tombstone framed and a deal toy on your desk.Same hereA buy-side analyst cover letter isnt ready to send until you close it off and sign your name.First, lets look at a good closing paragraph:Investment Banking Cover Letter ExamplesClosing ParagraphwrongI look forward to speaking to you about my candidacy for the banking position at your earliest possible convenience.rightI would welcome the opportunity to discuss your investment plans for the coming year and show you how my wins at JP Morgan can easily translate to the same at Goldman Sachs.The first example is curt and roboticTheyll want you like they want negative carry.The second example, however, is just right. You are professional yet polite, and you close it off with a call to actionbut leave the decision to them.It attracts them like a great ROI.NowThe closing sentiment and your full name:Cover Letter Investment Banking ValedictionExampleSincerely,Carmen VillanuevaEasy as the Rule of 72!And lastly, a postscript.A P.S. b elow your name isnt necessary on a cover letter for investment banking.ButIts a great after the bell hack to steal their attention once more before they put your cover letter down.Heres an example postscript:Investment Analyst Cover Letter SamplesPostscriptP.S. Id love to explain my formula for achieving 95% valuation recommendations and how I believe I can do even better with the vast resources available at Goldman Sachs. Perhaps over a coffee at that diner on 57th Street?See?You add one more accomplishment here in case they werent sold before, and you entice them by promising them similar results.Finally, you add a nice personal touch and a friendly nudge for them to discuss.Thats as hard to ignore as an SEC investigation, but in a good way.Pro Tip: Are you writing a cover letter for investment banking internships? Keep the same advice in mind. Use the job description to assist you in writing your cover letter, and use wins and skills from your education and past jobs to make the deal happen.Looking for more ideas on how to end a cover letter for investment advisors and analysts? Weve a great guide right here: How to End a Cover Letter: Sample Complete Guide [+20 Examples]Key TakeawayNow you know that writing an investment banking cover letter that lands more job interviews isnt that hard.Lets put it all together.Heres how to write a perfect cover letter for investment banking jobs:Follow the right cover letter format.Address the bank hiring manager directly.Start with a compelling intro statement.Explain why you are the best candidate.Give some key achievements to stand out.Show them why you want to work at this bank.Close with a powerful ending statement.Use a postscript to grab attention, optionally.Now THATS an investment banking cover letter that everyone agrees has a solid BUY rating!Have any questions on how to write a cover letter for investment banking jobs? Not sure how to talk up your finance skills or relate your trading achievements? Get at us in the comments below, and well answer your questions. Thanks for reading!