Operational investment banker : Entry requirements

The entry into operations tends to be either as an administrator, who will need prior administration experience, but no specific educational background, or as a graduate trainee - who are normally known as analysts.

Typically the banks will accept applications from graduates of any discipline. Applicants from non-related disciplines will not be at a disadvantage, but they will need to show an understanding of and keen interest in the business.

The graduate schemes are very competitive, so most of the people they interview will have A grades at A-level plus on track/have achieved at least a 2:1 honours degree. Some employers require a first class degree.

Applications from people with postgraduate degrees are welcomed, though they are not likely to receive any preferential treatment. Those with MBAs and certain other postgraduate degrees plus two to five years of relevant work experience, may be able to apply for a higher level training programme as associates, but it’s worth noting that these programmes are usually aligned to front office roles.

Each bank will be looking for slightly different characteristics, but generally candidates for graduate programmes will need to show evidence of the following:

• the potential to achieve a leadership position;
• the ability to work well in a team;
• good communication skills, especially the ability to persuade and influence others;
• a strong customer service ethos;
• strong numeracy and analytical skills;
• a creative and innovative approach to problem-solving;
• attention to detail, plus excellent organisational and time management skills.

To be invited to interview the applicant will probably need a very full CV. An internship at an investment bank; positions of responsibility in societies or sport teams; part-time work alongside the degree; and evidence of sustained interest in finance, such as managing a shadow portfolio of investments would all be expected.

Competition for positions on graduate schemes is intense, particularly in periods of economic slowdown. The recruitment process is thorough and demanding, including interviews and assessment centres.

For more information, see work experience and internships and search courses and research.