Tag: entry-level job

How to Become a Public Relations Specialist

Public relations is an exciting field with plenty of career opportunities for recent grads. If you’re interested in getting started in PR, you might be wondering about the best way to get your foot in the door. Should you attend networking events or try to land an internship at a PR agency? Ideally, you’ll want to do both.

Here are the steps you need to follow in order to become a public relations specialist.

1. Decide where your PR passion lies

Are you interested in working with several different companies or are you more passionate about getting really in-depth knowledge of one specific company? Your answer will help determine which direction you want your PR career to take. For example, if you’re interested in working with multiple brands and getting a high-level view of several different industries, then working at an agency might be the best bet for you. On the other hand, if you’re more interested in getting really hands-on knowledge of a specific industry, then working on an in-house PR team might be a better fit.

Pro Tip: If you’re not sure which direction you want to take, we recommend taking on an internship at a PR agency. This will give you a great overview of the different types of accounts PR specialists work on while also giving you the hands-on experience you need to succeed in the industry.

2. Build your skill set by taking relevant classes

At its core, public relations is about storytelling and one of the keys to working in PR is being able to define and promote the stories of the brands you work with. In order to do this effectively, you need to have strong communication skills and a solid understanding of media and marketing trends. To build your skill set, we recommend taking relevant classes such as communications, marketing and media studies. These will help you develop your knowledge of the media industry while also giving you great insights into how to really engage an audience.

Pro Tip: Another way of developing your skills is by taking on a freelance project or creating a brand of your own. This doesn’t necessarily have to be a big project, but it should demonstrate that you understand how to create a brand identity. For example, if you’re interested in fashion as well as public relations, you could start a fashion blog and create a brand strategy around it. Although taking on this type of project is not necessary for landing a PR job, showing that you can take initiative and develop and execute a PR strategy will go a long way toward impressing hiring managers.

3. Take on a PR internship

Another great way to build your skill set is by taking on a PR internship. This will give you hands-on experience of working with clients and help you get a sense of what types of brands and industries you’d most like to work with. Depending on the type of internship you decide to do, you could be working on developing brand strategy, supporting account executives with managing client accounts, writing press releases, managing social channels and more. Taking on an internship is a great way to not only add valuable experience to your resume but to also get a sense of what you really want to do with your PR career.

4. Know what to expect from the interview process

Interviewing for a job in public relations involves showing that you’re informed about the industry and passionate about working with clients to help define and promote their stories. Common questions you’re likely to encounter include “What does public relations mean to you?” and “What is your favorite brand and why?” These questions are designed to test your understanding of branding and marketing techniques and to get a sense of your true interest in public relations. In order to answer them effectively, it’s important to demonstrate that you’re truly enthusiastic about the field and eager to learn more about helping brands succeed.

5. Network, network, network

One of the keys to landing a job in any industry is networking and this is especially important when it comes to public relations. This is because PR relies on building relationships between brands, journalists and audiences in order to deliver results. To do this successfully, it’s important to work on developing strong relationships with colleagues and journalists by attending networking events and meetups, and connecting with others on professional platforms such as LinkedIn.

Working in public relations is an exciting opportunity to promote brands you’re truly passionate about. By following these tips and developing your experience and your network, you’ll be sure to find an opportunity that’s right for you.

Next, get more career tips for internships and entry-level jobs such as How to Write a Cover Letter and find answers to common interview questions such as Why Do You Want to Work Here?

How to Write a Press Release

There are few items more closely associated with the communications industry than press releases – it’s important for people interested in the field or new to a communications job to understand the purpose of a press release and to know how to write one.

Here are some tips for writing a great press release:

The purpose of a press release

Organizations use press releases to relay important announcements to key audiences, including investors, consumers and the media.

How to send out a press release

Organizations or their representatives can send press releases directly to key stakeholders or through services such as PR Newswire or Business Wire, which specialize in press release distribution.

Key points to consider when writing a press release

The following points are important to remember when writing a press release:

  1. This is not a creative exercise. Writing a press release is not an opportunity to experiment with flowery prose or lay out personal opinions. As a piece of business writing, you should employ clear, concise language. People who read a press release should be able to quickly and fully understand the announcement.
  2. Cover the 5 W’s. A reader should walk away understanding the 5 W’s – Who, What, When, Where and Why – whenever relevant. Who is responsible for this new corporate segment? What will happen as a result of this announcement? When will this event take place or this change be implemented? Where will certain meetings take place? Why is this change or event occurring?
  3. Skip the jargon. While it’s sometimes impossible to completely avoid financial or legal language in a corporate press release, investors, consumers and the media all need to be able to understand what the release actually states.
  4. Keep it concise. A press release tends to be between 3-5 paragraphs, though the length can vary depending on the information you need to include.

Why press releases are still relevant

Despite the rise in corporate social media accounts and digital media, a standard press release is still a key tool in business. Press releases remain a valuable and reliable source of information for investors, consumers and the media. Additionally, press releases are often the core building block for other forms of communication – a company might link to a press release in a tweet, or use language from a press release in a video of a CEO, a letter to employees, or on a call with investors and analysts.

What to do after sending a press release

The next steps following a press release vary based on the goal. Is an organization launching a new initiative that it wants the public to be aware of? In that case, it makes sense to follow up with media interviews to broadcast the company’s message.

Press releases tend to follow this dependable template:

Headline Describing the Main Point
Subhead Providing Additional Detail or Describing Secondary Announcement

CITY, State, Date – Opening paragraph providing clear announcement.

Quote from CEO or other organizational leader offering support or rationale for the announcement.

Paragraph providing additional details.

About [Organization Name]

Boilerplate description of the organization.

Contact

Contact Name
Title / Organization Name
Telephone
E-Mail

Once you have the template filled in, the finished product will highlight all of the key parts of your announcement in an engaging and compelling way.

Next, get more career tips for internships and entry-level jobs such as How to Be a Team Player and find answers to common interview questions such as What Motivates You?

Career Opportunities for Business Majors

Few college majors are as in demand as a business major. This is because the skills you develop through this major are applicable pretty much everywhere, from a small tech startup to a Fortune 500 giant. While studying to become a business major, you’ll learn all sorts of things including how to manage operations, assess risks and transform work environments. It’s a career that can be as laid back, as fast-paced and as financially rewarding as you’d like it to be, depending on what type of environment you choose to work in. Career opportunities for business majors include business management, operations, e-commerce, finance and hospitality.

Here are some of the many fields where you can use your business degree:

Business management

Business management is a broad field that involves various managerial responsibilities and can apply to any number of industries including technology, retail and the nonprofit sector. Business management roles usually involve the day-to-day management of a company and the implementation of processes designed to improve how a company operates. They can also include human resources management, where you manage employer-employee relations and take a hands-on approach to recruiting and training. This is a great career for anyone who is interested in all the elements involved in running a business and helping it succeed.

Operations

Similar to business management, a role in operations involves handling the logistics involved with running a business. This can be anything from handling financial assets to developing and streamlining processes designed to keep the business functioning optimally. This career path is best suited to business majors who are interested in coordinating various departments and ensuring that everything runs smoothly.

E-commerce

Another popular career for business majors, especially in today’s tech-heavy globalized society, is e-commerce. This career path puts your creative and analytical skills to use by tasking you with creating and implementing strategies designed to increase a company’s revenue and customer base. It’s a wonderful opportunity for anyone interested in developing strategies designed to drive sales.

Finance

Your business skills are just as useful in the world of finance where you can be a financial analyst, account executive or accountant. Working in finance will give you hands-on experience of working with clients and coming up with financial solutions designed to meet their needs. This is a great career path for those interested in investing and asset management.

Hospitality

Business majors can also be found in the hospitality industry where they are often responsible for the day-to-day management of both boutique hotels and major hotel chains. As hotel managers, they are responsible for everything from hiring hotel staff to ensuring customer satisfaction. Similar to business management and operations, this career path is best suited to those who are interested in coordinating different departments and ensuring that everything runs smoothly.

One of the best things about a business major is that it can take you anywhere, allowing you to contribute to the productivity and efficiency of all sorts of businesses. The best way to find out which type of business is right for you is to take on an internship in a field that interests you. This will give you the hands-on experience you need to find the perfect job.

Next, learn more about this college major such as the Types of Internships for Business Majors and get more career tips for internships and entry-level jobs such as 6 Ways to Impress Your New Boss.

What is Technology Sales?

If you’re interested in the innovation going on in the tech world — like big data and the Internet of Things — you may wondering what career opportunities are available in the industry and whether they might be a good fit for you. One of the rapidly growing areas of technology is sales and it’s a great chance for recent grads to get their foot in the door while learning all about the industry. To find out more about it, we asked the team at Dell to tell us what you can expect from working as part of a technology sales team.

Here are some of the key things you need to know about the field.

What is technology sales?

Focused on connecting consumers with innovative tech products, technology sales is all about identifying the customers who can benefit from a particular solution and showing them how that solution can meet their needs. Encompassing hardware (computers, servers, networking devices), software (operating systems) and services (applications, big data and cloud computing) technology sales can vary greatly depending on the particular company you work for and the type of sales you do. At a company like Dell, which offers solutions across all three of these areas, there is also a lot of potential to learn about different types of technology sales and broaden your understanding of the field as a whole.

What do technology salespeople do?

From learning the ins and outs of the particular technology they work with to researching potential clients and putting together packages to meet their needs, technology salespeople have two main goals: 1) Promoting the products of the company they work for and 2) Making sure that their customers are getting as much value as possible from the technology solution they are buying. And while you might think that you need to major in a technology-focused subject to work in tech sales, that’s not always the case. At Dell, many employees in tech sales started with a strong interest in tech and learned the rest on the job.

What are the challenges of working in technology sales?

A fast-paced field, technology sales does have a few challenges. These include staying on top of ongoing product updates, sourcing and connecting with potential customers, ensuring that customers are satisfied with their purchases and problem-solving the issue when they’re not. Although these challenges are part of the day-to-day life of almost everyone working in technology sales, they’re also fairly straightforward to overcome, particularly when you work for a company that offers great customer support and a whole range of resources for their sales team. At Dell, this means being part of a team that sees problem-solving as one of the key components of their work and aims to provide the best experience for both their customers and their employees.

What are the benefits of working in technology sales?

While there are certainly a few challenges to overcome in technology sales, there are even more benefits. These include working with cutting edge technology, meeting talented and innovative people across a broad range of industries and having the opportunity to learn and grow with others on your team. In fact, working in sales is a wonderful way to expand your professional network both within the industry and beyond, which can help you grow your sales business or move into other sectors of the tech world.

What is a typical salary for a technology salesperson?

Another benefit of working in tech-focused sales is the high earning potential. With a base salary between $40,000 and $92,000, and bonuses and commissions that can range from hundreds to thousands of dollars, technology salespeople are often high earners, with many earning upwards of $100,000 per year.

An exciting field with uncapped potential, technology sales has a lot to offer recent grads. By knowing what to expect and what skills you need to succeed, you’ll be able to decide if this career is right for you.

Types of Entry-Level Jobs for Business Majors

Being a business major opens up doors to all sorts of professional opportunities. In fact, business majors are among the most employable groups of recent grads. But with so many opportunities, picking a career path might seem a bit overwhelming. One way to narrow your focus is by taking on a paid or unpaid internship during your time in college. This will help you build some great skills while also helping you identify the type of career that’s right for you. In the process, it will give you a better idea of what type of entry-level job to apply for.

Here are some of the most common entry-level jobs for business majors:

Financial analyst

If you’re a business major with an interest in finance, a job as a financial analyst could be a great fit for you. This position is one of the most popular entry-level roles in the financial services industry and one that exists at any number of organizations including banks, security firms and even insurance companies. By becoming a financial analyst, you’ll get a chance to look into the performance of stocks, bonds and other relevant investments.

Sales representative

If you’re a pro at understanding the needs of a customer and turning that into a sale, a career as a sales representative might be right up your alley. Depending on the type of company you work for, you’ll be responsible for selling products to individuals, other companies or government organizations. From seeking out potential customers to closing sales and fostering long-term relationships, you’ll be making the most of your people skills while helping the company to increase its revenue.

Human resources assistant

As a human resource assistant, you’ll assist with hiring and onboarding employees as well as troubleshooting issues between managers and employees. In this role, you’ll be responsible for ensuring that employers and employees have a good working relationship and that the company is operating smoothly. You’ll also help out with preparing and conducting training programs.

Marketing coordinator

As a marketing coordinator, you’ll be making a product or company more marketable by highlighting its value to potential customers and to the media. In this role, you’ll be preparing marketing materials, assisting with marketing campaigns and helping to coordinate publicity events. This is a great opportunity to learn all about how marketing works and to develop strategies to market a company or product effectively.

Assistant buyer

As an assistant buyer, you’ll be evaluating suppliers, purchasing supplies, obtaining price proposals and ensuring that products arrive on time. You’ll also be expected to balance product quality with company budgets and to have a clear sense of how purchasing decisions fit into the company’s overall operations.

Brand marketing assistant

As a brand marketing assistant, you’ll learn to be savvy about current market conditions by reviewing reports and studying market trends. You’ll also prepare presentations and reports detailing the performance of a brand as well as its design and marketing strategy.

Operations research analyst

As an operations research analyst, you’ll be involved in various parts of the organization and will be using statistics, mathematical modeling and other analytical techniques to solve emerging problems and help senior management gather the information they need to make operational decisions.

As a business major, your career options are both extensive and exciting. In order to ensure that you pick a position that’s right for you, it’s important to figure out where your interests lie and to pursue a role that you’re passionate about. Whether that ends up a financial analyst or a marketing coordinator, the skills you’ve developed as a business major will definitely help you shine.

Next, learn more about this college major such as the Types of Internships for a Business Major and get more career tips for internships and entry-level jobs such as Top 10 Things You Should Look For in a Company.

What is a Network Development Engineer?

A rapidly growing and incredibly innovative field, the technology industry has a lot of exciting opportunities for recent grads who are passionate about working with cutting-edge technology. One of these opportunities is network development, an area of engineering that focuses on automating and scaling networks in order to allow companies to process data more efficiently. To learn more about network development, we sat down with the team at Dell to find out what you can expect from this career path.

Here’s what you need to know about being a network development engineer.

What is a network development engineer?

The short answer is that a network development engineer is a person responsible for building and scaling data networks. The slightly longer answer is that a network development engineer is responsible for creating, deploying and automating networks that will enable data to move swiftly between different data centers.

What does a network development engineer do?

Depending on the type of company they work for, network development engineers can be responsible for a variety of things. This can include meeting with clients to understand their networking needs, designing solutions to meet those needs and then testing the solutions to ensure that they’re able to scale as the company grows. Network development engineers are problem solvers and project managers who are able to see the big picture and address challenges related to how data is transmitted. At a large company like Dell, this means leveraging the organization’s resources and technologies to create solutions that will not only scale, but that can also be automated and updated as needed.

What training do you need to become a network development engineer?

Training to become a network development engineer starts with taking relevant classes during college. These include technical computer classes that will give you the coding skills you need to do the job and also more theoretical classes that will teach you about the theoretical side of programming. After completing your undergraduate education (or even while you’re still in college) you can look for opportunities to get hands-on training. Dell’s University Relations Program offers a lot of these opportunities and gives students and recent grads a chance to learn about what it means to work in network development.

What are the benefits of being a network development engineer?

One of the main benefits of working in network development is being able to solve problems creatively and coming up with unique processes that help companies scale their business. In addition to the creative challenges of the role, network development also provides great insights into other areas of the tech industry and gives you a wonderful overview of exciting things that are happening across different fields. Working at a company like Dell also comes with additional benefits including access to cutting-edge solutions and employee-focused initiatives designed to help employees grow both personally and professionally.

What is a typical network development engineer salary?

Although network development engineer salaries vary slightly depending on location, they typically start at around $60,000 for an entry-level position and go up from there with experienced network development engineers earning upwards of $110,000 per year.

An exciting part of the technology industry, network development is a great opportunity to develop your technical skills while helping companies establish processes that will allow them to handle and process data.

How Much Should I be Paid at an Entry-Level Job?

Now that you’re ready to start searching for your first entry-level job, you probably have some questions about how a full-time job will differ from a part-time job or internship. For example, what can you reasonably expect to earn during your first one to two years of post-college employment and what are some other perks that can balance out an entry-level salary?

Here are some answers to commonly asked questions about salaries.

What is the average entry-level salary?

According to Glassdoor, the average entry-level job salary in the U.S. is $28,000, but that doesn’t necessarily mean that’s what you’ll make at your first post-college job. Compensation for entry-level jobs differs from field to field and city to city so in order to get an accurate sense of what you can expect to earn, it’s important to do your research on your chosen industry. That way, when you start receiving offers, you’ll know how your offer stacks up against others in the field.

How can you find out the entry-level salary for chosen field?

Luckily, researching industry-specific salaries is pretty easy, with sites like Payscale and Glassdoor providing clear salary information for recent graduates—just search by the entry-level position you’re curious about. You can use these sites to compare how entry-level jobs pay by region, since the same entry-level job is likely to pay significantly more in a place like New York City than in a smaller city or town where the cost of living is lower.

Pro Tip: Even if you know exactly what kind of position you want to land, do some research on other jobs within that industry and outside of it. This will give you more insight into the job market in general and help you consider the full range of opportunities available to you.

Can you negotiate an entry-level salary?

After you’ve gotten a good idea of what a general entry-level salary in your field looks like, it’s time to get specific. It’s helpful to take both your professional skill sets and the company you’re interested in into account. When thinking about your work experience and skill set, consider what skills could make you more valuable to an employer. Maybe you excelled at an internship, were able to freelance your way to an interesting resume or earned special academic honors for your killer schoolwork. Take these into account when filling out your application so that you give yourself the best chance of being offered the highest salary possible.

It’s important to note however, that in many cases negotiation isn’t an option for entry-level offers. This is especially the case for structured programs like finance, consulting and medicine, but can apply to other entry-level jobs as well. When considering a job offer, it’s therefore important to consider things beyond salary, such as culture, perks, vacation and benefits. That means making sure you’ve done your research on the company and thinking about what they can offer you that will make the experience a beneficial one. How much you’re comfortable being paid at an entry-level job can be influenced by what you think the experience can give you in a larger sense, outside of just a paycheck.

Jobs for recent graduates will offer different salaries based on where you’re looking to work and what you’d like to do, but once you have a solid idea of what your salary will be, you’ll be well-prepared to start your new career and take the first steps towards advancing in the field.

Next, get more career tips for internships and entry-level jobs such as What is an Entry-Level Job? and find answers to common interview questions such as How to Answer: Are You Willing to Relocate?

How to Become an Investment Banker

If you’re a business or finance major who is interested in investment banking, then you probably already know what investment banking is and are curious to find out how you can get your foot in the door of this exciting industry. Although investment banking is certainly competitive, it’s also filled with rewarding opportunities, especially for those who are curious about market trends and passionate about helping clients meet their financial goals.

Here are the steps you need to follow in order to become an investment banker.

1. Know the investment banking career track

One of the keys to developing a successful career in investment banking is knowing the path to follow and making the most of each step along the way. Although most entry-level investment bankers start as financial analysts, the investment banking career track really begins with an internship. In fact, both large banks and smaller boutique banks recruit entry-level employees from their yearly crop of interns, so securing an internship during college is key to setting yourself up for success. This will typically be a summer internship during your junior or senior year and (if successful) will lead to an offer for a full-time financial analyst role. Financial analyst roles are typically two-year positions that provide you the with the bulk of your investment banking training. During this time, you’ll learn about financial markets and the factors involved with advising clients about potential investments. After this two-year period is up, you will likely move on to an associate role for another two to three years before becoming a VP and eventually a managing director.

Pro Tip: In addition to knowing the career track you’ll be following, it’s also important to know the timeframe for hiring in this industry. For those not going directly from an internship into a full-time position, the application process for a full-time role typically starts in early September of your senior year and takes anywhere from six weeks to two months. Throughout this time, you’ll be invited for a few different rounds of interviews (between two and three) and, if successful, you’ll receive your offer by the end of October.

2. Develop your knowledge of the financial services industry

Having a solid understanding of the financial services industry will benefit you not only at the start of your career but also as you move up the ladder into your next role. This means knowing all about past and present market trends and also having more specialized knowledge such as understanding how new generations of investors differ from previous ones. For example, having some great insights into investment trends for millennials is likely to impress potential employers and show that you’re well-informed about changes in the industry. The best way to develop this knowledge is by reading trade publications like DealBook and MarketWatch and keeping up-to-date on emerging trends.

3. Take relevant classes

Taking a broad range of business, finance and even math classes during college can be a practical way to build your knowledge base. This is especially true if you’re coming to investment banking from a non-traditional major like English or history. To find out which classes would be most helpful for you, talk to your academic advisor and ask for recommendations based on your interests and your goals.

Pro Tip: Although doing a double major or minor in one of these subjects isn’t necessary, being able to show recruiters that you’re a well-rounded candidate is a great way to get noticed.

4. Know what recruiters look for

Although traditional recruiting for investment banking typically focused on business and finance majors from top-tier schools, in more recent years the recruitment process has become increasingly focused on diversity and on finding talented candidates from a broad range of schools and majors. That said, candidates still need to be able to demonstrate both a solid interest in financial services and a thorough understanding of the field, so your resume will need to reflect classes or projects you’ve worked on that would be relevant to an investment banking career.

Pro Tip: When talking to recruiters, don’t be afraid to highlight areas of your background that are unique and show that you have a well-rounded background. For example, if you don’t have internship experience in the financial services industry but you interned in the finance department of a startup, you can mention what you learned from the experience and how your skills could transfer to investment banking.

5. Take on an investment banking internship

Although knowledge and direction are both key parts of starting a career in investment banking, having experience on your resume is even better. This is where an internship comes in. An internship is a fantastic opportunity to build your skill set and get on-the-job training. This is especially important in a field like investment banking which is both technical and specific. By taking on one or more internships during your time in college, you’ll gain exposure to many facets of the industry and be able to find an entry-level investment banking job that’s right for you.

6. Build your network

Investment banking is as much about who you know as about what you know so building your professional network is crucial to landing a great job after graduation. An effective way to do this is through internships and networking events, particularly those aimed at college students and recent graduates. Attending recruiting events can also be particularly helpful since you’ll be able to meet with recruiters in person.

Pro Tip: Reaching out to members of your school’s alumni network is another effective way to build your network and this is an especially common networking strategy in the financial services industry. As an added bonus, you might come across a professional opportunity you weren’t even aware of or get a personal recommendation from someone already in the field.

Becoming an investment banker might seem a bit intimidating at first since the field is notoriously competitive and fast-paced. However, by following these tips and building up your experience and your network, you’ll be sure to find an opportunity that’s right for you.

Next, get more career tips for internships and entry-level jobs such as 7 Phone Interview Tips That Will Land You a Second Interview and find answers to common interview questions such as Where Do You See Yourself in 5 Years?

Top Investment Banking Interview Questions

If you’re interested in a career in investment banking, then you know that it’s a competitive field with plenty of challenges and opportunities. In order to prepare yourself to become an investment banker, it’s important to know not only what your career path will look like but also how to prepare for the interview process. The hiring process for investment banking typically consists of two to three rounds of interviews, with each round focusing on both technical questions and cultural fit questions.

Here are the top questions you’re likely to encounter during an entry-level investment banking interview.

1) Tell me about yourself.

This is often the first question in any interview and one you should always be prepared to answer. When interviewers ask this question during an investment banking interview, it’s because they want to know that you’re passionate about the field and that you can bring something unique to the table. The key to answering it well is to talk about your academic and personal background in a way that shows that you’d be a good fit for the position. For example, if you’ve been interested in finance for a long time and have been reading The Economist since middle school, you should mention that. Or, if you’re an English major with a newfound passion for financial markets and a minor in business, you should talk about how your diverse skill set can help you succeed in the industry. No matter what your background, being able to present yourself as a well-rounded individual with a genuine interest in finance will go a long way towards impressing the interviewer and helping you stand out from the crowd.

Pro Tip: Since banks are increasingly interested in hiring candidates with diverse backgrounds, don’t be intimidated if your background doesn’t include a business or finance major. Instead, focus on the skills and experience you can bring to the position and demonstrate how these will make you stand out.

2) Why do you want to work in investment banking?

When an interviewer asks this question it’s because they want to find out how passionate you are about becoming a banker. Since investment banking is a notoriously fast-paced and challenging industry, showing that you’ve done your homework and are truly interested in the field is a crucial part of convincing the interviewer that you’re aware of the challenges and willing to meet them. One of the keys to answering this question well is to show that you have a working knowledge of financial markets and a genuine interest in how deals get done. For example, if you recently read about an interesting technology merger in DealBook, be sure to mention why the merger piqued your interest and how that specific deal fits in with your more general interest in finance.

Pro Tip: Knowledge of financial markets and trends is particularly important when answering this question so being up-to-date on industry news and having two to three examples of relevant deals will show that you’re genuinely curious about the industry and well-prepared for the interview.

3) Why do you want to work for our bank in particular?

This question is designed to test your knowledge of the company you’re interviewing with and its position within the industry. The key to answering it well is to show that you know general financial information about the firm such as where their stock price is trading and what industries they focus on. The best way to find out this information is by reading through marketing and press materials on the company’s website and then doing additional research in trade publications such as American Banker and MarketWatch. If you’re interviewing for a position within a specific division, such as the natural resources group, it’s also important to talk about past deals that the firm has done and to mention how these deals have impacted the industry as a whole. Trade publications like the ones mentioned above will also come in handy here, helping to spotlight relevant deals that you can use as examples.

4) Where do you see yourself in five years?

Another question you’re likely to encounter in almost any interview, this question aims to find out more about your career plans and to determine how committed you are to a long-term career in banking. When preparing to answer this question, focus on how the role you’re applying for aligns with your future goals and explain why becoming a banker is a crucial part of your career path. For example, if you want to continue on the investment banking track and become a VP or managing director, talk about how the entry-level role you’re applying for will offer you the opportunity to advance in your career and achieve your goal within five years.

5) What are the ways of valuing a company?

This is one of the most challenging questions you’re likely to encounter during the interview process because it’s designed to test your technical knowledge of the field. In order to answer this question successfully, it’s important that you have a working knowledge of banking and understand valuation methodologies. The best way to develop this knowledge is by taking a business or finance class during your time in college and doing additional reading on sites such as Investopedia. By showing the interviewer that you understand the technical side of the position, you’ll also be demonstrating a willingness to learn and to become an integral part of the industry.

6) How many golf balls can fit in a Boeing 747 jet?

Another type of question you’ll encounter during the interview process is a brain teaser.
These questions are designed to test your critical thinking and problem-solving abilities and are often unrelated to the actual field of banking. In order to ensure that you’re not stumped by any of the brain teasers a hiring manager might throw your way, it’s important to practice several of these as you prepare for the interview. Luckily, sites such as Investment Banking Brain Teasers offer sample brain teasers and tips for coming up with solutions.

Pro Tip: Hiring managers are less interested in the answer itself than they are in seeing how you think through a problem. To demonstrate that you approach problems thoughtfully, be sure to ask follow-up questions and to “show your work” as you come up with your answer. For example, when answering the golf ball question, you could ask the interviewer whether the 747 is empty or full, or whether the cabin is pressurized. By showing that you’re able to come up with thoughtful solutions to problems, you’ll also be demonstrating your ability to understand complex ideas and business models, a crucial skill in any investment banking position.

Although the interview process for investment banking can be a challenging one, it’s also a wonderful opportunity to show potential employers that you’re enthusiastic, curious and knowledgeable about the field. By knowing what questions to anticipate and preparing your answers, you’ll be sure to impress the hiring manager and get one step closer to landing the job.

Next, get more career tips for internships and entry-level jobs such as 6 Ways to Impress Your New Boss and find answers to common interview questions such as Tell Me About Yourself.

Career Opportunities for Finance Majors

Being a finance major presents you with plenty of interesting opportunities to learn about business models and financial markets while also building new skills. But with so many opportunities, you may be wondering what kind of job you can get with a finance degree. With finance being such a broad category, there are many career paths you can choose.

Here are some of the most common career opportunities for finance majors:

Investment Banking

Investment banking is often regarded as one of the more prestigious jobs you can get with a finance degree, especially from a compensation standpoint. In this role, you’ll be working on financial modeling and valuation analysis, helping companies decide on business opportunities that are right for them. These decisions can range from whether a company should merge with one company, acquire another or raise additional funding for a strategic initiative. This is a great role for someone who is interested in helping companies make strategic decisions about their assets and someone who is comfortable working long hours. This is because investment banking analyst hours are known to be quite grueling, especially for entry-level roles.

Management Consulting

Management consulting is also highly regarded as one of the more prestigious careers to embark on after pursuing a finance degree. Management consultants usually have project-based work where they analyze certain situations their clients are facing and advise those clients on what business decisions they should make. Most of this advice comes from extensive financial analysis based on the client’s current situation, similar situations previous clients have faced and current market opportunities. This is a great career path for someone who is interested in making recommendations on business decisions but not necessarily being a part of the implementation of those decisions.

Investment Management

Investment management analysts often deal with the markets and managing their client’s assets. These opportunities could range from managing the assets of wealthy individuals (through private wealth management) to managing a company’s retirement plans, pension plans or even foundation plans (which is known as asset management). Analysts in these roles often act as the support role for more senior advisors, where their tasks could be researching different investment decisions, preparing pitch decks or formalizing performance reviews. This is a wonderful opportunity for someone who is very numbers-drive and passionate about helping clients reach their financial goals.

Corporate Finance

Corporate finance roles vary widely depending on the company and division you’re in. Frequently, corporate finance jobs deal with analyzing financial decisions that affect the company internally. For example, offering advice on whether the number of employees in a company should be increased or decreased, strategizing how to decrease a company’s operational costs or determining the return on investment (ROI) of certain proposed initiatives. This is a great role for someone interested in helping with the inner working of a company and contributing to the decision-making process.

Risk Management

When firms think about maximizing return (or increasing investment), they must do so while minimizing risk (or loss). This is where risk management teams come into play. They offer advice on maximizing returns by forecasting market risks, assessing probability of bad investment outcomes and using statistical analysis to ensure that the business side of the company is acting and implementing their strategy within reason. This role is a perfect fit for someone interested in statistics and analysis.

Next, learn more about this college major such as What is a Finance Major and is it Right for Me? and get more career tips for internships and entry-level jobs such as How to Get a Mentor at Work.