Buy-Side Investment Banker Resume Tutorial with Free Template
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Buy-Side Investment Banker Resume Tutorial with Free Template

bjbj In this video we are going to continue
our series of investment banking resume templates, and this time around we’re going to be looking
at an example of a resume template that you might use if you’re currently working in investment
banking full time. Either as an analyst or associate, or maybe if you’ve had some summer
internships, or just a recent summer internship in the field and you’re interested in applying
for other jobs in finance. Whether you want to go back to banking full time or whether
you’re interested in moving to private equity, hedge funds or another job on the buy side
or maybe working corporate development at a company. Just to go over who this template
is going to be useful for once again, I would summarize it as saying that it’s going to
be useful if you’ve worked in or are working in full time investment banking, or in related
fields like private equity and hedge funds. Because you can actually take this same template
and modify it a bit if you’re working on the buy side right now and you’re trying to transition
into something else. But the same principles, many of the same ideas here, will still apply.
Of course, it’s also useful if you’ve had internships in investment banking and you’re
trying to figure out how to structure your resume right now. In terms of who it’s not
useful for, I would say that if you’re applying to business school, you probably want to have
a resume that’s a bit more balanced than this one. You see that a lot of space here is taken
up by this investment banking entry, which is how it should be if you’re applying to
other finance jobs. But, I would say that for business school you want to show that
you’re more of a well rounded person and have more of a background than just finance. So
I would probably not use it for applying to business school. I would also probably not
use it if you’re looking for something outside of finance, so if you’re interested in transitioning
and maybe you’ve worked in finance or banking but you want to move on to something else,
I would probably not use this for the same reason. It’s just too much of an emphasis
on banking experience and not as much on everything else you’ve done here. The other instance
in which this template is not going to be quite as useful is if you’re older and more
experienced. Maybe you’re at the VP level, or you’re going to be soon, or your an experienced
associate and you have dozens of deals to write about. If that’s the case, then probably
what you want to do is take what we ve done here and change it around a bit and have a
separate page on your transaction, your client or investment experience and compress this
a bit and try to have a few more summary sentences here instead. You’d have to change it around
a little bit if you are older and more experienced and you have a lot more clients, investments
or transactions to write about here. Just to go over the overall format now and the
structure and compare it to the template that we looked at before for the university student
who’s applying to investment banking. We see that, actually, a lot of it’s the same. The
top here is the same with the name in a bigger font than the rest and then your address,
phone number and email address. I’ve relabeled the section from Work and Leadership Experience
to Professional Experience to reflect the fact that once you’re out there and working,
or even if you’ve had significant internships, I think it’s more helpful if you focus on
the work experience as opposed to student groups, unless it’s something truly extraordinary
that you’ve done before. You also see that the order, of course, is different. Because
we now have our work experience here at the top, starting with the bank that we’re currently
at, or the most recent bank that we were at. Then we get into Education as the second to
last entry and then we have this Skills, Activities and Interests, which I’ve actually renamed
to Skills, Certifications and Interests here at the bottom. The order is different but
a lot of the formatting here is the same, and it’s just a matter of changing around
the order and keeping the fundamentals in place and then emphasizing your banking experience
over everything else on here if you’re interested in pursuing other jobs in finance after this.
We see that the general idea here is, again, as I’ve been mentioning, you want to emphasize
finance. The most recent banking experience you’ve had over everything else. So if you
re a full time investment banker analyst right now, this is basically, exactly what you want
to be writing about. Have a summary sentence here at the beginning as we’ve seen with the
other resume templates that we’ve looked at. Have that summary sentence and then get right
into your transactions, your deals, your clients you’ve worked with. If you’re on the buy side,
get into your investment experience, and you can list other experiences on here. In this
example, I’m giving a previous internship or job and devoting a few lines to that here.
This is fine to do, even if you’re working full time in the industry right now. If you’re
an analyst and you’ve had internships before that, it’s OK to write about one or two of
them here, but I would keep it brief, especially if they’re not as relevant or not as related
to banking as what you’re currently doing is. To go into more detail here on this investment
banking experience entry, you’ll see that the summary sentence, a couple points that
we want to hit on here. We want to say how many deals we worked on. Some people make
a big deal over whether you’re saying live deals or the opposite is non-live deals. I
think it’s a little silly to even worry about this kind of stuff. I would just classify
it all as deals. It really doesn’t matter either way. You just want to give them an
idea of how much exposure you’ve had to clients, and how much exposure you’ve had to actual
transactions. Obviously, the more you have, the better and your scope here, in terms of
what you consider a deal, could be pretty broad as we’ll see later on. It does not have
to be an officially signed client, it can just be a potential situation where a company
might be interested, maybe it’s a targeted buy side or sell side, where there’s no official
contract in place, but effectively, you’re working on a potential transaction. That’s
fine to count that type of experience as a deal. Once you’ve stated that, then you want
to go into detail and just list the different types of deals you’ve worked on. I realize
that the chances of you actually working on sell side, buy side, M&A, LBOs, end debt and
equity financings and even restructurings, as we’ll see down here, is basically zero,
if you re in one group at one bank. Again, keep in mind that this is just a template.
You have to pick and choose from this list if you’ve worked on types of deals outside
the scope of this, like restructuring or bankruptcy type deals, add those, obviously. If you haven’t
worked on some of these, then delete the ones that you haven’t worked on. Then what I normally
like to do, is after summarizing the types of deal and client activity, I like to give
some idea of the overall kind of work we did. You want to emphasize any type of valuation
you worked on, merger and LBO models, any type of other models. You could put standalone
operating models in here. We could say, Standalone Operating Models, Merger and LBO Models. I
just didn’t include it here because I was already running out of space, but you could
add all sorts of other items like that. But it’s really good to emphasize any type of
valuation, any type of modeling work that you’ve done because that’s what plays, on
the buy side, especially private equity tend to value. They want people who know how to
model, who know how to do due diligence. That’s actually another thing that you could add
in here. You could say something like, at the end here, you could say, And assisted
with due diligence. You could add that in as well. These are all points that are fine
to emphasize in this summary sentence. I would try to keep it to two to three lines or less,
if possible. You can write two summary sentences if you want to, but I would suggest it’s better
to keep it to one bullet, if at all possible. Then spend the rest of your space and the
rest of your time and energy focusing on the transactions, the deals that you actually
worked on here. For actually picking the deals, the transactions that you’re writing about
here, there are a couple of guidelines to keep in mind. I would say that, in general,
and this is more applicable if you’re working in the field full time right now, I would
try to have a mix of higher profile larger transaction size deals, and then transactions
where you actually contributed more and learned more and can speak about them better in interviews.
For example, if you worked on something really high profile, like the Microsoft Yahoo! potential
transaction, chances are that, as an analyst, you probably didn’t do all that much in the
way of substantial work. Because there are so many banks involved, so many different
people involved at all levels and it was a huge deal. Managing directors would probably
get personally involved in that type of transaction, but if you worked on it, it’s still good to
include here. Because it’s going to capture a recruiter’s attention, it’s going to attach
anyone’s attention who’s just quickly scanning your resume. I would try to include a mix
of those and then a mix of deals where you actually contributed more, did more modeling,
had more responsibility and those types of experiences. I would say it’s good to aim
for two, three, possibly four deals to write about here. Having just one makes the resume
look a little odd and so I think between two and four is the ideal number. Again, it depends
on what’s on the rest of your resume, how much space you have, how much you really did,
but I would say try to shoot for somewhere in that range. Also, in terms of picking the
types of deals to write about, you’ll see that in this case. Again, as I mentioned before,
we have a sell side M&A deal, we have a buy side M&A deal. We have an LBO, we have an
IPO, we have a bankruptcy, a restructuring deal here with this Section 363, Asset Sell.
You re not actually going to have all these different type of experience. What I would
say is that, in general, it’s better to write about M&A type deals and in particular, sell
side M&A for the most part. Sell Side M&A, LBOs are good to write about, especially if
you’re applying to private equity. Restructuring can also be really good to write about, more
so, if you’re applying to a distressed investing firm or something along those lines, maybe
a turnaround investing firm. Something like that. IPOs are OK, but as you can see here,
in a lot of cases you just don’t have as much quantitative material to write about. So I
would try to stay away from them if you can. It’s not the end of the world if you’ve mostly
worked on IPOs, but I would try to stay away from them, if possible. In terms of other
types of deals here, convertibles, debt financings, those are fine to write about. It really comes
down to how much modeling work you did and how much you contributed to it. Again, it
depends greatly on your own experience with it, but I would say try to bias it toward
deals that involved M&A, restructuring, LBOs, perhaps anything with debt, and try to stay
away from IPOs and similar deals. If you’re an intern or you’ve been an intern before
and you’re looking at this trying to figure out what to do, don’t worry about having all
this deal experience. What I would say is, look at what you’ve done over the past few
months, and try to do the best you can with that. I realize that, in a lot of cases, you
may not have actually worked on real deals, and sometimes you might have just helped out
with a valuation of a company, maybe sometimes you just helped out with researching potential
buyers for the company, something like that. In those cases, what you want to do is have
a bullet like I’m going to enter here and say, Valuation of, and then you give the company’s
industry right here and you could have the dollar amount right here. You could say, Valuation
of $500 million software company, we could write here. Then you can just go into detail
on what you did there. It’s OK that this wasn’t an official deal because it’s still going
to be good to talk about in interviews. The same applies if you’ve just researched a buyer
list for someone. You could even frame it as what we have here, which is a potential
acquisition of another company. Those are a few ideas to keep in mind if you are an
intern or you’ve been an intern and you’re trying to figure out what to write about on
your resume. Another question I get a lot is, What happens if this deal has not yet
been announced? What happens if it hasn’t closed yet or what happens if it hasn’t been
announced? I would solve this problem by just listing potential in front of anything that’s
in that category. So potential or pending , you could have pending here, if that’s the
case and instead of giving the company’s name, we could just describe the industry. It’s
perfectly fine if we said here, Potential $500 million sale, software company. That
would be a perfectly fine entry to list right here. In terms of writing the actual bullets
about each of these different experiences, each of these different transactions you worked
on, again, I would say try to bias it toward any quantitative work. You want to be talking
about valuations, public company comparables, precedent transactions, DCF. You want to be
talking about any type of modeling work you did. We see here under the LBO one, we see
that this person has worked with the CFO to create a five year financial projection for
use in lender presentations. They created an LBO model so they can speak to that in
interviews. In the bankruptcy deal, they talk about liquidation analysis, trading multiple
precedent transactions. They talk about bankruptcy related adjustments to normalize EBITDA. You
don’t necessarily have to write about this type of stuff. Maybe if you’ve done more qualitative
things in your internship, that’s fine. We see here under the IPO example that they’re
really just writing about qualitative stuff. Customer calls, due diligence, writing of
the S-1 registration statement, that’s fine. If you can include anything on the quantitative
part, as we have here about selecting public company comparables, that’s fine. you can
include that, but not everything has to be 100 percent focused on the modeling and the
valuation type stuff. It’s good to focus on that if you can, but it’s fine to include
qualitative things if they somehow impacted the deal, or if they’re unusual and you can
speak about them in interviews and impress people. We see an example of that right there.
This formula enlisted 100 potential buyers that was later used in Chapter 11 proceedings
to show the sales process resulted in fair price. This is something specific to bankruptcy
and restructuring type deals, but this is something that often comes up in court after
the fact. Where they re trying to assess whether or not the bank made a good effort and got
a fair price for the client because obviously the shareholders are probably not going to
get too much in a bankruptcy. This is something that comes up a lot. So in this case, if you’ve
done something qualitative like this that has actually impacted the deal, it’s fine
to list and fine to go into and if you re interviewing at a distressed M&A shop, for
example, or distressed investing firm, it’s actually likely to come up in a course of
interviews. Another question I get is, How much detail should you go into on each of
these specific transactions? Again, there’s no simple answer. It really depends on what
you did and how much you have on the rest of your resume. I would say that you want
the bulk of the space on your resume to be devoted to your investment banking experience,
so you need to go into the level of detail for each one that’s appropriate to get you
to that level. On this particular resume template, I’ve included an either/all, one bullet sentences
and use semicolons to describe each of these, or in one case here at the bottom for the
restructuring deal, I actually have two bullets. I think that’s a good format to follow. One
structure that you could use is maybe have a quantitative bullet and then a qualitative
bullet, so that’s one thing that you could do. But, again, it really depends on the deal
and how much other information you have on your resume, but this is a good guideline
to follow, that you really want to say what you did, how it impacted the negotiation or
the sales process or the deal process, and anything else you can, related to that. You
want to bias the results here. I’ve mentioned before that when you have a resume like this,
you want to structure it in terms of the specifics that you did, and then the results. In a lot
of cases in investment banking, it’s hard to come up with genuine results, especially
if you’re a junior banker working on these types of deals. You see an example right here.
Analysis showed company was undervalued by percent, and was successfully used in negotiations
to raise asking price to dollar amount. Now, you have to be careful about writing something
like this. The reason is because if you have something that is quite bold like this, where
you say that you actually impacted the deal process and got more money for your client
as a result of work you did, they’re going to quiz you on it. They’re going to figure
out very quickly whether or not this is actually true. Yes. If you had something like this
and, this tends to happen more often with smaller deals where you can actually impact
the process, even if you’re a junior banker, in some cases. Just be very careful about
what you say because if you stretch the truth too much, you’re going to get called on it.
Unlike other types of experience, people in finance know what you do as an investment
banking analyst or associate and they’re going to know if you did something here that seems
out of line or seems like you’re exaggerating too much. So be very careful about what you
say. Another example of how you could do this is you could say, On a buy side deal, recommended
seven best candidates to the client leading to additional due diligence on three potential
acquisitions. This is fine. This would probably not raise eyebrows in an interview at all,
because it’s very common. You make a list to research potential acquisitions and then
recommend the best ones. They decide to look into them in more detail. Then we see on this
LBO one, we re not even really showing results here, we’re just saying that we created a
model showing returns in a certain range. This is fine to include if you’ve had an experience
like this, where you don’t really have much in the way of real results to point to. Once
again, on the IPOs, we don’t really have too much in the way of results, which is fine.
Play it by ear. If you have results you can point to, put them in. If not, you can have
bullet points like this and it’s perfectly fine. Then on the restructuring, we have a
mix. The first bullet here doesn’t have too much in the way of results. Then this next
one, clearly the work here has impacted the deal process, so this is more of a result
and it’s fine to include this as well. Now that we’ve been over the overall structure
you want to be using for investment banking type experience, I’m going to go through and
answer a couple of other common questions that may come up as you start using this and
other questions I’ve gotten on writing about this type of experience. One thing that sometimes
comes up is, What happens if you’ve had multiple finance internships? What if you’ve had, let’s
say, two investment banking internships and maybe you had an asset management internship
before that. If that’s the case, I would probably focus on the most recent internship and cut
back on the rest. You can use this same structure, even if you’ve had multiple investment banking
internships, but what I would probably do is instead of writing as much as we have here
then maybe what you want to do is, for the older ones, just list one or two transactions.
Maybe just copy and paste this part and, again, it depends greatly on what you did specifically
so it’s hard to say precisely how much to add here, but I would do something like that.
I would still try to include what you can, especially if you’re applying for full time
positions right now, but I would just focus on the most recent one and cut back on how
much you say on some of the older ones. The same applies, by the way, if you’re working
full time and you’ve had other jobs before this. I would still focus on the most recent
one and list the others still, but relegate them and maybe only have a few sentences on
them, as we have done here. Another question is, How should you write about investment
experience if you’re working on the buy side? Well, what I would probably do is, I would
probably say Selected Investment Experience right here and obviously, you want to change
this and call it Private Equity and [inaudible 00:18:56] associate firm name and just say
how many investments you worked on, and you can have similar language here. In terms of
the valuation work you did, merger LBO models, client presentations, that type of stuff.
You can have more about due diligence here if you want to, but the overall structure
is very similar. On this section for Selected Investment Experience, it’s really not too
much different. The main difference is that on the buy side it’s more about leveraged
buyouts and direct investments if you’re working at a hedge fund, trades if you’re working
at a hedge fund. But it’s really not too much different. You can adapt a lot of these ideas.
What I would do, just as a quick example here is say, Potential $700 million leverage buyout
of telecom company, and we can have in here, we can say something like Created LBO model
showing turns in percent, percent range. Also conducted due diligence with management team
and wrote investment memorandum. This is presumably for some type of investment committee that
this firm has. Then you could say, Resulted in negotiation of transaction. We could have,
for example. That’s how you might write about a deal on the buy side. This is just a quick
example off the top of my head, of course, but that’s the overall format that you’d use
there. It isn’t really that much different. Another question that sometimes comes up is,
What happens if you can’t fit everything on the page? I would say that in that case, if
you really cannot fit everything, then you need to eliminate some of your other stuff.
You need to change the font size, play around with the margins. Try to keep them at, at
least, half an inch or so on each side, but I would say you need to eliminate stuff. It’s
really not appropriate to have multiple pages unless you’re a much more senior hire or unless
you’re in a region like Australia, for example, where it’s actually accepted to have multiple
pages on your resume or CV. Another final question is, What happens if you’re an intern
and you don’t really have any real deals or it was an unpaid or part time internship?
Again, same applies. Just make into deals what you can. If you performed research on
potential acquisitions, say that that was a potential acquisition of something. If a
company was interested in selling but you didn’t actually get an offer, you didn’t actually
negotiate anything, just say that it was a potential sale, as we have here, of a certain
type of company. Make into deals what you can, is the short answer to that one. As far
as the rest of the resume here, just a couple of points to go through. We see here that,
again, this company, other company, previous internship or job that we worked at has been
minimized because it’s really not nearly as important as the investment banking experience
up here. We see that education is actually much shorter this time around and this is
fine, especially if you’ve been out of school for awhile. If you have an MBA, you’ve gone
to business school, then I would just add in the business school right above this university
name right here. You’ll just add in business school name and then follow the same format
that we have down here, but even if you’ve gone to business school, you definitely still
want to keep in that as well as the university, your undergraduate institution as well. I’ve
shortened Skills, Certifications and Interests because, honestly, once you’ve been working
for awhile, this stuff becomes less important. It’s still good to list languages, just in
case. Certifications can still be good so if you have the CFA or something else like
that, it’s fine. You can list them. Some places will care more about that stuff than others.
Interests can actually still be helpful to list. I have been asked about these in buy
side interviews before, so interests can actually still be good to list. I would probably cut
out activities, technical skills, especially if you don’t have anything substantial there,
which is why I’ve done exactly that on this resume template. So that’s a quick overview
of how you might structure your investment banking experience when you’re writing about
it on your resume or CV. Obviously, you don’t need to stick to this exactly. Feel free to
take and modify this template, change around the fonts, the formatting, whatever else you
want. Still try to make it readable if possible, but these are the overall ideas and the principles
you should be using, but feel free to modify and use it as you wish. Hopefully this has
been helpful for you and you now have a better idea of how to write about your experience
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2 thoughts on “Buy-Side Investment Banker Resume Tutorial with Free Template

  1. The volume seems fine on all the speakers I've tried – can you turn up your computer volume or the volume within YouTube and see if that helps, or try using a headset or ear phones instead?

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