How to Position Yourself for Investment Banking as a 1st or 2nd Year University Student or High School Student: Be a Line, Not a Dot

23 Comments | Recruiting Mindset

What to Do as a 1st/2nd Year University Student or High School Student to Get Into Investment BankingWhen do you start?

Your first year of university?

High school?

Middle school?

Elementary school?

Pre-school?

Your mother’s womb?

No one knows, but it seems like you need to start “preparing” for your future career earlier and earlier each year.

One day, parents might start modifying their unborn babies’ DNA to give them an advantage in the recruiting process… 20 years in advance.

In the absence of time travel or genetic modifications to boost your accounting proficiency, though, you need another way to prepare long in advance of the recruiting process.

Especially if you just entered university, you’re still in high school, or (gasp) you’re even younger and just realized you want to break into finance in the future.

Wait, What? DO People Actually Start Preparing When They’re 5 Years Old?

How to Achieve a Net Worth of $100+ Million USD Without Working 80-90 Hour Workweeks: An Interview with Richard Koch

25 Comments | Recruiting Mindset

Richard KochIf you’re reading this site, there’s a good chance that you wouldn’t mind being worth at least $100 million USD one day.

And while you’re willing to work hard to get there, you’ve probably also realized that working investment banking hours for the next 20-30 years is unsustainable.

If that’s you, then today’s interview with Richard Koch is right up your alley (yes, that’s a link to his Wikipedia entry).

This is unlike any other interview on the site – even those with senior bankers – because it’s with someone who has had a successful 40+ year track record in business.

Among other things, he:

  • Worked at BCG and Bain, became a Partner at Bain, and then founded L.E.K. Consulting, which later grew to 1,000+ consultants.
  • Wrote over 20 books on business, personal success, and philosophy, including The 80/20 Principle, which sold over 1 million copies.
  • Became a successful investor and returned between 5x and 53x his capital in numerous private equity investments.

So it’s safe to say he’s accomplished many of your own goals.

We chat with him about all of that, his advice to recent graduates and current students just starting out, and what it takes to start your own firm and become a successful investor:

Management Consulting: Got Transferable Skills?

Your 6-Month Step-by-Step Game Plan to Finance Interview Prep, Part 2: What to Do in the 2 Weeks Leading Up to Interviews… and the Week After

8 Comments | Recruiting Mindset

Finance Recruiting Timeline, Part 2: The Last Minute“If it weren’t for the last minute, nothing would get done.”

-Rita Mae Brown

Welcome to Part 2 of the Interview Game Plan Preparation! If you’ve missed what you should do during the first five months, make sure to read Part 1 here.

The first 5 months of your interview prep were all about building a sound foundation, so the last few weeks before interviews begin are mostly about fine-tuning that foundation in the wake of mounting pressure and limited time.

This time around, we’ll turn our attention to what you need to do 2 weeks before interviews, 1 week before interviews, and then go down to days, hours, and minutes before interviews.

In this article, you’ll learn:

  • How to find “insider information” (the legal kind) on specific companies and use that to gain a big leg-up in interviews
  • How you can anticipate and prepare for specific questions in advance
  • What you should avoid doing in the 48 hours to 24 hours before an interview… that other people sometimes claim is a good idea
  • How to build your confidence right before the interview

Two Weeks Before the Interview – Deals and Networking