Citi recently ran an event on campus which gave valuable inside information on how to be successful in your applications for internships and/or insight courses. Their advice is relevant not just for Citi, but for other investment banks too. Joanna, who ran the session, has worked for both Citi and Barclays and knows a great deal about the do’s and don’ts for graduates. So read on (and if in doubt about how to put this advice into practice, come to Careers for support)…
- Get involved as early in your course as you can. Doing an insight course will give you a stronger change of getting an internship. Many graduate hires are previous successful interns, so an insight course really can make a difference.
- Write a cover letter that is concise (no more than one page) and is laid out as a formal letter with your address, the date and appropriate sign-off.
- Use your cover letter to communication your passion for a role in investment banking and with that bank in particular. Be specific. Research beyond what’s on the website so that you can say why it’s Citi (or Deutchshe etc) you want to work for and what business area you are focusing on.
- Use a clear layout with headings for your CV. The advice was that one full page is good. But avoid one and half as it looks as though you have run out of things to say.
- Be meticulous in your application. City alone receives around 30,000 graduate applications a year for its courses, internships and graduate programmes. A typo or lacklustre cover letter will give a busy recruiter the reason they need to dismiss your application and move on to the next one.
- Give up! Yes it’s competitive, but it’s possible. If you don’t get the internship you want, consider reapplying as some schemes flex their criteria e.g. there may be internship places for strong graduates who missed out during their earlier years.
- Think your work is done once you have got a place. Building contact during any insight course or internship is essential and so is keeping in touch one you have moved on.