Best cover letter for investment banking (5 samples)

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Page last updated: 19/10/2022

This article will show samples of “cover letters for investment banking.”

Writing a cover letter for investment banking

When writing an investment banking cover letter, these are some of the important things to include in your letter:

  • Include the requirements listed in the job description. 
  • It would be best to connect your most relevant qualifications with the job position. It helps employers see why you’re a great fit for the role. Also, you can highlight the investment wins you have heard to prove you’re more than capable
  • Check your grammar and proofread your letter. It is a way of showing employers your ability to write comprehensive, error-free messages.

The best format for writing a cover letter is:

  • Address the employer with a formal salutation. For example, “Dear/Hello (name of the recipient).” If you do not know the name of the recipient, you can refer to them as the hiring manager.
  • The next step is to state the position you are applying for and how you found the opening. 
  • Make a brief statement about why you’re interested in the position. Write a paragraph about why you are the perfect banker for the job.
  • State your skills and work experience. Ensure your skills and experiences are similar to the job position. When highlighting skills, provide the accomplishment you have achieved. 
  • Conclude your letter with a forward-looking statement. For example, “I look forward to discussing the position with you further.”

Sample 1: “Cover letter for investment banking”

“[Your name]

[Street address]

[City, state, zip code]

[Phone number]

[Email address]

[Hiring manager’s name]

[Hiring manager’s title]

[Company name]

[Company’s street address]

[City, state, zip code]

Dear [hiring manager’s name],

With my [education or experience], I feel I’d be a fantastic fit for the open [job position] at [company name]. My skills in [skill one, skill two and skill three] truly qualify me for this particular job. I’m certain my experience and education, paired with [company name’s] resources, will lead to profitable outcomes.

My time at [previous employer] gave me the opportunity to [experience and accomplishment]. Specifically, I [outcome]. Additionally, I:

[Quantify outcome one]

[Quantify outcome two]

[Quantify outcome three]

[Company name] is known in the industry for [positive impact or workplace accomplishment]. Since I have substantial knowledge [related skill or experience], I know I’ll be able to [potential outcome].

I would love to speak further about the [job title] opportunity at [company name] and discuss in detail how I can help you reach [goal].

Sincerely,”

Sample 2: “Cover letter for investment banking”

“Ryan Towson

135 Main Street

Granville, North Carolina 55221

555.555.5555

ryan.towson@email.email

Jane Reynolds

Hiring Manager

Base Bank

71 Broadway Avenue

Granville, North Carolina 55221

Dear Jane,

With my previous experience as a financial analyst, I feel I’d be a fantastic fit for the open senior analyst position at Base Bank. My skills in research, leadership and communication truly qualify me for this particular job. I’m certain my experience and education, paired with Base Bank’s resources, will lead to profitable outcomes.

My time at Horizon Bank allowed me to develop and hone my analytical skills and work on some fascinating projects. Specifically, I was part of the team that led to a company-wide portfolio increase for all our customers. Additionally, I:

Increased the average rate of return for our customers from 9% to 11%.

Created thorough forecasts for our 10 largest clients, leading to an additional 5% of investment funds.

Led a team of three other analysts in developing an innovative new investing strategy that increased Horizon’s profits by 12%.

Base Bank is known in the industry for its commitment to customer outcomes and honest reputation in the banking industry. Since I have substantial knowledge in communication and analysis, I know I’ll be able to help Base Bank’s customers reach their short- and long-term investing goals while maintaining Base Bank’s stellar reputation.

I would love to speak further about the Senior Analyst opportunity at Base Bank and discuss in detail how I can help you reach your company and client goals.

Sincerely,

Ryan Towson”

Sample 3: “Cover letter for investment banking”

“5022 Western Avenue

Chicago, IL 60648

312-555-1234

jay.bird@yahoo.com

August 21, 2018

Ms. Claudia Sunday

Goldman, Sachs, & Co.

85 Broad Street, 12th Floor

New York, NY 10004

Dear Ms. Sunday:

I read your advertisement on Bloomberg and would like to apply for the Associate position in Mergers & Acquisitions with Goldman Sachs. Goldman’s focus on strategic, financial and M&A problem-solving in addition to your culture of exceeding customer expectations by creating breakthrough creativity in an intense team-oriented, goal-driven and firm-first environment, is very attractive to me.

I have a strong, proven record of understanding and changing organizational systems, and working in unstructured and structured environments. My personality, integrity, leadership, and strong analytical and planning skills have helped me successfully lead and manage teams to resolve major issues and finish large projects ahead of schedule and under budget. As a result of my in-depth financial and operational analysis, and resulting decisions, BMI became profitable for the first time after five straight years of loss.

At my most recent job, I convinced my SBU Director to close one of the plants after a thorough financial, operational and personnel evaluation. The harsh decision of laying-off 63 people to help save approximately $6M/year did not affect my decision/analysis. As a member of the senior staff, my responsibilities included making the division profitable by deciding on the future strategy for the whole division and improving operational effectiveness.

I look forward to an opportunity to meet with you. Enclosed is my resume for your review. If you would like additional information, I can be reached at 312-555-1234.

Sincerely,

Jay Bird”

Sample 4: “Cover letter for investment banking”

“[Today’s Date]

[Hiring Manager]

[Company Address]

[Company City, State xxxxx]

[(xxx)-xxx-xxxx]

[hiring.manager@gmail.com]

Dear [Mr./Ms.] [Manager’s Name],

My name is Jamie Hass, and I’m writing in support of my application for the Investment Banking Associate position at David Blair & Company. While a Bachelor’s Degree in Finance and a Master’s Degree in Business Administration have given me the fundamental knowledge necessary to be a successful investment banker, it’s the 2+ years at LTA Inc that’s significantly furthered my expertise.

Over the last 2 years as an analyst in the M&A division at LTA Inc, I’ve contributed meaningfully to 6 M&A deals totalling in excess of $3.8 billion, serving as the lead analyst in 3 of these deals. Apart from being integrally involved in valuation and financial modeling for these deals, I was also responsible for maintaining pitch books and ensuring that all stakeholders, both internal and external, had all the information they needed at the right time.

I’ve been praised by my seniors for the attention to detail and clarity in my reports, especially my executive summaries. One of the MDs termed my executive summary for a critical $1.3 billion M&A deal the “most well-written report I’ve come across in years.” I understand how critical data and reports are in decision-making, which is why approach writing even the simplest of reports or updates with utmost diligence.

Another facet of my personality that I’d like to highlight is my networking and people skills. I am proud of my ability to effectively interface with colleagues — be it peers or higher-ups — as well as clients, both actual and potential. In fact, I was assigned a summer intern to assist with my tasks while I was just 10 months into my analyst role, a first in my firm. This is a testament to how quickly I settled into my role and my manager’s faith in my people management abilities.

I’m now ready for a more impactful role in a larger firm, which is what motivated me to apply for the position you advertised. I’ll be happy to answer any questions you have in person or online, at your earliest convenience. I can be reached at (phone number) and (email).

Sincerely,

Jamie Hass”

Sample 5: “Cover letter for investment banking”

“POSITION: Investment Banking Analyst

Dear Hiring Committee,

I am writing to you about applying for the CIB Risk Analyst position and I am thrilled at the opportunity to present my portfolio for your consideration. I am strongly interested in the field of risk management and I am captivated by the idea of mastering this art at JP Morgan, the leading financial services company, especially after going over the very enlightening CIB risk challenges on JP Morgan’s website.

I am majoring in Financial Mathematics, and my background involves not only strong quantitative abilities but also keen social acumen and excellent communication skills, which were further enriched through my extensive experience as a student assistant. Even though this work experience did not directly relate to the financial field, it nevertheless became quite significant, since it helped me explore, grasp and apply the concepts of office ethics, as well as team building and leadership skills. By nature, I am a planner and would feel comfortable working on projects involving heavy time management and task coordination.

Thank you for your time and consideration. I am very excited about this internship and would greatly appreciate the opportunity to discuss my qualifications. You may contact me at your convenience.”

Frequently Asked Questions: Writing a cover letter for investment banking

Does Goldman Sachs require a cover letter?

Yes. According to a former recruiter at the firm, writing a cover letter is vital. Goldman Sachs historically demanded that recruits write a 300-word personal statement as a cover letter.

Does Bank of America require a cover letter?

Yes. Unless companies explicitly tell you not to include a cover letter because they don’t want them, it’s often an acceptable practice to begin your resume document with a cover letter page. 

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Citations

https://zety.com/blog/investment-banking-cover-letter-example#:~:text=An%20introductory%20statement%20that%20grabs,a%20strong%20call%20to%20action
https://corporatefinanceinstitute.com/resources/careers/resume/investment-banking-cover-letter/
https://www.indeed.com/career-advice/resumes-cover-letters/cover-letter-for-investment-banking