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Cover Letter Example
[60, Wall Street]
[New York, NY 114109]
[November 10, 2020]
[Corporate Hiring Manager]
[999, Greenwich Street]
[New York, NY 09898]
Dear Mr. Allen,
I am writing this letter to express my interest for the Investment Banking Analyst position posted on [website URL] at [Investment Bank]. As someone with strong analytical and financial modelling skills, I would enjoy taking on this role and leveraging my current expertise to contribute to [IB’s] vision to deliver sustainable growth and long-term value.
To shortly introduce myself, my name is [Julia Wright] and I am currently pursuing a master’s degree in Finance at the University of Pennsylvania with an expected completion date of August 2021. I am thrilled about the opportunity to work as an investment banker at [IB] because it will not only improve my financial modelling, valuation and excel skills, but also help me understand the nature of large corporate transactions. I’m aware of the long hours and strict hierarchy, but it certainly doesn’t outweigh the opportunity of helping clients achieve important business objectives.
In 2020, I graduated summa cum laude (4.0 GPA) with a bachelor’s degree in Business Administration and relevant coursework in the areas of mathematics, economics and accounting. During my internship at [Company X], I’ve contributed to 5 M&A deals totalling in excess of $2.7 billion, serving as an investment banking analyst involved in financial modelling and valuation. I’ve been praised by one of my seniors for maintaining consistency, clarity and efficiency, especially in my executive summaries (see references).
I welcome the opportunity to discuss my candidacy and demonstrate my ability to build financial models. The attached resume includes detailed information on [subject]. If you have any questions concerning my application, you can reach me at [000-000-0000] or [Email Address]. Thank you for your time and consideration.
Writing Tips For Investment Bankers
- Use the appropriate font and font size: ‘Calibri’, ‘Arial’ or ‘Times New Roman’ with a 10 to 12 point font size is most suitable. Furthermore, stick to a word count of around 300 to 400 words and four paragraphs.
- Make sure to personalize your cover letter. For example, know to whom you need to address your letter to and include a name in the salutation. You can write: ‘Dear Mr. Allen,’ or ‘Dear Ms. Allen,’. Try to avoid generic openings like: ‘Dear Sir or Madam,’ ‘Dear Hiring Manager,’ or ‘To whom it may concern,’.
- Include industry specific skills and personal traits. For example, an investment banker needs to have some financial modelling and analytical skills. Make sure you relate your qualifications to the job requirements listed in the vacancy.
- Don’t list your qualifications like you do in your resume, but instead provide context. For example, make it quantifiable with numerical and statistical information. What have you achieved in numbers, statistics, or awards you’ve been granted.
- Keep your cover letter short, concise and to the point. There is no reason to write more than a one page document. If you do have enough experience to cover multiple pages, then you need to do it on your resume instead.
- When you apply to traditional roles in investment banking or private equity, avoid doing anything creative or trying to appear “interesting”. Save that for actual networking and interviews, because it will only backfire when included in your cover letter.