Denver Recruiters & Staffing Agency - Investment Banking Entry Level Jobs Target High Achievers
|Megan - Sales Assistant - Investment Banking, Municipal Securities|
- 05/26/2013 |
- 1237 Views
An investment banking career involves raising equity and debt capital for companies, and is an attractive option for recent Denver university graduates or professionals with a few years of experience.
While competition for these positions can be downright ferocious and the hours daunting, the profession remains a highly-lucrative option for young professionals looking to earn high levels of income, and a burning curiosity and desire to explore this field.
But how do you get that coveted interview, and most importantly, do you have what it takes to advance your career in such a competitive, challenging, demanding and stressful environment?
Denver Investment Banking Firm Specializes in Municipal Securities Completes $54+Billion in Capital Projects
Since 1979 J. Kent Staffing in Denver, Colorado has conducted many searches for its investment banking clients.
Recently, we were again engaged by one of our investment banking clients that structure, underwrite and market taxable and tax-exempt municipal securities. Our client whose foundation was established in the 1920’s is a national company with offices throughout the United States. The venerable organization with more than $54 billion of capital projects has underwritten colleges and universities, independent and public K-12 schools, single and multifamily housing, highways, airports, hospitals, public power infrastructure, stadiums, convention centers, criminal justice facilities, and government buildings.
J. Kent Candidate Departs for Graduate School – Creates Vacancy for Investment Banking Sales Assistant
Several years ago J. Kent conducted a Direct Hire Search for an entry-level, investment banking Sales Assistant for their Denver operation. With investment banking now in his blood, and the attainment of the licenses required, the successful Sales Assistant hired 3 years ago made a career decision to return to school and get a MBA, in order to continue to advance his career in the field of investment banking. The company was now seeking a replacement and looking to interview only the “best of the best”.
Investment Banking Entry Level Job Target High Achievers
Denver investment banking recruiting and staffing targets high achievers as the requirements for the barriers to entry are very specific. Even though several years of some type of corporate experience is required, preferably in finance, typically investment banking hiring managers look for the following:
- High academic achievement
- Involvement in campus leadership positions
- Effective team players with excellent communication skills in order to avoid disconnects and wasted effort. Investment banks communicate with external parties such as clients, accountants, consultants and lawyers. Furthermore, many client representatives tend to be extremely scrutinizing, well-respected and often short-tempered, and you'll need to know how to deal with them.
- Internships or some work experience at well-regarded companies and nonprofit organizations
- Work stamina
- Ability to be able to convey raw mental and emotional horsepower
- A solid sense of direction in terms of goals and objectives and credible step-by-step supporting actions that have been taken to arrive at those objectives.
- Minimum requirement for a basic understanding of finance enhance your interview chances
- A passion and determination to explore investment banking as a career
Denver Recruiters Review 175 Candidates for Investment Banking Sales Associate Job
The Denver recruiting process was demanding. During the 2 month recruiting effort, J. Kent’s Direct Hire Recruiters reviewed more than 175 candidates for the position. Five were selected for the first round of interviews and 2 made it to the fourth cut. Megan, a Denver native and Cherry Creek High School Graduate, remaining calm and professional, finally received the job offer with an excellent compensation and benefit package, and bonus potential. Here is Megan’s background:
- BS in Business Administration, Major in Management and a Minor in Art History, Bucknell University founded in 1846
- GPA 3.77 – Graduated with Honors; Dean’s list all semesters
- Studied abroad for 1 semester in Florence, Italy – lived with an Italian family and studied Art History
- Internship with international, London based communications company
- Three years’ experience in New York City as Sr. Account Executive; Investor Relations (Latin American Companies) with global leading independent Public Relations, Government Relations, Investor Relations and Events Consultancy.
Securities License Certification Required for Sales Associates
When you are a young professional you continually have to work hard to make it to the next milestone. Certification is required to become a registered Sales Assistant who can accept and process unsolicited securities trade orders placed by clients. Therefore, one of the requirements for these positions are obtaining several securities licenses.
As an investment banking firm, the company is subject to Securities & Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulations. Therefore, larger securities firms, such as our investment banking client, require rigorous qualifications, insisting their Denver Sales Associates must also obtain Series 7, 52 and 63 licenses in order to perform the requirements of their position. These tests must be taken and passed within three months of hire.
Megan Up Early, Hard at Work and Certified
Megan is a Denver Sales Associate working in the area of “major institutional bond funds” that require trading of large blocks of bonds (both buying and selling).
Sources: wikipedia.org, about.com