Search
Read Your Way to Wall Street

Read Your Way to Wall Street

Investment banking is one of the toughest fields to break into, because literally thousands of people apply for each opening that doesn’t involve selling securities to individual investors. You’ll need all the help you can get to land an interview and win a position in analysis, institutional sales or trading.

While most entry-level Wall Street openings are filled via on-campus interviews at Ivy League schools or through personal referrals, job candidates with the right credentials and a bit of luck can still break into the business.

It helps to know the road ahead. Reading the right combination of Wall Street memoirs, job-hunting guides and select nonfiction books will give you a better idea of what you face when planning and executing an investment banking job search.

To get an idea of what’s involved in the investment banking hiring process, start with The Fast Track: The Insider's Guide to Winning Jobs in Management Consulting, Investment Banking, and Securities Trading by Mariam Naficy, a former Goldman, Sachs & Co. analyst. Naficy gives you the inside scoop on what consultants, analysts, traders and bankers do and how they’re recruited. While the company profiles are stale (the book was published in the late ’90s), it’s a very easy read that explains the recruitment and interview process in detail.

Distinguish Employers

Now that you have the broad view of the industry, you’re ready to read about individual companies. Start here at Monster’s Research a Company section. Next, read The Vault.com Career Guide to the Top Investment Banking Firms.

You can also take a closer look at what goes on in individual companies by reading Monkey Business: Swinging Through the Wall Street Jungle, John Rolfe and Peter Troob’s lighthearted, crass memoir recounting their days as junior analysts for Donaldson, Lufkin & Jenrette.

And speaking of crass, Bloomberg reporter Susan Antilla’s Tales from the Boom-Boom Room is a well-written exploration of the sexual harassment and intimidation faced by women at Smith Barney in the 1990s. This is a must-read for any woman considering work in investment banking.

Interview Help

If you manage to score an interview, prepare yourself by reading The Vault Guide to Finance Interviews, 6th Edition, and two WetFeet Guides, Beat the Street I: Investment Banking Interviews  and Beat the Street II: I-Banking Interview Practice Guide. If you’re sure you’re getting the interview, Heard on the Street: Quantitative Questions from Wall Street Job Interviews by Timothy Falcon Crack can help you rehearse your responses to quant questions.

On the Job

Once you’ve landed a position in investment banking, you’ll need a guide to succeeding on the job. Working the Street: What You Need to Know About Life on Wall Street by Erik Banks, a former Merrill Lynch managing director, shares the inside scoop on navigating company politics and how investment banking really works.

Other Options

Given that the odds are stacked so far against the job hunter in investment banking, it might be a good idea to formulate a plan B. To help you figure out what else you might want to do in finance, read The Harvard Business School Guide to Careers in Finance, 2002 edited by Ying Liu. Written for MBAs, but also beneficial for undergrads, the book describes what finance grads do in a variety of positions at a slew of companies. After reading the guide, if you don’t end up getting the call from Wall Street, you might find an even better job was out there all along.

Latest Jobs

ebay, inc
Posted: 04/17/2014
San Jose, CA, 95125
AutoNation, Inc.
Posted: 04/17/2014
Tustin, CA, 92782
Cognizant Technology Solutions
Posted: 04/17/2014
Fremont, CA, 94536
CBDriver.com
Posted: 04/17/2014
Berlin, CT, 06037

Want more personalized results?  Update Your Profile

 
 
 

Monster Communities

Teaching Community
Where teachers meet and learn.
ArtBistro
Create and connect.
Excelle
Networking for the career-minded woman.
Nursing Link
Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships
Scholarships, financial aid and more ways to pay for school.
Education.org
Find top campus and online degree programs.
Military.com
Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid
Scholarships & financial aid.
Staffing for Government Jobs
Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You
If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.

Interviewing

100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

Alt text
November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

For Seekers

Campus and Online Degrees
Advance your career and earn more with an online degree.
Free Salary Wizard
What are you worth? Find out and negotiate a better salary.
Research Careers
Get information on jobs and career paths to help guide your choices
Questions & Answers
Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service
Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services
Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks
Explore our background check packages to improve the quality of your hires.
Hiring Home Page
Find the best candidates for your business with Monster hiring solutions.
Job Postings
Find the right solution for your hiring needs. Starting at $99.
Power Resume Search
Monster's new search technology precisely matches people with your jobs.
Resource Center
Find staffing insights, labor trends, HR best practices and more.
Target Post
Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter
Find jobs in your area and industry.
Monster Careers
Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR
Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service
Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers
Find advice on hiring.
Follow Us
Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Other Links

Monster Company Profiles
Explore companies and get information to guide your career decisions.
Compare Salaries
See how your pay stacks up to others in your field.
iPhone Application
Download the Monster app for iPhone and iPod touch.
Monster Job Seeker Blog
Monster Job Seeker Blog.
Monster Thinking Blog
Monster's Recruitment Trends Blog.
Jobs & Career Resources
Search Jobs:
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.6-310
eTrustLogo