Networking Bank International

BANK INTERNATIONAL: Networking in the banking sector it is inside information

I thought we would have to start with the obvious aim of networking in the banks, you are helping to develop and insiders "active" style of the CIA!

This seems simple enough, but you have to realize not all insiders are created equal.

Since your main goal is to share insider tips for recruiting, coaching find, reference, interview you and give you your CV, it is you are looking for young bankers, most should. that is, not HR, not back office, not even the senior bankers.

We say this because if we also networking them were in the banking business as a student (and later as a banker us), we have an optimal balance between the utility (the thing started to value to you) discovered and responsiveness (they will actually respond to your e-mail) is a junior banker.

In contrast, someone like an investment bank HR representative, but nice and always willing to ply with sofas and cocktails (reactive), is not really in any position, you also have some information to help recruit minors (not very useful).

Meanwhile, the back office can be useful (we go through in the next tutorial) and will probably return your e-mail (response), but are still a Plan B, at best, given their lack of experience of front- office.

While senior bankers are very useful, it is the sad reality is that they do not FF through you - at least when it comes to networking. You will start looking at you if you walk into an interview SuperDays you sit far from the participation of their team, but in the meantime, we will recruit farmers Excel Monkeys in lower levels of IB World ( Junior aka bankers).

Let me conclude by saying that although the purpose of networking in the banking sector is blindingly obvious and important in any industry to be sure, the difference is that banks in the odds of landing a place straight out of college can be a 1000-1 Bounce - so who knows you, you can get from "no hope in hell" to "the hole". It can make all the difference.

To see if the banks really for you

If you've read the stories of war sufficient for investment banking rivals barbarians at the gate and you're still convinced you want to have an investment banking analyst, then congratulations! But now you must use the network to meet a banker real life and whether the stories of both happy and evil are real - even if the work for you.

Just to share a beer with a bankers often enough to decide whether the investment bank of all, what is your vocation or not.

Now the reason I want you to achieve this is not the "right" choice and "do something you love." None of that shit hippie. I'm not your daffodils inspired pinball and advise Career lollipops!

Instead, I hope you enjoy networking in banking, to understand a variety of real and honest reasons why the rules of the IB and why it resonates so strongly with you. Because with this well thought out and articulated answers in hand, followed the interview time, the MD-sitting across from you, asks: "Why the hell should work you want to get 100 hours in the week for us, "Is there a list eloquent and passionate response of reasons.

Investment Banking International

BANKING WORLDS: The thing to learn is to disseminate practical comps.

So if you get your hands on a couple of full (financial statements, calculations, explanations, and final results), auto-learn / reverse and then it spread comps again and again before the summer, you'll be fine.

This task trainee investment bank, which is less difficult than it appears and in a few hours you will distribute as you breathe ... without thinking too much!

Especially if our advice before, followed - print, outside of a 10K and a few 10qs now make them familiar with and you will know how to find / set / read the data you need to create speed dial.

With all that said, if you are finally asked to comps during your internship, please distributed approach the task with caution.

Sense, even if you have spread your hundred compositions in summer, to walk slowly. Triple-check numbers, read the 10k and 10q bazillion times, and the sense to check into the hell out of it!


This last point (check the meaning) is incredibly important, because if you turn with a series of compositions, and I have a quick glance they look wrong (that's without even referencing of financial statements), because they are simply illogical numbers, you see like a Arnold in Kindergarten Cop!

Remember that all investments with the bank's internal functions, your goal is "not think" that will impress your banker with speed like it. Precision speed advantages.


PS Spreading as a quarrel or contest?

Well yes, but the advantage is that you leave a number, the bankers to make important decisions to make - that their important work to some degree.

Often senior bankers use comps to sell customers an idea of ​​how "Company X Hey, look, your debt ratio is very low compared to Fannie Mae, we believe you should do a half-billion dollar problem debts and give us an percent heavier than lead. "Excellent!

Banks International Worlds

BANK WORLDS INTERNATIONAL: It is impossible to be in international trade without the Bank for all services provided to them such as advice on financial issues and risks. It is true that one critical hurdle for SMEs, the lack of information on international trade processes, documentation and banking procedures necessary to exercise with foreign business partners. For the result of international trade-oriented and cost-effectively, you will probably need access to accurate and timely information and knowledge about the banking sector.

Payment methods in international trade

Of course, all payments in international trade will be done by the bank or by bank transfer or check with the latter rather not not the fastest. Below are some common ways of payment in international trade.

1st Bank project is a cheaper alternative and easier to obtain, but there is a risk of loss in transit. The only advantage he has to check is quicker credit that the exporter receives.

2nd Letter of Credit. This instrument of trade is mutually beneficial for both sides. The exporter gets paid when he received a copy of the Bol (waybill) from the shipping company and the LOC, the Bank shall, regardless of whether the shipment reached its destination or not.

3rd Transfer is by far the fastest and the cheapest option to transfer the importer requests his bank the amount into the bank account of the exporter. The first time the transfer takes place in about 10-15 days, depending on destination and delivery of the bank. International transfers are carried out by intermediary banks / correspondent banks.

4th Although not on a grand scale, some manufacturers in China accept Paypal for smaller amounts, like U.S. $ 5000, require an additional 3% on the fees charged. Paypal is the quickest and easiest method of payment in international trade.