Although it is such a common and popular question, many people are trumped when they are asked the following question during interviews: “Why investment banking?”
It is a very important query in the sense that a good answer to it determines whether it will be a successful interview, or not.
As it stands, there are quite a few ways you can approach the question. There is a huge selection of points that you can make, but it is wise to keep your answer short and sharp. A good response will contain about three to five solid reasons as to why you chose investment banking as a career. It is very vital that you do not lie or try to manipulate the question, but approach it with honesty. You should also avoid reasons that are self-centered in a ‘bad’ way.
So, how should you formulate your answer? A good reason to “why investment banking” is to define the nature of work that you will do – analyzing, problem-solving, and other real-world focused jobs. Try to bring up real-life examples of various problems that you have solved in courses during college or internships. Another solid reason may be to bring up the specific industry or product group that you are interviewing with. When talking about a definite group, try to bring up specific and tangible examples that your interviewer can relate to. Finally, you should emphasize the importance of the role investment banks play within the world of business. Try not to sound smug or endearing; make your response formal and logical, which will help your case with the interviewer.
There are a lot more ways you can approach the “why investment banking” question during interviews. Coming up with a response on-the-spot may be difficult, which is why it is advisable to formulate a solid response before going in. The above are just a few of the many reasons that you can use.