{"id":25468,"date":"2019-08-15T16:55:04","date_gmt":"2019-08-15T21:55:04","guid":{"rendered":"https:\/\/wp.stolaf.edu\/pipercenter\/?page_id=25468"},"modified":"2025-10-31T16:42:08","modified_gmt":"2025-10-31T21:42:08","slug":"investments-and-capital-markets","status":"publish","type":"page","link":"https:\/\/wp.stolaf.edu\/pipercenter\/investments-and-capital-markets\/","title":{"rendered":"Finance, Banking, Investments and Capital Markets"},"content":{"rendered":"<div data-modular-content-collection>\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Key Career Info: Finance<\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">About the Industry Area<\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/wp.stolaf.edu\/pipercenter\/careers-in-finance\/\" data-type=\"link\" data-id=\"https:\/\/wp.stolaf.edu\/pipercenter\/careers-in-finance\/\">Unique Pathways for Investment Banking<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.theforage.com\/blog\/careers\/careers-in-finance\" data-type=\"link\" data-id=\"https:\/\/www.theforage.com\/blog\/careers\/careers-in-finance\">20+ Popular Careers in Finance<\/a> (Forage.com)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.proformafutures.com\/\">Pro Forma Futures<\/a> &#8211; resource with helpful information, templates, and resources <\/li>\n\n\n\n<li><a href=\"https:\/\/www.investopedia.com\/articles\/financial-careers\/08\/financial-career-options-professionals.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Financial Career Options for Professionals (Investopedia)<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.onetonline.org\/find\/career?c=6\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Finance Career Cluster (O*NET)<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/c\/corporatefinance.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Breaking Down \u201cCorporate Finance\u201d<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/docs.google.com\/document\/d\/1M4ZukGqlYXs6yay9-D4NVdt3cTCJ_PfL6fVgCw4vL-0\/edit#\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span style=\"font-weight: 400;\">See Also: Investments &amp; Capital Markets<\/span><\/i><\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><i><span style=\"font-weight: 400;\">Asset Management<\/span><\/i><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Commercial Banking<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Investment Banking<\/span><\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/wp.stolaf.edu\/pipercenter\/finance-fast-track\/\"><i><span style=\"font-weight: 400;\">Finance Fast Track:<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> The suggested four year curricular and co-curricular sequence for students interested in finance and banking careers.<\/span><\/i><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Student Involvement Opportunities<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\"><a href=\"https:\/\/stolaf.presence.io\/organization\/undergraduate-women-in-economics-and-allies\" data-type=\"link\" data-id=\"https:\/\/stolaf.presence.io\/organization\/undergraduate-women-in-economics-and-allies\">Women in Business<\/a><\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Student employment: Business Office<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Student employment: Teaching Assistant for economics or management studies courses<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Treasurer of student clubs\/organizations<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Financial Officer for the Student Government Association, Student Organizations Committee, Volunteer Network, or the Pause Pizza Kitchen<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Pillars of Wall Street<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Lynda.com \/ LinkedIn Learning\u2019s Excel Tutorials<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Recruiting Context<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">General finance recruiting is heavy on fall semester side (both internship and full-time interviews are predominantly done in late September\/early October).&nbsp; Some firms and companies wait until spring. Investment banking recruiting is primarily conducted through summer internship conversion. While it varies by firm, investment banking internship applications will typically begin in the spring of the sophomore year to secure summer internships after the junior year.&nbsp; Interviews typically take place in the spring and summer&#8211; up to a full year before the internships begin.&nbsp;<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Job Postings<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">St. Olaf\u2019s Handshake database<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Check company websites directly!<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Indeed.com<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">LinkedIn<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Glassdoor.com<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Professional Groups&nbsp;<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.cfasociety.org\/minnesota\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">MN CFA Society<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Additional Resources<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.wallstreetoasis.com\/finance-interview-questions-and-answers\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Common Technical Finance Interview Questions<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Asset\/Wealth Management<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.wallstreetoasis.com\/finance-dictionary\/what-is-asset-management-am\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What Is Asset Management?<\/span><\/a><span style=\"font-weight: 400;\"> (Wall Street Oasis)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.forbes.com\/sites\/feeonlyplanner\/2018\/04\/20\/what-is-wealth-management-a-definition-that-works-for-everyone\/#2af4fee12dfb\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What is Wealth Management?<\/span><\/a><span style=\"font-weight: 400;\"> (Forbes)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/smartasset.com\/financial-advisor\/asset-management-vs-wealth-management\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Asset Management vs. Wealth Managemen<\/span><\/a><span style=\"font-weight: 400;\">t (Smart Asset)<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Commercial Banking<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/c\/commercialbank.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What Is Commercial Banking?<\/span><\/a><span style=\"font-weight: 400;\"> (Investopedia)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=W-vc9C9WiyQ#action=share\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Commercial Banking vs. Investment Banking<\/span><\/a><span style=\"font-weight: 400;\"> (Wall Street Mojo)<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Corporate Development<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/careers\/jobs\/corporate-development-guide\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What Is Corporate Development?<\/span><\/a><span style=\"font-weight: 400;\"> (Investopedia)<\/span><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Investment Banking<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/careers\/jobs\/investment-banking-overview\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What Is Investment Banking?<\/span><\/a><span style=\"font-weight: 400;\"> (Corporate Finance Institute)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/corporatefinanceinstitute.com\/resources\/careers\/jobs\/what-do-investment-bankers-do\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">What do Investment Bankers Do?<\/span><\/a><span style=\"font-weight: 400;\"> (Corporate Finance Institute)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wallstreetmojo.com\/sell-side-vs-buy-side\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Buy Side vs. Sell Side<\/span><\/a><span style=\"font-weight: 400;\"> (Wall Street Mojo)<\/span><\/li>\n\n\n\n<li><a href=\"http:\/\/www.wallstreetwannabe.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Wall Street Wannabe<\/span><\/a><span style=\"font-weight: 400;\"> (Industry guide created by Carlson Alum Dino Bilankov)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wallstreetoasis.com\/investment-banking-industry-reports\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">2018 Investment Banking Industry Report <\/span><\/a><span style=\"font-weight: 400;\">(Wall Street Oasis)<\/span><\/li>\n<\/ul>\n\n\n\n<p><i><span style=\"font-weight: 400;\">See Also: <\/span><\/i><a href=\"https:\/\/docs.google.com\/document\/d\/18l_FBEG2J5ZCSFBtCQC6oVXGcLxlctiWGSemO5St9fw\/edit#heading=h.3ytwrojxovyr\" target=\"_blank\" rel=\"noopener noreferrer\"><i><span style=\"font-weight: 400;\">Key Career Info for Finance<\/span><\/i><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/wp.stolaf.edu\/pipercenter\/finance-fast-track\/\"><i><span style=\"font-weight: 400;\">Finance Fast Track:<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> The suggested four year curricular and co-curricular sequence for students interested in finance and banking careers.<\/span><\/i><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Student Involvement Opportunities<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/stolaf.presence.io\/organization\/finance-club-2\">Finance Club<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/stolaf.presence.io\/organization\/investment-club\"><span style=\"font-weight: 400;\">Investment Club<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/stolaf.presence.io\/organization\/women-in-business\"><span style=\"font-weight: 400;\">Women in Business<\/span><\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/www.girlswhoinvest.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Girls Who Invest<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/pillarsofwallstreet.com\/\"><span style=\"font-weight: 400;\">Pillars of Wall Street<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.linkedin.com\/learning\/\"><span style=\"font-weight: 400;\">Lynda.com \/ LinkedIn Learning\u2019s Excel Tutorials<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Recruiting Context<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Recruiting change in Spring 2018: Bulge Brackets moved recruiting to April for the following year and many others followed suit<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wsj.com\/articles\/goldman-jpmorgan-hit-pause-on-intern-recruiting-madness-1540819063?emailToken=4cde80cc66feea2c5d87a5e2899d3581vth4T\/MQy7eSrZdIJBNNeN6wMEpFqAUJOu8a6zMUdEwYTG5poHxWB0fVPcyFoa33cilVNgIO2nLnmC9mOgKwRAX46mCIXgMcCmzVy1GNUP8DDtlQNdDSWvQhZDjlB+F+&amp;reflink=article_email_share\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">October 2018 Update<\/span><\/a><span style=\"font-weight: 400;\">: Goldman and JPMorgan announce they will revert back to fall of junior year for internship recruitment<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Sophomore leadership and diversity programs are an important recruiting mechanism in this industry. They often \u201cfast track\u201d candidates for interviews or summer internship experiences. Be active in the spring semester of sophomore year on company websites for applications.&nbsp;<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Investment Banking resumes tend to follow a highly-specified format. Review the following resources for information and samples:<\/span>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.mergersandinquisitions.com\/free-investment-banking-resume-template\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Investment banking resume template for university students<\/span><\/a><span style=\"font-weight: 400;\"> (Mergers &amp; Inquisitions)<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wallstreetoasis.com\/forums\/investment-banking-resume-template\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Investment banking resume guide<\/span><\/a><span style=\"font-weight: 400;\"> (Wall Street Oasis)<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Job Postings<\/span><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">St. Olaf College\u2019s Handshake database<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/docs.google.com\/document\/d\/1VyTFeRJDXklZ6we4BVQ26vlTwzdTH3fdp2WLeIu7o6c\/edit\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Finance Diversity Recruitment Programs<\/span><\/a><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Check company websites directly! Many postings require you to act right away.<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wellsuited.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Suited<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Technical Interview Prep Resources<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Key topics: What\u2019s investment banking (capital raising, advising); valuation approaches (DCF, trading comps, precedent transactions, LBO); accounting\/financial statements and how they are related (income statement, balance sheet, cash flow statement); current market knowledge<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Bryan: Let\u2019s develop a website to put all of our finance prep materials behind a firewall just like we do for consulting.<\/span><\/li>\n\n\n\n<li><a href=\"https:\/\/www.wallstreetoasis.com\/finance-interview-questions-and-answers\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Common Finance Technical Interview Questions<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.amazon.com\/Investment-Banking-Valuation-Leveraged-Acquisitions\/dp\/1118656210\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Investment Banking: Valuation, Leveraged Buyouts, and Mergers &amp; Acquisitions<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.mergersandinquisitions.com\/banker-blueprint\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Banker Blueprint<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Professional Groups&nbsp;<\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.cfasociety.org\/minnesota\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">MN CFA Society<\/span><\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/women-wave.org\/index.php\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Women\u2019s Association of Venture and Equity<\/span><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/100women.org\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">100 Women in Finance<\/span><\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/www.swsatuva.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Smart Women Securities<\/span><\/a><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Key Career Info: Finance About the Industry Area See Also: Investments &amp; Capital Markets Finance Fast Track: The suggested four year curricular and co-curricular sequence for students interested in finance [&hellip;]<\/p>\n","protected":false},"author":1238,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-25468","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/pages\/25468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/users\/1238"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/comments?post=25468"}],"version-history":[{"count":20,"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/pages\/25468\/revisions"}],"predecessor-version":[{"id":50371,"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/pages\/25468\/revisions\/50371"}],"wp:attachment":[{"href":"https:\/\/wp.stolaf.edu\/pipercenter\/wp-json\/wp\/v2\/media?parent=25468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}