How to Write a Cover Letter for the Internship of Your Dreams

Whatever your chosen industry, an internship is usually the best way for you to get your foot on the ladder after graduating. This is typically low-paid work, and sometimes you will find yourself working for free; making coffees or running errands for people in high-up positions. But it is all experience, and this kind of placement will give you that first window into your chosen field.

While an internship will look great on your CV, it will also allow you to ‘trial’ working for a firm in your chosen sector, providing some idea of what the future position may hold. But remember – as well as being invaluable experience for you, it is also an opportunity to show prospective employers what you can do.

You should treat your internship like an extended interview. It’s important to make an impression right from the start. Securing a position with a reputable firm is no easy feat, even if it is unpaid. There will likely be hundreds of applicants, all with similar qualifications to you, so it’s important to make yourself stand out if you’re going to be in with a chance.

This means starting with your application. Remember, your covering letter is the first thing a prospective employer will see (even before your CV) so the pressure is on to make a great first impression and put yourself a head and shoulders above other candidates. You may interview well, but you also need to look good on paper to get past that initial application stage.

Firstly, spend some time studying other successful cover letters to gain some insight into what employers are looking for. It’s helpful if you can access applications relevant to your chosen industry – or even geared towards the organisation you’re applying to work for. You could ask family or friends who work in the field for advice, or you could look online.

There is a wealth of resources online to help candidates with job applications, but you may need to delve deep to find ones that are relevant to you. The best way to do this is by performing a Google search. If you’re applying for an internship with a bank, for example, try searching for ‘covering letter for finance internship’, and see what you find.

There are websites set up for this very purpose, but you may need to pay a small fee to gain access to the information you require. This is usually a small investment, and is well worth forking out for. This way, you’ll acquire invaluable access to inside knowledge of the industry you’re applying to work in – and maybe even the exact organisation.

These platforms will allow you to communicate with people who’ve been in your shoes, but now have successful jobs in the industry. Their advice is an incredibly useful tool, and can be used to help you target your application to certain employers and make the best impression.

Take note of the layout and format of the covering letters you see – all these little details will make a big impression on an employer, and could determine the difference between your application being top of the pile, or ending up unread.

Top organisations will receive hundreds – if not, thousands – of applications, and they may not have time to read every single one, so presentation is important.

If you’re not confident about your spelling or literary skills, why not ask a friend or family member to proofread your application for you? Alternatively, you may be able to find a professional online to do it for a small fee. It’s worth making these investments if you want to be taken seriously in your covering letter.

5 Common Mistakes That You Should Not Make If You Want to Get an Internship With a Top Bank

You are a student and you really want to be in a top paid position in a well-known bank. You know that you will probably have to find an internship first. And you are correct; most people working in the finance industry found their first job through an internship.

However, the fact it is an internship does not mean it is easy to get. Recruitment processes in banks are tough because there are so many candidates. You have to understand how they work or you will not maximise your chances.

Here are 5 common mistakes that students make when they apply for an internship in a bank.

1. Apply for the wrong type of internship

Banks have different programs for students, depending on previous internship experience and the number of years of study you have left before graduation. If you apply for the wrong one, your application will likely be discarded.

Usually you start with a spring or an off cycle internship if you have 2 or 3 years left before graduation. Doing this kind of internship is not mandatory, but will increase your chances of getting onto the next programs.

Then, when you have one year remaining before graduation, you can apply for a summer internship. This is really important if you want to get into finance. Banks use these programs to identify those that will enter their graduate programs the following year. If you skip this step, it will be much harder to get onto a graduate program.

2. Only applying for the bank of your dreams

Some students will apply only for the four or five top banks they really want to work for, thinking the others are not worth it. If you are serious about getting into finance, you should not do this. The truth is that you should enlarge the scope of your applications as much as possible. Everybody is applying for the top banks, they are bombarded by applications each year. Even if you maximise your chances with good preparation, it is still not enough to ensure that you will get an internship. There are enough good candidates like you for banks to choose from and sometimes between two similar profiles it can even come down to pure luck.

You also should not compromise what you want to do in order to get into a top bank. Believe me, it is a lot easier to settle for a good fitting internship in a medium ranked bank than an internship in one of the best bank that does not match what you want to do ultimately.

3. Believing that a deadline far in the future means you can wait to send your application

If you want to apply for a summer internship or a graduate program, you should send your application as soon as it opens (ie, usually September of the previous year). While it is true that most banks have deadlines set as far away as March of the year of the internship, you have virtually no chance of being successful with an internship application if you apply just before the deadline. That is because banks do not wait to review applications. They have several interview sessions throughout the year and once they are full they will not even look at other applications. You have to get into the first interview session (usually in October/November). This is when recruiters are most open to “non-perfect” candidates.

4. Thinking that filling the online application is enough

The online application is important and you should put a lot of efforts into it. However, it may not be enough to guarantee success.

There are so many candidates for bank internships that if you want your chances to be high, you need to differentiate yourself from others. Most banks organise events on campuses where you can meet and talk with people from the banks. It is essential that you go to at least one of these events, and that you talk with people there. If you make a good impression, they will give you their business card, then you will be able to tell the HR person that you met with this person and that you had a nice conversation. It will have a very positive impact on your application. If they really like your profile they can even recommend you directly to the HR department. If it happens, congratulations, you are certain to get an interview.

If there are no events on your campus, you can go to the bank career website and look for events organised near your location. Then you can send an application for the event.

5. Focusing too much on finance skills in your application

If you want to work in finance, you need of course to know at least the basics of your field (derivatives, interest rates etc for market finance, the usual valuation ratios for corporate finance). However, recruiters expect every candidate to be knowledgeable on these topics. You also need something that will differentiate your application: add something more to it, such as a technical skill. There are a lot of strong finance-oriented profiles, and a lot of good technical profiles. But there are so few candidates that can combine both skills and they are the favourites of the banks. Today, finance is all about automation and algorithm. Banks know that, and they want their future employees to be comfortable with the new digital age. So learn a programming language (or more than one) and put it on your resume.

Check Out This Opportunity to Learn More About the World of Finance

Getting a taste of the real world jobs out there that pertain to your area of study can be an eye opening experience. You will work side by side those that do this type of work day in and day out. Such information can further fuel your passion for the career path you are on. It may help y to narrow down the specific area of the field you wish to go into.

With a Citi summer internship, you will have an unforgettable opportunity to get onboard for such learning experiences. These positions are limited though so you need to pay attention to the deadlines for applying. You also need to submit all of the requested materials with your application. Otherwise, you may not get that position you really wanted.

Large Financial Institution

They are one of the largest financial institutions available. They want to do their part to help encourage others to get involved in the world of finance. There is a wide spectrum of types of jobs that fall under the umbrella of their services. The various Citi summer internship areas include finance, technology, human resources, global transaction services, and commodities.

Apply for the ones that you are the most interested in. If you apply for more than one, you can only select one to take part in. However, applying in more than one area does improve your chances of being selected. Your dilemma at that point would be deciding which one to accept if you accepted for more than one. That is a bridge you can cross when you get to it!

Who can Apply?

You are eligible to apply for a Citi summer internship if you a junior or senior in college, you are a graduate student, or you have recently graduated from college. In addition to business skills and experience, they are looking for those who excel in the areas of communication and integrity. A passion for a career path in business is a strong asset they look at when deciding.

You can apply for a position in the USA, Africa, Europe, or the Middle East. They have a very diverse business culture with locations all over the world. Being able to work in your location or being able to get an internship in a location you wish to travel can be very appealing.

Payment

It is also encouraging that you will get paid for your participation in a Citi summer internship. This is good news because many companies offer internships that aren’t paid. They feel the experience they teach you is compensation enough. Being able to work for an excellent company like this and get paid to do so is the icing on the cake!

The amount you will earn depends on where you work and the common entry level salary offered by Citi Bank in that area. The specifics about work hours and payment for the position can be discussed once the offer is extended to you.

Application that Rocks

As you can imagine, there are plenty of people applying for the various opportunities. You need an application that rocks to be considered for one of the Citi summer internship positions. Complete the application neatly and providing as much information as possible. Your supporting documents including your resume and cover letter need to be exceptional.

Focus on sharing your experiences, your education, and your future goals relating to the world of business. You will need to provide letters of recommendation so ask for those early. Get them from professionals you have worked with, long term family friends, past employers, and others who know your work ethic and character. The Citi summer internship can be a dream come true!

Internships Lead to Full Time Jobs

So you’re almost graduating and you know you want to find a job huh? Maybe most or some of your friends are already offered full time positions even before they graduated. You are the only one left where your future is still undetermined. You ask yourself when will your time come? Will you ever land a job? You know you lack experience but how can you get experience in the first place when no one will hire you?

I was in your shoes once and you know what I did? Internships. Hopefully by the time you read this article, you still have some time left before your college career is over. Go get off your lazy butt and find an internship. Whether it’s paid or unpaid, you will need that experience to land your first full time job. I’m not saying its mandatory but it’s definitely a plus. If the internship is paid, good for you! However if it’s unpaid, do not be discourage. You should not worry about making money now, as money will come in the long run after you get your experience. Push your pride away for a little while. It will be worth it.

Once you land an internship, the work you do may be totally irrelevant to what you imagine it to be. Let me tell you something. Stick with it! Always stick with it until you find something better. Having an internship is to just fill up your resume (which is the key to interviews). I will tell you how to do well during interviews in my next article. When I was in college, I majored in finance and found an unpaid internship that allowed me to work one day a week for a whole semester. I also had this internship approve by my major department, which granted me three credits. It was so worth it! I basically got 3 credits for going to work 1 day a week for about 3 months. I’d rather do that than go to class!

During my internship at Company ABC (not the real name obviously), I basically did crap work such as answering telephone calls, making copies for various documents, sorting out mail, and filing. This was at a pretty prestigious finance company and I told myself it would be worth it just so I can have the name on my resume. I did not regret sticking with it because it helped me fill up my resume and definitely for my job hunt.

After my internship ended, I basically sent out my resume at least 10 times a day. I went on various Internet job sites, my school’s career center, my friend’s school’s career center, online forums, and also networked with anyone I know. Networking is a big factor in job hunting. Nowadays, it’s all about hookups. Get to talk to people you know that are currently in the job field already. Ask them for advice and tell them your interest and what are your goals. You never know because maybe their company is hiring and looking for new grads. New grads are important to companies because they are usually cheaper (companies consider employees as expense). They know college grads are willing to work for less because they just want to set their foot in the door whereas experienced workers probably want more money doing the same work.

Hopefully after reading this article, you will realize how important internships are in the job hunting process after you graduate. Learn to network and don’t be afraid to talk to people. Go to different job sites and send your resume to different companies at least 10 times a day. Like I said before, I was in your shoes once and I know how tough it can be sometimes. That is why I created my own site called sunsunonline.com. Check the site out if you have time and go look for that internship. Tell your friends about it and let them know what you learned from this article. You control your own destiny so start early and do what it takes to get to the next step!

7 Steps to Getting Accountancy and Finance Jobs

Are you looking for accountancy and finance jobs? Then there are some things you need to know. There are many jobs available for accountancy and finance work. However either they suffer from a lack of skilled workers or the competition is too intense.

Therefore it is very important to know the kind of market you are selling your services to. Depending on that market will your demand as an accountant or finance officer increase or decrease. We shall discuss seven steps to getting such jobs in this article.

Education

This is the first thing that you need to be sure of if you want to be in this field. It is important that you get a graduate degree in accountancy or a related field if you are interested in finance. Enroll in the best college of your area. Get a Masters Degree if possible. All this will add to the luster of your resume and make you a more desirable candidate.

Internship

There is nothing like working for free to gather some good experience. It also looks good on your resume. This is known as internship. Volunteer for free projects. These jobs test your level of expertise and also put you through different stress levels than in normal jobs. You get to see both aspects of the job while working on internships. They are your key to success to a bigger job.

Unusual Resume Elements

Now you might be thinking what kind of “unusual resume elements” would look good for accountancy and finance employment. The truth is that all kinds of jobs, no matter how technical they are give a great deal of importance to character.

Therefore if you have some unusual life experiences that show your courage and strength or deal with your leadership, then you should put that up in your resume even though they might not be directly related with your ambition.

Mentor

It is possible to do really well in your field if you always have someone pointing out your flaws. Therefore a mentor can do you good. You will not become over confident if you ask your biggest doubter to act as your mentor. It will help you in trying to always improve yourself.

Training Programs

The field of finance work is ever changing. It is filled with newer practices, techniques, and finance laws. To keep oneself ahead of the competition, it is very important therefore, to join these training programs. These programs not only help you revise your skills but also provide you with newer abilities.

Networking

Once you get into finance employment either through your college placements or training program or internship, it is very important to build connections. After hours office parties are the best places where one can find even the Manager of the company drinking in harmony with his subordinates. Talk to them. It is often through these people that you might get better offers. Networking is important.

Sources of Jobs

The best way to get accountancy and finance jobs is to keep track of the jobs in your locality and online. There are different sites on the net which help you to find various finance jobs in different parts of the country.

Your local newspaper is a great place to help you find out about the accounting jobs in your locality. But you should also take the help of a headhunter to help you find the best jobs suited to your resume.

Check Out This Opportunity to Learn More About the World of Finance

In a typical college business program, you will explore many of the fundamentals of the world of finance. There are some great opportunities though to get some hands on experience. One of the best is through the Goldman Sachs summer internship program. You will learn from experts in the industry. You don’t just shadow them, you work beside them!

Make sure you pay close attention to the deadline for the application. It is earlier than many of the other internship programs offered. If you send it in late, your information won’t be reviewed. If you wait too long to start getting it all together, you may be stressed and make mistakes along the way.

Who can Apply?

Individuals enrolled in an accredited business school who will be a junior or senior can apply for a Goldman Sachs summer internship. It doesn’t matter what your particular area of study happens to be as long as it is business related in some capacity. Applicants must be in good standing academically, show community involvement, and show an interest in business.

The application process does take time so don’t drag your feet getting started. You will need to complete all sections of the application to be considered. You also need an extraordinary resume and cover letter to accompany it. Make sure your application isn’t going to get lost in the shuffle because it sounds too similar to others submitted.

This is your opportunity to shine so don’t be shy about sharing your accomplishments. To get a Goldman Sachs summer internship, you need to share your education and work experience. You need to share your skills and your community involvement. They are looking for well-rounded individuals who are inspired and motivated to make a difference in the business world.

Learning

The Goldman Sachs summer internship is offered for a period of 10 weeks. Individuals will typically work Monday through Friday for a full shift. The first part of the learning is an orientation and overview of their business operations. Next, you will be assigned to a division where you will meet other people who work there.

You will be assigned various tasks to complete so you can learn first-hand about those aspects of a business. You will have others helping you with work tasks and those you can turn to for questions. Your work will be evaluated so you can understand what you are doing well and what you need to work on with future projects.

The goal is to help your grow your knowledge and skills in various areas of business operations. That growth will occur over the span of your Goldman Sachs summer internship. This is also a prime opportunity for you to explore various aspects of the business world that interest you. Asking questions and getting insider facts and opinions can help you to determine your path.

Future Job Offers

This Goldman Sachs summer internship could be your foot in the door to a great entry level position upon graduation. The company is known for frequently making such job offers to those who show exceptional potential during the summer program. You can also decide to apply with the company in the future for a job opening.

Best Careers in Banking and Finance

Banking involves a number of areas, specializations and a wide range of roles. Careers in banking and finance can be a very exciting option but given the vast and varied industry that it is, arriving at a career path and making a choice to follow it, can sometimes be daunting. In addition, the vast number of designations and specializations in each area differ from bank to bank and sometimes there might also be overlaps in certain areas. However it is a given that the number of career opportunities within banking and finance are numerous. For example, some careers might involve client interaction, some might be operational in nature, and some would involve trading and derivatives and so on and so forth.

Large investment banks are usually divided into two main areas: corporate finance or investment banking and sales & marketing with trading. Careers in banking and finance in an investment bank usually involves capital raising, debt and equity, mergers and acquisitions, services involving financial advisories and in some areas activities concerning merchant banking. Within the sales and trading division an employee might be engaged in analysis and research, distribution and brokerage of trading securities amongst other such activities. It is important to know the difference between the numerous functionalities within an investment bank during your quest for the right career path in banking and finance.

If you are a young graduate who has just passed out from a management school or college, you might want to enroll in a specific training program or banking internship that will provide you the valuable opportunity of gaining an understanding of what a financial institution is all about and kinds of opportunities available. These specific programs in different banking departments maybe of varying nature; some programs may offer a cyclical structure in various areas while others might have a specific emphasis on a particular specialization. An internship that offers a cyclical structure can give you the chance of experiencing the various opportunities available in a particular department within the bank. Prior to entering into an internship program or graduate plan, remember to look into the duration of the program. At the end of the day, irrespective of the kind of program you enrol in, a good internship will give you valuable knowledge about the basics of banking or finance before you even start on your career path. In addition to the technical and soft skills needed to succeed in careers in banking and finance, a good training program will also offer you an inside knowledge about the institution’s vision and strategy and a broad introduction of what the company stands for.

Careers in banking and finance are usually well paying, but if you are starting out your career as an intern do not look at the salary, rather look at the reputation of the banking or financial institution you are going to be a part of and the valuable knowledge that you will gain for your future.

Why More Students Are Choosing International Internships

International internships can be a profound turning point in your career path. Domestic internships can be instrumental in reshaping your career, but internships abroad, from business internships to journalism internships, are a quick way to invest in your life and career for long-term value that is immeasurable.

Students who experience the challenges of an internship in another country tend to quickly develop qualities of adaptability, problem solving and higher levels of confidence. They have the advantage of cultivating global professional connections and developing resumes that attract a greater breadth of job prospects.

Advantages of an Internship Abroad
As the world becomes increasingly interconnected, more students are choosing internships overseas. For one thing, interning in another country is flexible and accessible almost any time of year, even for short durations less than a semester. An international education program can provide access to housing, on-site support services, and pre-departure services.

International education programs are also connected with high caliber small businesses and non-profits that offer internships for an economical price. Counselors can advise you on the types of companies and work you can anticipate, depending upon your area of study. Most significant is that you are often opened up to experiences and opportunities in markets that are otherwise more competitive in the United States.

The often unconventional and adventuresome nature of an international internship can be exciting, opening many students up to new career possibilities beyond typical institutional work. Further, graduates with a history of international internships attract higher salaries and tend to be favored by hiring managers who see the value in candidates who exhibit more flexible, multifaceted field experience. Employers also appreciate graduates who have ability to communicate and interact with other cultures.

Types of Internships Available Abroad
International education programs have access to almost any type of internship in all varieties of study, from hospitality to social sciences to computer science. The disciplines of service you will encounter are similar to those available for domestic internships, but often you will be exposed to a wider variety of tasks, duties and responsibilities with the tendency of organizations overseas to be smaller.

Business internships overseas might for instance include areas of general business management, accounting, marketing, business administration or finance within financial institutions. However, you might find yourself immersed in the more organic problems of organizing the company’s infrastructure.