Recently, many students poked me in the background, hoping to talk about what abilities are needed to enter the traditional hot department of securities firms-investment banking department. Here are five main points:

1. Modeling ability of financial valuation (hard power requirement, paperwork needs to help the company make valuation)

In the investment banking department of securities firms, although only a part of the actual work needs direct valuation and modeling, the daily work needs to understand the model writing materials. Nowadays, a lot of valuation modeling work is done by newcomers, but it is not impossible in investment banks. For example, many M&A teams in the investment banking department of securities firms often require relevant financial modeling experience in JD.COM. For those who want to enter the investment bank, this is really a basic ability.

2. Industry research ability and market analysis ability

The capital market is changing every day, so it is very important to keep up with the market dynamics and form your own analysis and opinions. Many brokerage investment banking departments require "strong research ability and in-depth analysis of industry and economic issues" when recruiting interns. This requires you to have at least 1-2 industries that you have studied deeply, be able to explain several existing business models in the industry and their advantages and disadvantages, and provide your own insight into this industry.

3. Cooperation ability: Working in the investment banking department is not alone. In the course of the project, you need to communicate due diligence information with law firms, consulting companies and accounting firms and cooperate together.

4. Execution: This is reflected in the early career. It is also common to work overtime to write materials in the project. It is very important to deal with complicated and boring things in an orderly way and have a low error rate.

5. Ability to deal with people: In the early stage of career development, newcomers entering the investment banking department mainly do basic work. Dealing with people is embodied in, for example, doing due diligence, asking people from the other company for relevant information, or the part that needs to be communicated with people during the project. In the middle of your career, it is reflected in coordinating all parties and supervising projects. When you are promoted to the top, it is reflected in the project.

In addition, you need to be proficient in using office software. Wind/ Bloomberg /CPA/ exams are all extra points.