3 Investment Banking Associate Cover Letters

Approved by real hiring managers, these Investment Banking Associate cover letters have been proven to get people hired in 2024. A hiring manager explains why.

Hiring Manager for Investment Banking Associate Roles
Compiled by: Kimberley Tyler-Smith
Senior Hiring Manager
20+ Years of Experience

Investment Banking Associate Cover Letter Example

Dear Hiring Manager,

I am writing to express my interest in the Investment Banking Associate position at Goldman Sachs. Growing up, I would often overhear my parents discussing their investment portfolios, and I became intrigued by the world of finance. As I pursued a degree in finance, it was the dedication to excellence and innovative approaches in investment banking at Goldman Sachs that truly inspired me. Your firm's commitment to creating meaningful, long-term relationships with clients resonates with my own passion for building strong connections.

During my time as a Financial Analyst at Resume Worded, I increased deal sourcing efficiency by 30% through the implementation of an automated screening process. This accomplishment not only demonstrates my technical skills but also highlights my ability to streamline processes for improved efficiency. Furthermore, I managed a team of five analysts and successfully closed three M&A deals worth a combined $500 million. These experiences have shaped my understanding of the complexities involved in investment banking and fostered a strong foundation in deal execution.

I am particularly excited about the opportunity to work with the technology-focused investment banking team at Goldman Sachs. As someone who has always been fascinated by the rapid advancement of technology and its impact on businesses, this role provides the perfect opportunity to combine my passion for finance and technology. I am eager to contribute to the growth and success of the clients in this sector.

Thank you for considering my application. I look forward to the opportunity to further discuss how my skills and experiences align with the Investment Banking Associate role at Goldman Sachs.

Sincerely,

[Your Name]

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Why This Cover Letter Works in 2024

Quantifiable Accomplishment

This sentence highlights a specific accomplishment with a measurable outcome, making it a strong example of the candidate's ability to improve efficiency. Always include quantifiable achievements in your cover letter to showcase your impact.

Team Management & Deal Closing

By mentioning the successful management of a team and the closing of multiple deals, the candidate demonstrates their leadership skills and deal execution capabilities. This helps to establish credibility and is a great way to showcase relevant experience.

Investment Banking Associate Cover Letter Example

Dear Hiring Manager,

I'm reaching out to express my interest in the Investment Banking Associate position at Goldman Sachs. What draws me to Goldman Sachs is not just its reputation as a global leader in finance, but the company's commitment to fostering a culture of innovation and excellence. I fondly recall reading about the firm's move towards technology integration and thinking, "This is a company that's not afraid to embrace change."

As an Investment Banking Analyst at Resume Worded Bank, I was part of a team that structured a $500 million debt offering, which was oversubscribed by 3x and enabled our client to expand operations in new markets. I also had the opportunity to work on a $2 billion M&A transaction, where I was responsible for creating comprehensive financial models and conducting due diligence. This experience has honed my analytical skills and given me a deep understanding of financial markets and deal-making.

What excites me about this role at Goldman Sachs is the opportunity to work with a diverse set of clients across a range of sectors. Given the firm's significant global footprint, I look forward to leveraging my skills in a more international context, and contributing to the growth of businesses around the world.

Thank you for considering my application. I would be thrilled to bring my dedication, analytical skills, and strategic thinking to the Investment Banking Associate role at Goldman Sachs.

Sincerely,
[Your Name]

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Why This Cover Letter Works in 2024

Showcase Specific Accomplishments

By detailing the specific projects you've worked on, like structuring a hefty debt offering or working on a huge M&A transaction, you illuminate your skill set in a bright, authentic light. You also give me a sense of the magnitude of responsibilities you've handled and your capability to excel in a similar role at our firm.

Senior Investment Banking Associate Cover Letter Example

Dear Hiring Manager,

I was thrilled to learn about the Senior Investment Banking Associate role at J.P. Morgan. Having admired J.P. Morgan's unwavering commitment to client service and its ability to consistently deliver innovative financial solutions, I feel it is the perfect place to apply my skills and experience.

In my current role as an Investment Banking Associate at Resume Worded Capital, I led a team that executed a complex $1.5 billion acquisition, which resulted in a 20% increase in our client's market share. I was also instrumental in securing a $750 million private equity investment for a technology startup, a deal that was recognized as “Deal of the Year” by Finance Monthly.

What particularly stands out to me about J.P. Morgan is the firm's renowned training programs and its focus on continuous learning. I am excited about the prospect of working in an environment that will challenge me to grow and develop as a professional.

Thank you for considering my application. I am eager to potentially join the J.P. Morgan team and contribute to upholding its reputation for excellence in client service and innovative financial solutions.

Sincerely,
[Your Name]
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Why This Cover Letter Works in 2024

Highlight Your Leadership Experience

When you mention leading a team that executed a complex acquisition, it's clear that you have the leadership skills required for a senior role. This isn't just about showcasing your ability to work in a team, but your capability to lead one. Plus, adding the specific outcome of the transaction - the market share increase - makes your impact tangible.

Alternative Introductions

If you're struggling to start your cover letter, here are 6 different variations that have worked for others, along with why they worked. Use them as inspiration for your introductory paragraph.

1
As a finance enthusiast with a passion to understand the inner workings of the global economy, I am thrilled to apply for the Investment Banking Associate position at J.P. Morgan. I remember the excitement of watching my father, an avid investor, poring over stock charts and analyzing market trends; it was through him that I developed a fascination for financial markets and grew to appreciate J.P. Morgan's role as a global leader in investment banking.
This intro highlights the applicant's genuine personal connection to the financial industry and shows their understanding of the company's impact on global markets.

2
The Investment Banking Associate role at Morgan Stanley immediately caught my attention, as I have long admired the firm's commitment to innovation and sustainable solutions in the financial sector. As someone who is passionate about environmental and social responsibility, I am eager to join a company that shares my values and actively works towards creating a better future for all.
This intro emphasizes the applicant's alignment with the company's values and illustrates their passion for working in a company that actively pursues sustainable solutions.

3
When I came across the Investment Banking Associate position at Citigroup, I was excited by the opportunity to contribute to a firm recognized for its diverse and inclusive work environment. As a finance professional with a multicultural background, I appreciate the value of different perspectives and believe diverse teams lead to more innovative and effective solutions in the investment banking world.
This intro showcases the applicant's appreciation for the company's diverse and inclusive culture, highlighting the importance of different perspectives in the investment banking industry.

4
I recently read an interview with Bank of America's CEO, Brian Moynihan, discussing the bank's focus on responsible growth and commitment to serving the community. As someone who believes in the positive impact that financial institutions can have on society, I am excited to apply for the Investment Banking Associate position at Bank of America and be a part of an organization that prioritizes community and sustainable growth.
This intro demonstrates the applicant's knowledge of the company's values and goals, expressing enthusiasm for contributing to a business that prioritizes responsible growth and serving the community.

5
Applying for the Investment Banking Associate position at Credit Suisse is a natural next step in my finance career, given the firm's reputation for fostering employee development and promoting a strong team culture. In a recent conversation with a Credit Suisse alumnus, I was impressed by their description of the company's supportive environment, collaborative atmosphere, and focus on continuous learning.
This intro highlights the applicant's interest in the company's employee development and team culture, showing they value a supportive and collaborative work environment for career growth.