Finance & Banking
About Finance & Banking
The Financial Services industry encompasses corporate finance, investment management, government, banking, insurance, and personal financial management. Managing wealth, navigating loans, advising on investments, and assessing risk factors are all potential areas of expertise. The focus is ultimately on helping individuals and businesses make sound financial decisions. The most common finance industry designations that can be pursued after an undergraduate degree are the CFA charter and the CFP certification.
The majority of the resources on this page are dedicated to “high finance” roles in the banking industry, such as Investment Banking and Equity Research, because candidates pursuing those roles face an earlier recruitment timeline and rigorous interview process. The more common entry-level roles in finance (e.g., Financial Analyst, Credit Analyst, Financial Advisor) typically follow a traditional recruitment timeline and selection process.
What is Investment Banking?
Investment banking, or IB, as it is often called, is the term used to describe the business of raising capital for companies and governments and advising them on financing and merger alternatives. Capital essentially means money. Companies need cash in order to grow and expand their businesses; investment banks sell securities (debt and equity) to investors in order to raise this cash. These securities can come in the form of stocks, bonds, or loans. Once issued, these securities trade in the global financial markets.
Types of Investment Banks
Also referred to as bulge bracket banks, are firms that deal with all divisions of investment banking (IB, Sales & Trading, and Research) and have clients with revenue over a billion dollars. Examples:
- Credit Suisse
- Deutsche Bank
- Goldman Sachs
- JP Morgan
- Morgan Stanley
These are firms that focus on one division in investment banking. They typically work on smaller deals with middle market companies. Examples:
- Houlihan Lokey
- Moelis & Company
- Piper Sandler
- Robert W. Baird
- William Blair
We recommend completing online learning, such as Training the Street, to supplement your Creighton coursework.
Summer internships are often a requirement for landing full-time offers.
Recruiting for summer internship programs (the summer before your Senior year) kicks off 1.5 years in advance, in other words, as early as January/February of your Sophomore year. Some banks, especially boutique firms, have deadlines as late as August/September of your Junior year, or occasionally later. Thus, we recommend networking with professionals in the field the Fall semester of Sophomore year. This article provides a great summary of how to stay on top of the recruitment timeline.
Investment banks that target Creighton University students typically engage formally with the John P. Fahey Career Center and post positions on Handshake. However, for banks not targeting Creighton, including most large banks, students must network with industry professionals (e.g., alumni) to be referred into the recruitment pipeline. Check employer websites for application instructions. You can also sign up for Suited, a platform that connects candidates with investment banks.
Meet with a Career Advisor to learn more about the recruitment process, prepare an industry-specific resume, and connect with banking professionals.
Interview processes vary by bank, but candidates should be prepared for behavioral and technical questions. According to the Corporate Finance Institute, potential sections of an interview might include:
- Bank / industry overview
- Employment history / resume
- Problem solving questions
- Technical knowledge questions
- Behavioral questions
- Questions for interviewer
Full-Time candidates may also encounter a financial modeling case in Excel.
The Investment Banking Society seeks to educate members about the investment banking industry and the recruiting process. Through networking with alumni and providing professional speakers, we hope to help more students pursue internships and full-time positions within investment banking. The society provides resume help, interview strategies, speakers, and networking events.
Candid Career Videos
O*Net Online Resources
O*Net offers a comprehensive view of occupations across all industries in the United States. It includes important skills for the position, employment and salary information as well as future job growth projection.