Investment banking is one of many career options under the general realm of finance. It is one of the most competitive jobs coming out of undergraduate and there are reasons for this that we have outlined below. We encourage you to learn more if you are new to the subject or simply looking to learn more.
It is true that investment bankers work long hours (sometimes up to 90-100 hours a week). However, this face-paced environment offers invaluable learning opportunities and exposure to different deals & situations.
The size of a deal team will vary depending on what investment bank you work at. However, no matter what kind of bank you work at, an analyst is counted on to build financial models, put together pitchbooks, and perform other important tasks that help execute a deal.
Within investment banking, there is a clear path of progression through the hierarchy starting analyst to associate, vice president, director, and managing director. Analysts are typically promoted within 2-4 years and associates are promoted in an additional 2-4 years.
If becoming a lifetime banker doesn't suit you, exit opportunities are another option. By going through an investment banking analyst stint, your doors are opened to an array of opportunities in private equity, corporate development and more.
Depending on the investment bank you work for, you could have the chance to work on some of the biggest transactions that are driving the economy today or you may be helping complete the American dream by helping a founder sell a business that they have built for the past 30 years. Either way, these are significant transactions that have huge implications on the parties served.
Given the number of hours an investment banker can put in a week, they are compensated for their work. While this is a plus, this should not be the sole reason why one chooses to pursue a career in the industry.
On average, less than 2% of applicants are accepted for internships/full-time positions within investment banking. DIBC's goal is to help bridge the gap for students at UD, and place at these competitive institutions.
DIBC is the only organization at the University of Dayton that offers an internship through the club. This will be a separate experience within your resume apart from DBIC. You will get the chance to help execute live transactions within a team of underclassman that is led by an upperclassman that works directly with our exclusive partner, Carleton McKenna & Co.
DIBC brought in Peter Nero during the fall semester of 2021. Mr. Nero is an accomplished Dayton Alumni who has over 14 years of experience within M&A and co-founded Wall Helms, a leading insurance investment bank located in Chicago. We have also brought in other guest speakers including a managing director from KKR, Thomas Kim, and a vice president from AQ Technology Partners, Evan Lewis.
Despite DIBC being relatively new, the club is filled with upperclassmen who have landed competitive sell-side and buy-side roles at firms such as JP Morgan, Baird, Key Bank, and Fidus Capital. The club is building a culture of openness & interaction so a member can ask questions or seek advice at any time necessary. Further, we are driving culture outside of the professional settings through club events and building friendships that will last beyond graduation.
In less than a year, DIBC has raised over $5,000 working closely with the Student Government Association and the Center for Business Student Engagement. All of that money has been invested into our members through the purchasing of the Adventist Financial Modeling Course, which compliments our Educational Bootcamp. Additionally, DIBC raised $1,000 for two students to help subsidize summer internship housing costs.
Through our intensive 14-week educational bootcamp, the Adventis's financial modeling course, interview prep, and our library of resources available to our members, you are going to know what you need to know in order to not only pass through the technical portion of an investment banking interview but to exceed expectations.
As mentioned before, DIBC is a new club on campus that is just getting started. With that comes the opportunity for members to not only take leadership positions but also help mold and shape their impact on the club for years to come after graduation. The club has set some large goals that we would like to accomplish within the next year and a half.
Read what current DIBC members have to say.
Joe Ariano
"DIBC has been a group of individuals that I am extremely grateful for and proud to be a part of. They have helped foster knowledge that I know will serve me well in my endeavors whether that is technical abilities, networking, how to approach an interview, but most importantly giving back to others. This club is truly about passing on the knowledge to future classes of students like me to help them land their first internship in banking all the way to their first job, and I am honored to be a part of that. More than just guiding me towards valuable internship experience, DIBC has been home to some of my close peers here at UD."
Ryan Andersen
"Since joining DIBC my first semester of sophomore year, I have gained many experiences and opportunities that are not available inside the classroom. In the educational bootcamp, I enhanced my understanding of the sell-side process, accounting principles, Microsoft Excel, Microsoft Powerpoint, and many other topics. After finishing up the bootcamp, I engaged in a variety of experiential learning opportunities. More specifically, I was able to secure an internship doing corporate development and present a sell side case study to a boutique investment bank in Cincinnati. In addition to the experiential learning, the club has provided me with exclusive connections and professional development that has been beyond helpful in the recruiting process. Throughout my two years at the University of Dayton, this has been the most valuable experience I have had."
Steve Dailey
"The investment banking club has provided me with invaluable skills and knowledge that I leverage into not only internships, but a full-time job. The fellow members never hesitate to assist in any way they can, whether it be modeling review or a mock interview. I’m extremely grateful to everyone who has helped me along the way."
Nora Jackson
"Being part of DIBC has been one of the most impactful experiences during my time at UD. Not only have I developed much stronger technical skills, but I have also participated in many experiential learning opportunities and internships facilitated through the club which have help me grow both professionally and personally. Above all else, this club attracts top tier people, which contributes to our strong culture. Some of the best people I have met at UD have been through my relationships with members in the club, and I am so grateful for the people and experiences DIBC has brought me."
Casey Fuller
"The core strength of the Dayton Investment Banking Club is its members. As a student-run organization, the club's success is predicated on our members' commitment and work ethic. While the club's goal is to place members in highly competitive finance jobs-- ultimately, the rewarding aspect of the club is doing challenging work with your classmates and growing together. I am so excited to see what is in store for our current members and how DIBC will grow in the years to come."
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