Sample cover letter for Internship position at Morgan Stanley

Spring week, got the job yes.

I am writing to express my interest in obtaining a place on the Morgan Stanley 2015 EMEA Spring Insight Programme.

As an aspiring Economist, I am compelled to learn more about Morgan Stanley and identify potential career prospects that may be available once I have completed my Economics degree in 2017. Participation in a Spring Week would provide an invaluable insight into the workings of a successful banking institution that has demonstrated considerable success in addressing a plethora of financial, economic, political and management challenges over the past five years. Not only has Morgan Stanley been robust in its response to what was, and continues to be, a challenging economic environment, it has also generated a third quarter net revenue of $8.7 billion, significantly surpassing market expectations when compared with $8.1 billion generated in the same period last year. Results such as these demonstrate the ability to face head-on, a multitude of macro and microeconomic challenges and still deliver a superior performance. Morgan Stanley clearly has an exciting future, one that I aspire to be a part of.

Active participation in the Spring Insight Programme would not only expose me to the operational dynamics and interplay between the various functions within Morgan Stanley but would also lay the foundations for a prosperous career in banking. An area that particularly interests me is the role of the financial analyst working in areas such as asset and risk management, M&A and Global Capital Markets. I am keen to further develop my understanding of how analysts utilise sophisticated modelling and financial tools to interpret complex data. This is particularly relevant given the harsh economic conditions that Morgan Stanley had to navigate in the recent unpredictable economic climate.

I consider myself to be an astute and accomplished communicator with strong presentation skills and experience in managing and motivating teams in a variety of scenarios. Having gained a black belt in Taekwondo by the age of 16, this achievement has instilled in me a sense of discipline, stamina and an inner drive. I believe that all these skills are transferable to the professional workplace.

A copy of my CV has been attached for your reference. I would be grateful if you would consider me for a placement on the Morgan Stanley EMEA Spring Insight Programme.

  • Client Account Access
  • Equity Research Access
  • Financial Strategies Client Portal
  • Macro Research Access
  • Merchant Banking Investor Access

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Apply now for our inaugural

Spring week 2024, 9 – 11 april 2024, london, u.k., investing in the foundations of your career., what is spring week.

Your career possibilities are abundant with a foundation built in partnership with Piper Sandler. Our inaugural Spring Week programme is set to target leading talent, building a strong pipeline of future potential. This three-day programme has been designed to give students invaluable networking experiences, combined with interactive workshops, work shadowing and case studies. The aim is to provide students a full immersive experience of a potential future with a leading global investment bank. Use this unique opportunity to hear more about career prospects from senior leaders and rising junior professionals at the firm.

For those that are successful on the Spring Week programme, you may receive an offer to be fast-tracked for a 2025 summer internship. Applicants should be either in the first year of a three-year degree or the second year of a four-year degree, graduating in 2026. We encourage applications from students that have a keen interest in finance or business with a strong analytical mind.

Why Piper Sandler?

Our 128+ year legacy has perpetuated because of the partnerships we forge – among our clients, our employees and the communities where we live and work.  Our empowered entrepreneurial culture recognises the value of our individual employees and gives them the flexibility to pursue opportunities At Piper Sandler, we look for outstanding candidates with high levels of energy, enthusiasm, ambition and creativity, and, above all, unquestionable integrity.

The Application & Selection Process

As part of the application process, you must submit a cover letter along with your CV. Treat your cover letter as an opportunity to give us your elevator pitch and showcase yourself. Your application will be reviewed by our recruitment team and if successful, you will be invited to participate in a virtual interview.

Applications close on Friday 19 January 2024. We will review applications on a rolling basis, and candidates should hear back by Friday 26 January 2024.

Applications are now closed.

Learn more about our firm

  • Notices & Policies
  • Accessibility

© 2024 Piper Sandler Companies. Since 1895. All rights reserved.

Call: +44(0)20 7100 6656

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Investment Banking Spring Week – Guide To The Application Process

Sep 8, 2021 | City CV Blog

Investment Banking Spring Week

Are you a first or second year undergraduate? Are you interested in an investment banking career? Then this City CV Guide to Spring Week will answer many of your questions.

Q: What is Investment Banking Spring Week?

Firstly, it’s not to be confused with the American Spring Break , popularised in Friends and teen movies. The Spring Weeks we’re talking about are the insight programmes offered to first and second year university students in the UK. They’re most commonly provided by the big-name banks; JPMorganChase, Credit Suisse, CitiGroup and Goldman Sachs to name a few.

There are also Spring Week placements in other fields, such as accountancy. If you want to find out about the opportunities on offer, this list is a good place to start. Most of the programmes last around a week and take place in London during March and April (in the Easter holidays).

Q: When do I need to apply?

Right now!  Applications open in late August or early September and most close in December or early January. There’s no time to waste.

Q: Why is Investment Banking Spring Week so important?

Spring Week is a great way to gain an understanding of what it’s like to work at a bank. You get to network, ask questions and find out if it’s the right career for you. But the main reason most students participate in Spring Week is to boost their chances of getting a full internship or graduate job later.

Banks use Spring Week to identify talent early and to kick-start their summer internship application process. Occasionally, they’ll even offer an internship at the end of your Spring Week placement. You can still get summer internships without completing a Spring Week, but it is more difficult.

Q: Is the application process competitive?

Yes, very. It’s not unusual for a bank to get several thousand applications for just 50-60 places. This is one of the reasons most students apply to as many as possible.

investment banking spring week

Q: Any tips to improve my chances?

The recruiting process varies from bank to bank, but they all require a 1-page CV and a covering letter.  It’s essential that these documents are tailored to each application. You can’t get away with just changing the name and address of the firm.

My top tips for a Investment Banking Spring Week or internship-winning CV are:

  • Emphasise your academic achievements. They’ll expect to see top A-Level grades and stellar performance in your degree so far.
  • Highlight your specific motivations for working with each bank. Start by researching what sectors and clients the bank works with.  You’ll then need to craft a compelling and articulate narrative for your CV and covering letters.
  • Include impressive extracurricular activities. High achievements in sports or running a business or university society will all go down well.
  • Triple-check everything. You can’t afford any spelling, grammar or formatting mistakes.

If your CV makes the cut, there will probably be online tests covering numeracy, verbal reasoning and logic. If you pass those, the next stage is usually a phone or video interview with HR and possibly another with the division you’re applying to. After that, you may be asked to attend a face-to-face interview and / or an assessment centre in London.

Don’t expect to able to just wing these interviews. To stand out from the competition you need to be well-prepared. Start with some personal diagnostics – what are your strengths and USP? Are there any weak spots or skills missing from your CV that you need to be able to explain?

Mock interviews are a great way to practice and calm any interview nerves. You’ll be expected to talk about yourself confidently and answer behavioural or competency questions. Those are the questions that often start with ‘tell me about a time when you … worked as part of a successful team / overcame a problem etc.’ For Spring Week applications, you probably won’t have many technical, industry-related questions in your interview – they’re looking for potential at this stage.

Q: What can I expect to do during my Investment Banking Spring Week?

There are different types of Spring Week placements. Some are very general and you’ll gain experience across different departments. Some are division-specific, such as trading or M&A. You can apply for as many placements as you like, but some schedules will clash.

At this stage, you won’t get to trade with real money or attend confidential client meetings. But you could get to shadow the traders for a day or you could be put on a research project team. There will also be a range of workshops and seminars where you’ll practice some of the technical and problem-solving skills expected of bankers.

Q: I’ve got an offer! How do I make the most of the opportunity?

Congratulations, you’ve done brilliantly to get this far. Now, your challenge is to convert your Spring Week placement into a summer internship or full-time job offer. Here’s how you maximise your chances:

  • Network like crazy. Introduce yourself, talk to people and ask questions.  But don’t just leave it there. Make a note of their names and what they do. Then follow up and keep in touch. Set up a professional LinkedIn profile before your placement so you can invite everyone you meet to join your network. Maintaining relationships is crucial.
  • Participate in all the group workshops, training sessions and evening socials (but don’t get drunk).  You want to come across as bright, interested and sociable.
  • Be prepared to give a case study presentation at the end of the week. It helps if you’ve done some industry research before you start your placement.

Q: I’ve missed out on Investment Banking Spring Week – do I have any chance of a summer internship?

If you didn’t know about Investment Banking Spring Week or have left it too late to apply, you do have other options. Some banks attend campus careers fairs or run networking events, such as drinks evenings and banking dinners. Check with your university careers service or student finance society. The Bright Network also has a calendar of networking events.

Your CV will need to demonstrate that you are interested in and committed to a banking career. Other finance-related work experience or evidence of playing an active role in a finance society will help you to stand out. Don’t despair, with a great CV and pro-active networking it is still possible to land an internship.

City CV offers a comprehensive range of career packages for graduates and undergraduates. These include targeted professional CV, covering letter and LinkedIn profile writing, as well as comprehensive interview coaching.

If you have any other questions about Investment Banking Spring Week or summer internships, give us a call on 020 7100 6656 or email us at [email protected] . You can also check out our blog for free career news and advice.

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Maddie Smith

November 29th, 2017, applying for spring weeks.

0 comments | 5 shares

Estimated reading time: 5 minutes

So what is a Spring Week?

A Spring Week, or Insight Week, is a placement typically undertaken during the Easter holidays of your first year at university. They are designed to give you a comprehensive introduction to the industry you are applying to, as well as the work of that particular institution. They have become more important in recent years as competition has increased and organisations seek to identify high-potential candidates as early possible. Although they are not directly tied to internship applications their purpose is still to recruit top talent early on.

Most popular in the banking industry, here you find two main types, a generalist spring week, where you join a bank and work across several different areas and divisional spring weeks where you join a specific group at a bank for 1-2 weeks. They also exist outside banks and in other sectors.  You can find some examples here .

So if a spring week sounds like it might be of interest, what’s the next step?

Making applications – what do employers look for?

  • Target your application: Typically you have to either fill out an application form or submit a cover letter and CV. Cover letters are very important. You really need a specific application for each organisation – copying and pasting won’t work. You need to highlight specific deals or news about it or events that you have attended where you have met staff.
  • Do your research : Some organizations such as Nomura no longer ask for a CV and CL because they were receiving a lot of generic letters with evidence of ‘copy and paste’ text. They now ask for a CV and answers to three application questions: one about why you are applying to Nomura, one asking you to say something different about you that won’t be evident from your CV, and one asking you to discuss something you have read in the news recently.
  • Highlight relevant skills and attributes: You also generally need a record of strong academics, proven analytical skills and a definite and demonstrated interest in the financial world. Extra-curricular activities will help demonstrate that you are a well-rounded individual –which is also often a crucial part of your application. They’re looking for “life experiences” something like running a business or leading a student group is very positive.  Proven leadership skills as well as being able to demonstrate that you work well in a team will also be advantageous for your application.

How else are applications assessed?

Employers us a range of assessment tools to evaluate your application and suitability for their scheme. For example at Barclays, after submitting a CV, you will be provided with a number of realistic scenarios which give you a real insight into what you can expect and help you to better understand the industry. This involves tackling multiple choice questions and then recording video responses. This is designed to give a fairer impression of how you work and what motivates you.  Other companies may ask you to psychometric tests, and do a video interview and answer motivational and competency-based questions.

How can you boost your chances of success?

Besides earning top grades at school, participating in great extracurricular activities, and submitting a perfect application, how else can you boost your chances? Here are our five top tips:

  • Apply early
  • Consider other channels – for example, think about diversity programs such as SEO and Rare Recruitment, where you can get fast-tracked through the process.
  • Proof read your CV and make sure it demonstrates your skills match the competencies they are looking for
  • Read up on the banks’ business areas and the roles you might be interested in before you apply.
  • Prepare for any interviews very well.

Good luck with your applications and remember LSE Careers is here to help you.

Thanks to Denise Donoghue for the research for this blog.

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Preparing for Spring Week

Top 4 Investment Banking Courses

Why is spring week important, when does spring week take place, who is eligible to apply for spring week, which uk banks are involved in spring week, what to expect during spring week, what skills and qualifications are banks looking for, how to make the most of spring week, final thoughts, preparing for spring week.

Updated January 13, 2024

Amy Dawson

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If you are keen to start a career in investment banking , then you may be aware of Spring Week placements .

These are week-long placements available to undergraduate students, designed to give them insight into job opportunities within the investment banking sector.

During the week, you’ll have the opportunity to find out what to expect when working for an investment bank .

Spring Week (or Spring Insight, as it is also known) is a way for banks to sell to students the benefits of working in investment banking; whilst recruiters use it as an opportunity to spot future talent.

Spring Weeks can be hugely influential. Students will have the opportunity to shadow senior management teams and participate in presentations relating to investment banking.

As it is an incredibly competitive career choice, it’s often ‘who you know’ who can make a difference. Therefore, applicants use Spring Week as an opportunity to make professional connections which can help them in their future career.

As you can gather from the name, Spring Week takes place each year in the spring. It typically takes place during the Easter holidays when students are free from the constrictions of university timetables.

Spring Week is designed specifically for undergraduate students so they can gather first-hand work experience within the investment banking sector.

Typically, applicants are either in their first year of a three-year undergraduate degree, or second-year students participating in a four-year degree.

Prepare for Spring Week with JobTestPrep

Spring Week and Spring Insight programmes have become an intrinsic part of the UK bank's hiring processes.

Hiring managers often use the short Spring Week placements as an opportunity to spot those who may be interested in full internships. Therefore, the weeks have become increasingly competitive and all of the major UK banks have signed up.

These include:

  • Morgan Stanley

You can also find Spring Insight programs globally at investment banks that include:

  • Goldman Sachs
  • Deutsche Bank
  • Credit Suisse

During your Spring Insight programme, you can expect to be invited to participate in several different workshops and masterclasses which are designed to showcase what to expect from working in a bank.

Some banks will provide a general overview, whereas others may provide opportunities to shadow specific departments.

You’ll likely be invited to watch business presentations and take part in group exercises designed to showcase your knowledge of investment banking. You’ll also be invited to participate in CV workshops and interview skill sessions which can provide insights into how to get ahead within the financial sector.

A key element of Spring Week is the networking events and social activities which take place after work. These are crucial to facilitating connections and getting yourself known to hiring managers.

During these sessions, recruiters will be looking to find out more about who you are, how you work as part of a team and how you communicate.

Those who make a good impression will stand themselves in good stead to be invited to participate in a summer internship .

Spring Weeks are hugely competitive. It’s common for banks to receive thousands of applications for just 50 or 60 positions. Therefore, you need to stand out within the application process to be considered.

The most applicants come from top universities such as Oxford, Cambridge or the Russell Group. To compete, you need to show that you are academically strong and have a clear interest in financial matters.

The hiring panel will be looking at your CV and cover letter to identify those with analytical skills and leadership capabilities.

How to Apply for Spring Week Opportunities

The application process is fierce. You can expect to spend up to five or six hours applying for each Spring Week opportunity (including aptitude tests).

It’s important to treat each application individually. Recruiters will be able to spot those applications which have been copied and pasted.

They will be looking for candidates who have taken the time to make their application unique.

When to Start Your Spring Week Application

Although Spring Week traditionally takes place during the Easter holidays, you should expect to apply around September/October time.

For first-year undergraduate students, this means that you will be expected to apply for an opportunity at the very beginning of your degree.

If you are serious about a career in investment banking, you should do your research carefully. You must make sure that your application meets any specific deadlines and follows the application criteria set by the bank.

What to Include on Your CV/Cover Letter When Applying for Spring Week

Your CV and cover letter will be the first opportunity to introduce yourself to the investment bank.

Hiring managers will be looking to find out who you are, what your academic achievements are and why you are keen to work in investment banking.

Making the Most of Your CV

Ideally, your CV shouldn’t be longer than one page. This is tough, but recruiters will have thousands of CVs to look at, so you need to submit your information as concisely as possible.

We recommend not wasting space by including details such as your postal address, date of birth, nationality or ethnicity.

If you are a first-year undergraduate student, you may not have much relevant work experience to showcase. You should use bullet points to highlight your GCSE and A-Level results and include details of your university choice and degree course.

You could use this opportunity to highlight any specific coursework that you may have undertaken which is relevant to the financial services sector.

For second-year students participating in a four-year degree course, you should include your first-year results and highlight any specific modules which are relevant to the position.

If you’ve participated in any other work experience placements which highlight your skills, then make sure they are listed.

You should also include details of any volunteering, or times that you worked well as part of a team or in a leadership capacity. You should also highlight any particular achievements which show who you are as a person.

Hiring managers will be looking for good ‘all-rounders’ who fit in with their cultural ethos.

Making the Most of Your Cover Letter

The accompanying cover letter should focus on why you want to work for this specific employer.

You need to stand out from other candidates, and a key element of this is being able to highlight your passion and motivation.

Do your research into the different sectors that the bank works in and explain why these interest you. If there is a specific reason why you want to work for one bank over another, then reference it.

Your cover letter should sell a story of why they should pick you, over and above anyone else.

spring week

What to Expect From the Application Process

Aptitude tests.

After the hiring manager has read your CV/cover letter, you may be invited to participate in a series of aptitude tests .

These are designed to test your capabilities and provide more understanding of who you are as a person.

Aptitude tests allow investment banks to filter through applicants to find the strongest possible candidates.

The aptitude tests are typically broken down into four key areas:

  • Numerical reasoning – This is the most common form of aptitude test used for Spring Week applications
  • Verbal reasoning
  • Logical reasoning
  • Situational judgment

The numerical reasoning tests will often provide you with a data set and ask you a question based on logical assumptions. You will need to make basic calculations and understand how to interpret data.

If you are new to numerical reasoning, why not use our practice tests to help you understand what to expect.

Verbal reasoning tests will check your ability to analyse and interpret written information. Typically, they’ll be looking to assess your knowledge of grammar and punctuation, as well as your ability to ascertain tone of voice and meaning from a short text.

It should be noted that applicants who may not speak English as a first language may find the verbal reasoning section harder.

We have a range of verbal reasoning practice tests available which can help you to practice your capabilities.

Logical reasoning is another form of test which is commonly used by Morgan Stanley in their Spring Week applications. You can expect to be shown various patterns and asked to determine what the next step in the pattern could be. The test will be timed, and you’ll have less than a minute to determine each answer.

Why not use our logical reasoning practice tests to see how well you could do?

The final type of aptitude test is that of situational judgement . In this instance, the hiring panel will be looking to see how you would react in different scenarios. You may be provided with a range of work-based scenarios and asked how you would respond. The panel will be testing to see that you are aware of their corporate ethos and values.

See how well you cope with situational judgement tests with some practice tests .

Each firm will have its own processes and criteria for the assessment tests. Some will encourage tests at the start of the application process, others will use them further down the line as part of their filtering processes.

This may be the first time that you’ve encountered an aptitude test and it may be daunting as you may not know what to expect. You can access many aptitude tests online where you can practice.

It is highly recommended that you spend time preparing for these tests as investment banks will only offer Spring Week positions to the high scorers. It is believed that Morgan Stanley has a strict 90%+ criterion for applicants.

Three predominant aptitude test providers will likely be assessing the psychometric tests .

Broadly speaking, each test provider will ask multiple-choice questions which are timed.

Whilst Kenexa will allow you to go back and change your answers, SHL will only accept your first answer. TalentQ will provide increasingly difficult questions that will benchmark your capabilities.

The Interview Stage: The Telephone Interview

Once you have passed the aptitude test, you will then be invited to participate in a telephone interview with an HR representative.

This will be an opportunity to showcase your knowledge and commitment to investment banking.

The hiring manager will likely ask you questions about your motivations, rather than your specific capabilities. They’ll be checking to see if you make a good cultural fit within their team.

The telephone interview is often used as an additional screening process. This is because the senior management team only have the time to interview serious candidates face-to-face. Therefore, you may find that the questions are relatively straight-forward.

The Interview Stage: Meeting Face-to-Face

If you’ve made it this far in the application process for Spring Week, then you have done well and will be regarded as a strong candidate.

The final face-to-face interview may be your last chance to impress the hiring panel and convince them that you are worthy of a place on Spring Week.

The interview process differs with each bank. Some investment banks will have a traditional interview experience, whereas others may invite you to an assessment morning which will combine the initial HR interview with an additional ‘capability’ interview.

The interview panel may consist of junior bankers, other managerial personnel and an HR representative.

It’s important to remember that the interview is only for a short Spring Week placement, not a summer internship , so the panel will focus more on core competencies and potential, rather than your technical knowledge.

After all, they know that you are likely to be a first-year undergraduate student.

They’ll be looking to find out about:

  • Your leadership capabilities
  • How you work as part of a team
  • Your time management processes
  • Your ethics
  • Your experience
  • Whether you’ve done any previous volunteer work
  • Your outside interests

Before the interview, make sure you’re aware of the latest financial news and do your due diligence into the investment bank. Find out who they work with and what projects they’ve recently been involved with.

The hiring panel will be looking for someone with the passion to succeed and an interest in banking.

If you are accepted onto Spring Week you will have made a great impression on the hiring panel. But how can you make sure that you get the most out of the opportunity you have been offered and continue to impress?

The most impressive Spring Week participants are sometimes offered further training and internships so the stakes are high.

Here is some advice on how to successfully convert your Spring Week placement into a summer internship.

Step 1 . Do your research in advance

Make sure you’ve done your due diligence before your Spring Week. You need to demonstrate that you know everything about the bank. You want to show that you’ve taken the time to find out what projects they are working on and what their reputation is. You may be questioned about your knowledge by senior managers, so you need to be prepared to show that you’ve done your research into the company.

Step 2 . Take an active part in all activities

There will be a lot of competition for summer internships so you need to stand out. Make sure that you play an active role in all group exercises and presentations. You need to show that you are capable of working independently as well as being a strong team player. Listen to and learn from others, but don’t be afraid to share your own opinion. You only have a few days to make a positive impression on people who may play a huge role in your future career.

Step 3 . Set up a professional LinkedIn page

This will allow you to make online connections with the people that you meet. You should do your best to talk to as many people as possible and show your interest in who they are/what they do. You want to be memorable for the right reasons, so try to show what you have learnt through your academic study.

Spring Week can play a huge part in your future investment banking career. Along with invaluable insights into the career itself, banks have been known to offer summer internship positions directly to the best candidates, these can potentially lead to job offers so should not be underestimated.

Investment banking is hugely competitive and your success after graduation will depend on the experience that you’ve gained throughout your degree. Therefore, you should take any opportunity to boost your CV and your credentials.

You must also make the effort to keep in touch with the professional connections that you make during your Spring Week. This could be as simple as keeping in touch through professional networking sites such as LinkedIn. Or you could make the effort to ask contacts to act as a mentor for you.

It’s not impossible to gain a summer internship without having participated in a Spring Week. However, those who have taken the initiative to apply for (and succeed) in an application for a Spring Week programme will be highly sought after.

You might also be interested in these other Wikijob articles:

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spring week cover letter

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How to Write a Finance Cover Letter

Not all jobs need them, but for those that do, here are some guidelines from morgan stanley’s recruiters on how to write one..

Searching the internet for tips on how to write a cover letter will produce a litany of dos and don’ts: Flex your communication skills, but don’t go over three paragraphs; don’t recite a generic list of skills, but do speak to every requirement in the job description; be professional, but also be personal…the list goes on.

Truth be told, not all jobs need cover letters, but for the times when they’re required, it needn’t be so complicated to get them right.   Our recruiters say that applicants can hit the mark as long as they follow a few basic rules,  and refrain from quoting Shakespeare or likening their job search to Fantine’s demise in Les Miserable. (It happens). 

1. Why You Need One

They provide a missing link between the living-you and the formulaic resume or CV. Your cover letter conveys three important things:

  • You understand what the firm is looking for.
  • You’ve got the skills.
  • You’re articulate.

2. What to Include

Write it like a letter—include your address, Dear Sir/Madam (or better still, the name of the person, if you know who the interviewer is), and make sure to end it with a closing (“Yours faithfully,” etc).

  • First Paragraph: An opening statement that sets out why you’re writing the letter. Begin by stating the position you’re applying for and if you became aware of it by going to a recruiting event.
  • Middle Paragraphs: Two or three paragraphs to explain what attracted you to the type of work, why you’re interested in working for the company, and why you think you’d be a good fit.
  • Last paragraph: Thank the employer and say you’re looking forward to receiving a response.

Wanted: Non-Finance Graduates

5 business communication skills for your career, don’t let these common interview questions trip you up, 3. beware the generic cover letter.

Cover letters  can end up being deal-breakers if  they have mistakes in them, and most mistakes are made when a generic letter is used for every application. You’d be surprised by how many times people forget to switch out the name of one firm for ours. Not only do we know you’re applying elsewhere, but it shows lack of attention to detail.

4. Strike an Authentic Tone

Another reason not to use a generic cover letter: It just doesn’t sound authentic. Writing it from scratch will create  a warmer, more engaging tone—even if it’s just a few paragraphs.

5. No Need to Repeat

Don’t use the cover letter to repeat skills that you’ve already outlined in the resume, which speak specifically to the requirements in the job description. 

6. Make the Most of Your Experiences

Do include  experiences or skills that might not be specifically called for in the job description, but you believe will add to your appeal and help you excel in the role.  Examples could be collaborative, leadership or problem-solving skills from extracurricular activities or previous jobs. Just ensure that they’re truly relevant and compelling, and not a stretch. 

7. Get a Second Opinion

Whatever you end up putting in your cover letter, make sure to check for mistakes. Get someone to proofread your letter for typos, grammatical errors, the wrong firm name, and any Broadway Musical references that might have made their way in.

Good luck! And feel free to reach out to our campus recruiting team members if you have any questions. 

Get Your Career Started At Morgan Stanley

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What Do Recruiters Look For?

What makes a student stand out during campus recruiting season? Morgan Stanley asked some of its leading recruiters, and this is what they had to say.

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Questions Interns Are Dying to Ask But Don’t

How do you know if you're being overly eager? Should summer analysts speak up at meetings? Here are some answers.

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Investment Banking Spring Weeks: The Full Guide

Investment Banking Spring Weeks

If you're new here, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking . Thanks for visiting!

If you go by most online discussions, investment banking spring weeks in the U.K. are as essential as oxygen or high grades if you want to work at a large bank.

Unfortunately, there’s a lot of “group think” here, driven by endless forum threads and student groups over-hyping and over-marketing the concept.

Banks are also to blame because they now market spring weeks to students as young as 16 .

If you want to work in investment banking in London , these “spring weeks” (1-2-week mini-internships in your first or second year of university) are helpful but not necessarily required.

It is 100% possible to win internship offers without attending spring weeks, and they have some downsides that no one ever discusses.

But before exploring “the dark side” here, I’ll start with a quick summary:

Table Of Contents:

Investment banking spring weeks defined, summary of spring weeks: advantages and disadvantages, which banks offer spring weeks, how to apply for investment banking spring weeks, who wins spring week offers, what do you do in a spring week.

  • How Do You Convert a Spring Week into a Real Internship?

What If You Don’t Win a Summer Internship?

  • Downsides of Investment Banking Spring Weeks

Final Thoughts on IB Spring Weeks

Investment Banking Spring Week Definition: In a “spring week,” students in their first or second year of university complete a 1-2-week internship at a bank, normally in London, which may position them to win an official summer internship the next year.

Spring weeks are mostly “a thing” in the U.K., but large banks in Asia-Pacific may also offer them.

They do not exist in the U.S., Canada, or Latin America, and in continental Europe, you normally go to London to complete the spring week.

The concept is simple: Apply to dozens of these “pre-internships,” win and complete a few, and walk away with a penultimate-year internship already set up.

Unfortunately, it’s not quite that simple – due to massive competition, a fairly involved recruiting process, and low conversion rates at many banks.

My summary would be:

  • Spring weeks can be a good pathway into full IB summer internships because, depending on the bank, 20 – 40% of students might receive internship offers (and at a few firms, this is closer to an 80%+ rate).
  • Applications for March/April spring weeks open far in advance (August – October), and it’s “first come, first serve,” so apply as early as possible for the best chance.
  • Expectations for technical skills and work experience are lower, but the process is more random than normal internship recruiting and depends on fit, grades, and activities. Many spring weeks also have a heavy “diversity” component.
  • The odds of winning an individual spring week are low because many banks receive 2,000 to 5,000 applications for 50 – 100 spots. Since it’s a numbers game, you normally apply to dozens of spring weeks.
  • To convert your spring week into an internship, you will go through interviews or case studies on the last day; ~50% of interns will then be invited to an assessment center, and ~50% of those might win a summer internship for the next year (but, again, the odds vary, and more than 25% will win internship offers at some banks).
  • The main downsides of spring weeks are 1) Completing one does not guarantee you an internship, so you still need to keep networking, gaining work experience, and preparing even if you have won multiple spring weeks ; and 2) Some students spend so much time applying to and completing spring weeks that their grades and activities suffer.

All the bulge bracket banks in the U.K. run them, but so do many elite boutiques (Lazard, Evercore, PJT, etc.), middle-market banks (Jefferies, Houlihan Lokey, etc.), and “ in-between-a-banks ” such as RBC and Wells Fargo.

Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here.

The most important point is that the acceptance and conversion rates vary wildly by firm .

For example, Citi is known for awarding internship offers to 80 – 90% of spring week participants in many years, but other banks are in a much lower range.

You need to factor this in when making decisions because even if one bank is “better” on paper, a 90% conversion rate trounces a 15% or 20% conversion rate.

You need to pay close attention to application open dates and apply ASAP , just as with real internships.

You can easily look up banks’ “spring week,” “spring insight,” or “discovery” programs (they’re all the same), but you can also use various online trackers to find the dates.

In fact, here’s an example of one such tracker with dates and information by bank.

Applications normally open between August and October, offers are usually sent in December – January, and you get the scheduling information in February.

The exact process varies by bank, but you can expect something like this:

  • Online Application: This includes your academic and contact information, CV , cover letter (if required), and competency questions , which are written versions of the standard fit questions (expect 1 – 5 questions with answers of 150 – 300 words each).
  • Numerical / Verbal / Logic Assessment: These tests are very similar to those given at or before assessment centers , and you can practice the same way ( we recommend JobTestPrep ).
  • HireVue and/or Phone Interview: Expect mostly fit/behavioral questions and maybe a few simple technical/deal/market questions.

The biggest difference vs. the normal recruiting process in the U.K. is that you may not necessarily go through a full assessment center (AC) before the spring week .

Since ACs are expensive to administer, banks usually reserve them for candidates who have advanced further into the process.

Also, students applying to spring weeks are in their first and second years of university, so the group exercises often given in ACs may not be useful at this stage.

The acceptance rates for most spring week programs are below 5%, so the short answer is “not that many students.”

If 3,000 students apply to Bank A, perhaps 100 – 200 will be selected for interviews, and 60 might get spring week offers.

Since students have almost no experience, the selection process comes down to:

  • Do you go to a target school , or at least a decently well-known school?
  • Do you have good grades, such as a 2:1 or above? What about your A-Levels, especially if you don’t yet have an academic record?
  • Do you have interesting hobbies, activities, or student groups?
  • Are you in one of our diversity categories (e.g., female, international, non-STEM/finance major, certain ethnicities, etc.)?
  • Are you personable?

Usually, at least 50% of the students who win offers are from target or semi-target universities in the U.K. (e.g., Oxford, Cambridge, LSE, UCL, Warwick, and Imperial).

The remainder come from a mix of target and semi-target schools in continental Europe and lower-ranked schools in the U.K.

You might wonder what you do at a bank if you only intern for 1 – 2 weeks, as most deals take months or years to execute .

Your tasks will include:

  • Shadowing a few bankers.
  • Attending workshops and training sessions.
  • Practicing some of the work skills with non-client companies.
  • And getting plenty of networking opportunities and attending social events.

You won’t be allowed to work on live deals for confidentiality reasons.

And if you’re in sales & trading , you won’t be allowed to trade or sell, just as you’re similarly restricted in S&T internships .

Therefore, most of your success depends on how well you network and how you perform in the final interview(s) or presentation.

How Do You Convert a Spring Week into a “Real” Internship?

This one varies by bank, but you’ll usually have to prove yourself with an end-of-week interview or case presentation.

If you do well enough, you’ll get invited to an assessment center , and if you perform well there, you’ll get a summer internship offer for the next year.

That’s a huge advantage because you won’t have to worry about applying or going through the entire recruitment process again.

The overall odds look like this:

  • < 5%: Your chances of winning a spring week from a single application.
  • ~50%: Your chances of doing well enough in the spring week to advance to the AC or other evaluation afterward.
  • ~50%: Your chances of winning a real internship offer out of the AC.
  • ~25%: Your overall chances of converting a single spring week into a summer internship, with huge variation by bank. The average range is probably more like 20 – 40% .

For tips on performing well at each stage, please see the articles on IB internships , internship preparation , S&T internships , and assessment centers .

The rates trading article has some tips for S&T assessment centers and interviews.

Bankers look for the same criteria as always: Reliability, decent industry knowledge, and evidence that you learned something during the week.

The main difference is that they can’t judge your “work product,” so networking and following up with everyone you meet are more important.

In other words, don’t just attend a social event and chat with people there.

When you meet someone, get their contact information and follow up with a quick call later if they seem receptive and helpful.

If you complete a spring week that does not convert, all you can do is apply for standard summer internships the next year.

Ideally, you’ll complete a finance internship before bank applications open in ~August and do the usual networking and interview prep.

If you have multiple spring weeks , your odds of winning at least one internship increase substantially.

However, if some of these spring weeks overlap, even by a few days, you can’t complete them all – so you’ll have to pick the firm(s) you’re most interested in.

If your SW does not convert, you’ll need a solid explanation before your next interviews.

You can refer to the article about what to do with no return offer from an internship , but I would recommend keeping your explanations short and sweet:

“I did well in the workshops and training but didn’t fit well with the team.”

“I liked the work but preferred a different industry or product group .”

“They were looking for people with a more extensive background in [X], so I wasn’t the best fit.”

OK, So What Are the Downsides of Investment Banking Spring Weeks?

Reading everything above, you might think:

“OK, so winning spring weeks is very difficult, and your chances of getting a full summer internship aren’t great, but so what?

It’s the same as normal IB summer internships at the large banks.”

There are a few problems, but I’ll start with the most obvious one: Some students spend excessive time on spring week preparation and applications when they could use their time and resources more effectively.

It’s like the downsides of studying for the CFA : The certification won’t hurt you, but it’s not necessarily worth the time and money required.

Also, completing a spring week mostly helps when applying to one specific bank for the same role.

For example, if you do an IB spring week at Bank of America but then decide to focus on corporate finance roles at Fortune 500 companies , this spring week will not help much vs. a 10-week summer internship.

Bankers in regions like the U.S. also have a low awareness of spring weeks, so if you decide to move or work elsewhere, the experience won’t help much.

Finally, completing a spring week does not guarantee an internship next year, so it may not reduce your workload.

In other words, if you win 2 spring weeks at different banks, you can’t just say, “OK, I’m done – time to relax and not worry about next year.”

You might not convert either one, so you need to continue preparing and networking, and you’ll need to gain some solid experience between now and internship applications.

By contrast, you could ignore spring weeks, do student activities and clubs, and network a bit to win a summer internship at a boutique PE/VC/other firm.

You would be under less pressure because there’s no expectation of return offers there, and you could still leverage the experience to apply to internships at large banks afterward.

The bottom line is that investment banking spring weeks were more useful a long time ago – before every finance/economics student in Europe became obsessed with them.

Due to over-saturation and obsessive-compulsive behavior, the odds have worsened, and the value proposition has fallen.

If you want to work in IB in London and you’re starting early – before you arrive on campus in a 3-year degree or in Year 1 of a 4-year course – yes, apply to spring weeks.

But also realize that:

  • A 2-week internship does not determine your entire life’s destiny.
  • There are other paths into banking (do 1-2 internships and a good activity, do off-cycle internships , pursue lateral hiring after graduation, etc.).
  • At most banks, most summer interns have not completed a spring week at the firm.

If you understand these points and avoid freaking out over your acceptance status at 50+ banks, your spring week experience might be almost as much fun as a spring break.

spring week cover letter

About the Author

Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street . In his spare time, he enjoys lifting weights, running, traveling, obsessively watching TV shows, and defeating Sauron.

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CV and cover letter review for spring week

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Hi WSO community,

Would anyone be so kind to take a look and critique my CV and cover letter as I am applying to spring weeks. I really appreciate your time and will make a conscious effort to respond and implement your comments. Any feedback on any part of the CV and/or cover letter is much appreciated. 

Many thanks

Question: I'm not sure how to detail specific stock recommendations regarding the equity research experience and stock pitch competition. Is it even appropriate? If yes, how would I go about describing the valuation / pitch ?

Miscellaneous:

Cover Letter for both Investment Banking and Global Markets spring week. This is for Goldman which has a 300 word restriction so I abandoned some conventions for this application only.

Incoming first year in UK borderline semi-target school. Had 1 year of uni experience prior explaining the president of business club.

CV

Cover Letter uploaded as a document and only able to be viewed on browser :(

re cover letter: fix general grammar/spelling errors. There's a hyphenated sequence there that shouldn't be there.  Identify what skill you can demonstrate but don't explicitly say that it's relevant to the roles since that gives the impression that you think you know the job well.  Even if you do, they don' t think you do. Also, general rule of thumb for GS : Apply to both divisions but focus on one  in the cover letter. HR has been vocal about this at events and to spring attendees so play the game. Pick which one you want more and focus on that one. 

re CV: had a cursory look but USD is followed by Yen sign on merchandise trading company. remove the chinese investing stuff from interests, its there to spark up a conversation and attempt to make you look not like a complete finance nerd so replace it with something memorable. CV is good in terms of content relative to competition but just be aware that a lot of people with actual relevant work ex get nothing in favour of candidates who did random work experience in like a restaurant or something.  Spring recruiting is 70% random with a good amount of that figure being formed from your university name and if you fit diversity aims. The last 30% is having a good CV and cover letter.

boarderline_target's picture

Hey, thanks for taking the time to go over my cover letter. It makes sense to not explicitly say how my skills are relevant since I really have no inkling but just a very vague concept of what the role issei's like.  Also very helpful to know that I should focus on one division. I could only gloss over the key points as I tried to talk about both divisions. Your advice would free up some word count which would allow me produce a more focused letter. Also will make changes to my interest. Again thanks for your time and helpful advice! Very helpful.

Purple Aki Associates - Certified Professional

Damn how did you get so many internships before uni?

Very common from applicants outside of the UK (namely mainland Europe)

I'm from Europe and I didn't have the chance to get anything :(. This guy looks like he has a good start, wish him luck

Ask around family, friends, and exhaust any kind of connection. For me, I just kept looking for experiences everywhere and anywhere. Although its best to get finance experience, IMO any work is better than no work at all. And then we can try to make sense out of how they are relevant to the role you're applying to. Keep looking and be initiative and something will come up. Best of luck!

I'm Asian ;(

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spring week cover letter

How to Write a Cover Letter and Examples

spring week cover letter

Scroll to the end of this post if all you want are actual examples I submitted to firms : seeing other people’s examples was by far, the most useful resource that helped me improve my own cover letters and formed the basis of my approach.

Cover letters can be a lot of effort but be patient because [1] if you put the effort in for each ‘why firm’ paragraph, that will set you up for the interview and [2] the process will get faster the more effort you put in early on.

So how do you write a good cover letter?

Firstly, some rules of thumb:

  • Keep it to 400 words (+/- 10%)
  • Don’t go smaller than size 11 font
  • Use an example to spark ideas and to double up as a template; scroll to end to see 3 examples of my own (Evercore, Credit Suisse and JP Morgan).

Whereas the key to speeding up CV writing is using a template, I found the key to writing a cover letter is using someone else’s as an example (which doubles up as a template).

Here is the structure I would use:

“I am entering my penultimate year studying X at the University of Y, where I expect to receive…” .

See examples below for a more detailed outline of my approach. This brief introduction can be incorporated into the first paragraph, but I would simply have it as a 2 line stand-alone section as you can see in the examples at the bottom of this post.

1. Why the Firm?

Move straight into your 2 or 3 reasons for why the firm .

I used to begin with why the division, but this technique of starting with the most tailored paragraph of why the firm prevents you from sounding generic from the get-go.

For example: “I am drawn to apply to X because of its unique combination of being a premier global advisory firm and having an entrepreneurial, open culture.”

Then support your point by mentioning people you’ve spoken to and past experiences that draw you to that culture.

The why firm part is where networking becomes critical and can make your life a lot easier. The reason I would suggest starting with why the firm is because it draws the recruiter in straight away and is the most case-specific, tailored part of your cover letter to that firm so convinces them you’ve done your research from the get-go.

Stay tuned for next week’s post which will extend the current mini-snippet on how to network effectively.

2. Why the Division?

I recommend linking why the division into why the firm to avoid making a paragraph seem generic, although that doesn’t stop you from dedicating 2 paragraphs to the overall section.

This is where it becomes more of an art than a science, even more so than before but I will try my best to make this an actionable, reproducible strategy.

Here are 2 approaches you could try for yourself and see what works best for you:

  • [Approach 1 – two simple reasons] This approach is where I attempt to harness the Pyramid Principle through writing in a top-down fashion.

Financial Advisory appeals to me based on the analytical mindset required by analysts and the meaningful impact that M&A can have on an industry, which can lead to exciting work.

I gained an insight into the problem-solving mindset required by analysts during a spring week at Lazard, where I most enjoyed analysing five potential buyers concerning a mock company sale.

It was through a remote internship at Singleton Valuations that I could appreciate the impact of M&A when analysing a Canadian healthcare company that had grown by consolidating a fragmented market through a string of acquisitions.

  • [Approach 2 – Narrative… ] Approach 2 is something that evolved as I reflected more deeply on my past and although I didn’t use it for any of my cover letters, it is something that worked much more effectively in interviews and therefore something I wish I had harnessed earlier on. When reading through this particular approach, I recommend thinking of something you were exposed to that could form the basis of your own narrative e.g. a small family shop, restaurant chain, start-up and so on.

Since this approach is more personal, it is probably most useful if I talk through it instead of giving my word-for-word response: The investment banking division appeals to me based on my interest in delivering to clients at critical stages of their growth story.

My curiosity in business structures, how they grow and overcome challenges stemmed from stories of my granddad’s steakhouse in Upton Park…then I would give a bit of context as to why this is where that interest stemmed from. Note how I name the place; being specific about such narratives more personal to you is critical when convincing the interviewer.

Next, I would continue this line of reasoning explaining my motivation: These stories planted a curiosity in me for acquiring business acumen. It is this curiosity that led to accounting insight weeks (where I was exposed to the Deals team at PwC), the Warwick Finance Societies, Lazard and finally Singleton Valuations that ultimately helped me confirm IB is where I want to begin my career.

Although too long for the cover letter, I would be ready to extend or adjust this line of reasoning e.g. when conversing during the interview to include: I believe I have gained enough exposure to have the confidence that I am suited to the role of an analyst. For example, I have found delving into company analysis intellectually stimulating like when analysing a Canadian healthcare company that was consolidating a market through a string of acquisitions. This particular analysis involved investigating and presenting their competitive advantage and the success behind their acquisition model.

3. Why You?

You’ve got to see the language they use – e.g. ‘strong interest in Investment Banking’, ‘innovative’, ‘creativity’, ‘analytical thinker’. Read the application form and save this application form as a pdf to refer to later on because the firm will probably remove this after a certain point in time.

Then use this application form to brainstorm keywords you could relate to your own set of experiences. I recommend using the [what you did + metric of success] & [how you did it] structure to prove you have the particular skill you’re showcasing.

As you can see, the why you section of the cover letter is very similar to the ABC method from the CV. However, remember that it is best to include things you haven’t yet included in your CV.

Optimising your Writing

Read the Pyramid Principle as I firmly believe it will transform the way you communicate, including your writing – this is a book I will be trying to read at least once a year to sharpen communication skills. See this post for a summary of key takeaways from the Pyramid Principle.

The following is a list of forbidden words I wish I had heard when I was writing my cover letters since they ensure you avoid unnecessary waffle – you’ll see how I still have a long way to go in applying these tips myself:

  • Also (just say the next point)
  • Not only but also (even worst than also since you’re wasting three more words)
  • Additionally
  • Furthermore
  • Always (I doubt you’ve been interested in finance since you were born)
  • Had to (just say what you did)
  • Fortunate enough (don’t make it sound like your family landed you the opportunity)
  • Sparked, fuelled, ignited (avoid cliches like words related to fire)

I was initially hesitant about including the list above in fear of sounding hypocritical since you’ll see words like ‘also’ in my own cover letter examples and my posts can always be made more concise. However, I decided to add this section, in the light that these are further optimisations or improvements you can apply to your cover letter responses, and to not give a false impression that I am perfect. So I apologise for any hypocrisy from this section.

Final Hacks

  • Brainstorm the ‘why division, ‘why firm’ and ‘why you’ sections before writing.
  • Build a ‘firm profile’ using the firm website and its annual report – find initiatives that take 10-clicks to uncover that no one else will specifically mention and that moreover resonate with you.

Before going into the examples, check your cover letter with extreme diligence . Check it once, check it twice, check it three times – if you’re not sick of checking it, you have not checked it enough. Checking can be a painstaking process, but it is paramount that you take this seriously. It took mistakes during my spring week applications to teach me this lesson, so it would be hypocritical for me to think that this paragraph of advice will be enough to get you into the habit of checking so meticulously, although if you have made it through this much of the article, I have a lot more faith in you than my past self!

Caveat: Despite these examples not being perfect, I think it is still worth sharing them as it was examples that catalysed my own progress in writing cover letters and application-specific responses.

Application-specific Question Examples

Application-specific Q1: In your own words, please describe the function of the division you have selected and why have you applied to [bank name]? (200 word limit).

The Investment Banking Division is made up of different industry coverage, region and product teams whose aim is to advise clients on the execution of a mandated or potential transaction. These transactions commonly include a merger or acquisition (M&A), leveraged buyout (LBO) or capital raising.

Having confirmed my interest in Investment Banking after being drawn to the work undertaken by analysts following a spring week at Lazard, I took steps to confirm which bank would be right for me. After speaking with [name], an Analyst in LevFin, I was drawn to the unique pooling system as part of the internship programme at [bank name]. I highly value the flexibility offered in this structure which allows interns to explore multiple areas in finding the team they most enjoy working with.

Secondly, I am drawn to the emphasis placed on ‘Acting Responsibly’ through giving back to communities. Having built a resource-sharing start-up aimed at supporting year 13 students to master STEM-based subjects and therefore pursue technology and entrepreneurial ambitions, the EMEA partnership with “Code First: Girls” particularly resonates with me. I am attracted to opportunities like these that allow employees to give back to the wider community at [bank name].

Application-specific Q2: As an intern, what would you like to achieve in your 10 weeks at [firm]?

[I have not named the firm that asked this question because this is more of a generic question that will hopefully help you form a response for whichever company asks something along these lines.]

The three goals I would aim for if given the opportunity to intern at [firm] would include: mastering technical ability, honing interpersonal skills and building a strong network.

Firstly, within mastering technical ability, which is fundamental to the role of an analyst, I would aim on learning how to apply advanced modelling techniques and spreadsheet manipulation to carry out valuation analysis. Alongside quantitative analysis would be perfecting my ability to build concise and clear presentations for client meetings. Also, acquiring the mindset of an analyst through understanding the context of [firm]’s service more holistically would be a key component of technical mastery.

Secondly, enhancing my interpersonal skills through honing my ability to build rapport with senior professionals and clients would be a core goal I would aim for. As well as learning how to effectively communicate with seniors, I would seek to live up to the collaborative and entrepreneurial values of the firm, while embodying humility in trying to become an influencer that [senior person’s name] highlights as being paramount to the future leaders of [firm].

Finally, I would aim at building a strong network. Building relationships with people that are willing to offer mentorship has always been a priority for me, as I am keen on catalysing my development through harnessing wisdom from others. Alongside seeking mentorship, I would aim at building relationships with fellow interns to share knowledge and create synergies.

Application-specific Q3: What strategic alternatives might a company have if they choose to not engage with M&A?

Firstly, strategic alliances can offer firms a greater variety of solutions as an alternative to M&A. This alternative also offers the potential benefit of being less resource-intensive upfront while still providing access to complementary features of the partnering firm.

These alliances may take the form of joint ventures, where two companies join forces to create a separate entity such as the Hyundai-Aptiv Autonomous Driving Joint Venture called ‘Motional’. The Motional joint venture has allowed Hyundai and Aptiv (formerly Delphi) to join intellectual property and employee talent to speed up the development of self-driving cars while reducing the burden of such a long-term investment.

Within the strategic alliance umbrella, but less formal than joint ventures, are market collaborations which allow companies to market their brands and services together. Such collaborations may come in the form of R&D or marketing alliances.

Finally, a company may aim for organic growth rather than growing via acquisition if their aim is on achieving market share expansion, for instance into new geographies. Within the organic approach is an investment in internal development, which has the potential to address the motive behind acquiring intellectual property. Companies like Apple have shown the potential of accelerating innovation through investment in internal development which has built a strong moat around the company’s hardware, thereby opening doors to other, more lucrative offerings.

Application-specific Q4: What do you think has been the most strategically successful M&A deal you’ve seen in the last few years and why?

I believe the most strategically successful M&A deal has been T-Mobile US’s $23bn all-stock acquisition of Sprint which closed on April 1, 2020, after a 2-year long approval process that was initiated on April 29, 2018. The significance of the deal lies in the fact that it reflects a crucial step in helping T-Mobile build a world-class nationwide 5G network that has the potential to surpass Verizon and AT&T.

T-Mobile is a mobile communications subsidiary of German telecommunications company Deutsche Telekom AG and Sprint was a telecommunications company providing wireless and wireline communication services and products to clients. T-Mobile and Sprint are the third and fourth-largest carriers in the US, respectively.

The first reflection of the deal’s success is in the expanded customer base it will allow the new entity to achieve. By exceeding 140 million mobile customers, this deal will enable T-Mobile to compete against AT&T and Verizon that have 141 and 150 million subscribers respectively.

Secondly, the strategic success is underpinned by the unrivalled 5G network the new entity will now be able to build. As a result of the merger, T-Mobile has pledged to invest $40bn into infrastructure that, by 2024, is forecasted to result in a 5G capacity 8 times greater and a network speed 15 times greater than if the companies were to have worked alone. These statistics are partly driven by run-rate cost synergies that are expected to amount to $6bn, arising from R&D and overhead cost savings.

Cover letter examples

Looking at other people’s examples helped me most when improving my cover technique so hopefully these help you in the same way. You’ll notice the similarities between each of the cover letters and how after crafting your first one, you’ll be able to make them more quickly.

Torch Partners cover letter example

Evercore cover letter example, recent posts.

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  6. Spring Week Cover Letter Cover Letter and Interview Experience

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