In final-round Goldman Sachs or J.P. Morgan interviews, your answer to "Why Investment Banking?" is crucial.
Having recruited extensively for top banks, hereโs my proven framework to craft standout answers that secure offers:
๐๐ญ๐๐ฉ 1: ๐๐๐๐ฅ๐๐๐ญ ๐จ๐ง ๐๐จ๐ฎ๐ซ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ โ๐๐ก๐ฒโ
Explain how your interest began (e.g., a finance competition), how it developed (internship or student fund), and the moment it solidified (e.g., summer analyst experience). Authenticity comes from showing genuine reflection and exposureโnot generic motivation like salary.
๐๐ญ๐๐ฉ 2: ๐๐ฅ๐ข๐ ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ง๐ค๐ข๐ง๐ โ๐ฌ ๐๐๐
Match your motivations clearly to the roleโs realities. Love financial analysis? Discuss your passion for modelling and valuation. Thrive under pressure? Highlight teamwork on intense deals. Prove you truly understand and desire this demanding career.
๐๐ญ๐๐ฉ 3: ๐๐ฌ๐ ๐ญ๐ก๐ ๐๐๐๐-3โข ๐
๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค
Structure answers clearly:
โข Point: Your primary motivation for banking.
โข Evidence: Specific experience demonstrating this motivation.
โข Analysis: What you learned or achieved, reinforcing your interest.
โข Link: Tie directly to the firmโs strengths and values.
โข Data: Quantify your impact (deal size, outcomes achieved).
Example: โLeading my universityโs investment fund sparked my interest in bankingโs analytical rigour. During an internship at a boutique bank, I built DCF models for a ยฃ150M healthcare deal, refining valuations under pressure. This experience deepened my passion for complex financial analysis. That's why your firmโs leadership in healthcare M&A, like the ยฃ5B ABC-XYZ merger, strongly aligns with my ambitions.โ
๐๐ญ๐๐ฉ 4: ๐๐จ๐ง๐๐ข๐ฌ๐ & ๐๐ฆ๐ฉ๐๐๐ญ๐๐ฎ๐ฅโ๐๐๐๐-3โข ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐
Briefly structure examples:
โข Situation/Task: Outline scenario concisely.
โข Action: Clearly state your role.
โข Result: Quantify your impact.
โข Reflect briefly: How this reinforced your banking interest.
This tight format conveys rich, impactful stories quicklyโessential for brief, memorable answers.
๐๐ญ๐๐ฉ 5: ๐๐๐ฌ๐ญ๐๐ซ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒโ๐๐ซ๐๐ฏ๐ข๐ญ๐ฒ ๐๐๐๐ก๐ง๐ข๐ช๐ฎ๐
Elite banks assess how you communicate:
โข Controlled Pace: Speak calmly, use pauses confidently.
โข Confident Demeanour: Strong posture, steady eye contact.
โข Purposeful Words: Concise, impactful statementsโno fluff.
This conveys gravitas, showing interviewers youโre already poised like a professional banker.
๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ค๐๐๐ฐ๐๐ฒ
Use these strategic frameworksโauthentic personal narrative, clear structure (PEAL-3โข & STAR-3โข), and confident delivery (Gravity Technique)โto craft exceptional answers. This approach consistently turns interviews into investment banking offers at Goldman Sachs and beyond.
Which part of your โWhy Investment Banking?โ answer do you find hardest โ motivation, structure, or delivery?