Awareness of investment banking activities and vocabulary plays an important role in a successful job search. Investment banking is a complex industry, involving a number of activities ranging from raising funds through debt or equity to making public issue offerings. Bulge bracket firms, such as Goldman Sachs also provide advisory services related to mergers and acquisitions and asset management services to their clients. So, if you are eyeing an investment banking job, you need to be aware of the financial and technical terms used in these jobs.
You should be familiar with terms like Clearing House, American Depositary Receipt, ROCE (return on capital employed) and LIBOR (London Interbank Offered Rate). There are numerous sites, such as Bloomberg and Investopedia, that can help you brush up on your knowledge of investment banking terms.
Deep industry knowledge will always give you an edge. So learn as much as you can about the industry. If you are a specialist in any domain you have an advantage over other candidates. If you have in-depth knowledge about a particular industry and can capitalize on your insight into making investment decisions within that industry, be sure to highlight that in your conversations.
Stay abreast of the current financial events. Awareness of the latest M&A deals being negotiated and the movement of various investment banks in the league table will help you communicate effectively. The Wall Street Journal is an excellent news source and you will benefit by getting into the habit of reading it everyday.
You can read more career advice including Six Places to Start Networking at Investment Banking Jobs Digest.