Investment Banking Development
Program (IBDP)
T1 Session 1: Introduction to Investment Banking
1 March 2026
Agenda
1
Program overview
2
What is investment banking?
3
How do you break into investment banking?
4
How do you best prepare for recruitment?
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
2
IBDP 2026
1. Program overview
Introduction
Background
▪ 4th year
▪ Bachelor of Commerce (Finance) & Information Systems at UNSW
Work experience1
▪ Morgan Stanley: Investment Banking Summer Analyst (Financial Institutions Group & Financial
Sponsors Group)
▪ Jefferies: Investment Banking Winter Analyst (Leveraged Finance & Equity Capital Markets)
▪ Pemba: Private Equity Intern (Non-banking Financial Services)
▪ Adara: Corporate Advisory Intern
▪ EY: Transaction Diligence Intern
▪ PwC: Financial Advisory Trainee
Extra-curricular activities
Catherine Yang
▪ Real Estate Investment Student Association: Vice President (Internals), Events Director
▪ Personal Finance Club: President
▪ UNSW Consulting Club
▪ 180 Degrees Consulting: Marketing Director
Note: 1 Work ex perience is not in chronological nor reverse chronological order.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
4
Program overview
The IBDP program ultimately aims to help place students in the best position possible to break into the competitive IB industry. The Private Equity Development
Program (PEDP) will run as a separate program in Trimester 3 of this year
Term 1: Breaking into IB
1
2
Session 1: Intro to investment banking
1
1
Session 1: Intro to private equity
▪ Date: Sunday, 24 May 2026 (Holiday)
▪ Date: TBC
▪ Overview: This session will provide an
overview of investment banking, the
pathways to break in and how to prepare
▪ Overview: This session will walk through
and teach the key soft skills IB interns need
to know prior to starting their internship, and
the many mistakes interns make in this area
▪ Overview: This session will provide an
overview of the private equity industry, the
pathways to break into the industry and the
available opportunities for students
Session 2: Basic technicals workshop
▪ Overview: This session will walk through the
technical interview process, how to best
prepare, and teach basic concepts
2
Session 3: Advanced technicals workshop
▪ Date: Sunday, 12 April 2026 (Week 8)
▪ Overview: This session will walk through the
technical interview process, how to best
prepare, and teach advanced concepts
4
Session 1: Soft skills
Term 3: PEDP
▪ Date: Sunday, 1 March 2026 (Week 2)
▪ Date: Sunday, 22 March 2026 (Week 5)
3
Term 2: Securing a return offer
3
Session 2: Technical skills and excel
2
Session 2: LBO workshop
▪ Date: Sunday, 14 June 2026 (Week 2)
▪ Date: TBC
▪ Overview: This session will walk through
and teach the key technical skills IB interns
need to know and practice prior to starting
their internship
▪ Overview: This session will provide students
with an introduction to leveraged buyouts
(LBO), a fundamental transaction used in the
private equity industry
Session 3: Intern project and powerpoint
3
Session 3: Deal dynamics
Session 4: Behavioural interview workshop
▪ Date: Sunday, 5 July 2026 (Week 5)
▪ Date: TBC
▪ Date: Sunday, 3 May 2026 (Week 11)
▪ Overview: This session will provide
examples of different intern projects, teach
PowerPoint skills and the key tips / tricks to
be successful in this part of the internship
▪ Overview: This session will provide details of
other deal considerations for private equity
firms, explaining the transaction timeline and
key workstreams
▪ Overview: This session will walk through the
behavioural interview process, how to best
prepare, and identify common mistakes
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
5
Learning about you
Broadly speaking, most attendees appear to have a decent understanding of the investment banking industry and the responsibilities of an analyst, however
understanding of technical concepts appears to be a mixed bag….
Understanding of investment banking and its various groups
Understanding of the responsibilities of an investment banking analyst
n = 56
n = 56
18
20
16
14
15
11
8
5
3
2
Limited
Basic
Moderate
Good
Strong
Understanding of key technical concepts (e.g. DCFs, M&A, LBOs)
Limited
Basic
Moderate
Applied for an investment banking
role in the past?
Good
Attended an investment banking
workshop or networking event?
n = 56
22
Yes
23%
16
Yes
41%
10
No
59%
7
No
77%
1
Limited
Basic
Strong
Moderate
Good
Strong
n = 56
n = 56
Source: IBDP Knowledge Check surv ey
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
6
Learning about you (cont’d)
Most attendees have their sights set on working at a Bulge Bracket and seemingly do not care about compensation / prestige, however do care about high
competition in the recruitment process and long hours / burnout after starting full-time
Target investment banking destinations after university
Primary reasons for wanting to work in investment banking
n = 56
50
Interest in finance and deal-making
11%
41
37
Learning experience and skill development
29
Strong exit opportunities
34%
55%
1
Bulge Bracket
A/NZ
Elite Boutique
Middle Market
Other
Perceived biggest challenge in breaking into investment banking
Supposedly, no one in attendance wants to
pursue investment banking for compensation
and prestige reasons…
n = 56
Perceived biggest concern about working in investment banking
4%
4%
3%
11%
Long hours and burnout
High competition
Long-term career stability
31%
Unclear recruitment process
47%
Technical difficulty of interviews
82%
n = 56
Compensation and prestige
Limited exit opportunities in Australia
Intense pressure and work environment
Lack of networking opportunities
Other
18%
n = 56
And no one is concerned about the
(potential) lack of exit opportunities in Australia
Source: IBDP Knowledge Check surv ey
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
7
IBDP 2026
2. What is investment banking?
Overview of investment banks
The investment banking division is only one business segment of an investment bank, who also engage in equity research, sales and trading, and asset
management
Investment Banking / Corporate Advisory
Equity Research
▪ Advise corporations, governments and individuals on M&A and
financings
▪ Create and distribute research reports on publicly listed
companies
▪ Earns revenue by charging its clients fees for advising on M&A
and financing transactions
▪ Earns revenue by selling research reports predominately to buy
side clients (fund managers, asset managers, private equity,
super funds etc.)
▪ Can also be appointed as a “house advisor”, providing recurring
advice to clients (as opposed to purely advising on a transaction)
and earning revenue via a “retainer”
Sales and Trading
▪ Also pitches investment ideas to fund managers
Investment
Bank
▪ Oversee buying and selling of financial products to provide
liquidity to investors (fund managers, asset managers, private
equity, super funds etc.)
▪ Sales: Market products to clients and persuade clients to place
trades with their bank
▪ Trading: Executes trades on behalf of their clients
Asset Management
▪ Manages an investment portfolio on behalf of corporations,
government and individual clients
▪ Earns revenue through management fees and performance fees
▪ Management fees: Fixed fee (% of AUM1) a bank charges its
clients for managing their investments / money
▪ Performance fees: A fee that the bank earns for achieving a return
above a certain threshold
Note: 1 AUM stands for as sets under management, and ess entially represents the amount of money / investments an as set manager is mana ging on behalf of their clients.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
9
Overview of the investment banking division
The investment banking division provides advisory services for M&A and financing transactions
The investment banking division advises corporates, governments and individuals on M&A and financing transactions
Mergers and Acquisitions (M&A)
Financing
▪ M&A simply involves the buying and selling of companies
▪ Financing involves companies raising capital / money
▪ Common reasons companies engage in M&A include business growth, synergies,
economies of scale, diversification, vertical integration, tax benefits, information
transfer
▪ Common reasons companies raise capital include to fund organic growth opportunities,
inorganic growth opportunities (M&A) and to optimise their capital structure
▪ Mergers typically involve businesses consolidating to form a new enterprise with a new
name, ownership1 and management, whilst acquisitions involve one company buying
another and often don’t result in a new name, ownership1 or management
▪ Other types of transactions include carveouts / divestitures, de-mergers and asset sales
▪ Financing can be executed by issuing either equity, debt or hybrid instruments
▪ Equity: Selling an ownership stake in your company
▪ Debt: Borrowing money from an external party (which you will pay back on top of paying
the lender interest for providing this service)
Example transactions
Mergers and Acquisitions (M&A)
Financing
▪ Integral Diagnostics’ ~A$1bn merger with Capitol Health (Dec-24)
▪ US$1.1Bn debt financing (TLB2) of Whitehaven Coal’s acquisition of BHP’s Daunia and
Blackwater mines (Apr-24)
▪ Integral Diagnostics advisors included Barrenjoey and Jefferies
– Buy-side advisor considerations include the purchase / offer price, due diligence
on clinical assets, integration of service lines, competitive dynamics in radiology
services and structuring/financing considerations
▪ Citi was the sole advisor to Capital Health
– Sell-side advisors are ultimately aiming to maximise the purchase price of the
business, maximising value for shareholders
▪ Jefferies and BofA were joint arranger, underwriter and bookrunner
▪ Key considerations for Whitehaven Coal:
– Leverage: How much debt capacity could WHC support given coal price volatility?
– Structuring: What type of debt should be issued?
– Pricing: What interest rate will be charged on the debt raised?
Note: 1 Ownership will only change if the transaction has some level of scrip (equity) funding. 2 TLB stands for Term Loan B, and refers to a tranche of senior secured credit facilities that is designed to be syndicated in the institutional loan market. TLBs allow borrowers to defer repayment of a large portion of the loan,
incurring a large bullet payment in the final year(s) of the loan. By contrast, Term Loan A (TLA) arrangements typically amortise over the length of the loan, albeit at a lower cost to the borrower.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
10
Overview of investment banking teams
Coverage Team (M&A)
Clients
Financial Institutions
Group (FIG)
Commercial banks, insurance firms, superannuation funds, investment / asset
management funds and other financial companies
General Industrials
Group (GIG)
Companies involved with machinery, construction, manufacturing, waste
management
Technology, Media &
Telecom (TMT)
Technology: IT services, software, hardware
Media / Entertainment: Advertising, broadcasting, movies
Telecom: Digital infrastructure, wireless service providers
Power, Utilities &
Infrastructure (PUI)
Power: Renewable energy developers, thermal power, gentailers
Utilities: Electricity, gas, heat supply, water, waste management
Infrastructure: Distribution networks, power transmission
Real Estate (RE)
Australian Real Estate Investment Trusts (A-REITs), gaming, lodging,
development and real estate services companies
Metals and Mining
Companies that find, produce, and distribute metals and commodites
Healthcare
Biotech, pharmaceuticals, medical devices and equipment, hospitals, labs
Consumer and Retail
Consumer products, retail, food and beverage, e-commerce
Examples
Product Team (Financing)
Offerings
Equity Capital Markets (ECM)
Advises clients on raising equity capital, focusing on the pricing and structuring (e.g. private placement, entitlement offer) considerations involved
Debt Capital Markets (DCM)
Advises clients on raising debt capital, focusing on the pricing and structuring considerations (e.g. senior secured, subordi nated, convertible debt) involved
Financial Sponsors Group
Advises financial sponsor clients (predominately private equity) on transactions, focusing on the leverage and structuring considerations involved
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
11
Overview of investment banking responsibilities
Investment banking work can be split into marketing and transactions / deals, with juniors more involved in creating slides, modelling and valuation work whilst
seniors are more involved in originating transactions and advising clients
Marketing
Transactions
▪ Marketing is essentially where you pitch different transaction ideas to clients, in
the hopes they will pursue one of your ideas and appoint you as their advisor on that
transaction
▪ In investment banking, a transaction involves a company either undertaking some
form of M&A or financing
▪ Marketing does not earn the bank any revenue
▪ Marketing often involves creating a pitch deck (i.e. slide deck) to present the
opportunity to the client
▪ This may or may not involve creating a model, depending on the nature of the
transaction and the capacity of the team
▪ Banks also commonly use marketing as a way to stay in touch with key clients, as well
as to gain market intel from them
▪ Investment bankers earn fees for advising on transactions
▪ Sell-side mandates involve advising the seller (preferred mandate by banks given
there is only one seller), while buy-side mandates involve advising a bidder
▪ Key workstreams on a sell-side mandate:
– Teaser, confidential information memorandum (CIM or IM), modelling, bidder
profiles, due diligence (financial, legal, commercial, tax), financing
▪ Key workstreams on a buy-side mandate:
– Due diligence and financing
Position
Key responsibilities
Intern
Creating slides (predominately for marketing materials), trading comps, precedent transactions, research tasks
Analyst
Creating slides (marketing and transaction), trading comps, precedent transactions, financial modelling
Associate
Creating slides (marketing and transaction), financial modelling, involvement with clients increases significantly
Vice President (VP)
Reviewing slides and providing markups (marketing and transaction), financial modelling, client involvement further increases
Executive Director (ED)
Reviewing slides and providing markups (marketing and transaction), start to become responsible for originating deals and adv ising clients on transactions
Managing Director (MD)
Originating transactions via marketing, advising clients on transactions, main point of contact for clients
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
12
Key players in Australia
Australia’s investment banking market is split into BBs, elite boutiques, middle markets and boutiques, differentiated by the firm’s capabilities (BBs tend to have
other divisions such as equity research, sales and trading, and asset management) and the transaction sizes they target
Bulge Brackets (BB)
Elite Boutiques & Middle Markets
Boutiques
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
13
Key players in Australia (cont’d)
Investment banking league tables are used to “rank” banks over the course of a given year in terms of their involvement in M&A transactions or equity offerings,
usually ranked in terms of deal value or deal volume
ANZ M&A Volume by Adviser (2025)
Rank
Advisor
ANZ ECM Volume by Adviser (2025)
Value (U$bn)
Rank
Advisor
Value (U$bn)
1
$29.3bn
1
$2.7bn
2
$18.4bn
2
$2.7bn
3
$18.0n
3
$2.3bn
4
$17.4n
4
$2.0bn
5
$14.5n
5
$1.7bn
6
$8.9n
6
$1.4bn
7
$8.8n
7
$1.1bn
8
$7.3n
8
$1.0bn
9
$7.3n
9
$0.9n
10
$7.2n
10
$0.7bn
Source: Dealogic. Note: Rankings are based on the aggregate deal value for announced deals.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
14
IBDP 2026
3. How do you break into investment banking?
Pathways to break into investment banking
The most common pathway to break into IB is through a summer internship in your penultimate year of study, other pathways have much more limited spots and
hence tend to be more difficult (with the exception of lateral hires)
Pathway
Cadetship / parttime program
UNSW finance
co-op program
Internship
Graduate
program
Description
Relevant banks
▪ Part-time internship for 6 months – 3 years
▪ Often start in equity research or sales and trading,
and then move into IB in your penultimate year
▪ Students work full-time in their 2nd and 3rd year of
university at multiple investment banks
▪ Opportunities available for non co-op students,
advertised by UNSW when available
▪ The most common pathway to getting into IB is
through a summer or winter internship
▪ Banks often only take grads who have already
interned at another investment bank
▪ Will look at candidates who have worked in private
equity
▪ Transferring into IB after 1-3 years of analyst /
graduate experience
Lateral
Difficulty
▪ Common laterals include from a big 4 M&A or
valuations team, boutique corporate advisory firm, or
an investments / private equity firm
High (difficult to get into cadetship)
High (difficult to get into co-op program)
Medium (the most available spots, yet the
highest demand)
Refer to page 11
High (limited spots and high demand)
Low (many bankers leave after 2-3 years,
creating opportunities for laterals with less
competition)
Highly dependent on the year (banks hire laterals based on
business needs and staffing considerations)
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
16
Overview of the recruitment process
The IB recruitment process involves a variety of steps that students should be prepared for prior to submitting their application
Step
Description
Resume
▪ Submit your resume (should be 1 page)
Cover letter
▪ Submit a cover letter explaining why you are interested in IB,
why this particular bank and what makes you a strong
candidate
Psychometric testing
▪ Numerical, logical, abstract reasoning and reading
comprehension tests (online)
Phone call
▪ Call from either HR or a junior banker – will ask standard
behavioural questions and potentially some technicals
1st round interview
▪ Behavioural and technical interviews with analysts,
associates and VPs
Case studies
▪ Banks often incorporate case studies into their recruitment process:
– UBS IB challenge: Group case study with roughly 1 week to complete
– UBS summer interviews: Individual in-person case study (no slides or model)
– GS CADP: In-person case study with a partner (no slides or model)
– BJ FPP: Combination of a group case study and individual case study
– MacCap summer interviews: Individual in-person case study (no slides or
model)
– BofA insights program: Group in-person case study (no slides or model)
Early programs vs. interbank agreement interviews
▪ The IB internship recruitment process can be split into two key categories:
– Early programs (including winter internships)
– Interbank agreement interviews / summer round interviews
2nd round interview
▪ Behavioural and technical interviews with VPs, directors and
MDs
▪ The interbank agreement is an agreement made between bulge bracket banks that
states they can only interview IB summer internship candidates from the 1st of August
onwards
Networking / drinks
▪ A networking session with bankers (including juniors and
seniors)
▪ Banks have started to create early programs and winter internships in order to
secure the best talent before their competitors, and they are increasingly bringing
these early programs forward
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
17
Early program timelines (2026)
January
Morgan
Stanley
(MS)
February
March
Marketing launch
App. close
20-Feb
6-Apr
Marketing launch
(Early-to-mid Feb)
Investment Banking Challenge 1
App. close
Program
(4-Mar) (10-Mar to 11-Mar)
Women’s Insight Program
Macquarie
(MacCap)
Barrenjoey
(B*)
JP Morgan
(JPM)
Bank of
America
(BofA)
May
Women in Banking
Scholarship1
UBS
Goldman
Sachs (GS)
April
Marketing launch
Corporate Advisory
Development Program (CADP)
8-Jan
App. close IBD Challenge
(8-May) (13-May to 23-May)
Program
Info session App. close
5-Feb
Marketing launch
(14-Apr)
15-Feb
11-Mar to 12-Mar
Marketing launch
(Mid-to-late May)
Winter Development Program
App. Open
(4-Feb)
MacCap Boardroom Pitch1
App. Close
(10-Mar)
Marketing launch
App. close
Early Mar
20-Mar
Corporate Finance Winter
Development Program1
Empowering Leaders
Development Program
Investment Banking Insights
and Women in Banking &
Markets Development
Program1
Marketing launch
App. close
24-Jan
27-Feb
Marketing launch
App. close
1-Mar
1-Apr
WB&M Program IB Insights
1-May
14-May
Note: 1 Program and ev ent dates based on 2025 dates.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
18
Early program timelines (2026)
January
Jefferies
Grant
Samuel
Jarden
Greenhill
Lazard
Citi
ICA
Partners
February
March
April
Marketing launch
App. close
30-Jan
9-Mar
May
Winter Internship
Internship marketing launch
Breakfast
App. close
Early Mar
26-Mar
31-Mar
Women in Banking Breakfast
and Winter Internship
Marketing launch
App. close
3-Mar
24-Mar
Winter Internship and Women
in Banking Scholarship2
Marketing launch
App. close
4-Feb
16-Mar
Winter Internship
Marketing launch
App. close
14-Feb
6-Mar
Women in Banking Program
Women in Corporate Advisory
Scholarship Program2
Marketing launch
App. close
Early-to-mid Feb
17-Apr
Marketing launch
App. close
Early Apr
9-May
Winter Internship and Women
in Banking Scholarship1
1
Note: Program and ev ent dates based on 2025 dates.
Note: 2 Program and ev ent dates based on 2024 dates.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
19
IBDP 2026
4. How do you best prepare for recruitment?
Getting past screening
IB applicants are expected to have (at a minimum) a distinction WAM, 1-3 years of relevant work experience and a few leadership / extra-curricular activities on
their resume in order to past 1st round screening
Category
Minimum requirement
▪ Minimum WAM: Distinction
– Finance WAM: 80+
Academic (WAM and ATAR)
Professional experience
Leadership / extracurricular activities
– Commerce / law or ACTL WAM: 70+ (treated as an exception)
Ideal candidate
▪ WAM: High distinction
– Finance WAM: 85+
– Commerce / law or ACTL WAM: 75+ (treated as an exception)
▪ ATAR is not required on your resume (however some firms will ask
for it), however if you believe it will strengthen your resume then
include it
▪ ATAR: 98+
▪ Minimum duration: 1 year
▪ Duration: 2+ years
▪ Types of experience:
▪ Types of experience:
– Investment banking / corporate advisory
– Investment banking / corporate advisory
– Investment management / private equity
– Private equity
– Big 41
– Big 41 M&A or valuations
▪ Societies: Subcommittee of a finance or business society 2
▪ Societies: Director, VP or President of a finance or business society 2
▪ Case competitions: Finalist
▪ Case competitions: Ideally 1st place, but top 3 is still very good
▪ Competitive sport: Any representative level
▪ Competitive sport: Any representative level
Note: 1 Big 4 c ompanies include PwC, Deloitte, KPMG and EY. 2 Ideal U NSW financ e and business societies include UNIT, REISA, FMAA, UNSW Business Society (BSoc) and UNSW Finance and Bankin g Society (FINSOC).
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
21
Pre-penultimate career opportunities
The best pre-penultimate career opportunities for IB include boutique corporate advisory internships, private equity internships and M&A / valuation internships
at the Big 4 accounting firms
Top internships
▪ Boutique corporate advisory firms hire
interns via cold emails
Corporate
advisory
▪ Investment banks like applicants with 12yrs of experience at boutique corporate
advisory firms (this is a typical pathway to
IB)
▪ Mix of cold emails and formal
application process (depends on the firm)
Investment
management /
private equity
▪ Investment banks like applicants who have
experience at private equity firms, as a lot
of the skills are transferrable to IB
M&A /
valuations
Accounting /
corporate finance
M&A / valuations
M&A / valuations
M&A / valuations
▪ Majority of the accounting / corporate
finance firms have formal application
processes
▪ It is fairly common for pre-penultimate
students to apply for Big 4 internships
designed for penultimate students, but this
is not recommended when applying for
investment banking / private equity roles
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
22
Resume
1
1
Contact details
▪ Mobile Number: +61 xxx xxx xxx format preferred, HR offices can be based in HK / SG
▪ LinkedIn: Set up a succinct custom profile URL before including, remove hyperlinks
▪ Email: @outlook or @gmail only, ensure email resembles your name, and remove hyperlinks
2
2
Education
▪ University: Degree, overall WAM, finance WAM (if double degree), scholarships, course
rankings, finance / consulting competition results (only include if you won / placed in top 3)
▪ High School: ATAR (not mandatory but some banks ask), any other notable achievements
that are recognised beyond school borders (e.g. state rank, school captain, dux etc.)
3
Work experience
▪ Company name, position, dates of employment, location (only if overseas / interstate)
3
▪ 3-4 dot points per experience, use action verbs at the start of each dot point (do not use the
same one more than twice), describe your role, your impact and quantify accordingly
▪ Public deal experience looked upon favourably but you need to know them inside out,
ensure all information included is publicly available and if not, generalise / anonymise
▪ Ideally, only include experiences and bullet points relevant to investment banking
4
Extra-curricular activities
▪ Focus on leadership roles (ideally VP+) within university finance societies / impact funds,
community organisations, not-for-profits, competitive sport etc.
▪ 2-3 dot points per experience, similar format to the ‘Work Experience’ section
4
5
Additional information
▪ Languages: Only include this line if you are fluent in 2+ languages, state your fluency level
▪ Skills: Finance software such as FactSet, Bloomberg, CapIQ, IRESS, Refinitiv preferred
5
▪ Interests: Great way to connect with your interviewer (but do not lie or include GoT)
DO NOT use 2+ pages or columns, include a photo, use colours, use hyperlinks, include file properties or submit as a .docx
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
23
Cover letter
1
1
2
Contact details
Include the name of the firm you are applying to, its office address and its broader location.
Include your name, mobile number, email and the date of application
2
Introduction
Very brief introduction, include the role you are applying for, your degree, your university and a
brief summary of why you have decided to apply for the role
3
3
Why you?
Expand on your journey, highlighting what makes you a strong candidate for the role and for
investment banking more broadly
4
Why [x] bank?
Explain why you are specifically interested in [x] bank compared to other firms, considering the
bank’s reputation, culture, deals, industry focus and other unique aspects. Be genuine, be
enthusiastic and tie your interests to what the bank offers
4
5
Why are you and [x] bank a good fit?
Connect your skills and values with the bank’s culture and expectations. Show how your
background, work ethic and career goals align with the bank’s approach to investment banking
and prove how you can contribute to the bank’s success
5
6
Conclusion
6
Brief conclusion, thank the reader for spending the time to review your application
DO NOT use 2+ pages or columns, include a photo, use colours, use hyperlinks, include file properties or submit as a .docx
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
24
Other tips for pre-penultimate students
Learn and truly understand your fundamental accounting and corporate finance concepts from uni courses
Improve your PowerPoint and Excel skills (especially your formatting skills)
At the beginning, take any job you can get and build your way upwards from there
Try as many different jobs as possible so you are comfortable with your decision once you graduate
Do case competitions and join a finance society!
Learn from the best and don’t be afraid to ask people for help
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
25
REISA and UNIT UNSW recruitment cycles
Highly recommended for pre-penultimate students looking to break into investment banking or private equity
Real Estate Investment Student Association (REISA)
University Network for Investing and Trading (UNIT)
▪ Applications Close: Sunday, 8 March (11:59 PM)
▪ Applications Close: Friday, 6 March (5:00 PM)
▪ Interview Dates: Saturday, 14 March – Sunday, 15 March
▪ Interview Dates: Monday, 9 March – Friday, 13 March
▪ Application Link: Link
▪ Application Link: Link
▪ Recruiting for the following positions:
▪ Recruiting for the following positions:
⎯
Subcommittee Members
⎯
6x Subcommittee Members for Human Resources, Competitions, Events,
Information Technology, Marketing, and Publications respectively
▪ Recommended that interested students also attend the UNIT Director Meet and Greet
on Tuesday, 3 March (12:00 – 3:30 PM) at MCIC UNSW (Alumni Lawn)
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
26
Disclaimer
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for
Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended audience
without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally
applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual experiences
may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the
author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor UNIT UNSW or
REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The
information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references to financial
concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW
bear no liability for any errors, omissions, or consequences arising from the use of this information.
The information contained in this document is intended solely for the benefit of students participating in the investment banking preparation workshops hosted by the University Network for Investing and Trading (UNIT) UNSW and the Real Estate Investment Student Association (REISA) UNSW. Distribution, reproduction, or sharing of this material outside of the intended
audience without explicit permission is strictly prohibited. While this document incorporates publicly available information, it also includes personal insights and experiences that may not be universally applicable. The content is provided for informational purposes only and should not be relied upon as absolute fact or a guaranteed representation of industry standards. Individual
experiences may vary, and readers are encouraged to conduct their own research and seek professional advice where necessary. The views and opinions expressed within this document are those of the author(s) and do not necessarily reflect the official positions, beliefs, or endorsements of UNIT UNSW, REISA UNSW, or any affiliated organizations. Neither the author(s) nor
UNIT UNSW or REISA UNSW assume responsibility for any decisions made based on the information provided herein. Nothing in this document constitutes financial, legal, or professional advice. The information provided does not take into account any individual’s specific circumstances and should not be relied upon as a substitute for professional consultation. Any references
to financial concepts, market practices, or career pathways are for educational purposes only. By accessing this material, you acknowledge and agree that the author(s), UNIT UNSW, and REISA UNSW bear no liability for any errors, omissions, or consequences arising from the use of this information.
27