In the competitive world of investment banking, your CV is your first impression and often your only chance to make it through the initial screening process. With most large financial institutions using Applicant Tracking Systems (ATS) to sift through the myriad of applications they receive, it’s crucial to ensure your CV not only stands out to human eyes but also passes the ATS scan. Here, we provide comprehensive tips and tricks to optimise your CV for ATS, ensuring you get noticed and make it to the interview stage.
Understanding ATS: The Gatekeeper to Your Dream Job
Applicant Tracking Systems are software applications used by recruiters and employers to manage recruitment processes. They screen and rank applications based on keyword relevance, formatting, and overall structure. Understanding how ATS works can help you tailor your CV to meet its criteria, increasing your chances of advancing to the next round.
Key Functions of ATS:
– Keyword Matching: Identifies specific terms and phrases related to the job description.
– Formatting Analysis: Ensures the CV format is readable and compatible with the software.
– Ranking Applications: Scores and ranks applications based on relevance and suitability.
Crafting an ATS-Friendly CV
1. Use Standard Formatting
Avoid complex layouts with tables, graphics, or columns, as these can confuse ATS software. Stick to a clean, simple format:
- Font: Use standard fonts like Arial, Times New Roman, or Calibri.
- Font Size: Keep font sizes between 10 and 12 points.
- Section Headings: Use clear headings like “Education,” “Experience,” and “Skills.”
- Bullet Points: Utilise bullet points for listing roles and achievements to enhance readability.
2. Include Relevant Keywords
Carefully review the job description and incorporate relevant keywords throughout your CV. These keywords should reflect the skills, qualifications, and experience the employer is seeking.
Example:
Job Description: “Looking for a candidate with experience in financial modelling, investment analysis, and proficiency in Excel.”
Keywords to Include: Financial modelling, investment analysis, Excel proficiency.
3. Optimise for Roles and Responsibilities
When detailing your work experience, focus on specific roles and responsibilities that match the job description. Use action verbs and quantify achievements wherever possible.
Example:
Action Verbs: Managed, led, developed, analysed, coordinated.
Quantify Achievements: “Increased portfolio value by 15% over 12 months,” “Managed a team of 5 analysts.”
4. Avoid Images and Graphics
ATS systems often struggle with non-text elements like images and graphics. Avoid including photos, logos, or other visual elements that may not be parsed correctly.
5. Save in the Right Format
Save your CV as a .docx or .pdf file, as these formats are generally ATS-friendly. Ensure your document is saved correctly and retains its formatting when opened.
Sections to Include in Your CV
1. Contact Information
Ensure your contact information is at the top of your CV and includes your name, phone number, email address, and LinkedIn profile. Double-check for accuracy, as this is how potential employers will reach you.
2. Professional Summary
A professional summary provides a brief overview of your qualifications and career goals. Tailor this section to each job application, highlighting your most relevant skills and experiences.
Example:
Analytical and results-driven investment banking professional with over five years of experience in financial modelling, investment analysis, and client relations. Proven track record of enhancing portfolio performance and driving business growth. Seeking to leverage expertise in a dynamic financial institution.
3. Education
List your educational background, including degrees earned, institutions attended, and graduation dates. Highlight relevant coursework, honours, and certifications.
Example:
- Bachelor of Science in Finance
- University of XYZ, Graduated: May 2019
- Relevant Coursework: Financial Analysis, Investment Strategies, Corporate Finance
- Honors: Magna Cum Laude
4. Professional Experience
Detail your work experience in reverse chronological order. For each position, include the job title, company name, location, and dates of employment. Describe your roles and responsibilities, focusing on achievements and quantifiable results.
Example:
Investment Analyst
ABC Financial Group, New York, NY
June 2019 – Present
Responsibilities:
- Conducted financial modelling and investment analysis for client portfolios.
- Identified investment opportunities, leading to a 20% increase in client returns.
- Prepared detailed financial reports and presentations for senior management.
5. Skills
Create a dedicated skills section to highlight key competencies relevant to the job. Include both hard and soft skills, ensuring they align with the job description.
Example:
- Technical Skills: Financial Modeling, Microsoft Excel, Bloomberg Terminal, SQL
- Soft Skills: Analytical Thinking, Communication, Team Leadership, Problem-Solving
6. Certifications and Licences
Include any professional certifications and licences that are relevant to investment banking. Examples include the Chartered Financial Analyst (CFA) designation or Series 7 licence.
Example:
- Certified Financial Analyst (CFA)
- CFA Institute, Completed Level 2
- Series 7 Licence
- Financial Industry Regulatory Authority (FINRA)
7. Additional Information
If applicable, include sections for languages spoken, professional affiliations, publications, and volunteer experience. Ensure these sections add value to your application and align with the job requirements.
Example:
Languages: Fluent in English and Spanish
Professional Affiliations: Member of the Association for Financial Professionals (AFP)
Publications: “Investment Strategies in Emerging Markets,” Journal of Financial Analysis, 2022
Volunteer Experience: Financial Literacy Volunteer, XYZ Non-Profit Organisation
Final Checks and Submission
1. Proofread Your CV
Before submitting your CV, proofread it thoroughly to catch any typos, grammatical errors, or formatting issues. Consider asking a friend or professional to review it as well.
2. Customise for Each Application
Tailor your CV for each job application, emphasising the skills and experiences most relevant to the specific role. Customization demonstrates your attention to detail and genuine interest in the position.
3. Test for ATS Compatibility
Use online tools or services to test your CV’s compatibility with ATS. These tools can help identify any issues and provide suggestions for improvement.
4. Submit Through Appropriate Channels
Follow the employer’s instructions for submitting your application. Ensure all required documents are included and properly formatted.
Conclusion
Optimising your CV for ATS is a crucial step in securing a position in investment banking. By understanding how ATS works and tailoring your CV to meet its criteria, you can increase your chances of getting noticed by recruiters and advancing to the interview stage. Use the tips and tricks provided here to create a compelling, ATS-friendly CV that showcases your qualifications and sets you on the path to a successful career in investment banking.
