Many employers may ask you got a cover letter to accompany your CV, the purpose is for them to have a better understanding of you as well as allow you to give a personal introduction and sell yourself for the opportunity. This will be a quick guide to help you create a better Banking and Finance cover letter for your desired role. You will also be able to find a finance cover letter example at the end of this guide.
An essential part of any job application, a cover letter needs to be attention-grabbing and concise. Take a look at our examples for inspiration and discover how to write a winning cover letter.
BANKING & FINANCE COVER LETTER GUIDE
- Your cover letter should only be one page
- If you have a contact in the recruitment team then address the cover letter to them. If you don’t have this information then research and see if you can find out who may be in charge of the applications. If you’re unable to find the above then address it to the Head of Recruitment.
- If you have any relevant mitigating circumstances you can address them here
- If there are any gaps in your CV, then you can also explain those here
- Ensure there are no spelling, punctuation or grammar mistakes. A good practice is to read it out loud as you tend to hear the mistakes easier.
COVER LETTER SECTIONS
Your cover letter should ideally answer 3 questions, we have included them below and also how to answer them.
1) Why THIS company
- Do your research on the company –
- A lot of recruiters say they look for creativity and effort when writing about the company they are hiring for
- The areas of banking & finance that you are interested in, and how the work experience opportunity will allow you to gain exposure to those areas), developing your knowledge and skills as a result. Remember to make sure that you only mention areas the firm definitely works in!
Here are some factors you should consider before answering the before
- What are their key values
- Why are their values important to them?
- How can you demonstrate that you have these values also?
- Why this company over other companies?
- With this you should ensure to highlight the positives of the company that you are applying for and focus on why this is important to you as an individual and to your future careers.
- What contacts do you have at the company?
- What is their strategy and your opinion on it? What do you think the future of the company could look like
- What recognition have they received and how does it make you feel?
When writing this section, you should aim to demonstrate your knowledge of what the work experience opportunity involves, and based upon that, how it will help you in working towards your long-term career goal(s).
2) Why this opportunity in particular?
You need to make this answer personal to you – what is it about the particular firm which has attracted you, and why this is important to you? Where possible, you should also refer to any relevant experience that you have had involving the firm that has motivated you to apply, and why this is – this could include talks, presentations, careers fairs and open days, among other things.
- What do you expect to learn from this opportunity?
- How is it structured, will there be an opportunity to work across different divisions? What will that allow you to do?
- Why a particular division over another eg. sales and trading over operations or M&A
- If you are able to, you should link your skills to your motivation to work in this role
3) What are you able to bring to the role
- What are your key skills and how do they relate directly to this role?
- A list of skills they are looking for can be found in the job description
- Be specific and provide evidence for the skills you have
- Focus on the results that you have achieved
- As with your CV, focus on evidence and tangible achievements – P.S get a free CV check today
A simple error that is quite common, is when signing off using the correct wording if you have addressed your letter to a named contact, you sign-off with “Yours sincerely” and if it is an unnamed contact (e.g. Sir/Madam), you sign-off with “Yours faithfully”.
COVER LETTER EXAMPLE
Dear James Henry,
What year you are in
What and where you are studying
The opportunity you are applying for and how you found it
P2: Why have you chosen to apply to the firm.
Show the research you have done, any awards they have won, deals brokered or their unique values and traits
P3: Why are you applying to a role in the division.
This is where you convince them that you know who and what they are looking for and make sure to show them that you fit the job description
P4: Sell yourself!
Talk about how your experience and skills fit into the role and the firm
Why should they choose you over the next applicant
P5: Closing statement.
How does this opportunity fit into your future decisions
Be sure to be courteous and thank them for taking their time to read.
‘Thank you for taking time to look at my application and consider me for this role, I look forward to hearing from you.’)
Yours faithfully, Candidate