Essay about Why Investment Banking

Decent Essays
Please explain your motivation for applying to J.P. Morgan and more specifically for an Internship in Investment Banking. (200 words)*

Investment Banking is now at a crucial junction, where Investment and Commercial Banking are splitting up due to the ring fence which is being built around these two banking areas. As well, the new upcoming regulation, Basel III, will have a huge impact in the investment banks, with higher liquidity and capital requirements, in order to increase solvency and stability in financial industries.
Secondly, I am keen to apply to the Spring Insight Programme for as I am thoroughly intrigued by the financial markets and International Banking, I intend to better understand how a leading investment bank works,
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All this provides me with a full-kit of fundamental abilities for the program that I am applying to.

Please summarise a recent event or development relating to local, regional or global activity that impacts our Investment Banking business. (150 words) *

Since the onset of the financial crisis 2008, the sovereign debt crisis in western economies and the new financial regulation with Basel III coming up, the financial industry faces the challenge of reinventing itself. The ring-fence for Commercial and Investment Banking, and new economic and regulatory capital requirements will determine the kinds of products banks will be able to distribute. It will have a huge impact in the Investment Banking business, which will suffer tough regulation and supervisory procedures. At the same time, credit risk models will be reviewed because they have failed to predict the crisis of 2008. The current financial and economic crisis doesn’t have any precedent in the past.

Please describe a recent task or project where you have shown personal accountability and used initiative to exceed expectations. (150 words) *
Last summer I helped to organise a work camp for a youth club in Spain, which required strict advance planning. Due to a restricted budget, flight tickets needed to be booked early in order to cut costs. A lack of commitment by many people did not make the booking process easy, but I managed to persuade a significant number to purchase tickets in
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