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World Bank Resume and Cover Letter Samples

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Treasury Summer Internship Cover Letter Template

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The cover letter that will get you a job in a bank

Do you really need to write a cover letter when you're applying for a job in an investment bank? These days, it's surely all about the skills in your CV - who's got the time to read that extra blurb saying how perfect you are for the role?

Recruiters working with experienced hires certaintly don't have the time. Most of the banking recruiters we speak to treat the cover letters (or 'cover emails') they receive from experienced candidates as an irrelevance. "For experienced roles, we rarely look at cover letters," says the CEO of one London-based financial services recruitment firm. I just go for the CV," agrees another. "I look at the CV and then I phone them. - If the CV is relevant, I'll get everything that would have been in the cover letter from that call." 

This doesn't mean you should just attach a CV/resume with no introductory email. It does mean that the introductory email might not be read - but you still need to make sure you don't make common mistakes like referencing the wrong bank, or forgetting to attach your CV altogether.

However, there some situations in which cover letters can make all the difference.  

These include:

• When you're applying for graduate jobs in banking.
• When you're applying to banks directly (without going through external recruiters),
• And... when you happen to be using a recruiter who simply likes cover letters (hard to tell!).

"For graduate hires, cover letters are very important," says one headhunter. Just how important is reflected by the fact that some banks specify them as a must-have in the ir graduate recruitment process .   Banks like Goldman Sachs, Citigroup, Barclays, Morgan Stanley and Macquarie typically all demand that their would-be analysts in Europe write cover letters or something very similar, says Victoria McLean, a former Goldman Sachs recruiter and founder of banking CV specialists, City CV.   "Some banks still ask for specific questions to be answered around motivation, strengths and key behaviours/competencies (these are of varying word counts depending on the bank)," she says.

Goldman Sachs historically demanded that recruits write a 300 word personal statement as a cover letter. A former recruiter at the firm told us it was  very important. "Some students were excellent until they got to the cover letter," - those 300 words let them down.

What makes a good banking cover letter? Mai Le, a former Goldman Sachs investment banking associate who ran  CoverLetterLibrary , a community which houses a collection of cover letters that have enabled juniors to get jobs at banks in the past. Le says the best cover letters have two things in common: narrative structure (they emphasize your story and show the choices that brought you here) and facts and figures that underscore your background and achievements. By comparison, Le says the worst banking cover letters suffer from key-word stuffing, irrelevant information and spelling and grammatical mistakes.

It can help to follow a general template... 

You need to tailor your cover letters for each job you apply to. But this doesn't mean that you can't write a cover letter that follows a template. It does mean that each time you apply for a new job, you will need to fill in the template all over again.

McLean suggests your template follows the following format: Introduction. Why me? Why you? Why this job? In total, the text within the template should be no more than 750 words, or one A4 page, long. Le says some candidates also use a format that's ordered as, Why this job? Why this bank? Why me?  "It's a matter of personal preference," she says. Ultimately, you want all these elements in the cover letter and should go with which ever you feel comfortable with.

Either way, here's what to include.

The easy introductory paragraph

The first paragraph is all about explaining why you're writing. If you're applying for a graduate job in a bank, keep it short and sweet.

"The first paragraph is just to say who you are and why you're writing the letter," says McLean.

This paragraph might read something like. "I am an X with X year history of X at global banking firms including X as well as X. I have been working for X for the past X years."

If you're writing a Goldman Sachs cover letter that's 300 words or less, you can ditch this style of opening paragraph. - There's just no space for it.

If you're writing to a recruiter, there's less need to be quite so brief with your introduction. Say who you are, and explain why you've approached that recruiter in particular: "If someone says they've been referred to me by someone I know and respect, I will sit up and pay attention," says one U.S. recruiter. "The same applies if they say they've learned that I mentor women and that this is something they're interested in too."

In other words, when you're writing a cover letter to a recruiter, you need to know who you're writing to. Use this introductory paragraph to address them in person. Flattery will get you everywhere.

The selling yourself paragraph. 'Why you?'

The second paragraph is usually harder. This is where you need to start selling yourself, expressing your personality, and explaining why you're such a hot catch. It's here that you can add in some of the narrative explaining how you came to apply for this role, plus some of the substantiating figures that Le says make successful cover letters so effective.  Don't  use bland and empty phrases like, "I am a determined, motivated person." Do look at the key words and skills used to describe the job you're applying for and (without too obviously reiterating the ad) explain how you match them. Focus on the results and on  outcomes you've achieved in similar situations in the past.  You need to be specific and you need to bring yourself to life.

If you're writing a cover letter to accompany a graduate application, McLean says you can use the second paragraph to talk about what you've studied and how it's relevant. If you've studied finance and know how to do a DCF, now's the time to mention that. If you haven't studied finance but have good relationship management skills and you want to work i n M&A (a relationship-focused business), say that here. Provide EVIDENCE for the skills you're claiming to have.- List any awards you've won. Never, ever, make empty statements. "Many successful trading cover letters feature the candidate's trading return profile and their rationales for their success or failure," says Le. " - Cover letters for sales positions highlight the candidate's track record that evident their ability as a natural salesperson."

The motivational paragraph. 'Why this job (in this sector?)'

If you're an experienced hire applying through a recruiter or applying directly to a bank, this is where you explain why you want the job you're applying for. If you're a student applying for a first job, this is why you need to explain why you want this job and why you want to work in this sector. Be specific -  you'll need to know about the job and the sector before you start this section.

As a student, you'll need to link your skills back to your motivation for working in that area of banking above others, says McLean. Why M&A? Why not sales and trading? Why not compliance?  - If you want to work in operations , for example, explain how you have a passion for building systems and improving efficiency, as evidenced by your system for serving customers in your weekend job...

"You should include what you love about the industry to which you are applying," says McLean. "Why is it important to YOU? Why does it matter to YOU? How does it make a difference to YOU? and why is it interesting to YOU? Especially valid for Graduates: Why finance? Why investment banking / asset management?  before addressing the specifics of the division or programme to which you are applying. The key is to make this personal…. This is where most grads go wrong in their cover letters, they sound too generic and impersonal."

The connection paragraph. 'Why this bank ?'

The fourth paragraph is all about explaining why you want to work for that particular bank. Again, you need to be specific. McLean says graduates often copy and paste from banks' own websites. For example, it's not unheard of for them to write, "I want to work for Goldman Sachs because you have 170 locations across 90 cities in over 30 countries."  This will get you nowhere.

"The idea is not to flatter your potential employer but to identify what makes them a good choice for you and you a good fit," says McLean. "Telling Goldman or Citi you want to work for them because they are the best is not going to impress anyone. However, writing that it’s an opportunity to work with some of the best minds on the street and that you want to be held to those same exacting standards is a bit more engaging." But you need to put this in your own words: you need to make it personal and say what the banks strengths mean to YOU.

The other ex-Goldman Sachs recruiter we spoke to said she particularly looked for, "creativity and effort and writing about Goldman Sachs," when running through students' cover letters. People were expected to say exactly why they wanted to work for Goldman rather than, say, J.P. Morgan.

Instead of just reiterating what you've read on banks' websites, therefore, you need to cite some unusual reasons for choosing that bank that will make you stand out. If you're a student, it helps to say that you've met some of the banks' staff and were impressed by them.  Citigroup, for example, suggests that  student cover letters  reference encounters with the bank's staff at recruitment events. - Make a note of the staff you meet and explain what they said or did that impressed you, and what made you think you'd like to work with them.

Mark Hatz, a former M&A associate at Goldman Sachs and Perella Weinberg Partners who now helps people get jobs in banking , says stressing your rapport with people you've met from the firm is particularly important when you're applying for a job in M&A or capital markets: "These are advisory businesses and they want to see that you can build a rapport and work in a team. If you get the job, you'll also be spending a lot of hours in the office with these people, so showing you like them is very important."

It also helps to reference the bank's strategy, to mention any awards the bank won, and to cite any conversations you've had with or comments you've read from other industry professionals and analysts who've given concrete reasons why it's good place to work. Everything in this section needs to be positive. - You need to explain why you want to work for Deutsche Bank specifically without writing anything that denigrates its rivals. The more senior you are, the more you will need to reference solid strategy points at this stage.

"Show a grasp of where they are going, what the plan is and why this appeals to you," says McLean. Show that you know their strategy and that you agree with the way they're addressing challenges. "You should also write about the future of the firm. You should be planning to be there for a few years and hoping to share that future with them," McLean adds. Look at the shareholder letter in the last annual report for information on a bank's strategy.

The call to action

Finally, you need to end the cover letter with a call to action. McLean suggests completing the letter with the following sentence: "I really look forward to hearing from you. I am available for interview and contactable by X.'

Simple. Except all of this has to be written in 750 words - or just 300 if you're a student applying to Goldman Sachs. It's not so easy after all.

Click here to create a profile on eFinancialCareers. Make yourself visible to recruiters hiring for top jobs in technology and finance. 

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More From Forbes

Writing Cover Letters For A Career Change: Tips And Examples

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Embarking on a career change is a pivotal moment, fraught with uncertainty but brimming with potential. And especially in cases where your resume might not directly align with the job at hand, your cover letter becomes the narrative that connects the dots. A well-crafted cover can illuminate your strengths, align your past experiences with your future aspirations, and persuade potential employers to see the value you bring.

The Importance Of A Cover Letter In Career Changes

In career transitions, your cover letter is your storyteller. It explains the why and the how of your career change, showcasing your enthusiasm and demonstrating how your background equips you with unique perspectives and transferable skills. It addresses potential concerns about your career shift head-on, presenting your transition as an asset rather than a liability.

Tips For Writing A Career Change Cover Letter

1. Personalize Your Approach : Address the letter to a specific person whenever possible. Doing so demonstrates attention to detail and a genuine interest in the position. You want to show that you’re not conducting a generic job search, but that you’ve done your research. You’ve perused (not skimmed) the company website and you read that 20-page yearly report from the CEO. You’ve even read their blog and can quote freely from it. You’ve educated yourself.

2. Emphasize Transferable Skills : Highlight the skills and experiences from your previous roles that are relevant to the new position. Be specific and quantify achievements where possible.

3. Show Enthusiasm and Commitment : Employers want to know that you are genuinely interested in the new field. Express your passion for the career change and your eagerness to contribute.

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4. Tailor Your Narrative : Connect your past experiences to the job you're applying for, demonstrating how your unique background can bring a fresh perspective to the role.

5. Address Potential Concerns : Be upfront about your career change, framing it as a positive decision guided by clear motivation and a strong understanding of the new field.

6. End with a Strong Call to Action : Conclude by expressing your desire to discuss your application further in an interview, showing proactivity and determination.

7. Use Strategic Language : Avoid clichéd adjectives. Opt for vivid, specific language that paints a clear picture of your capabilities and achievements.

Example: General Career Change Cover Letter

Dear [Hiring Manager's Name],

I am excited to apply for the [Position] at [Company], transitioning from a career in [Current Industry] to [New Industry]. My experience in [Current Industry] has equipped me with valuable skills that I am eager to apply in [New Industry]. For instance, while working as [Previous Position], I developed a keen ability to [transferable skill], resulting in [specific achievement].

In [Current Industry], I honed my skills in [relevant skill] and demonstrated my ability to [relevant achievement], directly benefiting my team by [specific outcome]. I am particularly drawn to [New Industry] because [reason for interest], and I am enthusiastic about the opportunity to bring my [specific skill] and [another skill] to the [Position] at [Company].

[Your Name]

Tweaks For Various Career Stages

Whether you are making a change early in your career or transitioning later, your cover letter should reflect your rationale and excitement for this new path.

Example: Early Career Cover Letter

As someone at the early stages of my career, I am eager to leverage the foundational skills I gained in [Initial Field], such as [specific skill], in [New Field]. My recent role as [Previous Position] allowed me to develop [relevant skills or experiences], which align closely with the requirements of the [Position] at [Company].

Example: Late Career Cover Letter

Transitioning into [New Field] at this point in my career is a deliberate and enthusiastic choice, driven by my deep-seated interest in [aspect of New Field]. With extensive experience in [Previous Field], I bring a wealth of knowledge and a unique perspective that can contribute to innovative solutions and strategies at [Company].

Tweaks For White And Blue-Collar Roles

Transitioning between white and blue-collar roles offers a unique opportunity to highlight diverse skills and experiences.

Example: White To Blue Collar Cover Letter

I am eager to apply the strategic and managerial skills honed in my white-collar career to the hands-on, dynamic environment of [Blue Collar Field]. My experience in [White Collar Role], where I developed [specific skills], aligns well with the challenges and responsibilities of the [Blue Collar Position] at [Company].

Example: Blue To White Collar Cover Letter

Transitioning from [Blue Collar Field] to [White Collar Field], I bring practical, on-the-ground experience that can inform and enhance the strategic decisions in [White Collar Role]. My background in [Blue Collar Role], where I mastered [specific skills], equips me with a unique perspective beneficial for the [White Collar Position] at [Company].

Including A Career Change Statement On Your Resume/CV

While your cover letter is the ideal place to elaborate on your career change, your resume/CV should also reflect this transition. A brief career change statement, positioned at the beginning of your resume, can effectively set the context for your career narrative. This statement should succinctly convey your transition, emphasizing your commitment to the new field and highlighting any transferable skills or relevant experiences.

How To Craft A Career Change Statement For Your Resume

1. Objective Statement : Begin with a clear, concise objective that outlines your career goals and demonstrates your enthusiasm for your new field.

2. Summary of Qualifications : Follow your objective with a brief summary of your most relevant qualifications, focusing on skills and experiences that transition well into your new career.

3. Highlight Transferable Skills : Clearly identify and emphasize any skills from your previous career that are pertinent to your new path. This not only demonstrates your capability but also shows your proactive approach in aligning your skill set with the new role's requirements.

4. Tailor Your Experience : Adjust the descriptions of your past positions to highlight the responsibilities and achievements most relevant to your desired career path. Use quantifiable achievements to underscore your adaptability and impact.

5. Education and Training : If you have pursued any education or training relevant to your new field, highlight this prominently on your resume to illustrate your dedication and commitment to your career change.

Make Your Language Unique

To avoid sounding like everyone else, remember to use distinctive and precise adjectives in your cover letter and resume. For instance:

• Instead of "experienced," try "seasoned" or "accomplished," providing specific examples that demonstrate this experience, like spearheading a successful project or leading a team to exceed its targets.
• Replace "passionate" with "enthused" or "committed," detailing a project or initiative you pursued with zeal, which can resonate more authentically with hiring managers.
• Substitute "results-driven" with "outcome-focused," illustrating this with a particular scenario where your focus on results led to tangible success for your organization.

Your cover letter and resume are your advocates, narrating your professional journey and articulating why you are not just seeking a new job, but embarking on a new career with purpose and passion. By carefully crafting these documents to reflect your individual story, you position yourself as a memorable and compelling candidate, someone who stands out from the crowd.

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World bank internship - statement of interest.

As you know, submitting a Statement of Interest (SI) is a World Bank Group (WBG) Internship Program requirement. With that in mind, it is fundamental that you take time to prepare a truly effective statement of interest, especially since this is the main document when applying for the World Bank Internship Program.

It should complement the information presented in your CV and you must make sure there are no discrepancies between these two documents.

Nevertheless, there is nothing to be ashamed of if you do not know exactly what this document is. In fact, it is a fairly common doubt! If this is your case, you have possibly turned to Google and typed: What is a statement of interest? What is the difference between a statement of interest, a cover letter and a statement of purpose?

That is why we have prepared an entire chapter in the World Bank Internships eBook dedicated to explain, in detail, what the World Bank expects from this document. With the information presented in this chapter, we expect to help candidates to write an effective statement of interest so as to make their candidature stand out in the World Bank Group Internship Program selection process. This article is only a brief sample of what can be found in our eBook.

Applications will open soon. Start your preparation here:

GET READY FOR THE WB INTERNSHIP NOW!

Statement of interest: the search for a definition

A World Bank Group Internship Program candidate may ask: What are the differences between a statement of interest, a cover letter and a statement of purpose? At first glance, they may seem like different names for the same document. In other words, it may seem that writing a statement of interest is not very different from preparing a cover letter. However, these documents have differences besides their names.

Knowing exactly what the World Bank Internship Program expects from its applicants’  statement of interest is a very important step when applying for its selection process. Because of that, this document is thoroughly explained in our eBook, which also provides you with two samples of strong statements of interest.

We will start this article by giving a short presentation on the most widespread understanding about each of these documents (statement of interest, cover letter and statement of purpose) to then explain the World Bank Group’s understanding of a statement of interest.

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Cover Letter X Statement of Purpose X Statement of Interest

A cover letter is a one-page document submitted together with a Curriculum Vitae (CV) or resume and the other documents required for a posted job opening. As its name suggests, this document serves as a “cover” for all of these documents. This document should be submitted for any job selection, unless the organization explicitly states it is not required . In the case of the World Bank Internship Program, this document is superfluous.

The statement of purpose (also called a letter of intent or research statement) is a document that university selection committees frequently request, especially for graduate programs. In this document, candidates should present their skills, academic interests and experience that justifies their application and makes them a promising student or researcher.

A statement of interest (also called a letter of inquiry or prospecting letter) is a document job seekers send to organizations that do not have open selection processes at that time. The aim of this document is to indicate the applicant’s interest in a certain organization when a job vacancy opens with their profile. In other words, what a candidate is seeking with this document is to introduce themselves to an organization and inquire about a potential job vacancy.

This type of document can be used in varying situations. For example, imagine you have moved to a new city and would like to inquire about possible jobs with your professional profile but there are no vacancies at that time. In this case, you could leave a statement of interest at the companies you are interested in, introducing yourself and making yourself available for any future opportunities. A statement of interest is an excellent way of showing your proactivity and assertiveness.

Unlike a cover letter, this document seeks to present the candidate’s fit with an organization or department and not with a specific vacancy. It is usually accompanied by a CV, but not necessarily.

The following table presents a summary and comparison of the objectives of these three documents.

Despite the differences presented in these three documents, the fact is many human resources departments and selection committees use these names interchangeably. For example, you may find graduate programs requesting a “statement of interest” instead of a “statement of purpose”. This confusion leaves candidates not knowing exactly what to send when one is requested. It seems to us that this is the case of the World Bank Group internships, since it is clear that the s tatement of interest the Bank requests has another objective than the one presented here. Afterall, what is a statement of interest for the World Bank Internship Program? Find the detailed answer to this question in our eBook! There you will also find tips on how to structure your own statement of interest and what to include in it.

A World Bank Internship Program Statement of Interest

Certainly, the World Bank Internship Program, requesting a statement of interest, is not referring to a letter of inquiry, as seen here. Therefore, it could be said that what the Bank expects is a hybrid of the three types of documents presented in this article. This means that the statement of interest the World Bank Internship Program requests is a document in which the candidates must:

• Present their skills, professional experience and academic profile;
• Highlight their fit with international development, the World Bank and the unit selected for the internship;
• Present the contributions they intend to make to the Bank when working as their intern;
• Inform the positive impact the Bank internship will have on their professional career and academic research.

In the statement of interest, the candidate should show their enthusiasm for taking a World Bank Group internship and present the credentials that qualify them as the best choice the recruiter could make.

The World Bank Internship Program team seeks to evaluate the following aspects of the candidate from their statement of interest: technical knowledge , skills, knowledge about the organization , cultural fit and communicative capacity .

To help you prepare this important document, a suggestion for its structure and content is presented in the World Bank Internships eBook.

Tips for writing an effective statement of interest:

Writing a statement of interest for the World Bank Internship Program is no easy task. most candidates tend to submit very similar documents, with no originality. It is important to adopt a series of strategies so as to produce a truly effective and original document. If you want to know how to do that, we highly advise you to purchase our eBook ! Two samples of statements of interest are also provided to serve as inspiration for yours. 

Some of the strategies we teach you in detail are the following:

Brainstorm and define a theme for your statement: Start to prepare your statement of interest by brainstorming, which could be done by answering all the questions listed in our ebook. Based on these answers, think of a “theme” to guide writing this document. This theme refers to the way you wish to project yourself to the WBG. Certainly, your statement of interest will not be able to fully present you but it is important it portrays you in a way that is compatible with the World Bank Internship Program’s interests.

Tell a story: With the “theme” defined, write your statement of interest so that it tells a story, or rather your story. People tend to appreciate reading this more and have a greater connection to the text when they are involved in a story. This is no different with the recruiter in a job selection process. By telling your story in your statement of interest, the recruiter will certainly be involved more easily in your document.

Be yourself: just because you are telling a story, you should not invent facts about yourself. Never lie. Remember that facts presented in a document can be checked during the selection process and the recruiters also have extensive experience and are able to easily recognize facts that are not true. Therefore, if you are not honest, as well as not being selected, your reputation will be tarnished.

Show you have the right organizational fit: When you are writing your statement of interest, customize it for the World Bank Group. Organizations, even those that work with international development, differ from each other, with varying cultures, structures and approaches to development and vocabularies, etc. Therefore, it is important to demonstrate you know the organization well and your profile is the right fit for it. In order to fully explain your fit with the organization, you must study it and investigate its projects and publications. We recommend you read chapters 1, 2, 3 and 4 of the World Bank Internship eBook to help you with this task.

Quantify your story: If possible, present numbers in your statement of interest to make your story more concrete. There is nothing better than numbers to install confidence in the information you present. Quantify the results achieved from your actions in order to help the recruiter gain a better idea of the scale of your impact.

Review your statement of interest: It is fundamental you have an organized text without any grammatical and spelling mistakes that correctly uses words and technical jargon.

Following the tips and suggestions given in the World Bank Internship eBook, a candidate will be able to prepare an effective statement of interest, increasing their chances of entering the World Bank Internship Program. In this eBook, you will also find two samples of statement of interest !

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World Bank Internship Interview: Learn how to ace the interview

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Create your Europass CV

The Europass CV builder makes it easy to create your CV online. You can use it to apply for a job, education or training opportunities as well as volunteering.

The best-known CV format in Europe

The Europass CV is one of the best-known CV formats in Europe. It is easy-to-use and familiar to employers and education institutions.

You will first have to create your Europass profile with information on your education, training, work experience and skills. After you complete your Europass profile, you can create as many CVs as you want with just a few clicks. Just select which information you want to include, pick your favourite design and Europass will do the rest. 

You can create, store and share CVs in 31 languages . You can download your Europass CV, store it in your Europass Library share it with employers, with  EURES  or other job boards.

How to create a good CV

Remember that your CV is your first opportunity to communicate your skills and experiences to a future employer. It is a snapshot of who you are, your skills, your educational background, work experiences and other achievements.

Present your experience clearly

Highlight examples of your skills and experiences matching the job you are applying for. Pay close attention to the details published in the vacancy notice.

Tailor your CV

Make sure you update the ‘About Me’ section to highlight why you are the best person for the job. Do not include a full detailed history. Focus on facts and main points that match the job you have in mind.

Make it readable

Make sure your CV is easy to read. Use clear and simple language.  Use strong verbs (e.g. ‘managed’, ‘developed’, ‘increased’).

Use reverse chronological order

Always list the most recent experience on the top followed by previous ones. In case of long gaps in working or learning, include an explanation.

Polish and fine-tune

Check for spelling and grammar mistakes, provide a professional e-mail address, and add a professional photograph of yourself.

Your Europass profile

Your Europass profile is the place to keep a record of all your skills, qualifications and experiences. If you keep your Europass profile up-to-date then you will always have all the information you need to create tailored CVs and job applications quickly.

Good luck with your applications!

Find support through EU services

Eures the european job mobility portal, working abroad in other eu countries, education and training in other eu countries, you may be interested to read.

Create your Europass Cover Letter

Develop your skills through volunteering

Managing your personal information in Europass

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Reporting by Bernardo Caram; writing by Andre Romani; editing by Gabriel Araujo and David Gregorio

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Reports on the macro beat, covering economic policy in Brasilia. Bernardo studied journalism at the Pontifical Catholic University of Minas Gerais before completing a specialization in Economics at Fundação Getulio Vargas (FGV) and an MBA in Economic-Financial Information and Capital Markets at Fundação Instituto de Administração (FIA) in Sao Paulo. He previously worked in Brasilia for Folha de S.Paulo, Agencia Estado and the Globo’s G1 website.

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Paul Simon to play for Japan's Kishida, Bidens at White House state dinner

Musician Paul Simon will play for Japanese Prime Minister Fumio Kishida, his wife, Yuko, and President Joe Biden and first lady Jill Biden at a state dinner on Wednesday, the White House said.