Revealing Your Ignorance: Even worse than just plain ignorance, the below quote was from an attached research report that this guy wrote.
This content was originally created by member econ and has evolved with the help of our investment banking mentors.
Investment Banking Cover Letter " data-medium-file="https://i2com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter.png? fit=300,251&ssl=1" data-large-file="https://i2com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter.png? fit=648,543&ssl=1" class="alignright wp-image-956 " src="https://i1com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter-300x251.png? resize=279,234" alt="Investment Banking Cover Letter" srcset="https://i2com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter.png? resize=300,251&ssl=1 300w, https://i2com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter.png? resize=768,644&ssl=1 768w, https://i2com/investlikethestreet.com/wp-content/uploads/2017/09/Investment-Banking-Cover-Letter.png? w=940&ssl=1 940w" sizes="(max-width: 279px) 100vw, 279px" data-recalc-dims="1" /It’s hard finding the perfect investment banking cover letter template. If you follow the steps below, I’ll show you how to write a cover letter that actually gets results based on where you are in your career.
I am writing to inquire about a possible in your office.
I am aware it is highly unusual for undergraduates from average universities like (BLOCKED) to intern at (BLOCKED), but nevertheless, I was hoping you might make an exception.
The cover letter holds almost no weight, other than to put you at risk for being dinged.
Make it very simple, very bland, and just say all the usual things.("ticker") and believe that [the company], at the current price of .00, trades at a 123% discount to my estimated fair market value of .30" (Both made up numbers to scale to the actual numbers listed in the 'report').123% discount? Don't you think about the stuff you write before you blast it out to hundreds of potential employers? He's clearly never done anything but 'book learn' on these subjects. He uses four valuation methodologies on the stock with the sole intention of showing that he knows more than one valuation method.Anyone that reads it will certainly never hire you. If you're thinking of including a research report on a company when you're cold emailing people, it's a high risk strategy.I met you the summer before last at Smith & Wollensky's in New York when I was touring the east coast with my uncle, (BLOCKED).I just wanted to thank you for taking the time to talk with me that night.I am currently awaiting admission results for (BLOCKED) Masters of Science in Accountancy program, which I would begin this fall if admitted.I am also planning on attending law school after my master's program, which we spoke about in New York. Patrick Curtis is a member of WSO Editorial Board which helps ensure the accuracy of content across top articles on Wall Street Oasis.I apologize for the blunt nature of my letter, but I hope you seriously consider taking me under your wing this summer. Feel free to call me at (BLOCKED) or email at (BLOCKED). He has experience in investment banking at Rothschild and private equity at Tailwind Capital along with an MBA from the Wharton School of Business.He is also the founder and current CEO of Wall Street Oasis.Your goal for your cover letter isn't to single-handedly land you an interview with your eloquence and grandiose; it's to check the box and make sure it's proper enough that it doesn't get you dinged. Any more than that, and you're giving them potential reasons to ding you. The best thing you can do is name drop people you have talked to.Our users shared great input on why 'less is more'. Mention who you've talked to at the firm, your interest in the job, your qualifications, and briefly (very briefly) explain any gaps in your resume. That way I know you have done your homework, and I can ask the person you talked to how your chat was.