Investment Banking Analyst Cover Letter Examples & Writing Guide

Dear Hiring Manager, I am writing to express my strong interest in the Investment Banking Analyst position within the Mergers & Acquisitions group at Goldman Sachs. As a Finance major at NYU Stern with extensive experience in financial modeling and valuation, I am eager to contribute to Goldman's legacy of advising on landmark transactions. Through my internship at J.P. Morgan's Investment Banking division and academic coursework, I have developed: • Expertise in building detailed financial models including DCF, LBO, and comparable company analyses for 15+ M&A transactions totaling $8.2B in deal value • Proficiency in creating comprehensive pitch books and client presentations, supporting senior bankers on 8 live deals • Strong analytical skills demonstrated through equity research coverage of technology sector, achieving 92% accuracy in earnings predictions • Advanced Excel and financial modeling capabilities, completing rigorous training in complex merger models and accretion/dilution analysis • Experience conducting due diligence and market research for potential acquisitions in healthcare and technology sectors • Collaboration with cross-functional teams of 6-10 professionals on time-sensitive deliverables with 100% on-time completion rate • Outstanding academic performance with 3.85 GPA while completing CFA Level I certification Goldman Sachs' reputation for intellectual capital and commitment to delivering exceptional client service aligns perfectly with my professional aspirations. I am particularly drawn to Goldman's leadership in cross-border M&A and complex restructuring transactions. I would welcome the opportunity to discuss how my analytical skills, work ethic, and passion for investment banking can contribute to Goldman Sachs' continued success. Sincerely, Emily Chen

Dear Hiring Manager, I am excited to apply for the Investment Banking Analyst position within Morgan Stanley's Technology, Media & Telecom group. With a background in computer science and finance, combined with investment banking experience at Jefferies, I am well-prepared to contribute to Morgan Stanley's leading technology advisory practice. During my time as a Summer Analyst at Jefferies and through my academic projects, I have: • Built financial models for 12 technology M&A transactions ranging from $500M to $4.5B, including scenario analysis and sensitivity tables • Conducted comprehensive valuation analyses using DCF, trading comps, and transaction comps methodologies for SaaS and semiconductor companies • Prepared detailed pitch materials and management presentations for 6 successful client pitches totaling $2.1B in potential mandates • Performed extensive industry research on cloud computing, cybersecurity, and enterprise software sectors • Supported due diligence efforts on 4 live transactions, creating detailed company profiles and market analyses • Demonstrated strong technical skills by building automated Excel models with VBA that reduced preparation time by 40% • Achieved top 10% ranking among 85 summer analysts based on quality of deliverables and client feedback Morgan Stanley's position as the leading advisor to technology companies globally is truly impressive. I am particularly drawn to the firm's work with high-growth software companies and its expertise in complex cross-border transactions. Thank you for considering my application. I look forward to the opportunity to contribute to Morgan Stanley's Technology group. Best regards, David Park

Dear Hiring Manager, I am writing to apply for the Investment Banking Analyst position in J.P. Morgan's Healthcare group. With a strong foundation in life sciences and finance from my experience at Centerview Partners and academic research in biotechnology, I am passionate about advising healthcare companies through transformative transactions. Throughout my internship and academic career, I have developed: • Financial modeling expertise across 10+ healthcare M&A and capital raising transactions totaling $6.8B, including biotech and medtech deals • Deep understanding of healthcare business models, reimbursement structures, and regulatory frameworks gained through industry research • Experience building detailed merger models, precedent transaction analyses, and DCF valuations for pharmaceutical and medical device companies • Strong analytical capabilities demonstrated through biotech equity research coverage with 88% price target accuracy • Proficiency in creating comprehensive pitch books and investment memoranda for healthcare clients • Collaboration with MDs and VPs on 5 successful deal closings, consistently delivering materials ahead of deadlines • Academic excellence with 3.9 GPA in Finance while completing coursework in biotechnology and healthcare economics J.P. Morgan's position as the #1 healthcare investment banking advisor and commitment to innovation in healthcare finance deeply resonates with my career goals. I am particularly impressed by J.P. Morgan's work with emerging biotech companies and large-scale pharmaceutical M&A. I would be honored to discuss how my unique combination of healthcare knowledge and financial skills can contribute to J.P. Morgan's Healthcare group. Sincerely, Sarah Johnson

Dear Hiring Manager, I am excited to apply for the Investment Banking Analyst position within Bank of America's Financial Institutions Group. With experience in financial services analysis and a strong foundation in banking regulation from my role at Evercore ISI, I am eager to advise financial institutions on strategic transactions. Through my experience and academic achievements, I have: • Developed comprehensive financial models for 8 bank M&A transactions and capital raises totaling $4.2B in deal value • Conducted detailed credit analysis and asset quality reviews for regional banks and specialty finance companies • Built complex merger models incorporating regulatory capital requirements, purchase accounting, and earnback analysis • Performed extensive research on banking industry trends, regulatory changes, and competitive dynamics affecting regional banks • Created detailed pitch presentations for potential bank mergers, analyzing cost savings opportunities and revenue synergies • Supported senior bankers on 3 successful capital raising transactions for fintech and specialty finance clients • Demonstrated exceptional analytical skills with 3.88 GPA in Finance and Economics, completing all three CFA exam levels Bank of America's leadership in financial institutions advisory and deep expertise in bank regulatory matters is truly impressive. I am particularly drawn to the firm's work with regional banks navigating industry consolidation and digital transformation. Thank you for your consideration. I would welcome the opportunity to discuss how I can contribute to Bank of America's FIG practice. Best regards, Michael Rodriguez

Dear Hiring Manager, I am writing to express my interest in the Investment Banking Analyst position within Citigroup's Leveraged Finance group. With experience in credit analysis and LBO modeling from my internship at Barclays, I am passionate about structuring and executing leveraged buyout transactions. During my time at Barclays and through rigorous academic preparation, I have: • Built detailed LBO models for 14 potential transactions across industrials, consumer, and business services sectors totaling $12B in transaction value • Conducted comprehensive credit analysis including cash flow modeling, covenant analysis, and recovery scenarios for leveraged lending opportunities • Developed expertise in debt capital markets, including high-yield bonds, leveraged loans, and mezzanine financing structures • Created detailed lender presentations and credit memos highlighting investment highlights and risk factors • Performed extensive industry and company research to support credit underwriting decisions for $3.5B in potential financings • Collaborated with senior bankers and credit team on 5 successful leveraged loan transactions • Achieved 3.92 GPA in Finance with distinction in fixed income and credit analysis coursework Citigroup's position as a leading arranger of leveraged loans and commitment to excellence in structured finance aligns perfectly with my career aspirations. I am particularly impressed by Citi's innovative approach to financing complex LBOs and growth equity investments. I would be excited to discuss how my credit analysis skills and passion for leveraged finance can contribute to Citigroup's continued leadership in this space. Sincerely, Alex Thompson

Dear Hiring Manager, I am excited to apply for the Investment Banking Analyst position within Lazard's Restructuring group. With experience in distressed debt analysis and a deep interest in corporate turnarounds from my work at Houlihan Lokey, I am passionate about advising companies and creditors through complex financial challenges. Through my experience and specialized coursework, I have developed: • Expertise in analyzing distressed company situations, including liquidity modeling, 13-week cash flow projections, and restructuring alternatives for 8 engagements • Proficiency in bankruptcy valuation methodologies including liquidation analysis, going-concern analysis, and creditor recovery scenarios • Strong understanding of Chapter 11 process, DIP financing, plan of reorganization structures, and creditor rights • Experience building complex financial models for distressed retailers and energy companies evaluating restructuring options • Collaboration with legal teams, financial advisors, and creditor committees on time-sensitive deliverables • Research capabilities demonstrated through detailed industry analysis of sectors facing structural challenges • Academic excellence with 3.87 GPA while completing specialized coursework in bankruptcy law and corporate restructuring Lazard's reputation as the preeminent restructuring advisor and its culture of intellectual rigor strongly resonate with my professional goals. I am particularly drawn to Lazard's expertise in large, complex Chapter 11 cases and cross-border restructurings. Thank you for considering my application. I would welcome the opportunity to discuss how my analytical skills can contribute to Lazard's Restructuring practice. Best regards, Jessica Martinez

Dear Hiring Manager, I am writing to apply for the Investment Banking Analyst position at Evercore. With a strong academic background in finance from Wharton and summer experience at Moelis & Company, I am drawn to Evercore's independent advisory model and commitment to delivering unconflicted advice to clients. During my internship and academic career, I have: • Developed comprehensive financial models and valuation analyses for 11 M&A transactions across consumer, retail, and industrial sectors totaling $7.5B • Created detailed pitch books and client presentations, contributing to 4 successful mandate wins for middle-market companies • Conducted extensive industry research and competitive analysis to support strategic recommendations for C-suite executives • Built proficiency in Excel-based financial modeling including merger consequences analysis, DCF, and comparable company valuations • Demonstrated exceptional attention to detail with zero errors in client-facing materials across 25+ deliverables • Collaborated effectively with teams of 4-8 professionals on time-critical projects, consistently meeting tight deadlines • Maintained 3.91 GPA while serving as VP of Penn Finance Society and completing CFA Level I examination Evercore's reputation for providing objective strategic advice and its focus on senior-level client relationships aligns perfectly with my values and career aspirations. I am particularly impressed by Evercore's track record advising on high-profile strategic transactions. I would be honored to discuss how my analytical capabilities and dedication to excellence can contribute to Evercore's continued success. Sincerely, Christopher Lee