At the end of this article, you’ll find a download link for a Bay Street consulting and banking resume template. But before we get to the downloadable template, I want to cover the basics of a top Bay Street resume.
What is a Consulting or Banking Resume?
Consulting and banking are two of the most sought after professions on Bay Street.
Consultants give advice to clients to help them solve problems. Typically in the Bay Street context, a “consultant” refers to a management consultant. Some of the big consulting firms in Toronto include McKinsey & Company, Boston Consulting Group, Bain & Company, Oliver Wyman, Accenture and Deloitte.
Bankers provide financial services, typically through a bank. On Bay Street, a “banker” typically refers to an investment banker (or “ibanker”). Banks are heavily represented on Bay Street. The “Big Five“—Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada and Toronto-Dominion Bank—dominate Bay Street. The Canadian offices for the “Bulge Bracket” banks (which include Bank of America, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs and JPMorgan Chase & Co.) are also located in Toronto.
While consulting and banking are two different professions, both have similar expectations when it comes to resumes. Because of these similar expectations, I’ve created one resume template that can be used for job applications in both industries.
How to Write a Consulting or Banking Resume
Keep Your Resume Short
Recruiters at the big consulting firms and banks receive hundreds (and sometimes thousands) of applications for the same job posting. These recruiters don’t spend much time reading your application—in fact, there’s evidence to suggest that recruiters make up their mind about a job applicant after spending just 7.4 seconds reviewing their materials.
Because of how little time recruiters spend reading your job application, you need to keep it brief. Your resume, like the downloadable template below, should be one page long. Any longer and you risk overwhelming the recruiter with too much information. You also stand one from the crowd if you go over one page—and not in a good way.
I recommend that you carefully review each and every word in your resume. Anything that doesn’t directly help show that you are the best candidate for the specific job you are applying for should be cut. This means that older and less relevant work experiences should be cut, as should less significant educational accomplishments and volunteer activities. This also means that if you are applying to multiple jobs, your resumes for each job may look slightly different if the employers have different employee expectations.
Use the Right Headings and Sections
You need to make sure that you include the right headings and sections in your resume. Click here for a comprehensive discussion on the different resume headings and sections.
As always, your resume should include, at a minimum, a section with your name and contact information, your education, and your work experiences. Given that you only have one page to write your consulting or banking resume, you won’t be able to fit many other sections into your resume. This means that you need to be selective with what information you include in your resume.
Write With Impact Statements
Impact statements are a powerful way to tell your story. Learn how to write impact statements here.
Consulting and banking jobs generally require similar skills. When writing your impact statements, the main action verbs you want to focus on are ones that convey your analytical, leadership and organizational skills. I recommend using action verbs including the following:
Follow the Right Formatting
Unless you are advised otherwise by a consulting firm or bank, you should use the following format for your resume:
- Font: Times New Roman
- Font Size: 11 or 12 point
- Margins: 2.54 cm (1 inch), although the top may be slightly less if you have a header
- Colour: None—all black and white
- Graphics & Images: None
While this type of formatting makes your resume somewhat boring, it also means the recruiter won’t be distracted by formatting when reading your resume. And I can’t understate how easy if is for a reader to be distracted by formatting; when your resume is one of one hundred in a stack, you don’t want to be the only resume with super tiny font, or obviously shrunk margins. Uniqueness (in terms of formatting) on a resume can be distracting and take away from your words, which should be the primary means of conveying your core message.
Download the Resume Template
Without any further delay, below is the download link for a Bay Street consulting and banking resume template. The file is saved as a Microsoft Word document.
I wrote the resume template from the perspective of an undergraduate student with limited work experience. You may need to make modifications to the template depending on your circumstances.
Keep in mind that this resume is a template. You will need to change it to make it your own masterpiece. While the tips mentioned in this article will help you make a better resume, there is no “one right way” to make a perfect resume.