application letter for internship in bank

Step-by-step: how to write an internship cover letter (with templates)

You are looking for a new internship opportunity and you just found the posting of your dreams. You must now undergo the application process, and the recruiter requires a cover letter. This document, although essential, is not always easy to draft. What is the best cover letter format? Are there some guidelines you need to follow? What are the dos and don’ts? In this article, you will find all our tips and internship cover letter examples to master your application!

What is a cover letter and what is its purpose?

Why is a cover letter important for internship applications.

• 1. Interest. It is a way to prove to the hiring manager that you have spent time on your application and that you are really motivated. It is even better if you can talk about the company and their upcoming projects to prove that you follow their activities and understand their needs.
• 2. Attraction. If your profile catches their attention, it can be a chance for you to be chosen over another applicant who has similar qualities.
• 3. Story. It gives you the opportunity to add details that are not on your resume – for example if you have changed sector or taken a break during your studies.
• 4. Support material . Your letter will serve as a basis for your job interview and will help you prepare your speech and anticipate questions.
• 5. Skills .It is a great way to show that you can actually write. Good writing skills are always appreciated.

How should you write a cover letter for an internship?

• First paragraph:
• Second paragraph:
• Closing paragraph:

Best practices for effectively writing a cover letter for an internship

• Spend time on the proofreading and the editing of your letter and pay attention to detail.
• Demonstrate enthusiasm. Without making too much of it, the recruiter needs to understand that this particular position is your number 1 choice.
• Make sure that the CV and the cover letter use the same fonts and colours so that they look consistent. Make them look as sober as possible so that the whole conveys the right message.
• Write a custom cover letter for each application. As a recruiter, you’d want to make sure that the applicant has not just copied and pasted the letter they just sent to one of the company’s competitors. To prove your good faith, you can transcribe exact phrases from the job description.
• Send a cover letter even if they are pretending that they are not expecting one. That is always a plus.
• In addition to applying on the dedicated platform, e-mail your application directly to the hiring manager if possible. This will maximise your chances.
• Send a sloppy cover letter. Only send a cover letter if you are sure that it effectively supports your application in both form and content! You want to put yourself forward, not shoot yourself in the foot for lack of time (or effort) and miss a great internship opportunity.
• Send a long cover letter. Recruiters do not always have time to go through each application, so you need to be concise. One page is the right length.

Example of a cover letter for an internship

You now have all the tips you need to write the perfect cover letter to show your motivation for your dream internship! But remember, a cover letter is important for any other job application. When looking for an apprenticeship , for example, your cover letter is crucial to stand out from other candidates. Learn how to write an effective cover letter for an apprenticeship to help you get the job!

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Cover Letter for a Bank Internship: Free Download Example & Writing Tips

Last updated on November 28, 2022 - © Free-Sample-Letter.com

How to Write the Perfect Cover Letter for an Internship in a Bank?

Your cover letter is your first opportunity to impress a potential employer - so you want to make sure you get it right. Whether you're applying for a summer internship or a student trainee program , your cover letter should always be tailored to the role you're applying for.

In this blog post, we'll give you a step-by-step guide on how to write the perfect cover letter for a banking internship . We'll also provide a template that you can use as a starting point for your own application. Follow our advice and you'll be sure to make a great impression!

The Bank internship is an excellent opportunity to gain experience in the banking and finance world. The trainee will be exposed to various tasks, including customer service, cashiering, loan processing, and more. Employers expect professionalism and a passion for learning all aspects of the banking industry.

A good bank trainee should have great interpersonal skills, excellent organizational abilities, sound knowledge of technology and accounting principles, and the ability to interact with customers in a polite but confident manner. In order to be successful in their role as a trainee, they must remain up-to-date with regulatory laws and policies related to banking activity, display strong numerical literacy skills throughout the internship and demonstrate the ability to think critically when solving problems.

Additionally, trainees must understand how to manage risks associated with loans or investment activities that are conducted within a bank environment. Internships in this field provide invaluable experience but also require dedication from an intern if they’re expected to make a meaningful contribution to the organization. Overall, employers are looking for someone who can learn quickly and apply their knowledge in real-life scenarios at any given moment while working on behalf of their company.

There are several ways to write a cover letter for a traineeship application, but it’s important to take into account some of the elements mentioned above.

➤ Get the Internship You Want With Our Template and Tips for Writing the Perfect CV

How Can You Make Your Banking Internship Application Standout?

A cover letter is often the first thing an employer sees from a potential intern . It's your chance to make a good impression and stand out from the competition. Here's how to write a banking internship cover letter that will get you noticed:

Start with an attention-grabbing opening line

Your cover letter should be short and to the point. The opening line is your chance to make a good impression and grab the employer's attention. Avoid starting with generic phrases like "I am writing to apply for the position of..." Instead, try something like "When I saw that ABC Bank was looking for summer interns, I knew I had to apply".

Highlight your relevant skills and experience

In your second paragraph, describe why you're the perfect candidate for the role. What skills and experience do you have that make you a good fit? Are you passionate about personal finance or marketing? Do you have experience working with customers? Have you taken any relevant courses? Be sure to mention any relevant skills or experience that you have so that the employer can see why you would be a valuable asset to their team.

Express your interest in the company

Tell the employer why you want to work for their bank specifically. Do some research on the company's culture, values, and mission statement so that you can demonstrate that you align with their goals. For example, "I was drawn to ABC Bank because of its commitment to sustainable banking practices". If you have any personal connections to the company—such as if you know someone who works there—be sure to mention them here as well.

Close with a call to action

End your letter by thanking the employer for their time and letting them know how they can reach you if they have any questions. For example, "I would love to discuss my qualifications further with you in an interview at your earliest convenience. Thank you for your time and consideration". You could also include additional information such as links to your online portfolio or LinkedIn profile if it’s relevant and professional.

In summary:

A cover letter is an important part of your application for a banking internship—and it can be a daunting task to write one from scratch! However, by following these simple tips and use our templates below, you can write a cover letter that will help you stand out from the competition and increase your chances of being offered the internship role. Good luck!

➤ We Also Suggest Our Sample Cover Letter for a Business Administration Assistant Internship

Easy to Adapt Template for Summer Job in an Investment Banking Institution

A powerful cover letter for a banking internship.

Subject : Application for the position of [Job]

Dear Mrs.(Collins),

It was a pleasure (speaking with you over the phone last Tuesday - or similar) and making your acquaintance.

I have been reading (online) about the various openings available with (name of company) for the summer internship programs and am particularly interested in (details of the one you like).

Having graduated from (name of business school) in (month/year) and having (list here some of your recent past achievements in the banking domain), I am confident that my professionalism, acquired skills and adaptability would prove to be beneficial to the company.

Over the past (year) I have gained substantial experience in client/company relations and how to best win and keep new, future and existing clients. I enjoy research and am extremely thorough in all that I do.

Various passed projects (I was involved in) required intensive, background research into the various client needs, researching and developing solutions to problems and later successfully selling them to the client.

I believe that I am a natural leader, enjoy building and working with teams. In (year/month) I (give an example of a project you were in charge of where you chose and led a team or built a team to later prove to be a successful business model or similar).

I would very much enjoy being able to demonstrate these strengths in (name of company)'s summer internship program.

I am excited for what the future holds for me, I am eager to continue developing my skills and professionalism for my future career in Investment Banking.

I hope that my attached C.V/Resume will demonstrate my experience and suitability for your company's summer internship program. I am available to meet with you for further discussion or any questions that you might have.

Thank you for your time today,

(full name)

A Basic Cover Letter for a Banking Internship

Dear [Name of Recipient],

I am writing in regards to applying for the summer internship position at [Name of Company].

I am confident I have what it takes to excel in this position after taking classes such as Corporate Finance and Investments as well as completing various investment banking projects during my undergraduate studies at XYZ University.

I am excited about this opportunity because it blends my interests in both finance and technology, two areas I hope to pursue as my career develops. In addition, I have prior experience working in customer service which has developed my ability to handle difficult situations under pressure while still providing outstanding service.

I am confident that I could bring value to your team and contribute to the success of your business.

Thank you very much for taking the time out of your busy schedule to read my application.

If there is any additional information necessary or if there are any questions regarding my qualifications please do not hesitate contact me at [email address] or [phone number]. I look forward hearing from soon.

Best Regards,

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Sending an Email Cover Letter

If you are an undergraduate applying for an internship in the finance industry, you'll likely need to write a  cover letter .

This part of your internship application should be customized to the specific role. Your cover letter is an opportunity to stand out in a positive way from other applicants. 

Find out what information to include in your letter, review a sample, and get advice on the best way to send it to prospective employers.

What to Include in a Finance Internship Cover Letter 

Include the details.

Cover letters follow a very specific format. The first paragraph should mention the internship you hope to get. Many financial companies have large-scale internship programs, with opportunities ranging across departments and divisions.

Specifics help as well, so mention the name of your school if you are an undergrad or in graduate school. 

If you have a personal connection—for instance, if you know someone at the company or met the recruiter at a job fair—be sure to mention it in the first paragraph. 

Share Relevant Experience

In the body of your email, include details on relevant coursework or projects, as well as previous finance-related work experience, volunteer positions, or prior internships. 

What to Include When You're Short on Experience

If this is your first internship, you may feel like you don't have any relevant experience to highlight. If that's the case, look for the qualities and responsibilities mentioned in the internship description, and come up with examples of how you've demonstrated those abilities in the past. Time spent volunteering and extracurricular activities can all be valuable here.

Read through the internship description carefully and make sure to connect your experience with the responsibilities and qualifications laid out. 

Explain Why You're a Fit for the Role

Your letter should demonstrate your familiarity with the company and its goals, and make it clear why you would be a good candidate for the internship.

Tips for Writing Your Cover Letter 

Your goal in this cover letter is to show that you're a strong candidate for the finance internship. That means writing persuasively, and also paying attention to the details. Keep these tips in mind as you craft your cover letter: 

• Pay attention to formatting:  Follow the appropriate cover letter format, from choosing the right font to making sure you include all the required elements. 
• Pay attention to the internship description:  The company's write-up of the internship offers valuable information. Take some time to read through it, and consider jotting down some notes about the company's priorities. Then, use these insights within your cover letter. For instance, if the company mentions looking for an Excel wizard, you can describe a project you've worked on or mention a class you've taken on using the program. A targeted cover letter will outperform a generic letter. 
• Proofread your letter carefully:  Even small errors, such as misspelling the company name, diminish the strength of your application, so take the time to  proofread  before hitting send.

Take a look at an example of a cover letter written for a finance internship program. Don't copy it exactly. Instead, use this text for inspiration when writing your own cover letter. 

Your Name Address City, State Zip Code Phone Number Cell Phone Number Email

Name Title Company Address City, State Zip Code

Dear Mr./Ms. LastName:

Through ABC Financial Group's website, I learned about your bank's present career opportunities.

I am extremely interested in securing a position in the ABC Financial Group's Global Equity Summer Internship Program.

I am currently in my second year at the Smith Business School of the State University and am concentrating on finance, accounting, and real estate. Over the summer, I completed an internship with First National Bank. I am currently interning with the University's Student Federal Credit Union.

My experiences have provided me with a detailed knowledge of financial institutions and have enhanced my interest in pursuing a financial career. I feel that an internship with ABC Financial Group would be a logical next step in my development as an investment banker.

My main interest in joining ABC Financial Group stems from its impressive reputation. The prestige of the firm is best captured through its recent decoration as "America's Most Trusted Corporation" for the second consecutive year. I feel the firm's diverse clientele, large market capitalization, and well-established summer internship program would provide me with an invaluable experience to complement my studies at Business School.

I believe that I would succeed in the firm's exciting and motivated environment and that my strong work ethic, ability, and passion would make me a valuable asset to your firm.

I would prefer to work in global equity. However, I am willing to consider any position that you offer me. Thank you for your consideration, and I look forward to speaking with you in the near future.

Your Signature  (hard copy letter)

Your Typed Name

If you are sending your cover letter via email, list your name and the job title in the subject line of the email message:

Subject:  Finance Internship—Your Name

Include your contact information in your  email signature , and do not list the employer contact information or the date. Instead, begin your email message with the salutation. Aside from these relatively minor differences, an email cover letter is very similar to a printed-out version. The body of your email, from salutation to sign off, will remain the same.

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