Investment banking associates traditionally graduate to this position from an analyst position. In this position, you will be more hands-on with the execution of transactions as well as the planning and structuring of them. Unlike analyst positions that usually only require bachelor’s degrees, recruiters expect associates to have MBAs or closely related degrees at the very least. You may find yourself applying to banks and larger financial institutions like Goldman Sachs or private equity firms. Take a look at this successful associate’s resume.