An investment banker explains why aspiring Wall Streeters should read every section of the newspaper

Unnamed 8RBCCMRBC Capital Market’s’ Michael Ventura.

Breaking into the Wall Street world is no easy feat.

It’s especially difficult for young people with non-traditional backgrounds and little finance experience.

Michael Ventura was once one of those students. He studied political science while he was an undergraduate student at Colgate University in New York. He is now a director in equity capital markets at RBC Capital Markets. Ventura is what’s called an originator, going out and winning business from energy clients that the investment bank can raise capital for. He’s been with the firm for ten years.

RBC finished 2016 ranked 10 for investment banking fees in the US, according to Dealogic, increasing its market share.

Business Insider recently met up with Ventura to ask him his advice for young people with non-finance backgrounds interested in a career on Wall Street. He said such folks should, as a first step, immerse themselves in the news.

“Be knowledgeable and be up to speed on current affairs. Read the Wall Street Journal or the New York Times every day, cover to cover,” Ventura said. “Absorb every section.”

Yes, that even means the style section. Staying abreast on the forces that drive business on Wall Street is important, according to Ventura, but knowledge of more commonplace points of conversation is equally important. This, he said, will help young Wall Streeters over the course of their entire career.

“Reading Thursday Styles will help young employees become well-rounded individuals which means, if they meet my wife after work and she tells them she works in the fashion business, they will be able to engage with her and contribute insightful or meaningful comments, and that’s very valuable,” Ventura said. “It shows maturity, it shows they will succeed in client-facing situations, and it engenders loyalty and a sense of community.”

It also might improve a wannabe’s look, which can never hurt.

NOW WATCH: THE BOTTOM LINE: A top Wall Street strategist says there’s nothing to worry about and we examine bitcoin’s surge

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at