This week on WIBcast, Phoebe speaks with Mary Cobble in an episode that is perfect for anyone interested in banking, impact investing, and what to expect the first few years on the job.
Mary graduated from Boston College in 2019 and started her career in investment banking after two summer internships in IB. Meanwhile, her interest in ESG investing developed as the industry gained legitimacy and visibility over the past decade. After a year in investment banking, she took a job with Domini Impact Investments as a Financial Analyst, where she works now.
In this episode, we answer the question, what does it actually mean to be an analyst. Mary emphasizes that supporting her team across tasks has remained a constant, but how that directly materializes has changed. She is now at a smaller firm and is the youngest on her team vs. in a large environment surrounded by other young analysts. Another distinction from her switch from IB to Domini is that Mary is now in a market-facing role. We talk about what that means and the learning curve of her new role.
What motivated Mary’s move to Domini over anything else, was Domini’s unique investment strategy in regards to ESG initiatives. As an impact investment firm, Domini takes both an inclusive and exclusive approach to investing. This means that they invest in businesses that support human dignity and ecological sustainability, and they will not invest in firms that violate those standards. Mary reflects on how she is motivated by the stake and intention of her work and shares her thoughts on where the ESG space is going next.