What Is Investment Banking and Can We choose it as a Career?
Investment bankers assist private corporations and governments with massive financial transactions. It is a highly skilled job that requires critical thinking and expertise in the field of mathematics. If you are interested in becoming an investment banker then you need to learn more about the profession. It is important to learn about the educational qualifications required to become an investment banker as well as understand the role of an investment banker in an organization.
Investment bankers handle financial transactions within an organization related to investment. They work closely with managing directors, vice presidents and analysts. They often work in different time zones and facilitate different clients from different parts of the globe. They have a hectic schedule and would often have to stretch their working hours. Investment bankers have high-pressure jobs and need to be resilient and patient.
Responsibilities of an Investment Banker
An investment banker is an individual who provides financial advice to companies and governments. Here is a list of tasks that an investment banker performs in an organization:
- Acquire business loans
- Issue stocks
- Set prices for securities
- Raise stock capital
- Bifurcate resources
- Merger deals
- Investment management
Qualifications of an Investment Banker
Investment bankers need a bachelor's degree in accounting, economics or finance. You can significantly improve your career prospects by getting a master’s degree. The ability to communicate effectively can also increase your chances of getting hired by a big corporation or a government institution. An internship can significantly increase your chances of landing a job. Therefore, you should focus your efforts on obtaining one at any of the top financial institutions. It's also crucial to network with students who have recently begun their professions or finished their internships to get guidance on the industry's current state of affairs and learn about the lucrative chances the sector has to offer.
In general, it's important to gather all the information you need before submitting applications to companies so that you can decide for yourself what kind of position and company you want to pursue. You can get the finest start in your investment banking career with the appropriate internships, on-job training and learning of practical skills!
Salary of an Investment Banker
The salary of an investment banker depends on several factors such as qualification, experience and skill set. If you have completed your graduation from an esteemed institution then you will easily get hired by a large corporation that offers a rewarding salary. It is a combination of multiple factors that play an important role in improving your chances of getting a big paycheck as an investment banker. It can be quite challenging to become an investment banker. It is a highly stressful job and requires a great deal of passion and perseverance from an individual.
You might have to work for long hours and adhere to strict guidelines and company norms. An investment banker also needs to have an exceptional understanding of financial matters and dealing. Not only that, but one also needs to have excellent communication skills and people-handling skills when dealing with representatives of big corporations or government bodies.