What is the Role of an Investment Banker?
A successful investment banker can have a high compensation, a plethora of networking possibilities, and the opportunity to play a prominent role in company success stories, making this a highly valued vocation. Nonetheless, an investment banker’s day-to-day work is often hard, fast-paced, and unpleasant to individuals who prefer a more peaceful work-life balance. Investment banking may not be the right career choice for you if you want a regular 40-hour work week and flexible schedule.
Job Description for Investment Banking
An investment banker may be involved in any of the following financial advisory operations for corporate clients, in addition to creating excellent client relationships:
Book Building and Capital Raising Prospectus Drafting
- Public Offerings (IPOs) (IPOs)
- Investment “Roadshow” Meetings
- Securities Issue and Sale
- Capital Placement in the Private Sector
- Acquisitions, Divestitures, and Mergers
- Restructuring of Businesses
- Advisory Services for Debt and Equity
- Bond Issuance and Bond Market Pricing
- Advisory Services for Hedge Funds, Mutual Funds, and Pension Funds
Job tasks will differ depending on the function and the needs of the client.
What Does it Take to Become an Investment Banker?
Investment banking, like most financial jobs, is simpler to break into if you have a solid foundation of financial knowledge through your formal education and early work experience. Previous financial counselling, financial management, trading, or general business consulting expertise is common on investment banker resumes. Undergraduate and graduate degrees in business administration, finance, commerce, economics, or an analytical subject like statistics are frequently sought by investment banks. Individuals with different backgrounds can make the move to a job in investment banking, but they must be able to demonstrate both quantitative aptitude and effective communication abilities.
The Path to Investment Banking
Many investment banking firms may provide paid internships to college students and young graduates, which can help with networking and count toward required years of experience. Some investment banking organisations may give preference to candidates with advanced degrees from business schools, but before investing time and money in an advanced degree, make sure to explore position criteria in your field of interest.
Although entry-level investment bankers are sometimes referred to as “junior bankers,” job titles are more likely to use the terms “analyst” to denote a real entry-level position and “associate” to imply a role that requires some experience. Those with extensive investment banking expertise, on the other hand, will be referred to as “senior bankers.” Occupational titles.
Other Financial Careers
Interested in more financial services positions? Other roles that are similar include:
- Investment Advisor
- Strategist for Investments
- Portfolio Supervisor
- Manager of Private Wealth