The Career Path of an Investment Banking Professional

Banking is a lucrative career option to enter into, especially, for finance graduates. And why not, it not only provides you with a great earning opportunity, but to live a luxurious lifestyle as well. In fact, the perks and benefits in this job domain are considered the best compared to other corporate jobs in varied other industries. And, not to forget, that a successful career in investment banking offers a direct entry into an even much lucrative, private equity. 

So, how to become an investment banker in the first place?

Prerequisites to Becoming an Investment Banker

  • A College Degree in Finance: To bag an entry-level job, you need a degree in finance or economics or related subject discipline. Business and accountancy too will suit the said industry domain.
  • Get your Graduation Degree from a Top-Tier College, or University: Top investment banks in the world generally recruit individuals from ivy-league schools, or the best-ranked universities in a country.
  • Try Getting your Hands-on an Advanced Degree in Finance: However, it’s not a compulsion, but, being equipped with a master’s degree, certainly improves your odds of finding a job at a top global bank. Consider going for an MBA, or an advanced degree in statistics, or mathematics.
  • Investment Banking Certifications Do Matter: If not opting for a master’s degree, the role of professional certifications become even more critical. It’s a fact that recruiters prefer certified candidates compared to their non-certified counterparts. 
  • An Internship Will Help, Immensely: An internship with a reputed bank is your ticket to a rewarding future, later in your professional life as an investment banker.
  • Networking Will Always Help Bring Opportunities: Those seeking their first break in the industry must not miss a single opportunity to network. A lot of many chances get created for you, being a known person, even among a small group of working professionals in the sector.

A Banker’s Career Path

A majority of bankers start their career by getting an internship with an investment bank, while they are studying at colleges, as students.

After completing their graduation, these undergrads enter the industry as analysts, wherein they take on to responsibilities such as conducting research work, and generating analysis-related reports for the seniors in their team.

Experience gets built with time, and the journey traverses higher into the hierarchical structure.

With a strong portfolio been built after working several years in the industry, the analyst moves up to becoming an associate.

However, many individuals with a master’s degree in finance, directly enter in this job position.

Constantly delivering good performance while working as an associate can move you up in the managerial positions, that oversee the business deals & transactions in IB from inception till closing.

Primary Work Responsibilities of an Investment Banker

Investment banking professionals help private and public companies with their valuable advice on investment-making in the financial markets, besides offering underwriting services during M&A deals.

They do manage the issuance of securities on their clients’ behalf, who are usually, big investors (institutional investors, government funds, high net-worth individuals).

Besides all of this, investment bankers underwrite debt securities and municipal bonds.

Concluding Words

In between the handsome pay and luxurious lifestyle, banking professionals enjoy, there is an intense hard work involved that keeps you awake at nights, and pushes you to extend your daily working hours. A hectic international travel schedule awaits you as a banking executive, that would sometimes, make you forget which time zone you are living in.

If you are ready to take on the mammoth challenges that are an every day’s part of a banker, you are welcome to enter the industry!

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