CAREER in INVESTMENT BANKING

What is investment banking?

An Investment bank renders multitude of finance-related services for capital creation for other companies, services comprising of underwriting, issuing of equity or debt securities and facilitating mergers. An Investment bank functions as an arbitrator between the Investor companies and the issuers and helps in generating capital in various ways. These services work on both sides the buy as well as the sell side.

What happens in IB:

Investment banking is one the most worldwide businesses on earth and is immeasurably competitive. The ruthless and profit hungry world of investment banking is a substantial place to learn about the bigger picture of corporate finance which remains useful throughout one’s business career. This business includes the mergers and acquisitions services, raising capital or funds through an initial public offering (IPO) and other financial services. Some investment bankers spend a lot of time scrutinizing the financial statements and working behind the computers, others are the bankers spending time handling a phone on each ear and keeping a buyer or a seller on hold whenever the market is in sessions. A consultant’s job or of a banker in this business is exceptionally hectic.

Scope :

This field is unrestricted to graduates and post graduates of many fields especially for those from accounting and finance background, the positions ranges or starts from being

• An analyst, to
• An associate,
• An account manager, and
• A director

The best way to secure a job position is by starting with an internship in this business. The junior most position is of an Analyst. Basically Associates and Analysts work jointly as the associates examine the work done by analysts, and analysts do the majority of work. The senior bankers predominantly maintain business deals and relationships. They anticipate or foresee the need to raise capital and whenever to deal with M&A discussions.

Requirements and Outlook:

An Investor banker career can be very much profitable but it requires certain skills in business, like personal interaction skills, the ability to provide valuation estimations and the ability to lift mental and emotional sufferings. This field requires a lot of critical or censorious thinking skills, but it comes with plenty of financial rewards, not to mention being a part of big name business deals, Attractive salary packages and another benefit is, it provides a concrete basis to continue a future in finance.

Investment banking career is hard fought so to do well or be successful one needs to like the work itself which requires focused attention, physical fortitude with a tolerance for risks and ability to work with numbers all day with excellent analytical skills.

But if this isn’t your cup of tea, a job in investment banking can turn out to be a nightmare.

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