Marg Career Library - Investment Banker

Overview:

Investment bankers are professionals who play a key role in underwriting new issues of stocks or developing mergers and acquisitions strategies. They work in a specific division of investment banks and trade with shares, bonds, stocks and other assets. An investment banker working in the corporate finance division of an investment bank advises companies on mergers and acquisition, raising capital etc. Investment banking is often considered a coveted profession that assures money, power, risk and status.

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Career Path:

While investment banks, recruit graduates in business or economic majors ,it is advisable to get an MBA from a Top Tier college and a CFA charter to rise up the ladder in this profession.

Stream of Study in 12th Grade/School:	Commerce (Recommended)
Degree/Graduation Courses:	Pursue B.Com/B.Com (H) BBA B.A with Economics
Higher education/Post Graduation Courses:	MBA (Finance) from a Top Tier college CFA Charter

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Top Colleges:

Indian Institute of Management(IIMs)
XLRI
Institute of Chartered Accountants of India, Delhi
CFA Institute

Job Opportunities:

Investment banks
Investment management companies
Private equity firms

Job Responsibilities:

Regularly meeting with company managers, stock market traders, fund managers and stockbrokers
Collecting detailed, up-to-date information about the economy and financial markets.
Effective underwriting, as well as analysing and closing finance deals.
Analyse risk and offer financial advice
Facilitate mergers and acquisitions

Work Life:

Investment bankers are directly responsible for generating revenues and pulling the trigger on investment decisions.
Life as an investment banker is characterized by uneven bursts of activity followed by times of calm or even boredom.
Work life can very tough for investment bankers, especially associate and other junior level staff.They have to be always available even during weekends or vacation or early mornings via phone or email.
Analysts and associates working in the IBD of a bank will spend a lot of time building financial models in Excel

Key Skills:

Strong analytical and quantitative skills
Solid grasp of current market developments
Attention to detail
Excellent social skills
Persuasion
Ability to handle immense pressure
High work ethic
Huge ambition
Time-management and ability to multitask

Designation:

Entry level

Intern, Analyst, Associate, Business analyst, Risk Analyst, Credit research analyst

Mid level

AVP -Investment banking, AVP- Futures and options, AVP-analysis or modelling, Transition Manager- Investment Banking, Project manager-equity/derivatives, Hedge Fund Manager

High level

VP-Transaction regulations, VP-Futures and options, VP-Chief controls office, VP-Treasury, Head -Internal audit, VP-Product control, VP- Liquidity Reporting, Program director-Investment Banking, Director or Senior VP, Managing Director (MD)

Merits & Demerits:

Merits

1. Remuneration and perks are quite high and very rewarding
2. Opportunity to work in different areas risk management, stock market, finance and funds managements etc.
3. Fast growth in job and never-ending demand for professionals

Demerits

1. Long Work Hours.
2. Highly stressful work environment.

Overview
Career Path
Top Colleges
Job Opportunities
Job Responsibilities
Work Life
Key Skills
Designation
Merits & Demerits

Investment Banker

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