Tuesday, June 30, 2020
How to become an Investment Banker
How to become an Investment Banker Thinking about becoming an Investment Banker? Capital idea⦠Investment Bankers provide financial advice to businesses and governments, and help them raise the capital required for investments.They differ from regular investors (such as angels) or Merchant Bankers in that they work solely with companies and commercial clients, rather than individual investors, but their primary function remains the same â" to help ensure people make intelligent investments.Typical duties for an Investment Banker include:Buying and selling securitiesBond and equity financingProfit forecasting and risk analysisUnderwriting dealsAssisting with mergers and corporate acquisitionsEnsuring that government regulations have been followed when raising capitalIs it right for me?Contrary to popular belief, you donât have to aspire to be the next Wolf of Wall Street in order to become an Investment Banker.In fact, itâs within everyoneâs interest that your recommendations help organisations progress, and t he ability to build good relationships with your clients will be key to success in this position. Maintaining a professional appearance is similarly vital when attracting potential investors.Other key skills for an Investment Banker include:A strong background in mathematicsCommercial awarenessLogical thinking and problem solvingExcellent negotiation skillsSelf-confidenceDrive and determinationThe ability to work well under pressureCareer Progression Investment AnalystUp to £40,000 Investment BankerUp to £60,000 Senior Investment BankerUp to £120,000What's it really like? I got into investment banking pretty much straight after university, doing various paid internship positions until Iâd built up a decent network of contacts â" which helped get me my first full-time position. I wonât lie that initially, I was drawn to the industry because of the potential pay packet, but I soon became passionate about helping my clientsâ profits grow â" almost more than they were. Th e hours can be long and it can be stressful, but the buzz you get when your recommendations reap financial rewards make the hard work well worth it. To be honest, I canât imagine doing anything else. Get qualifiedYou will generally need a degree in order to become an Investment Banker. However, Investment Banks hire graduates from all disciplines, not necessarily just those with a finance background. However, a good knowledge of current financial markets and a relevant course will be essential to get started in the industry.
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