How To Become An Investment Banker
Are you interested in becoming an investment banker? Actually, when municipalities and even corporations want to raise up capital meant to fund operation, they would approach an investment bank for assistance. And thus, an investment banker for Goldman Sachs and other top companies actually works with such entities to simply underwrite (or find buyers for securities such as bonds or stock) to raise the capital the organization needs.
Again, apart from the fact that investment bankers after MBA do underwrite securities, they can also ushers corporations through some complex processes like initial public offerings or mergers and acquisitions. And yes, to ensure this is successfully done, they must surely be well versed in the behavior of financial markets and also in the legal requirements that investment banks and their clients must meet for each process.
Training Required To Become An Investment Banker
Become an investment banker requirements
Actually, those called investment bankers actually come from a variety of backgrounds. But you should know this. Despite the fact that they came from a variety of backgrounds, having a quite strong foundation in mathematics is important. And we should know that prospective investment bankers may have bachelor’s degrees in finance, mathematics and accounting (for example) but may also come from other fields such as physics and computer science.
Also, we should mention that investment bankers receive a great deal of their training through their employer. In fact, it is said that recent graduates of bachelor’s degree programs typically start in analyst roles and then complete a training program before they then begin their job. And you should also know that those training programs can really last several weeks and introduce new analysts to principles to accounting, markets, risk, and the rest. Analysts also learn such important skills like communication, negotiation, and presentation skills. And after they complete their initial training, these analysts are known to often take part in continuing education that is also provided by their employer.
If you are interested in the field, a good way to gain experience and even make professional contacts before landing a job is simply to complete an internship. Yes, investment banks regularly take on undergraduate and graduate interns and even provide them with training and mentor-ship. It is said that interns typically perform the same types of duties that analysts and associates perform (gathering data, interacting with clients, and even working with financial models)
And yeah, while entry level investment banking analyst positions require only a bachelor’s degree, many investment bankers are even said to pursue graduate degrees. In fact, it is said that Master of Business Administration degrees (MBAs) are most common among investment bankers (and other graduate degrees such as law degrees can also be useful). And again, many schools offer graduate programs in financial mathematics (and a master’s degree in this field can also be valuable for investment banker associate).
How Long It Takes To Become An Investment Banker
So, you might be interested in knowing how long it takes to become an investment banker at 40. Well, you can actually become an investment banking analyst directly after earning a bachelor’s degree. And yes, it can really take two or even more years of working experience with a graduate degree to advance to associate status at an investment bank.
The Job Prospects
Investment banker salary: How much do investment bankers make?
So, you might be interested in knowing what the job prospects seem like. Well, we got interesting things for you. Actually, The Bureau of Labor Statistics projects that employment of such as commodities, securities, and financial services sales agents (even including investment bankers on wall street), will grow 11 percent between 2012 and 2020 (which actually matches the average growth for all occupations over that time). And in fact, The Bureau of Labor Statistics are even said to expects that while there will be additional jobs, competition for positions will be quite strong (and even that candidates with certain graduate degrees and voluntary certifications will have the best prospects).
Finding A Job As An Investment Banker After Graduation
To really jump on a job as an investment banker with no experience, you should really concentrate heavily on networking and answering investment banking interview questions well while still in school. You should know that large investment banks do recruit prospective analysts and associates from top business schools (and it is said that they often fill these positions with interns who have worked with them as summer associates or analysts).
And in conclusion, if you are in college, you may actually be able to find someone in your school’s alumni network that can talk to you about becoming an investment banker in India, South Africa, Australia and Canada. Thus, learning more through that can be a good way to build your professional network.