As an investment banker you will be helping corporations, governments and other groups plan and manage large complicated financial transactions and investments.
Investment banking deals with the creation of capital for companies, governments and other entities. Investment bankers underwrite new debt and equity securities, aid in the sale of securities, and help to facilitate mergers and acquisitions, reorganizations and broker trades for both institutions and private investors. Investment banks also provide guidance to issuers regarding the issue and placement of stock.
Investment banking professionals carry out different daily tasks depending on their job roles in the organisation. On a typical day you may
Scrutinise reports on business assets, earnings reports and industry-related variables to determine whether or not they recommend investing in a company.
Meet with clients and make recommendations about potential investments.
Present information and reports to clients or to other professionals in their bank.
Prepare offer documents and run financial projections.
Work on pitchbooks, or sales books created by the firm to help generate new clients.
Attend office meetings.
Attend to phone calls and reply to messages/emails from clients, co-workers and senior bankers.
Check status report, presentations and calculations prepared by accounting staff.
Develop or implement procedures or systems to evaluate or select suppliers
Coordinate work with other professionals, such as equity research or sales staff and with DTP experts for using software like PowerPoint, Photoshop and other aesthetic programs to make revisions to pitch books and other marketing materials.
You may take any stream at +2 to make you eligible for bachelor's studies but opting for Commerce stream would help you gain a strong base.
Taking BCom, BBM, BBA or BMS degrees is recommended for further studies in the field of Banking and Finance. Generally the duration of these courses are 3 years.
Distance education diploma courses in Supply Chain Management of duration 1 to 1½ years is offered by some institutions ( NMIMS, Symbiosis) in India. This can be taken up after graduation in any discipline.
You may take an MBA (Finance) which is of 2 years duration in India. MBA (Investment Banking) programmes are available in foreign universities.
Diploma or Certificate courses in Investment Banking can also be taken up.
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Being able to spot important details and identify discrepancies at a glance is a valuable skill for an investment banker as the job requires high levels of accuracy and diligence
Analytical expertise is highly essential for an investment banker who needs to spot expansion or mergers opportunities within existing businesses and is also often required to present the detailed analysis of business ventures or investment plans to the highly demanding clients
Management and leadership potential to drive things on their own, build teams and coordinate multiple internal divisions and partnerships is an integral part of investment banking jobs.
Investment bankers should have the ability to persuade and convince. clients to buy into their ideas. This requires great all around communication and presentation skills
Investment bankers often have to deal with extreme situations and unfamiliar settings involving differently cultured and often difficult clients. Networking skills to keep in contact with a wider cross section of individuals would help maintain healthy client relationships.
Good time management skills are essential to handle a lot of tasks and projects at once and maintain efficient working while meeting deadlines.
Investment Banks
Stock market
Insurance firms
Government bodies
Goldman Sachs
Morgan Stanley
JPMorgan Chase
Bank of America
Merrill Lynch
Deutsche Bank
Credit Suisse
Barclays Bank
B. N. P. Paribas
Citi Bank
Kotak Mahindra
