Investment banking is one of the most prominent career choices in banking industry. The job of an investment banker is of high profile and they handle financial transactions worth millions and billions of dollars. Investment bankers perform a wide range of functions. They advise clients on investment options and on raising money. They thrive on negotiating large financial transactions. Most of the Investment bankers work in specializations including research analysis, trading and corporate finance. These professionals work for investment banking firms. It is their job to initiate financial ventures and counsel other companies and businesses with financial possibilities and new investment avenues. Their expertise includes handling budget deficits and financial failures.
High net worth clients prefer to seek the help of investment Bankers to manage their hard earned money. Investment bankers love to deal in stocks, bonds, mutual funds, and securities. Investment bankers handle important functions like underwriting, IPOs and other advisory services.
Talking about educational qualifications of an investment banker, he must be a graduate with degree in economics, business, statistics, accounting or finance. Though, preference is given to those who have a Master’s degree in Business Administration. Employers seek right candidates from top institutions. This is a highly specialized job and that’s why employers prefer exceptionally talented students. Investment banking is a dynamic field and these professionals need to educate themselves on current trends in the market and changes in the economy on a regular basis.
Organizations provide intensive training on the job for newly recruited investment bankers at the entry level. In USA, most of the investment bankers clear the General Securities Registered Representative Examination. They also register with the Financial Industry Regulatory Authority (FINRA). The requirements vary from state to state and country to country. Many states in USA demand investment bankers to clear the Uniform Securities Agents State Law Examination. Top level investment bankers like to have several licenses for career advancement. They also possess strong communication and interpersonal skills, great analytic skills, ability to work as a team and plenty of self-confidence.
In India, different courses in the field of investment banking are offered at under graduate as well as at post graduate levels. Quite a few institutions conduct diploma and certificate courses. However, it is always recommended to have a post graduate degree if one wants to make it big in investment banking. Some of the major institutes offering courses in this field are Institute of Chartered Financial Analysts of India University (ICFAI) (Tripura) and The Society of Certified Investment Bankers, (Hyderabad). It is an emerging career choice in India. Rising economy and proliferation of banks have created huge demand for talented investment bankers. Add to that, attractive pay package and that almost makes it a perfect career choice.
Employment chances for investment bankers are projected to grow much faster than the average for all professions. Factors like rising per capita income, increasing number of financial products and services, emergence of new banks and increasing investment options etc will drive the demand for investment bankers.