October 31, 2018 – Imarticus Blog

Last Updated on 4 years ago by Imarticus Learning

So, you are looking to enter into the world of investment banking. Sitting on the fence would make no difference in your life. Making a career in investment banking is lucrative, but it comes with a cost. You have to work hard to understand what role the investment banking experts who deal with carrying out many financial analyses for their companies and work hard on financial models to help groups to make capital. Pursuing investment banking courses and developing expertise in this field can give a whopping salary of 80,000 USD per month or more. If you are interested in making a career in investment banking, check the following investment banking career facts and stats that are worthy of knowing about this domain.
Investment banking is not for people with finance majors
Of late, a number of investment banks and institutions are hiring people with engineering and computer science background as they have the experience and knowledge of coding. So, if you feel discouraged, then keep in mind that there are companies who hire people from another background as well including the ones with investment banking certification and having backgrounds of literature, science, finance, blockchain, etc. In other words, one of the investment banking career facts is that you can have any educational background to enter into this field.
Crack the quant interview to find a job
You must have heard about the interviews being conducted for the consulting jobs, these remain specialized. Similar is the case with the people opting for the Investment banking career. Once you complete your investment banking certification, your employer would ask to crack the quant interview.
These are the tests to judge your quantitative aptitude along with checking your knowledge regarding the technical subjects along with valuation or accounting. You may be asked to define certain financial statements along with putting the analysis of the same, while other interviewers would ask you to crack some brain teasers and ask them to solve it under pressure. Remember the investment banking career facts before you go for the interview.
Career in Investment Banking- Losing grounds
Though pursuing the Investment banking career is rewarding one interesting fact is that people are losing their interest in this field. The fact is people these days do not want to take up investment banking training. As per the reports of Harvard Business School in 2015, only 4 percent of students said they are looking for a career in investment banking. In fact a number of people working in investment banking are shifting to the Fintech world considering the bright future of Fintech. This has also reduced the admission in various investment banking courses.
The Revenues are also going down
If you check the latest figures in the domain of investment banking, the picture isn’t that rosy. The biggest investment banks in the world have witnessed a constant decline in revenue, which has started falling since 2016. As per reports, it has gone down from 79 billion USD in the first quarter of 2016 from 94 billion USD. This constitutes to around 15 percent, which is enormous in two years. As per the industry experts, this is regarded as the steepest decline in this sector ever witnessed before after 2009 when the revenue has gone down by 25 percent. So as compared to the other sectors, more and more people are looking out.
Long working hours under constant pressure
One of the vital investment banking career facts is that you have long working hours in this sector, which is not the case with other finance jobs. The work here is more challenging and complex and can give you a tough time working in this domain. As per reports of TransparentCareer, the average working hours of professionals in Investment Banking is around 77 hours, which is 11 hours a day in week.
Wrapping up
There are many more investment banking career facts, which are required to check before you decide upon entering into this career. However, don’t be discouraged if you find any negative thing about this career as there are many more lucrative things to enjoy in this field.

Last Updated on 4 years ago by Imarticus Learning

Change management is one such art which an organization needs to implement properly in order to grow. Now, a business organization needs to evolve in each and every time. The changes in a business organization depend on various factors such as:

Market Conditions
Customer Demands
Technologies
Input Costs
Competition

A company needs to adapt itself in these changing scenarios otherwise, it cannot grow. They need to continuously re-evaluate their business models and enquire about the aptness of the tactics and strategies they are applying in order to reach their long-term goals.
What is Change Management?
Change management is all about carefully and thoughtfully making changes in the working of an organization. However, not every people in your organization will be ready to accept changes. When you tell them to do things which they have been doing in a certain way to do in a different way, they will find it hard to accept it and get confused about it. Many companies face uncertainty during this change. If your company is facing the same thing then here 7 change management guide you will kick yourself for not knowing.

Communicate The Risks Of Not Changing

When you communicate about the risk of not changing to your employees then they will understand aptly as to why they need to change and keep evolving. To keep themselves at the top of their work, they need to keep evolving. If you can make them understand this then you will be able to apply change management guide successfully.

Involve Your Team In Decision Making

When you involve your team while making an important decision, they seem to become more and more responsible for their work. They will feel that the company is also listening to what they want. This is very important in order to gain the trust of your employees. This will be the base on which you can apply change management guide successfully without any uncertainty and chaos among your employees.

Minimize The Uncertainty

With the change in the working of your company, one thing is certain and that is there will be uncertainty in the minds of your employees. That is why you need to communicate with your employees in a way that the uncertainty in their mind will get eliminated. This is also an effective change management guide.

Celebrate Success

This is an important step in implementing the change management guide successfully. Celebrating the successful application of each change and celebrating those changes will make your employees believe that the changes you have made are going in a positive direction.

Explain The Reason For The Change

If you don’t explain why you are changing the working of your company, your employees will stay in the shadow of doubt and fail to understand why the change is necessary. Thus, you have to explain it properly to your employees. It is a change management guide that you should follow.

Be Transparent

You need to make sure that your employees know every information regarding the change. When there is a communication gap, they might feel that you are plotting something terrible. So, be transparent to your employees as much as possible.

You Need To Lead The Change

Remember that the change in your organization will be less scary for your employees when you will be driving that change. So, show your leadership skills by leading the change as it will help your employees to get clarity about the change.
So, next time when you are changing the working of your organization to cope up with the changing scenarios of the market, keep these 7 change management guide in mind in order to apply the changes successfully.

Day: 31 October 2018

Investment Banking: All the Stats, Facts, and Data You’ll Ever Need to Know

7 Things About Change Management You’ll Kick Yourself for Not Knowing