Investment banking is a lucrative and passionate aspect of the financial sector which can be pursued by anyone provided you have the grit and drive for it. Read on to know how?
A richly rewarding career, investment banking can be an option for those who have an eye for numbers and detail. Working in investment banking industry does not only mean long hours and highly volatile markets and stressful life. It is also an opportunity for those who are interested in setting up their own career trajectory and succeed. Today, thousands of individuals are looking for investment banking course in order to consider it as a career.
Investment banking sector does require a lot of sacrifices and hard work and dedication. That being said, it is also one of those careers that has a high rate of job satisfaction. The sense of accomplishment, high salaries and a symbol of respect and dignity are some of the things that come with pursuing a career in investment banking.
Here are the top characters of those who want to have a career in investment banking.
Positivity
Since investment banking is a high-pressure work portfolio, it is not only important to have the skillset to thrive, it is also important to always have a cool and collected mindset towards work. A positive and growth-based attitude goes a long way in the investment banking industry. Being able to turn a dynamic and high-intensity atmosphere to a happy and positive one can help increase the overall productivity of the company.
Passion comes First
First and foremost quality one must have while pursuing an investment banking training is the passion to go great work. One must be able to completely immersive oneself in the task and love what you do in order to succeed in investment banking as a career.
Quality vs Quantity
Everyone who works in investment banking will tell you that it is important to focus on getting quality over quantity. Those who approach work with an attitude to just churn out cases in a factory mode will have difficulty thriving in this industry. Highly focused and specialized work on one factor of the work in order to achieve the best quality is the approach one must take while working in investment banking.
Resilience
Another great attribute that investment bankers have is the ability to build long lasting relationships through excellent communication skills and also be to sustain and retain them. Every time one facing a roadblock, one must be able to adapt and be resilient. This trait is important in this field as the dynamics of the industry is ever changing. So one must be able to make quick, smart decisions and continue to do the same for a long period of time. This also involves nurturing relationships with clients.
Conclusion
For those who are proficient in finance in their schooling years, investment banking is an option to consider for a successful career.
Day: April 9, 2019
Is a Career in Investment Banking Lucrative For Any Individual?
For many, investment banking is a career that gives the best of all worlds-job satisfaction, money and a respectable lifestyle. Read onto to find out why everyone wants to join this industry.
Fancy suits and briefcases and a gait with pride are only the exterior attributes of an investment banker. Today, many are vying to join the extremely competitive and challenging workforce of an investment banking company. This is predominantly due to the fact that a career in investment banking is highly lucrative and rewarding. Many educational institutes are also providing investment banking certifications to help support the influx of candidates who want to pursue a career in this field. Individuals who have completed an investment banking course are prolific, intelligent and detail-oriented which many banking firms look for.
Here are the top reasons why many individuals are considering a career in investment banking.
High Salaries
One of the biggest reasons many people join this industry is due to the fact that most banking and fintech firms provide high salaries to both freshers and seasoned professionals. This is mainly due to the fact that these are the people who are dealing with money, to begin with. Everyone is highly competitive and earning big pay cheques which can support a good luxurious lifestyle.
Interesting work portfolio
Investment bankers get to work on deals and plan strategies for their clients which in itself is fun work. Many get to be part of massive decision making when it comes to large MNCs in various industries thereby adding curiosity and challenge to the work. Individuals also get to work with the smartest and most driven bankers in the financial sector, thereby creating a good work atmosphere. From raising capital for a startup to looking at mergers or acquisitions, there are many responsibilities that one gets to take care of as an investment banker.
Symbol of Pride
Investment banking is a field that is revered the world over due to the competitive and volatile nature of the industry. It is a matter of pride and dominance which drives many individuals to join the field. The job adds a prestigious feeling and helps them achieve respect in the community. The earnings derived from an investment banking career can set you up for a comfortable and respectable lifestyle and also help individuals better plan their own personal investments.
Conclusion
Investment banking is a great career choice if you are passionate about numbers, you are driven and looking for a luxurious lifestyle.
The Framework That Changes Everything
Everybody is talking about Scrum-Agile principles, its framework, and success. Well, Scrum is not a technology suite. Rather it is an implementation toolset to revamp the way organizations function and think. And this framework when looked at from its core aims and values needs to be adopted across the organization and affects every employee. Scrum has the answer to implementing productive AI, ML, VR or AR technologies and changing the very way we think across industrial infrastructures, technologies applied and size of organizations. Everyone is set to benefit and think in Scrum.
The implementation benefits:
Scrum efficiency brings great results to teams who use Agility related principles on the Scrum framework because in this philosophy it is all about being effective and robust as a team and managing projects under a talented SM to infuse the mindset, values, and practices into the equal-members Scrum team. They flourish on getting self-organized, communicating effectively and contribute through being constantly contributive in all transactions private and team-wise. Thus the talent pool allows efficient scaling and functional management.
Drawbacks:
The framework is a recent addition and is yet evolving to deal with rapid technological changes, increase in data capabilities and scaling issues. Though compatible with many evolving technologies the basic Agile premise of the main project being sub-divided into achievable product backlogs dealt with in short sprints with Scrum values implies that a uniform Scrum mindset is being applied across all processes of the organization. This is hard to achieve and can negatively impact performance, productivity, and efficiency when not adhered to. And this is true also because of the vast variety of verticals, processes, and ownership to which it is being applied.
Key Scrum functions:
Since nearly all industries wish to implement the Scrum benefits, we need to look at the core functions listed below.
- Revamping team structures: The movement to cross-functional teams and hiring an effective CSM is at the core of up-scaling.
- Scaling design: This cannot be isolated and needs to factor in the various strategies, compliance, and inter-departmental integration to induce Scrum oneness across the framework.
- Monitoring the product backlog and release management: This factor is crucial in large projects and best achieved with an efficient CSM, the Scrum team and product owner working together effectively.
- A productive backlog: This crucial element needs team consensus, constant CSM monitoring, and a knowledgeable CSPO.
- Mentoring Support: The CSM is the unofficial manager of the team leading through effective Scrum value implementation and lies at the very heart of success as a team.
Why Scrum is popular:
Here is how Scrum is instrumental in such success.
- The Scrum growth has been exponential in terms of its adoption by nearly 65 percent in the IT sector.
- Scrum is effective in handling timely schedules, and preventing project costs overrun which is an important factor according to the McKinsey report for project failures.
- The framework is simple and compatible with all verticals and sectors as long as you have an efficient SM.
- The Scrum-Agile framework has been tried and tested across large, medium, small and startup environments successfully.
- The SM is essentially the Scrum values leader and unofficial team manager to induce the Scrum state in all processes and persons associated.
- Scrum requires smaller teams and results in higher efficiency and productivity across departments.
- Scrum basic assumptions are collaborative teamwork in the framework where all are equal, self-organizing and responsible for team performance.
Conclusion:
The software when working for Agility in Scrum incorporates items like product backlog and sprint planning features important to developing the framework for Scrum operations. But Scrum goes beyond the IT industry and can be used as an effective management practice in all sorts of situations and even in personal life. Scrum is a philosophy and is definitely set to impact all who learn it across all levels of the organization.
In parting, to imbibe Scrum effectively one will need formal training. It should involve hands-on practice on industry-relevant situations and is a process that benefits from the mentorship of a certified SM. It is also important to get your training at a reputed organization like Imarticus Learning where the Scrum Alliance issues your certification. You also earn a 2-year alliance membership for free which provides you with efficient peer-support when you implement Scrum values and transition teams to an Agile state. Why wait? Grab this opportunity today.