Last updated on March 21st, 2024 at 08:58 am
Investment Banking is one of the most coveted jobs for today’s youth. This has made the demand for online investment banking courses rise to an unprecedented level.
But before you decide whether to take an investment banker course, you should first know the responsibilities, roles, and workload of an investment banker, so that you can make an informed decision.
Responsibilities of an Investment Banker
Investment banking is one of the most demanding jobs and the candidate has an enormous amount of responsibilities. Some of these responsibilities include:
- Value debt and sell equity for various mergers, acquisitions, and capital-raising transactions.
- Perform research, analysis, and documentation of all the transactions of the company.
- Perform strategic research and investigation like DCF, precedents, and comparable companies.
- Develop relationships with existing customers and discover new investors.
If you’re looking to take an Investment banking course and become an investment banker, these are just some of the responsibilities that you’ll have to undertake at the job. It will be wise to invest in investment banker courses that prepare you for such commitments.
Daily Routine of an Investment Banker
A day in the life of an investment banker can include a wide array of roles from research to meetings and calls, from financial modeling to preparing PowerPoint Pitchbooks. The daily routine of an investment banker is pretty hectic and something that investment banking courses won’t prepare you for.
Morning
Investment bankers usually wake up early at 7 or 8 a.m. and check their emails to see if they have to report early to work and to reply to other important emails. They have to reach their office on time at around 10 a.m. and report to their superiors to see if there is any pending work left from the day before and to check in to their work schedule for the day.
Afternoon
A lot of conference calls with senior bankers, clients, and lawyers are a part of the daily afternoon routine of this job. Usually, these calls revolve around Initial Public Offering (IPOs) and other important aspects of investment. The pages that need to be put in the IPO and the financial overview of the company are then decided by the investment banker based on these discussions.
Evening
Working on the pages, checking the draft, and working on errors is what the evening looks like for an investment banker. Making PowerPoint presentations is also a part of the evening routine. These pages have to be printed to be reviewed by an associate before approval. This may seem like a lot but any investment banking course will prepare you for this part of the job. The pages are then revised thoroughly and then sent to senior bankers. The senior bankers send their comments on the pages and the Investment banker has to edit, remove or add additional pages accordingly.
Conclusion
Investment banking courses can surely help you gain the knowledge you need to become an investment banker but you need to have a lot of patience to work under pressure if you want to excel at this job.
Professionalism, strong work ethic, excellent communication skills, are just some of the desired qualities that companies look forward to in their candidate for this job. You need to look for an Investment banker course that helps you build your skills in these areas.