Choosing an investment banking career can be extremely rewarding professionally as well as in financial terms. The investment banking career path not only leads to a well-paying job but also provides great exit opportunities as you progress in your career.
An investment banking career is a trendy choice among candidates looking for a job in the finance sector after completing their studies at the university or among those who want to build a formidable career in the world of finance. However, when you choose a career in investment banking, you need to remember that this can be a demanding field and a profile in investment banking entails a lot of responsibility.
Investment banking courses can help you polish as well as hone your skills and expertise and qualified candidates can enjoy lucrative salaries as well as impressive job titles. If you are planning to choose an investment banking career path, then the guide below will help you gain meaningful knowledge regarding this job profile and why it can be a good choice for you.
Who is an Investment Banker?
Investment bankers are professionals working in the field of finance who help clients with major financial decisions including mergers and acquisitions as well as raising capital. Investment bankers make key financial decisions based on their industry expertise, analytical skills as well as persuasive communication abilities for best results.
An investment banking career includes working and providing corporate financing services to clients including large corporations, start-ups, and sometimes even government organisations. Investment bankers are significant contributors to the financial growth and development of a company, organisation, or any other corporate entity.
Is Investment Banking a Good Career?
There are several benefits of choosing an investment banking career and the list of prominent benefits listed below will help you decide if investment banking is a good career for you.
- Lucrative and competitive salaries
- A wide range of positions to choose from
- Great opportunities to climb the corporate ladder
- Job security
- Great job benefits like disability insurance, medical insurance, paid time off as well as sick leave
- Career development opportunities
There are many candidates who choose the investment banking career path purely for financial reasons while others are drawn by transaction technicalities and the thrill of deals and high-stakes discussions with influential people like CEOs and board chairs. There is no doubt in the fact that investment banking is a financially rewarding job option and holding a title in this sector can be extremely competitive and prestigious. Given the money, status, contacts as well as skill set acquired by investment bankers, this is a popular career choice for many job seekers.
Investment Banking Career Path
If you are planning on pursuing a career in investment banking, then a bachelor’s degree is a minimum requirement to start a career as a banking analyst. However, to climb the corporate ladder promptly, pursuing reputable Investment banking courses like the Certified Investment Banking Operations Professional (CIBOP) program by Imarticus Learning can be a smart choice.
Take a look at the typical investment banking career path progress given below.
- Analysts: This is an entry-level position and analysts provide support to banking associates and bankers in different areas like private placements, valuation, equity, and debt as well as mergers and acquisitions.
- Associate: Associates take care of communication with the clients and are responsible for preparing cash flow models and draft memorandums. They ensure a high level of efficiency and satisfaction when it comes to dealing with the client.
- Vice President: Vice presidents design financial models for the company and manage employees and teams working under them. They are responsible for communicating the progress of transactions or deals to their clients.
- Director: The director works directly with clients and assists and guides them on important transactions like capital raising, mergers, and acquisitions. Directors are responsible for strategy design for the reallocation of resources for clients as well.
- Managing Director: This is the top position in the investment banking career path. A managing director is responsible for building relationships with clients and generating revenue for the firm.
Conclusion
An investment banking career can be truly rewarding if the field of finance holds your interest and it also has the advantage of exceptionally high salary, bonuses, and remuneration as well as status and reputation. However, before choosing a career you need to think carefully and make a choice depending on your interests and passions as well as your skill set.
Imarticus Learning can help you kick-start your journey as an investment banker through its Certified Investment Banking Operations Professional (CIBOP) flagship industry-approved program. This program can transform you into an investment banking operations expert and it also comes with a 100% Job Assurance.
