banking and finance in Mumbai Archives - Finance, Tech & Analytics Career Resources

A Complete Guide on : Certified Investment Banking Operations Professional(CIBOP)!

Posted on October 16, 2023August 17, 2024 by Imarticus Learning

Does the word Operations conjure images of men in overalls with spanners or perhaps logistics?
To understand what we mean by ‘Operations’ go here. In this post, we give you some insight into how the program is different.

CIBOP has been created in conjunction with industry experts to ensure a syllabus that is relevant, timely, and interesting. In a short duration of 4 months, want to make sure that you have an in-depth knowledge of global investment banking and capital markets.

Our CIBOP course (Certified Investment Banking Operations Professional) is specially designed for candidates who are looking forward to building a career in the field of Operations which includes the Treasury & Clearing divisions in an Investment Bank.

This program will also have a whole host of guest lecturers that will provide students ample opportunities to interact with experienced senior professionals. You can ask questions, clarify doubts and get a glimpse into the career path you are embarking on. In a few months, you will probably be working with some of them!

The operations training program perfectly complements our personal development program (https://imarticus.org/certified-investment-banking-operations-program/) which ensures that you are well prepared for the corporate world.

We offer the industry-endorsed CIBOP certification and the CISI certified IOC (Investment Operations Certificate) on successful completion of this program. These well-recognized certifications will equip you for a worthwhile career within Investment Banking.

Your learning in Operations will include an all-inclusive exposure to trade lifecycle processes in the areas of derivatives and securities with a truly global outlook. Additionally, you will gain an in-depth understanding of each product and its workings from an operations perspective.

Please don’t hesitate to contact us if you have any questions. Call us on 81086 00055 or fill up a form here and we will get back to you.

About Imarticus
Imarticus Learning has been formed to bridge the gap between academia and the industry by providing knowledge and skill sets that are vital in today’s competitive working environment. ‘Marticus’ means knowledge and the ‘I’ stands for India, therefore Imarticus. We offer comprehensive industry specific training programs in various sectors such as financial services, healthcare, and logistics.

Common Capital Market Instruments That Are Profitable in 2021

Posted on October 20, 2021March 26, 2024 by Imarticus Learning

Capital markets are used by individuals and businesses to trade securities and debt. Unlike the money market, a capital market deals in buying and selling long-term debt. Investment bankers have deep knowledge about the capital market to help their clients in raising capital. Several capital market entities can be traded for generating capital.

Businesses hire expert investment bankers for knowing the best capital market instrument to invest in. If the right capital market entities are traded at the right time, it can generate revenue for long-term business goals. Read on to know the top capital market instruments that are profitable in 2021.

Equities

Equity refers to the portion of ownership that is to be traded. Selling equities to someone makes them a shareholder of the organization. An equity holder may not receive regular payments from the organization but can still generate income by selling the stocks.

When the share of an organization goes high, shareholders can exit the company by selling their stocks. Shareholders will also earn a commission from the profits made by the organization. In 2021, you can give ownership of a company to several shareholders to generate capital.

Bonds

Bonds are a type of debt securities that are issued by the government, companies, and municipalities. The bond issuer collects debt for a fixed period from investors and shareholders. Once the fixed period ends, the bond issuer has to repay the principal amount. Bonds can help companies in collecting quick revenue as investors prefer to give debt for a fixed period.

Debentures

Debentures are also a type of debt securities that do not include any collateral. The trade of debentures is done based on mutual trust as there is no collateral. Investors that are buying debentures from an issuing company also act as creditors of the company.

Derivatives

Underlying assets are used to find the value of financial instruments. Such instruments are called derivatives. The underlying asset that is used to calculate the value of derivatives can be bonds, stocks, or currency.

There are four types of derivatives that are forward, future, options, and interest rate swap. To know more about the four types of derivatives, you can go for capital market courses in India.

Exchange-traded funds

Many investors come together to create a pool of financial resources. Those resources are then used to buy capital market entities like shares, bonds, and derivatives. Exchange-traded funds are traded in the stock market and have features of both shares and mutual funds. Investors who have limited knowledge about the capital market can benefit from exchange-traded funds.

Foreign exchange entities

You can trade several capital market entities that are represented on a foreign market. Currency agreements and derivates are the common types of foreign exchange entities used by companies in 2021.

How to learn more about the capital market?

You can go for banking and finance online courses that follow an industry-oriented approach. Imarticus Learning is a well-known EdTech platform that can provide new-age investment banking courses.

The Certified Investment Banking Operations Professional course provided by Imarticus will cover many concepts of the capital market. It will offer tech-enabled learning to keep track of your course.

The investment banking course comes with a placement assurance and, you can kickstart your career in the industry. At the end of the online course, you will receive a certification from the London Stock Exchange which is globally recognized.

Conclusion

Businesses need capital market experts to generate revenue for long-term business objectives. With an online course, you can learn about the trade life cycle in the capital market and can earn a lucrative job offer. Start learning more about capital market instruments today!

Best Practices For Personal Financial Management At Different Stages In Your Career!

Posted on September 28, 2021March 21, 2024 by Imarticus Learning

Managing finances is something no person would ever be able to avoid. Technically, you may think that money management is for late adulthood. However, it is essential to instill good money management habits from the get-go.

An important thing about financial management is that its importance scales up as you age. This means that the ways in which you were to save up on your spending would differ drastically if you are in your early twenties or in your late sixties. Managing your personal finances becomes crucial and a Finance Career can help develop this managerial skill.

A New Age Banking Course provides all the education on self-financing. That’s why we have carefully curated these best financial practices for every stage in your career.

Money Management in your career:

Early-stage in your career:

The early stage in your career helps you lay the foundation of your life. It is seen that money management usually takes the back seat in this stage as people are driven by their wants. A good financial management practice would instigate you being driven by your needs instead of your wants.

Instilling the habit of saving up funds for emergencies or for the future while curbing on your ‘wants’ has proven to be a tried and tested strategy for financial management. If you are deciding on buying something expensive, try to think if you would use that product even 3-5 years from that time to check if it is a necessity or a luxury.

Reaching the happy middle point:

You typically would be in your late thirties when you would reach the midpoint in your career, and chances are you would be making a lot more money than when you had just started earning. However, your liabilities would also most certainly grow. You probably would be married and would have children to look after, marking the end of your carefree days. In such times finding yourself in financial peril is not uncommon.

We believe with rigorous routines and disciplined spending, you would be able to avoid all the hardships that life would throw at you. You should maybe expand your savings to cover a good chunk of time in case anything happens with your source of income. You should also try to have no mortgages, loans, etc., by the end of your forties. Along with your income from job, you should have a side investment pool like passive incomes that can help you sustain.

Also, starting a retirement fund would be a great decision at this stage.

Late career:

Typically, you would be in your fifties and considering your future options during the late-career stage, you could choose early retirement, or you could work even after retirement. You would probably be undecided at this stage. However, one certainty should be that you should have a surplus amount saved by now.

You should also have life insurance and other things in place to help your future generations as much as possible. At this point, one should also strive for financial independence. Even when you retire, you should have enough funds to see you comfortably to the end.

Conclusion:

Life is very uncertain. There will be some really amazing days and some not so good ones. While it is important to have fun, it is equally important to have monetary discipline. Ask someone with a Finance Career for help or check out a New Age Banking Course for personal financial development.

How to navigate the potential minefield of ‘Mergers and Acquisitions’ in the Investment Banking Industry?

Posted on September 20, 2021April 4, 2024 by Imarticus Learning

Most of us are aware that Investment banking is a division within banking that broker transactional relationships between corporations and governmental bodies and private investors. But mergers and acquisitions is another ball game.

In this article, we discuss how to navigate the potential minefield of M&A and what investment bankers do in mergers and acquisitions.

We also provide recommendations on the ways one can learn investment banking to improve their career prospects.

Mergers And Acquisitions: An Overview

There are several activities included within the ambit of investment banking such as underwriting, sale of securities, facilitating reorganizations, and broker trades. But, perhaps the most important function of an investment bank is the end-to-end management of mergers and acquisitions.

In simple terms, an acquisition is when a company purchases another and positions itself as the new owner. A merger is when two companies of equal footing join forces to become a single entity. For example: When Daimler-Benz and Chrysler merged in 1998, both firms ceased to exist and a new firm called DaimlerChrysler was formed with new stocks.

Similarly, there are other transactional activities that fall under the bracket of M&A. Some of the others are:

Consolidations, where a new company is created by combining the core businesses while abandoning the older structures. This is done with approval from stockholders of both companies.
Tender Offers, where a company buys the outstanding stock of another firm at a price different from the market price. Most tender offers end in mergers although sometimes the acquiring company continues to exist as a unique entity.
Acquisition of Assets, where one firm directly acquires the assets of another firm that has typically declared bankruptcy.
Management Acquisitions, where a firm’s executives purchase controlling stakes in other firms.

Companies keep acquiring other firms mainly for two reasons: eliminating competitors by acquiring them and growing by acquiring new product lines, intellectual property, and human resources.

What Investment Bankers Do In Mergers And Acquisitions

An Investment Bank’s role in M&A can be categorized into two buckets: seller or target representation and buyer or acquirer representation. The banker performs either of these two roles on behalf of his investment banking firm.

An investment banker undertakes and oversees the following activities in any M&A transaction:

Representing and guiding the acquirer in determining the value of the firm being acquired, structuring the offer, negotiating the deal on their behalf, and so on.
Representing and assisting the target company to determine the market value of the company, providing legal advice during the negotiation process, and broker the best deal for the sale.
Advising both parties vis-a-vis market economy, industry trends, deal structuring, market dynamics, and pricing.
Performing market research and using their network to connect the seller with the best buyers.

How To Be Successful As An Investment Banker

An investment banking job is a highly lucrative career path that promises long-term stability and growth as well as a hefty remuneration. Because of the high-stakes nature of the job, companies prefer to invest in candidates with high potential and a strong background.

To become an investment banker, formal education in finance is highly recommended. Most hiring teams in investment banks look for candidates with a strong aptitude in finance, law, strategy, and operations. Similarly, prior apprenticeship or internship experience in investment banks also gives a candidate a competitive edge over others.

Conclusion

If you are seeking a growth avenue in your career as a finance professional, then entering the world of investment banks is a wise choice. For a working professional, a good way to learn investment banking is by enrolling in an online MBA in Investment Banking and Equity Research degree.

Having an MBA will have a candidate earmarked for top managerial positions in the most prestigious divisions within investment banking such as M&A.

Ever Thought of A Career in New-age Banking? You Must Check This Out!

Posted on August 28, 2021April 2, 2024 by Imarticus Learning

In today’s technology-based world, digitization has become the focal point on which any industry revolves. People in the industry and consumers alike prefer the digital platform to conduct transactions due to their relative ease of access. In short, the industry as a whole is moving from the age of physical paper to the era of complete digitization, hence giving rise to digital consumerism.

Hence, it has become a compulsion that industries start to evolve in this digital field. The banking industry is no different in this regard. New-age banking is nothing but banking procedures becoming digital (referred to as digital banking). This has led to a rise in the introduction of newer digital services and wider diversification of existing services over digital platforms.

Why choose new-age banking as a career:

If you decide to start your career in new-age banking, you are bound to notice that banking has evolved to include multiple initiatives. The old systems of working in the industry are being revamped, and every skill that you bring to the table would be in demand.

One of the biggest advantages in this regard is working under MNCs, thus ensuring job safety, high salary packages, and off the roof benefits.

Apart from these monetary perks, you would also get to work in various roles and capacities, thereby making a wise decision from a long-term career perspective. Given the wide growth that the sector is experiencing, your progress will not be limited; you can achieve satisfying career progression, continuous learning opportunities, and community service goals all hand in hand—keeping aside the conventional fixed hours’ job that a banking job demands, you will be exposed to a great working atmosphere and work in other avenues even after retiring from the industry.

Opportunity areas new age banking offers:

New-age banking offers the best services in the areas of online lending, banking services, and Forex transactions. Today there are multiple opportunity areas in new-age banking, but the most key areas are personalized consumer banking division, IT systems and security, Commercial banking roles, Investment, and trust banking, fund management, accounting and administrative roles involving finance management, HR and PR resources, operation roles, and marketing roles in achieving new customers and advertising.

Skills required to be a digital banking professional:

Organizations prefer candidates who are really strong in finance management. Apart from this, other required skill sets like good communication skills, analytical thinking, problem-solving abilities, and expertise in financial management software are an added bonus.

On the academic front, you need at least a graduation degree, and an MBA is always recommended to further your career. Since some students of MBA are also working professionals, there are reputed institutions offering online MBA. You need to attend online and recorded classes and write online exams.

These distance learning classes are exclusively for working professionals. In MBA for working professionals, you get trained by renowned faculties offering industry-oriented specializations in finance, enabling workplace effectiveness. Other than an online MBA, you can also get into certification courses to understand Fintech, financial analysis, and get in-depth exposure to the new banking system.

Conclusion:

Every bank’s success always depends on the skills of its employees. Working in banking can be rewarding if you are ready to take on challenges every day. A career in digital banking is open to everyone if you are interested to learn and work.

Financial Analysis Data Tips for Beginners

Posted on August 26, 2021March 22, 2024 by Imarticus Learning

Financial analytics involves the process of evaluating a company’s financial data to assess its performance and recommend improved ways of moving forward. Today’s business environment is more competitive than ever. While finance forms a critical part of every business, companies need more than basic financial statements and reports.

They need progressive, predictive, and actionable insights that can help mould future business strategies and improve routine decision-making processes.

The sheer ability of financial analytics to address critical business problems has led to an acute demand for skilled Financial Analysts and courses for Financial Analysts.

So, here’s a beginners’ guide on financial analysis and where you can find the best Financial Analyst course.

Types of Financial Analysis

Out of the several financial analysis types, we’ll briefly talk about the three most important ones:

Horizontal Analysis

Horizontal analysis helps an analyst identify important trends and determine whether the company is growing or facing decline. It is done by taking financial data of a specific period and comparing them to calculate the growth rate.

Vertical Analysis

In this type of financial analysis, various components of the company’s income statement are divided by the revenue and expressed as a percentage. The results are then compared against those of other companies within the industry to evaluate performance.

Financial Ratios

Financial ratio analysis helps to track and make comparative judgments about the company’s performance. This quantitative analysis assesses a company’s leverage, liquidity, growth, profitability, margins, valuation, rates of return, and more.

Financial Statement Analysis

Every company creates and monitors the following three main financial statements:

Income Statement/Profit and Loss Statement

The income statement reveals a company’s revenue and breaks it down against the business expenses. In other words, it shows the company’s net profit or loss after incurring costs.

Balance Sheet

The balance sheet reports a company’s assets, liabilities, and shareholder’s equity at a particular point in time. It is the basis for calculating the rates of return and evaluating the company’s capital structure.

Cash Flow Statement

The cash flow statement summarizes a company’s cash flow from investing activities, operating activities, and financing activities. It shows a company’s ability to function in the short and long term based on the amount of cash flow into and out of the business.

Techniques of Financial Analysis

An organization’s financial performance can be assessed using a variety of analysis techniques. Here we’ll cover four common financial analysis techniques:

Comparative Financial Statements

This technique involving the income statement and balance sheet compares two financial statements from different periods in time.

Trend Analysis

In this analysis technique, metrics of one period are compared with another to reveal the financial health status of the company.

Statement of Changes in Working Capital

The total current liabilities are deducted from the total current assets to calculate the net working capital in this technique.

Common Size Statements

This vertical analysis technique helps in the comparison of two similar statements between companies or different periods.

Financial Analysis Best Practices

Identify critical business problems and work out how financial analytics can help.
Start with a small pilot program requiring minimum effort and investment.
Organize, structure, and manage data sources.
Continuously monitor and improve data and tools for increased impact and relevance.

Financial Analysis Prodegree Course

There are a lot of financial analysis courses available online. One of the more popular courses is the Financial Analysis Prodegree, in collaboration with KPMG. It is a 180-hour skill-building Financial Analyst Course covering financial modeling, accounting, valuation, corporate strategy, and equity research. One of the most rigorous project-based courses for Financial Analysts, it prepares individuals for careers across sectors like corporate finance, investment banking, and private equity.

What can Ad Hoc Financial Analysis do to Leverage a Business?

Posted on August 25, 2021April 2, 2024 by Imarticus Learning

If you have ever wondered what to learn in finance, then let us introduce you to ad hoc financial analysis. Business analytics in the earlier days saw static financial reports that relied on pre-built templates created by the IT department. Even though such reports present data in a standardized format and layout, decision-makers often require detailed information on specific data.

As a result, they had to keep going back to the IT or finance team to get a more standardized static report. It slowed down the analytics and reporting process and failed to offer consolidated data that could help solve challenging business situations. Now, that is where ad hoc financial analysis comes into the picture.

What is Ad Hoc Financial Analysis?

When you learn financial analysis, an important concept you will be introduced to is ad hoc financial analysis.

Ad hoc financial analysis is a review that is not pre-planned but is necessary to solve a pressing issue quickly. It involves preparing a financial report to analyze specific data that has not been considered previously or answer a particular business question that has not been addressed before.

With ad hoc analysis, decision-makers can extract insights they need without involving the IT department or requiring technical and coding skills. In addition, they are typically more visual than a static report and are ideal for non-technical users to understand.

Benefits of Ad Hoc Financial Analysis

Ad hoc analysis forms a critical part of financial analyst training and why not. It offers several benefits, all of which add up to a significant positive impact on the business.

Increased agility: An ad hoc analysis allows people across the enterprise to gather and examine data for answering specific business questions on demand. Hence, it speeds up decision-making to produce insights in a visually rich format.

Reduces workload of IT and finance departments: Since ad hoc analysis eliminates the involvement of IT and finance departments, the analytics and reporting process is expedited. Also, the IT and finance teams can focus on other daily tasks that require their attention.

User friendly: The sheer ease of using BI tools that facilitate ad hoc analysis and reporting makes it ideal for even the most non-technical user. Intuitive interfaces, dashboards, and single-use reports make the analytics as simple as it could ever be.

Customized Analysis And Reporting

Ad hoc analysis caters to a variety of business needs and helps in the preparation of customizable reports. Several BI solutions further ease the process by providing templates that limit data intake to only what is required.

Flexibility: Ad hoc analysis and reporting add a significant degree of agility and flexibility to an organization’s BI dashboards. Furthermore, ad hoc analysis and reporting tools let users easily navigate and extract relevant data to work with. Consequently, it quickens the process of gathering insights and presenting them in a format suitable for analysis.

Saves time and financial resources: The simplicity and functionality of ad hoc analysis and reporting tools eliminate the need for extra help with report creation and queries. Hence, a business can save valuable time, human effort, and finance that can be invested in other tasks.

Are you looking for a financial analyst course to build your skills in core finance but unsure about what to learn in finance? Well, there are a few esteemed courses that can help you take the first step towards your professional goals.

These courses should teach you job-relevant skills, including financial statement analysis, equity research, modeling and valuation, and transaction execution. It should have an industry-oriented practical curriculum with real-world projects. Along with mock interviews, resume building, and placement services, you may also need expert guidance and mentorship throughout the course.

Related Article:

How Do You Perform A Financial Analysis

What is Equity in Investment Banking?

Posted on August 23, 2021March 22, 2024 by Imarticus Learning

A career in finance may take many paths, including investment banking and equity research. But, you need to choose the best banking courses after graduation that can prepare you for various branches of business and finance. If you want to know about equity in investment banking, then you must first understand how investment banking works and why equity is important. So, let us begin by learning what is investment banking in simple terms.

What is Investment Banking?

Investment banking is a division of any bank or financial institution that serves any organization, corporation, or even the government. Investment banking provides these institutions or corporations with underwriting for raising capital or mergers and acquisitions, as well as other advisory services. The job of investment banks is to act as an intermediary between the investors and the corporations that are in need of capital to grow their business.

To understand investment banking better, you can choose any of the multiple investment banking courses in India available online. These investment banking courses will help you understand the technicalities of investment banking better.

You can check out the certificate in Investment banking course details to see if it is one of the best banking courses after graduation you can go for.

When paying the investment banking course fees, one should look for a program that gives an in-depth knowledge of the topic at hand so that the investment is not regretted later. Out of the many investment banking courses in India, only a few cover equity in investment banking. You can check out one such certificate in investment banking course details here.

What is Equity in Investment Banking?

In finance and banking, equity is more commonly referred to as the shareholders’ equity. For privately held companies, it may also be called owner’s equity. Equity is the value that is attributable to the owners of the business. It is the value or amount of money that the shareholders of the company would be returned in case the assets of the company are liquidated and all of the debt of the company is paid off in liquidation.

In the case of acquisition, equity is the total value of the company’s sales minus any of the liabilities which is not transferred during the sale. Shareholder equity represents the book value of the company. It is one of the most important pieces of data used by analysts to assess the financial health of the company.

There are two types of equity values:

Book value – It is calculated by taking out the difference between assets and liabilities on the balance sheet of the company.

Market value – It is determined by the current share price or estimated value of shares calculated by professionals.

When choosing what course to do for investment banking, one should zero in on a program that also teaches about shareholders’ equity in investment banking. This will not only give you a deep understanding of how investment banking works but also how equity operates along with investment banking and the difference between the two.

You should choose the program of the many investment banking courses that prepares you for the journey ahead in this industry and makes your Investment Banking career trajectory go higher.

Related article:

How To Become Equity Research Analyst

How Much Do Investment Bankers Earn in India?

Posted on August 20, 2021May 14, 2024 by Imarticus Learning

Do you know the average salary of an Investment Banker in India is from 12 lakhs to 13 lakhs, according to Glassdoor? The investment banking sector is growing at a 1.2% CAGR for 2018 to 2023. It is expected to reach a value of $78,008.7 million by 2023.

According to the Bureau of Labor Statistics, the demand for financial services sales reps is estimated to rise by 4% by 2029. This data is combined with attractive salary packages and a secure career. This positions investment banking as one of the most profitable and in-demand career choices.

In this article, we have revealed the salary of an Investment Banker in India. We have also covered the factors that influence it and the Investment banker’s salary in the US.

What does an investment banker do?

Investment bankers act as a bridge or intermediary between investors looking for investment opportunities and organisations looking for funding. The duties of investment bankers are divided into two categories: assessing a company’s financial situation and assisting it in meeting its financial goals. Investment bankers are responsible for analysing a company’s financial situation and capital requirements to offer a viable plan for meeting its financial goals.

Investment banker’s salary in India

The pay ranges from 3 lakhs to 1 crore depending on the skills, roles, designation, experience, job location, company, etc. But, the starting salary of an investment banker is better than many other professions, with initial pay of Rs.7-8 LPA. That’s why experienced investment bankers or Investment Banking Analysts can rise to higher positions fast. This is because their salaries rise quicker, and they earn higher paychecks.

Designation-wise salaries of an investment banker in India

Salary of an Investment Banking Analyst

This is the role assigned to people who’ve just graduated from business schools. Their tasks mainly include research and analysis of investment banking methods. A fresher with this designation would earn around Rs. 5 LPA on average. Also, an experienced candidate can earn Rs.6-7 lakhs.

Package of an Investment Banking Associate

This role is an upgrade from the role of a Banking Analyst. The duties involve the analysis of business strategies. They act as an intermediate between junior analysts and senior officials. The average salary for this role lies between Rs. 7 lakhs to Rs.10 lakhs.

Pay of a Business Analyst

This role is similar to the role of an Investment Banking Analyst. However, the difference here is that the focus shifts to business strategies such as profit optimisation and asset management. For this profile, a candidate would earn between Rs.6 lakhs and Rs.7 lakhs.

Remuneration of a Financial Manager

Being a high-profile role, financial managers mainly oversee a company’s financial health. They audit financial reports, analyse investment activities, and work out long-term financial goals for the company. Also, they use tools to analyse the data. A financial manager in India would earn around Rs. 10 lakhs on average.

Compensation of a Financial Director

The role of the Financial Director is a senior one, as they are leaders of senior executive teams. And their primary responsibility is to frame financial policies. They also make the proper process to meet a company’s business requirements. In addition, they oversee operational and strategic ongoing at the company. So, a Finance Director can have a starting salary of around Rs. 20 lakhs. With an experience of 4-5 years, one can earn anywhere between Rs.45 lakhs and Rs. 50lakhs.

Factors affecting Investment banker salary in India

In India, the average investment banker’s salary is significantly higher. But, to determine the exact pay, you must understand the factors that influence the salary of an investment banker.

The below-mentioned factors affect the salary of an investment banker.

Skills

An investment banker’s most essential skills are financial analysis and modelling expertise. Along with this, the knowledge of mergers and acquisitions plays a critical role too. The ability to work independently is also an essential skill to succeed in the investment banking field.

An understanding of deal structuring and closing principles is essential. Having excellent communication and networking abilities play a vital role. In addition, the ability to conduct research, be quantitative and analytical and explain market events.

Location

Few cities have a higher demand for investment bankers, causing average pay to vary significantly. But, depending on the cost of living, some cities pay comparatively less. Surprisingly, Mumbai (84% higher than average), Pune, and New Delhi pay 4% higher than average. So, these cities are the best locations to work as investment bankers. But, some places offer lower salaries to investment bankers, like Bangalore, Hyderabad, and Chennai.

Work Experience

More experience results in more gain in the field of investment banking. The average salary of one to four years of an experienced investment banker is Rs. 9 lakhs annually. However, bankers with five to nine years of experience earn around Rs. 20 lakh per annum. With an experience of around ten years, professionals can earn approximately Rs 30 lakh per year.

Companies

Some banks and companies are paymasters, while others pay less. So, investment bankers prefer firms such as Morgan Stanley and Goldman Sachs. Other liked banks are Barclays and J.P. Morgan. Investment bankers are generally paid well by most firms. However, you should not focus only on the package. The profile and work are deciding factors in rejecting or selecting a company.

Investment banker salary in the US

The United States pays well to investment bankers. It consistently ranks first in terms of compensation for its investment professionals. Furthermore, cities such as New York reward their professionals besides the salary. It offers valuable and lucrative benefits.

How to start your journey as an Investment Banker?

Before entering any sector, gathering knowledge about the industry, scope, career growth, and job opportunities are always good multitool. The second step is to equip yourself with the knowledge and skill set to become an investment banker. For this, you should get enroled in an institute and learn investment banking concepts.

An institute that offers excellent knowledge, expert faculty and an industry-oriented curriculum will be lucrative. But, if they provide career assistance and interview preparation, that will be the cherry on the cake So, try to find an institute that offers all these and then invest your money.

Apart from this, having a good network also plays a significant role in getting you to start your career as an Investment Banker. For that, you can do an internship with top companies and work hard. Moreover, during the internship, you can learn industry concepts and how to behave professionally.

Conclusion

In conclusion, careers in investment banking training usually offer good salaries. However, they are exclusively bagged by candidates with the best academic backgrounds.

Hence, candidates must work hard. They should try to graduate from a top educational institute. Also, they must know how to reap the benefits of their effort. And, plan a financial career properly to take up the role of an analyst.

Job Skill Readiness in Today’s Market: Banking and Finance

Posted on August 12, 2021 by Imarticus Learning

The banking and finance sector, as a career choice, can be very rewarding. Hence, this field is competitive. This sector comes with a plethora of career opportunities.

Hence, while looking for career options after a banking course, you might want to take a specialized certificate course in banking and finance or a PG diploma in banking and finance. But what are the skills that will make you a standout candidate and boost your career options after a banking course? Let’s discuss.

● Analytical Skill

To identify trends, patterns and find out definitive conclusions from the data you’re dealing with, you’ll need profound analytical skills. You need to know what and why you are looking at the given data set and also how to draw a conclusion out of it.

● Accounting knowledge

Your role may not be that of an accountant, but the knowledge to understand accounting transactions and applicable accounting regulations will be important. In order to provide financial advice, you’ll need to frequently and comfortably discuss financial statements.

● Technical Skill

The majority of decision-making is nowadays based on data analysis. Therefore, to create and understand the data, to discuss with other stakeholders, to find any information, and basically to perform most of the day-to-day activities, you’ll need to be tech-savvy.

● Numeracy skill

Some employers ask for a numerate degree such as mathematics, statistics, or economics. Even if your role may not directly need this skill, in a sector that is all about numbers, it’s a handy skill to have.

● Market awareness

Your ability to anticipate financial trends and upcoming business development can make you a stand-out banker. After all, based on these predictions, the bank either decides to expand or protect a particular area. Moreover, when you are working with a client from a different industry, it’s mandatory to know everything about the risk, potential change factors, and climate of that industry.

● Attention to detail

Especially in the banking and finance sector, attention to detail is a must-have skill. This could be to notice a trend or while preparing a complex report and, most importantly, to avoid simple mistakes. In this sector, the simplest of mistakes could cost billions of dollars to the organization.

● Communication skills

Communication is a key skill. In banking and finance, you’ll need to both listen and explain. While understanding and explaining work to a client with non-financial background, or while professionally writing or presenting work to higher management, the way you communicate will leave a big impact.

● Work Ethic

This sector is not for the lazy. Especially in the first few years, your working hours will be brutally stretched. If you don’t possess an unremitting work ethic and extreme hunger to progress, this career may not be right for you.

● Stress management

Stretched working hours, high pressure, and high expectations bring a lot of stress. In order to become successful or even survive, you should have a higher tolerance for stress.

● Organization and time management

Even with proper organization and time management, because of extreme work pressure, professionals need to work for longer. Extreme work pressure makes this skill absolutely essential in this sector.

Life in the banking and finance domain is not for everyone. Though the rewards are good, you need to sacrifice a lot to reach there. However, it remains a great career option and you can get a rewarding post after a banking course from reputed institutions. A certificate course in banking and finance and also a PG diploma in banking and finance can help you explore a number of career options after a banking course.