Last updated on July 19th, 2024 at 05:45 am
Investment Banking is a high-profile job and investment banker salary is one of the highest in the finance industry. This lucrative job is challenging for a fresher due to the limited number of domains.
A course in investment banking can help you earn an attractive starting investment banker salary in India, though more is needed to compete with other high-profile jobs in the market. Yet, it is easier to climb the salary ladder once you have developed the required skills and proven competence in this demanding job.
Investment banking in India
Foreign banks dominated investment banking in India until the 1970s when an Indian bank entered the picture. Investment banking is a complex segment of the finance mechanism worldwide that provides various kinds of financial services.
Why is Investment Banker Salary in India High?
Because of this complexity and its crucial role in business success and corporate profits, handling such services requires specialized skills.
Not only does it need skills, but extreme knowledge of the field to understand the changes and the ability to make rapid decisions as well.
Such demands in the banking and finance sectors opened up the way for a list of job roles such as investment banker or financial analyst. As the job has a complex nature, it’s clear why is investment banker salary so high.
The starting salary
Investment banking jobs offer not just a salary but also bonuses and other incentives according to performance. Effectively, the starting investment Banker salary in India could be anywhere between 2.5-4L per annum.
This salary can grow faster if an MBA degree or other additional degrees or certification courses are added to upgrade the skills. Moreover, experience also matters and holds a higher value in determining the onward investment Banker salary. It is also an opportunity for more leadership roles and quicker promotions.
At the same time, the job has its share of cons, such as being stressed with longer working hours, being vulnerable to market trends, and having fewer opportunities for a quality life away from work. But in the long run, all of these are easily rectified with a better investment Banker salary.
How to make a career in investment banking?
The bare minimum qualification to be a banker is a degree in commerce, finance, or economics. An MBA in finance, degrees such as CA, programs such as Chartered Finance Analyst, or anyone who has undergone an investment banking course in India is also eligible for this job. The more degrees or certifications, the more attractive the profile would be.
In addition, more expertise in mathematical and analytical skills, along with knowledge of Excel and PowerPoint, will help. Having an idea about the Financial Model is also needed, as that gives extra points to the resume. As mentioned, these added skills lead to a better investment Banker salary, even if it is entry-level. There is no single investment banking course to prepare for the list of job roles; instead, there are several certifications and programs to train candidates on the right path and beyond in their careers.
Conclusion
Completing an investment banking course is the beginning of the road to this career. It will provide eligibility for the first step, which is an internship to get hands-on experience. Post that, getting into a leading company as an analyst will open up the door to a lucrative career. Though the courses and certifications would only add to the prospects, the key to a successful career is a natural aptitude for finance and mathematics with an analytical mind can be a banker. One may just need a slight push in the right direction.
