Investment Banking and the basics to do with it

Investment Banking and the basics to do with it

An Investment Banking Career is something that has since time immemorial been looked upon as something very respectable and something that comes with a lot of influence. That holds true as well, why wouldn’t your treat the financial expert who is helping your company or even bureaucrats at the government level for that matter to raise capital. It is their job, to provide the ins and outs of a second enterprise, how much of their necks are above the water & would it even be a profitable endeavor to spend money buying a brand. In a nutshell, they are the fund getters for anybody, who get in touch with the venture capitalists and show the value proposition in putting the money where ones’ mouth is.

Educational Requirements

Over the period of time, people have come to realize that an Investment Banking Career wouldn’t be possible without procuring a degree in a rigorous course at an undergraduate level. It has been noticed that those who make it, pursued their degrees in finance, business or accounting. Others even had credentials ranging from physics, mathematics to economics. But if you plan to make it to one of the best banks in the world, then a top rated, perhaps an Ivy League College should be your dream destination. On top of which summer internships coupled with recommendations most certainly help.

A Masters in Business Administration does help the cause to jump on board for an Investment Banking Career. Moreover, in recent times there have been individuals with professional backgrounds in brokerages, accounting firms as well as commercial banking that have successfully transitioned to investment banking.

Certification Exams

IB as a field is so vast & substantial that, as far centralized exams are concerned there’s only one which the employers take notice of. And that is The Chartered Financial Analyst. The CFA though does not have official classes but interested candidates need to prepare for the annual exams on their own. An average 300 hours of study is required for every exam. People generally take from 18 months to 4 years to clear all the three levels of the CFA exam.

Salary

The professionals in this field are among those who are most handsomely compensated in the financial industry. people with a bachelor’s degree could and one-year experience as analysts could expect to earn as much as $100,000 – $150,000. Those with an MBA can take home anywhere from $150,000 – $250,000. Third year analysts can rake in $260,000 – $500,000. If one is a department head, then they are certainly employed at the rate of $800,000 to $70 Million including bonuses. VPs are paid in the vicinity of $1 Million.

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