Everyone is aware of how lucrative the Finance investment banking industry is. Jobs at the entry-level frequently pay six figures. Tens of millions of dollars are made annually by senior investment bankers. It takes a variety of qualities to succeed in this business, including education, desire, tenacity, talent, experience, contacts, and occasionally a little luck.
The steps for ascending to the top of the investment banking industry are as follows:
- Earn a post graduate diploma in banking or a bachelor's degree in finance, economics, or business from a prestigious university.
- Obtain a graduate degree, ideally an MBA.
- Get an internship with a prestigious company for hands-on experience and a chance to wow potential employers.
- To find a job, network a lot.
Obtain a college degree
Entry-level positions at investment banks often require a college degree in finance or economics. Banking and finance course are part ways to earn Business and accounting degrees which are also frequently obtained. While it is true that liberal arts students can find employment on Wall Street, if you have your heart set on a career in investment banking, sticking to the conventional disciplines of study that are most closely related to your professional aspirations will increase your chances of success.
Pursue an Advanced Degree
While you can get employment with only a bachelor's degree, earning an advanced degree can also help you grow your career. Your appeal may be increased by having an advanced degree in math or a Master of Business Administration (MBA). A chartered financial analyst (CFA) designation may also be beneficial.
How can I become an Investment Banker?
Investment banking job development is a multi-step process that requires education, ambition, networks, hard effort, and occasionally smart work. Therefore, if you are sufficiently inspired to pursue a profession in investment banks, proceed reading the following points:
Career Roles: Analyst, Associate, VP, Director, and Managing Director are the roles in investment banking (in order of increasing seniority).
Eligibility: Although investment bankers can come from a variety of backgrounds, having exceptional mathematics skills is crucial. Candidates with a bachelor's degree in finance, accounting, economics, or mathematics would be preferred. However, candidates from other disciplines, such as computer science, the liberal arts, or physics, can also follow this route. Analyst positions only require a bachelor's degree for entry-level positions; however, higher levels typically demand an MBA or a CFA. A master's in financial mathematics or a law degree might also be beneficial.
Internship: An internship is a fantastic method to learn the fundamentals of a career in investment banking and build a professional network. Candidates who are knowledgeable about investment banking's specifics may find it beneficial. When considering a job in investment banking, connections are extremely important.
Top Employers: To become a banker, candidates must first focus on getting their education straight before focusing heavily on networking while still in school. From prestigious business schools, central investment banks hire analysts, colleagues, and former interns. Therefore, the only thing you can rely on is relationships if you are not a graduate of a prominent B-school or were unable to secure the appropriate internship.
Courses to Consider for an Investment Banking Career
Investment banking is a fiercely competitive industry. A student becomes the ideal candidate for work once they have completed a professional programthrough aninvestment banking course in Gurgaon in a highly connected field. Check out these popular investment banking courses you might be interested in:
- B.Com Hons
- BA Finance
- BA Economics
Finding a job is a crucial step in the right direction after acquiring the best education, selecting your major, and networking like crazy. The following obstacles are maintaining the position and rising through the ranks. You'll need to put in regular 80+ hour work per week to keep your employment. You're going to have to put in some effort if you want to ride in a Ferrari, drink champagne, and go on vacation to the French Riviera.