Investment bankers generally raise capital for firms, governments, and other financial entities. To work as an investment banker, students can also seek an MBA in Finance or a Chartered Financial Analyst degree. Investment bankers shall be Chartered Accountants or students pursuing CA certification. An investment banker with more than 22 years of experience can earn up to INR 30 LPA. A investment banking jobs allows for rapid promotion and large pay raises. Investment bankers earn between INR 7.50 and 11 LPA on average. Students with an MBA in finance are more likely to work in the IB industry.
Who is an investment banker?
An investment banker is a highly skilled specialist who provides a variety of financial services to firms, governments, and investors. They help companies secure business loans, issue stocks, and bonds, fix security prices, raise stock capital, allocate resources, negotiate mergers, and manage investments. They act as an intermediary between private or public companies and investors. They would offer financial advice and recommendations on the types of securities to issue, such as stocks and bonds, as well as when and how to issue them and what price to set for each instrument.
What is investment banking?
In general, an investment bank is a private company that provides financial and other services to businesses, individuals, and governments. It provides services such as underwriting financial resources and acting as the client's agent in the issuance of securities. It may also aid firms in mergers and acquisitions (M&A) as well as other ancillary areas like derivatives and equities securities trading, market making, and FICC services. An investment bank, unlike a commercial or retail bank, does not accept deposits.
The Significance of Investment Banking in India
Many young millennials are drawn to this area of employment because of the prestige and potential earnings, but this should not be their major incentive. To be innovative, people who work in investment banking must be practical and think outside the box. The following are some main motives why investment banking jobs in India could be a good career choice:
- One wonders what skills they will learn as an investment banking analyst, such as Excel and financial modeling.
- One is curious about high-profile transactions, financial markets, and how companies make financial decisions.
- One can thrive in a fast-paced, long-hours environment.
How you can become an Investment Banker in India After the 12th?
The goal of investment banking jobs in Delhi is to act as an intermediary between a company and its investors. They help firms, governments, and other investment banking institute in Delhi raise funds. The five steps listed below are addressed in detail:
Step 1: Pass the 12th-grade board exams-
Applicants for investment banker positions must have finished their upper secondary education (10+2) with a minimum aggregate score of 50% or an equivalent CGPA from a recognized board. Applicants for the 10+2 board exams can choose from arts, commerce, and science disciplines. Yet, studying mathematics, accounting, economics, business, and computer technology may be more useful in the commerce stream.
Step 2: Obtain a bachelor's degree in a relevant field-
A three- or four-year bachelor's degree is required for an entry-level career with an investment bank. Bachelor of Commerce (B.Com), Bachelor of Arts (B.A.) in finance, Bachelor of Arts (B.A.) Economics and Bachelor of Business Administration (BBA) Finance are some of the top options for a career as an Investment Banker.
Step 3: Get your Master's degree-
For aspiring investment bankers, a two-year Master of Business Administration (MBA) in financial management is a highly sought-after postgraduate degree. Individuals interested in becoming investment bankers can also earn a Master of Science (MS) in finance. The National Stock Exchange (NSE) Academy offers postgraduate programs in investment banking and capital markets, banking and financial planning, business analytics, and management accounting that last 6 to 9 months.
Step 4: Acquire Certification
A professional qualification, such as the Chartered Financial Analyst (CFA), can help candidates advance in their careers as investment bankers. The CFA program offers comprehensive and practical financial and investment banking courses. After completing their bachelor's degree, candidates may apply for this program. The course could range from one to four years.
Step 5: Search for Investment Banking Internships-
Investment banking internships can be found on job marketplaces such as Indeed and bank websites, along with through campus placements, networking, and HR consultants. Internships in investment banks might range from two months to two years. Candidates may learn to improve their communication, presentation, and bargaining abilities in addition to financial training. They may be offered a permanent career as an investment banker based on how well they perform throughout their internship.
Qualifying Requirements for Becoming an Investment Banker in India
The following are the requirements for becoming an investment banker in India.
- A Bachelor's degree in Finance, Accounting, Economics, or Mathematics is required.
- Investment banking is also open to students with degrees in computer science, liberal arts, or physics.
- To be considered for high-level positions, they need to have completed the Master of Business Administration (MBA) in Finance and the Chartered Financial Analyst (CFA) degree.
- A law degree or a master's degree in financial mathematics is also advantageous for employment in investment banking.
- The grades in candidates' Bachelor's or Master's programs also affect their eligibility for investment banking.
- They must have obtained at least 55% in the qualifying exams.
How long does it take to become an investment banker in India?
It could take up to seven years or more to become an investment banker. After passing the 10+2 exam, it normally takes 3 or 4 years to get your bachelor's degree. Following that, you can enroll in a two-year master's degree program. A doctorate will take you another 3 to 6 years to accomplish. Additionally, obtaining qualifications might take anywhere between 6 months and 4 years.
Courses to Consider for a Career in Investment Banking
Investment banking is a highly competitive field. Completing a professional program in a highly relevant field qualifies a student for employment. Check out the following popular Investment Banking courses to consider:
- BCom Hons
- BA in Finance
- BA Economics