Questions Personal and Family

How to become an investment banker?

Airtract

Mary E Graham

Simplicity is the key to happiness

You must have heard about an investment banker and how it is a very prestigious job to hold, but if you are not clear on the details then we are here to help you out: 

Who is an Investment Banker?

The first thing you need to know is that an investment banker works with municipalities and corporations through an investment bank. These entities aim to raise capital to fund their actions. So an investment banker works to find buyers or underwrite securities in regards to stock and bonds to raise the money for the needs of the organization in question. 

What do they do?

Along with underwriting securities, as stated above, they also help corporations navigate various complex processes like mergers, acquisitions, and initial public offerings among the few. To do this successfully, they need to know the legal requirements and the financial markets. 

What education is ideal to become an investment banker?

Keep in mind that a bachelor's degree is the most minimum educational qualification which is required to be an investment banker. You can get an entry-level analyst job with this degree. Having a master's degree will certainly help in moving forward and getting the right positions faster, but it isn't a requirement. 

Which degrees are preferred?

Investment banks tend to lean towards degrees in business administration, accounting, finance, and other such business disciplines. If you have a master's degree in the above subjects, then that will take precedence over the undergraduate one. 

How to get into investment banking?

  • Internships
    Most of the investment bankers begin their stint in the industry by participating in internships with various investment banks when they do their undergraduate studies. This is an excellent way to get your foot in the door. 
  • Work your way up
    After getting a bachelor's degree; people start off working in the industry. They generally start with conducting research and producing various analytical reports for the upper echelons of staff members. It is a good way to build experience. But if you don't make it into an investment bank on your first try, working in a financial organization makes for a good experience as well. 

What certifications are necessary?

While professional certifications aren't required to get started, but having a Chartered Financial Analyst (CFA) designation, awarded by the CFA Institute will help you get on your leg easier. 

Investment banking is a lucrative field and is being opted by many currently.

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