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:
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.
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.
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.
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.
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.