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How to Get into Investment Banking?
Posted: Mar 15, 2021
If you are looking to get into Investment Banking, you have probably heard the name before. This is a pretty complex industry and there are literally thousands of jobs available.
You can specialize in a number of areas, like international banking or insurance or even in something as simple as investment securities trading.
What Do Investment Bankers Do, the truth is that this industry can be quite diverse and it is a good thing that there are many job types within it.
A good example is venture capital, which refers to private Investors. There are also banks, brokers, investment management groups, and private equity firms that all fall under the Investment Banking umbrella.
Investment Banking is exciting because it is a dynamic and fast-changing field. It is also highly-specific, costly, and unstable.
But yet, many well-educated and ambitious young people manage to get into investment banking, global finance, or securities finance.
One way for you to prepare for your future career is to get a solid grounding in the things like accounting, finance, economics, statistics, finance law, and business theory.
You may also want to consider taking classes like Real estate investment finance, public finance, investment banking, and business administration.
If you want to be successful in investment banking, you need to have at least an associate's degree or bachelor's degree.
At the minimum you should have a CPA, but some jobs also require a master's degree, even if the opening doesn't require one.
Plus, keep in mind that you will also need to take additional courses like foreign language, business law, financial accounting, landlord and tenant laws, economics, information technology, personal finance, project management, security, and more.
A good non-targeted list of things to include on your curriculum vitae can be found online at the National Association of Personal Financial Advisors.
What Qualifications do you need to be an Investment Banker?
Investment Bankers is people who work in the financial industry as brokers or in investment banking firms.
A person having the basic education and training can apply as an investment banker; however, having a degree from a prestigious university or a College will be more highly regarded and might even lead to better career opportunities.
Investment Bankers usually supervises or handles the day-to-day financial activities of clients, identifying investment risks, finding investment opportunities, and negotiating for a favorable deal with other financial institutions.
There are several Investment Banker qualifications that can be achieved, depending on the investment banker agency or bank one is working with.
Some of the most common qualifications for an Investment Banker are being a graduate of a reputable college/university, having significant experience working as an investment banker for many years, possessing excellent communication skills, great money management skills, and above all, the ability to keep up-to-date with all the latest investment news, trends, and investing techniques.
In addition to these basic qualifications, there are some other investment banker qualifications that you may want to consider, depending on the type of work that you are looking for.
Some of these qualifications include being a member of the National Association of Securities Dealers (NASD) or the Securities Industry Regulatory Authority (SIRCA),
being licensed by the appropriate regulatory body in your state or the country you plan to work internationally, being in possession of a global portfolio, or being in possession of a CPA license.
It is very important that potential investment bankers complete a comprehensive application, including a resume, cover letter, and any required international certifications.
If an investment banker has all these necessary documents in place, he can expect a positive response from prospective employers. If an individual applying for a position is successful in his application, he can expect to start work within six months.
Investment Bankers can make a lot of money if they are good at their job. However, it is also a vital requirement for an investment banker to have a heart for the business and to enjoy working in finance.
Investment banking can be quite risky, but the upside is considerable, especially when an individual becomes adept at the craft.
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