Picking investment banking as a career

You should know, investment banking is one of the most prestigious jobs you could have on Wall Street. Along with being a coveted and rewarding position, it is also known to be equally challenging and stressful. So, what exactly does an investment banker do? As one, you’re expected to help clients raise capital to fund their activities and expand their businesses while acting as a corporate financial adviser.

 

If you’re interested in picking investment banking as a career choice, here’s what you need to keep in mind -

• Make sure it is the right job for you.

An investment banker comes from several different, with experience in different fields that exist in the financial service sector, and may use their transferable skills to join other related professions down the line, possibly moving into an analysis, trading or a structuring/development post. However, certain traits are common among young appliers, usually graduates - that is the ability to handle a potentially stressful job.

• Pick the right i-banking career

Even in the field of investment banking, it is further divided into certain aspects that require different skill sets and personal attributes. On the operational side, you’ll need to be good with numbers for processing and settlement of transactions. Whereas on the corporate side, you’ll be providing financial services to other companies and organizations. The services include asset and wealth management, mergers and acquisitions etc.

• Degrees, Internships and Networking Events

Once you’ve picked the right career for you, it’s time to act on it. Most investment banking firms in India would look for and expect a Bachelors degree. While this doesn't necessarily have to be in a subject related to finance, it does require a strong maths focus - like in a subject such as economics or business/management. Once you’ve gotten your degree, you should start looking for firms you can intern at, gain experience. Find out everything you need to know about the top investment banking firms in India and what they require in your CV, and apply accordingly. You should also attend possible events that revolve around investment banking and finance, as they’re a great place to network and keep in touch with your peers.