Introduction to Career in Investment Banking
Banking is a term that is associated with all of us and with our daily lives. Money flow from one bank account to another is generally considered as banking in laymen’s terms. At this time, Everyone has a bank account, and after the government’s “Jhan Dhan Yojna”, the unorganized and other categories who did not have bank accounts also applauded to open bank accounts. Now, if we talk about the Career in Investment Banking, it is as simple as the formula of water, so Investment Banking is defined as the process in which bank and other firms who are in the financial market lend their money to the big companies so that they enhance their business.
Assume one person runs a company and wants to enhance its business by taking over another firm or any other mode, but he did not have as much to explore his business. Here the role of financial investment firms came, that person can directly approach the firms, and after discussing his plan to investment firms, he takes as many loans as much required. Financial firms known as investment banks do this task through their representatives known as “Investment Bankers”. Which is the reputed post in the finance sector?
Education Required for Making Career in Investment Banking
Financial firms Hire educated and skillful persons for this job. So to get a Career in Investment Banking one must be well educated Because this is related to the matter of money which require higher responsibility.
So the education required to make a Career in Investment Banking is as follow:
- A person should have a graduate degree in B.COM/M.COM.
- A person with a dual degree in Bachelor of Commerce and LLB is appreciated.
- Good communication and interaction skills.
- Decent knowledge of finance is appreciated.
Career Path in Investment Banking
The financial sector is the most growing sector in India because, as we all know, India is a developing economy, and every minute, a new project is approved, which means the flow of money in the market also increases. So, where the business and money-related matter came, Investment Bankers came on the scene.
Some points which supported the above lines are:
- Government is more interested in the process of Decentralisation at this time, which results in the merger of banks and privatization of banks and Public sector undertakings which gives the bedrock to Investment Banking.
- Due to high FDI (foreign direct investment) in the country and other investments in the market, the need for investment bankers is increased because the investment-related matter required a skillful person who has good knowledge of all that matters.
- The demand for investment bankers is also increased day by day because so many investment banking firms are setting their business in the market.
Job Positions or Application Areas
“Investment Banker” is a good career, and also the rate of promotion is very high; here are the hierarchy and job positions in investment banking:
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|
Experience (Years) |
Position |
|
0-2 |
Relationship Executive |
|
2-4 |
Senior Relationship Executive |
| 4-6 |
Associate Manager (Investment) |
| 6-10 |
Senior Manager (Investment) |
So, with more experience, one can reach a higher position in the organization.
Some of the options for the application areas for a Career in Investment Banking are:
- An investment banker for the Real Estate business.
- An investment banker for Manufacturing and other industrial units.
- An investment banker for the corporate sector and IT companies.
Some famous giants in the investment banking sector are as follows:
- CITI
- ING
- KIMCO
- STARWOOD
- FRISKA
- AIG
- BARCLAYS CAPITAL
- DEKA
Apart from these firms, there are many other giants in these markets who open handily welcome the finance graduates.
Salary
The investment banker is a prestigious job and provides respect and a good career. Finance-related representatives are always respected in the market because where the matter of money comes to respect and class is there already. So the giants and other firms which recruit investment bankers provide a decent salary and other allowances.
Some details regarding the salary in the market at different positions are as follows:
|
Position |
Salary (Per Month) |
|
Relationship Executive |
18K to 25K |
|
Senior Relationship Executive |
30K to 40K |
|
Associate Manager (Investment) |
50K to 65K |
|
Senior Manager (Investment) |
75K to 90K |
Apart from the salary, the investment bankers are also getting the commission when the deal is finalized. The commission may vary from deal to deal. So the salary is not a concern in the field of the investment market.
Career Outlook in Investment Banking
The investment banking sector is growing day by day due to the hike in investment in different new and old projects in the market. Many government and other reports show that the opportunities will arise in investment banking in the upcoming time because of the inflow of new projects in the market, due to different schemes of the government like Stand up India, Make in India, and other entrepreneurship programs which empower the people and youth to become a job giver instead of job seeker by establishing their own business. So these things clearly demonstrated that the scope and employment are investment banking is rising and will continue to rise in the future.
Conclusion
The banking sector is the backbone of every country because a strong bank is a sign of a strong economy. Also, the Gross domestic product (GDP) of a country relies on the investment and the business in the territory of a country, so it is not odd to say that investment banking directly influences the GDP of the country. So the investment bankers who are the representatives of the investment banks are really pursuing the important task for the country. They are helping the entrepreneurs and other business entities to spread their business so that they put some contribution to the process of making our country developed.
Also, they are helping the firms and companies to merge so that they overcome the losses incurred. All these tasks are really appreciable. At last, the only thing which is necessary to illustrate here is that the impeccable reputation of investment baking should be maintained, and this responsibility is on the shoulders of our young and talented investment bankers who have a Career in Investment Banking. And we really hope that they will not let our country came down.
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