Besides being lucrative, investment banking is one of the most competitive regions for prospective candidates to enter the banking sector. Most investment banks are looking for candidates to recruit come from top universities and business schools. To start a career in investment banking, you have very good analytical skills, communication skills and aptitude for numbers.
Career Options
Investment banking is one of the best opportunities for candidates who possess drive,Confidence and perseverance. It is not meant to have for the feint of heart, how much investment banking requires a strong personality. Endurance and power are both important, as financial service industry employees work long hours, especially when dealing with deadlines. Generally, an employee working in investment banking is between 60 to 70 hours. However, peak times can increase working hours through the weekend.
Investment banking is composed of various fieldsunder which you are suitable for a profession. Investment banks also have different departments within the various sectors. When applying to a bank, must make the candidates their opinion about which area they would like to join. The choice of region depends on their abilities and interests. Some of the sectors in investment banking are as follows:
Corporate Finance: Corporate Finance includes a number of areas such as debt and equity capital, appropriate capital structures, mergers andAcquisitions. Counseling include sector-specific specialists who are supported by a number of general service teams.
Sales and Trading: Sales and trading is considered one of the most popular areas of work in the field of investment banking. The number of employees are required to work in sales and trading departments. The work calls, think hard working people with the ability and to important decisions in just a few seconds. The fundamental role of the sales and trading staff, it isinform customers about the opinion of the Bank of certain assets and markets.
Spending as sales and trading employees most of their time, talking with customers, it is important for employees to possess strong communication skills. In addition, employees in the department of sales and trading in investment bank to have produced a complete understanding of the research of their company. They should also be able to present, challenging arguments in a convincing way to a verysophisticated client base.
Research: Employees involved in the research department offer customers up-to-date on certain areas of interest. Analysts in the research department specialize in a particular sector or region, making the development of reports that can be safely distributed to customers. In addition to the effective analytical skills, good work with the research analysts in investment banking need to have effective communication skills, the ability to thinkclear and precise ideas with confidence to the customers.
If you have a large quantity, determination and perseverance, a career in investment banking could be very lucrative, exciting and rewarding.