Understanding The Job Of An Investment Banker
| 04:20:00 |
Investment banks refer to financial institutions that help governments, corporations, and individuals to raise financial capital by underwriting or acting as an agent of the client in issuing of securities. These banks are contrasted from commercial and retail banks in that they do not take deposits. An investment banker (IB) is the person who works in the investment banking sector or in a division of a large bank that offers the aforementioned services.
Various degree programs can prepare one to work as an IB. Some of the most common courses include finance, business, and accounting. Many job positions usually require a bachelor degree for one to qualify. However, for higher positions, one may need to have a master degree in finance or business administration among other courses. Employers prefer programs in business administration because they provide students with actual field experience.
Undergraduate and graduate programs in this profession give emphasis on proper professional behavior and the significance of grasping business ethics. People who complete training may also be addressed by other job titles financial manager and floor broker. Training courses cover many areas including principles of taxation, corporate finance, accounting, and investing. Individuals who enter companies at the entry-level train on the job. Most individuals with advanced degrees usually start working at associate level and are exposed to more opportunities for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most of the hours these bankers work are spent consulting with customers. Other responsibilities they handle include conducting research, maintenance of data in spreadsheets, and creation of reports. They may be required to do data analysis and offer recommendations. Once in a while they may spend time out of the office to meet probable clients and build industry relationships.
As it can be seen, these individuals are usually very busy. Once they are in the office they rarely get time for other things. They work overtime and often have to break from their weekends of holidays to attend to work or clients.
The annual salary of these bankers was 102, 510 USD in 2013. Besides the basic salary, they also pocket commission of products sold. Those that hold higher positions are likely to earn more because they are more experienced.
Various degree programs can prepare one to work as an IB. Some of the most common courses include finance, business, and accounting. Many job positions usually require a bachelor degree for one to qualify. However, for higher positions, one may need to have a master degree in finance or business administration among other courses. Employers prefer programs in business administration because they provide students with actual field experience.
Undergraduate and graduate programs in this profession give emphasis on proper professional behavior and the significance of grasping business ethics. People who complete training may also be addressed by other job titles financial manager and floor broker. Training courses cover many areas including principles of taxation, corporate finance, accounting, and investing. Individuals who enter companies at the entry-level train on the job. Most individuals with advanced degrees usually start working at associate level and are exposed to more opportunities for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The duties of these bankers are very many, but typically revolve around creating connections between business in need of financial support and investors. They assist private corporations in going public by having their IPOs structured. IPOs undergo through thorough scrutiny and it is the work of these professionals to ensure that the company passes them. Another specialty of these professionals is in mergers and acquisitions. Companies that intend to merge or buy other companies need the advice of these bankers on structuring the deal. They also need advice on analyzing profits or losses and developing detailed agreements.
Most of the hours these bankers work are spent consulting with customers. Other responsibilities they handle include conducting research, maintenance of data in spreadsheets, and creation of reports. They may be required to do data analysis and offer recommendations. Once in a while they may spend time out of the office to meet probable clients and build industry relationships.
As it can be seen, these individuals are usually very busy. Once they are in the office they rarely get time for other things. They work overtime and often have to break from their weekends of holidays to attend to work or clients.
The annual salary of these bankers was 102, 510 USD in 2013. Besides the basic salary, they also pocket commission of products sold. Those that hold higher positions are likely to earn more because they are more experienced.
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