All you need to know about becoming an investment banker

All you need to know about becoming an investment banker
Investment banking is in trend nowadays. It is one of the most high-paying job sectors in India which ensures a bright and secure future. Many students after completing their studies, think of pursuing the field of investment banking.
As people are focusing more on investing and creating capital instead of just earning it, the demand for investment banking professionals has also increased. Investment banking is a service incorporated with finances where the investment bankers provide advice and directions for the people for investing their wealth for fruitful returns in the future. If you are also interested in the field of investment banking, then you are at the right place. Today, we will discuss everything about the investment baking domain and investment bankers. So fasten your seat belts and let’s begin the journey of understanding investment banking.
What is an investment banker?
Let’s start with the basics first. An investment banker is a finance professional that guides people who want to invest their money or their wealth. The main responsibility of the investment banker is to make assets and reduce the liabilities of the client. Mostly wealthy people and people with high net worth take the assistance of investment bankers for increasing their wealth.
Investment banking is the service that is provided by many corporations, bank sections, organizations, etc. for helping their clients in raising money. The investment bankers provide services like getting a bond, buying stocks, mutual funds, etc.
How to become an investment banker?
Investment banking is a very competitive, dynamic, and fast-paced field. An individual needs good adaptability to enter, accomplish and stay in the field. In India, there is no fixed degree required to become an investment banker, but there are few courses that help in adding more value to a person’s resume if he or she wants to become an investment banker. Having degrees related to finance and the economy is really helpful.
• B.Com [ Bachelor of Communication]
• Bachelor of Arts [ BA] in economics/finance
• Chartered Financial Analyst [CFA] course
• Bachelor of Business Administration [BBA] in Finance
Above mentioned courses and degrees are for students who are trying to find a direction to become an investment banker after their schooling. These are graduation courses. After that, if a person further wants to continue his or her studies in the field of investment banking then, doing an MBA [ Masters of Business Administration] in Finance/ Economics will be the best alternative. You can also opt for Maters of Arts [MA] in Economics. Doing a master’s degree strengthens the resume and provides a good scope of development along with a higher salary package.
Skills required to become an investment banker
Formal education is very important in any field and investment banking is no exception. But in a dynamic field, skills play a more important role. If you have good skills then even with average education you can easily excel in this field. Let’s see what skills are required to become a good investment banker;
• Analytical skills
• Leadership skills
• Communication skills
• Interpersonal skills
• Time management
• Energy-driven
• Self-confidence
A good investment banker should have strong analytical skills to calculate risks and returns in advance. Having a good eye for all the data is very important. But just having the data isn’t enough. A good investment banker should also be able to calculate and conclude that data. That’s why having good numerical skills is also a priority. Leadership skills are required to conduct and manage the team in the best possible way.
It is very important to communicate and explain the ideas and thought process with your team members and good communication skills are the major necessity for that. Every second matter in the field of investment banking that’s why efficient time management skills are a must. Many challenges come forward but a good investment banker should be able to cope up with them with his or her energy-driven attitude and self-confidence.
Job profiles and salary of the investment banker
The job profiles in the investment banking sector are varied and wide-ranged like analyst, associate, leadership roles like manager, etc. These all are the roles that you can get as an investment banker.
In this field, experience is very important. The more experienced a candidate is the more possibility of him or her becoming an asset for the company. This also affects the salary package of the candidate. The average starting salary package of a candidate is around 5 to 6 lakh per annum. Without any experience, the candidate can get up to 3 to 4 lakh. With an intermediate experience level, the candidate can receive up to 10 to 15 lakh while highly skilled and experienced professionals get up to 50 lakhs in this field. Investment banking proffers large scope of development.

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