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.
A lot of emphasis is placed on understanding of business ethics and proper professional conduct by undergraduate and graduate programs. Titles such as floor broker and financial managers may also be used to refer to individuals who finish training. Many areas are covered during training including principles of taxation, accounting, investing, and corporate finance. Training is offered to people who join companies at entry level. For those with advanced training, they have greater opportunities for being promoted and they usually enter companies at the position of associates.
These professionals have a very bright future. Job have been reported by the US Bureau of Labor Statistics to grow by 11 percent between the years of 2012 and 2022. The expansion in jobs will happen in 3 major sectors, financial, commodities, and securities. Retiring baby boomers are expected to create demand for these workers as they retire from work.
The duties of the bankers are numerous and very diverse. However, the duties are basically built around connecting investors to businesses that need finances. They help in structuring IPOs for private firms so that they can go public. They work around the clock to beat the scrutiny placed on IPOs until they launch. They also specialize in acquisitions and mergers. They help to structure deals that lead to mergers or acquisitions. They also help to develop agreements and analyze losses and gains made by firms.
When working, these bankers spend most of their time consulting with clients. They also conduct research, create reports, and maintain data in spreadsheets. They are also required to analyze data and give recommendations based on the analyzed data. Additionally, time may also be spent outside the office building industry relationships or meeting probable clients.
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.
A lot of emphasis is placed on understanding of business ethics and proper professional conduct by undergraduate and graduate programs. Titles such as floor broker and financial managers may also be used to refer to individuals who finish training. Many areas are covered during training including principles of taxation, accounting, investing, and corporate finance. Training is offered to people who join companies at entry level. For those with advanced training, they have greater opportunities for being promoted and they usually enter companies at the position of associates.
These professionals have a very bright future. Job have been reported by the US Bureau of Labor Statistics to grow by 11 percent between the years of 2012 and 2022. The expansion in jobs will happen in 3 major sectors, financial, commodities, and securities. Retiring baby boomers are expected to create demand for these workers as they retire from work.
The duties of the bankers are numerous and very diverse. However, the duties are basically built around connecting investors to businesses that need finances. They help in structuring IPOs for private firms so that they can go public. They work around the clock to beat the scrutiny placed on IPOs until they launch. They also specialize in acquisitions and mergers. They help to structure deals that lead to mergers or acquisitions. They also help to develop agreements and analyze losses and gains made by firms.
When working, these bankers spend most of their time consulting with clients. They also conduct research, create reports, and maintain data in spreadsheets. They are also required to analyze data and give recommendations based on the analyzed data. Additionally, time may also be spent outside the office building industry relationships or meeting probable clients.
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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