Investment banking offers financial services, banding products, investment advice to high-net value and institutional investors. It also assists government organizations and companies to release stocks, bonds, and other securities that are exchanged on several stock exchanges all over the world.
Investment Banking Analyser (Analyst) works directly with asset managers, risk managers, product specialists, people with careers in Accounts and client managers to help their investment banking group. In fact, it is usual for bankers to start their careers as analysts when entering an investment banking enterprise.
What are the Major Functions of an Investment Banking Analyst?
Generally, Investment Banking Analysts help lead leaders associated, and VPs in investment banking organizations by examining financial statements, scheduling internal conferences, and developing financial models. The analysts generate brochures, write pitch letters and proposals, supervise scheduling, and assemble weekly newsletters.
They also conduct extensive research on existing market trends and improvements, control trades, respond to client calls, modify prospects, and collect presentations. The expert analysts who work for huge investment banking enterprises normally concentrate on a specific industry, geographic region or product type.
All Investment Analyst aspirants should possess a bachelor degree in business administration, finance, accounting, financial engineering, actuarial science, or an analogous major. Being a very competitive industry on the present market, Investment Banking companies would require candidates who are graduated from reputed universities, and most importantly with high grade-point aggregate or possess MBAs.
Training is normally provided only to entry-level investment banking analysts. If you wish to acquire extra training and experience, you can always search for college internships. Most of the firms would want the candidates to have a certification obtained from Financial Industry Regulatory Authority as a Chartered Financial Analyst.
Employers need that Investment Banking analysts have exceptional numerical, writing and communication skill sets. People with Accounts Jobs earlier fit perfectly in this role as they are exceptionally numerical. They should work fruitfully in teams, and be capable to manipulate and prioritize many projects instantaneously. The job also requires the candidates to have excellent computer skills as well as the potential to create VBA macros and operate with complicated excel spreadsheets.
They should also be well-informed about familiar industry news magazines and media feeds like the Wall Street Journal, Bloomberg, and Financial Times.
As per pay-scale survey, the average salary of an Investment Banking Analyst ranges between $50,744 and $70,714 per annul, while bonuses for this position vary from $6,878 to $44,072.
As per recent updates, jobs in the field of Investment Banking are expected to rise by nearly 12-percent in the course of decade.