Become an Investment Banking Analyst
The road to the profession in investment banking mostly begins with an occupation as an investment banking analyst. This job is intense, requires effort and ability to multi-task, think on your feet, pay exquisite attention to detail, and the ability to bid farewell to a traditional work/life balance. The rewards are huge and worth sacrificing. So how can you become an Investment Banker? What are the requirements? We will tell you all the steps in detail and the most common moves that you can take to secure a position at a top bank as an investment banking analyst.
Who is an Investment Banker?
When municipalities and corporations want to raise capital to fund any of their operations, they need to go to an investment bank for assistance. The profile of an investment banker is to work with these entities to underwrite or find buyers for assets like bonds or stocks to raise the needed capital that an organization needs.
Not only underwriting securities, but an investment banker can usher corporations and businesses through complex processes like acquisitions, initial public offerings or mergers. So what are the steps you need to become a successful investment banker? Find them below.
1. Get a College Degree
The most important and initial step towards becoming an investment banker is to get a college degree from a good college. A college degree of a tier A or B college in finance or economics is the initial starting point for entry-level jobs. If you want to work at a reputed investment bank, subjects like accounting and business are also very common educational backgrounds.
If you want to work in investment banking, then you can tilt the odds in your favor. If you continue to stick to the traditional methods and fields of study that are most related to your career goals.
2. Get an Advanced Degree
If you have completed a bachelor’s degree and aim to strive for more than the average investors, then you should begin a masters course. A master’s degree can improve your career aspects greatly. You can also look for a master’s degree in business administration (MBA). In addition to that, you can add an advanced degree in math to increase your appeal.
3. Nail Down an Internship
Companies require experience. They want applicants to have experience in the industry they are going to work in. Internships provide a great way for graduates and students to attain full-time employment in every trade or profession. Internships also provide you with opportunities to explore different fields of the same background. If you wish, you can also choose a sub-category domain to master your skills.
By doing an internship, you can gain exposure to the industry, culture, work experience, and impress potential employers. Also, internships make your resume stand out from the stack of resumes on the desk of HR. You can also make your resume stand out by doing internships in reputed banks.
