Who is an Investment Banker?
A lot of people know that investment banking is a very profitable field. If you tend to score even an entry-level job in investment banking, then it will quickly start paying you a six-figure monthly salary at the least. When it comes to senior professionals they happen to earn tens of millions of dollars every single year. That being said, have you ever wounded what exactly it takes to become an investment banker? In this article, we are going to outline all the steps required to become a top-notch investment banker. Let’s start.
In investment banking, getting to the top happens to be a multi-step process. It requires a good mix and combination of things such as education, ambition, hard work, skill, experience, connections, and more.
As of right now, in the United States, there are nearly 17,000 investment companies. However, among them, less than 24 companies happen to be significant on a global scale. Thus, you must decide whether you wish to work for an international organization or just a smaller nationwide company only.
What kind of training is required to become an investment banker?
Now that you have decided which type of organization you want to join. First, get yourself a college degree in either finance or economics. Both of these fields of study happen to typically provide a great starting point for you to land an entry-level job at an investment bank. Apart from those two subject areas, accounting and business also happen to be common educational backgrounds, therefore you must not exclude them.
Also, make sure you get into a top-tier college or university because investment banks generally recruit from the best colleges and universities in the entire world. In the U.S., fledgling investment bankers happen to often chosen from Ivy League schools. In Great Britain, the top choice always seems to be the London School of Economics consistently with University College London, the University of Cambridge, the University of Oxford, and the University of Warwick lining up as permanent leaders.
Now one can ask if after attending a less prestigious institution and one can still achieve their goals? Sure they most certainly can. He or she should, however, remember to simply choose the right field of study. That being said, if you get into a prestigious school or university then it will definitely tip the odds in your favor.
How can I find a job as an investment banker?
It is also important to note here that if you graduate at the top of your class, then you will put yourself in an excellent position to draw the attention of the campus recruiters and hiring managers.
Lastly, make sure you network like crazy to find yourself the first entry-level job. Be it various industry groups, the company you intern for, or even family and friends, every single one can be really good sources of networking opportunities. So never miss out on networking.
This brings us to the end of our discussion on how to become an investment banker. Now, do let us know some of your personal thoughts on the same.
