A Look At Investment Banking As A Career Option
Published in online course, investment banking, career by parul
A Look At Investment Banking As A Career Option
www.JobDiagnosis.com is the best place to look up information if you are considering a career in investment banking. Government and corporations are aided by investment banks in underwriting and issuing securities who are broker/dealers. Investment banks also help investors in purchasing and trading securities give them advice and assists them in managing their financial assets. Investment banks also provide advice regarding strategic planning, corporate restructuring, mergers and acquisitions. Some of the leading investment banks are Goldman Sachs, Morgan Stanley, First Boston and Credit Suisse. Citigroup, Lehman Brothers, JPMorgan Chase and Merrill Lynch are some of the other well known investment banks. New York, London, Tokyo, Singapore, Moscow and Hong Kong are some of the places where investment banks are concentrated.
Investment banking can be a great start if you are interested to learn all about corporate finance and desire to hone your analytical skills. There are many career options in the field of investment banking. You can work as a rating analyst, investment banking analyst, an investment banking associate or an investment banker.
As you browse through www.JobDiagnosis.com you will learn what skill sets are in demand for a career in investment banking. You will learn how it is absolutely essential to have good interpersonal as well as communication skills. They must be able to work as a team, working towards a common goal effectively. The candidates must be able to synthesize large amounts of data and must have good analytical skills. They must be able to pick up signs of change in the market trends and be able to make accurate and quick decisions. This can be a tiring career as people in this field work long hours, nearly 24/7, but it can be extremely rewarding financially. Success in this field requires dedication and had work. They must also understand current market trends, judge accurately what future market trends will be like. They must understand the implications of the political environment on the market and be able to analyze the impact of the macroeconomic environment. They must be good in math and have a way with Excel spreadsheets. It will help if the students have an advanced degree in mathematics or if they are qualified CFAs. Lawyers, MBA graduates and scientist can also find good employment opportunities in this field if they are looking out for a career change. Some people who have worked as rating analysts have secured employment in the field of investment banking too. Rating analysts evaluate firms and governments that issue bonds to pay off debts.
www.JobDiagnosis.com can help clear any doubts you may have regarding considering a career in investment banking. Investment banking analysts scrutinize company financial statements and analyze commodity prices, tax rates etc. to get an idea of the company's current and future value. If you wish to make a start you may secure an undergraduate degree in accounting, finance that can help you secure a job as an investment banking analyst. It will be a good idea to take up advance programs in risk management, options pricing, bond valuation etc. Prior work experience as well as experience in corporate finance can make it easier for you to get a job at one of the top firms. It will always help if you had an internship period that will give you first hand experience of the work environment. Analysts held about 221,000 jobs in 2006 and their employment growth rate is projected at 34% which is very good. heir median annual salary was $66,000 in 2006.
At www.JobDiagnosis.com you will learn that analysts can improve their educational qualifications by taking up MBA programs to help them secure the job of an associate. As an investment banking associate your tasks are similar to that of an analyst but tougher. Associates will be expected to evaluate and analyze the financial performances of businesses, build models of deal structures and prepare presentations for clients. Prior experience ranging from 3 or more years will be an added advantage. Their salary can range from $70,000-300,000 depending upon their duties, experience, educational qualifications and the firm that they work for.
Associates with more than 10 years experience, who have experience in sourcing, executing and closing different types of transactions, posses excellent negotiating skills and have good contacts in the industry can expect promotions as investment bankers after they have secured the National Association of Securities Dealers (NASD) Series 7, 24 and 63 licenses. They can expect pay ranging from $300,000 to $1000, 000. They must have the acumen to plan and execute financial plans for clients while being adept at handling privatization of government assets. One of their tasks will be to expand client base by building a reputation as being extremely good at what they do. If you want to have a career in this field www.JobDiagnosis.com can be the best place to find out if you have the right aptitude. Many youngsters make decisions hastily which can prove to be a costly mistake as they may find themselves in a crossroad at some point in the future wondering if they need to make a career change.
www.JobDiagnosis.com will help you get to know yourself better, help you understand your talents and guide you in making the right educational as well as career choices. You will learn information that can influence your decisions like how investment bankers work 24/7 leaving them very little time to have much of a personal life. Financially it may be very rewarding but your personal life may take a serious blow. It can be tough to make decisions regarding which career to opt for or what kind of educational qualification to consider, but when you are helped by professionals who are qualified to assess your personality, skills and aptitude your task may become much easier. You will then be helped step by step in designing a career that will ensure you meet your personal goals within the shortest time possible. Why take risks when experts are there to help you take the right decision at the right time. Just browse through www.JobDiagnosis.com to learn more about careers in investment banking as well as in other fields.
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