Investment banks are financial institutions which assist governments, individuals, or corporations in raising financial capital through underwriting or acting in the capacity of agents of clients in issuance of securities. These banks are different from other banks like retail and commercial banks because they never take deposits. An investment banker (IB) refers to an individual that works in investment banks or with divisions of large banks that provide the above-mentioned 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.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The bankers have numerous different duties that basically revolve around linking investors and business that need funding. They structure IPOs to help private companies to go public. Since a lot of scrutiny is placed of IPOs, it is the responsibility of these bankers to make sure the company does not fail. The bankers also offer advice to companies that intend to buy or merge with others in structuring deals. Such companies also need advice on analysis of losses or profits and development of detailed agreements.
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.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
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.
Graduate and undergraduate programs in this field emphasize proper professional behavior and the importance of understanding business ethics. Other job titles that one can receive upon completing training include financial manager and floor broker. Typical areas covered by the courses include principles of taxation, investing, corporate finance, and accounting. Positions at the entry-level entail individuals training on the job. People who have advanced degrees may start working at the associate level and be exposed to more chances for promotion.
Workers in the US have a bright future. According to the Bureau of Labor Statistics of America, there is going to be a growth of 11 percent in the industry between 2012 and 2022. This growth will affect financial, securities, and commodities sectors. As baby boomers retire from their work positions, they will be creating new demand for specialists in this field.
The bankers have numerous different duties that basically revolve around linking investors and business that need funding. They structure IPOs to help private companies to go public. Since a lot of scrutiny is placed of IPOs, it is the responsibility of these bankers to make sure the company does not fail. The bankers also offer advice to companies that intend to buy or merge with others in structuring deals. Such companies also need advice on analysis of losses or profits and development of detailed agreements.
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.
From the work responsibilities of the workers, it is obvious that they are usually very busy. They get into their offices in the morning and spend several hours working. They lack time to rest or social at work. It is typical to work overtime and to break holidays or weekends for work-related issues.
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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