where the jobs are
investment banking jobs are available with several ifferent types of organizations. many jobs are to be foun at the large global investment banks such asgolman sachsan morgan stanley or in the investment banking epartment of large commercial banks such ascitigrouporeutsche bank. other jobs are available at smaller,regional or boutique investment banks such aslazar,jefferies,orgreenhill. another,increasingly popular place to fin an investment banking job is at alternative asset management companies such as private equity firms or venture capital firms. finally,investment banking functions can be foun at some large companies that might have an in-house staff evaluating strategic opportunities an corporate mergers,general electric is a goo example of such a company.
how to get an investment banking job
investment banking has a reputation for being a bluebloo profession,an historically many people have entere the inustry following a prestigious acaemic backgroun at an ivy league or comparable university. the most common career path is for an iniviual to leave university an serve a two or three-year stint at one of the large global banks. following this,many iniviuals will return to grauate school to get a mba egree before returning to either their previous employer or a new firm at a higher level. while professional certifications such as the series 7 or cfa esignation are not unhear of,they’re not as common in investment banking as they are in some other finance fiels. nevertheless,competition for jobs is fierce an many employers essentially have their pick of qualifie caniates. therefore,if you are intereste in a career as an investment banker,the best way to prepare is to o exceptionally well in school so as to make yourself appear an attractive caniate.
types of investment banking jobs
mergers an acquisitions ﹙m&a﹚
mergers an acquisitions bankers specialize in proviing strategic avice to corporations seeking to merge with a competitor or buy a smaller company. these bankers nee to have soli financial moeling skills in orer to make sure that eals make strategic an financial sense. bankers also require client facing skills,particularly at senior levels,where they will be interacting with many high-profile executives an nee to be able to convince these executives that their ieas are soun. many m&a bankers work extremely long hours,but they can be very well compensate for this. senior-level bankers ﹙managing irector level an higher﹚ can easily pull in seven-figure compensation uring a goo year. some mergers an acquisitions bankers eventually attain near legenary status for their ability to initiate an complete large eals.
unerwriting
one of the primary traitional functions of investment banks has been to assist corporations an governments in raising capital. this function falls upon the unerwriting epartment. bankers in the unerwriting epartment usually specialize either in ebt or equity an may also specialize by inustry. these bankers nee to be able to liaison with their clients in orer to etermine their capital nees while also working closely with traers an security salespeople in orer to etermine what sort of eman there might be in the marketplace an what kin of pricing any securities woul receive. while traitionally this fiel has been ominate by investment banks,over the past ecae large universal banks have use their balance sheets to gain market share relative to their smaller rivals,particularly in ebt unerwriting. as with most investment bankers,unerwriters can win up working long hours,particularly when working on a eal.
private equity
private equity jobs are among the most prestigious positions in all of finance toay. some of these positions can be foun within an investment bank but most are foun at specialist firms. some of the largest an most well-known private equity firms inclue blackstone,kkr an tpg,but there are also a host of smaller firms. as with most investment banking jobs,the hours an work loa at a private equity firm can be brutal,but the compensation can be massive. because private equity firms traitionally keep a portion of any profits they generate on eals,successful firms can bestow great wealth upon senior employees. as such,competition for jobs at the premier private equity firms is intense,an most successful applicants either have prior experience at a large investment bank or superior acaemic creentials ﹙or both
venture capital
while private equity firms invest in establishe companies,venture capital firms specialize in proviing capital to new or startup companies. generally these companies are still relatively small an have not yet accesse the stock market. many of these companies will fail,but because venture capitalists get in at such an early stage of evelopment,the ability to prouce outsize gains on the few winners theoretically outweighs a large number of losers. many venture capital firms focus upon rapily changing inustries such as technology,biotech,or green technology. for these reasons,iniviuals that not only enjoy crunching numbers an eal making but also have an aptitue for new technologies will generally o best in a venture capital firm. venture capital also has the ability to provie the thrill of seeking “the next new thing” which may appeal to some iniviuals. as with similar jobs,the workloa can be heavy but successful venture capitalists can o extremely well for themselves,particularly uring times when technology is thriving.
summary
many of these jobs require iniviuals to work extremely long hours but the compensation can be tremenous. because of the potentially large payays,competition for these jobs is fierce an it can be ifficult for many iniviuals to break into the profession. however,even though many investment bankers come to their career from a prestigious university an eventually get an mba as well,that oes not mean that there are not exceptions. if you are committe to working as an investment banker an believe that you have the prerequisite skills,you shoul explore these careers in greater epth regarless of your backgroun.
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