What does investment banker do? Here are some frequently asked questions and answers on investment bankers – the guys who advice you what to do with your money. Of course there are pros and cons of being investment banker. Stress, long hours on one hand, recompensed with great salary on the other.
How do you become an investment banker?
To be a good investment banker you’d need a strong understanding of financial accounting, finance,commerce and economics. You will require capabilities of fast decision making and working under pressure, long hours and in stress, being interested in the latest news and informations to predict and appraise. To become na investment banker go into best business school after your graduation and do MBA. Even if you’re good you’ll probably have to settle for a job in Investment Banking first. This may not be what you’d like right away, but you can always work your way up.
What does investment banker do? What do investment bankers do? Investment banker offers many banking services like the other bankers do dealing with professional businessmen and investors. As an investment banker you would raise money, hold advisory, brokerage, forex services, research and manage assets. You’d have 3 main areas to operate in: Trading (buying and selling commodities and securities), Corporate Finance (giving advise like acquisitions, mergers and raising money for them from the debt market and equity) and Research Analysis (analyzing and predicting the movement of stocks). Generally, investment banks act like common banks by connecting people who need money with institutions that have them.
What kind of hours involves an investment banker job?
It is a fast paced and long hours job. Work can be exhausting with 80 – 100 hours per week and nights spent back in office sometimes.
Is it a good to become investment banker right now?
Everyone knows that investment banker salary is extremely attractive, they make even more than doctors. But in practice an investment banker gets even more bonuses at the end of the year. For instance, an investment banker who makes 300,000 dollars per year in salary would be getting about $700,000 in bonuses. Starting salaries range from $60,000 to $180,000 per year plus $40,000 – 60,000$ in bonuses for graduates from top schools. As you go higher up the salaries rocket touch (Vice President’s getting $500,000 and CEO’s between 1 to 2 million dollars per year.
Is investment banker job stressful?
Can be very stressful. If you are serious you will have to thoroughly research and study the industry. It can be stressful of course, but it is a good option to go into regardless of the economy. The pros are great money and working conditions, quite interesting job and good rewards in most cases. If you want to know even more – read the story of a guy who was an investment banker, here.
Visitors where interested in:
- best way to invest 40000 dollars
- how to invest 40000 dollars
- what does an investment banker do