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9 Things You Should Know About Investment Banking Research Team | Posted On Monday, September 23,2019, 03:40 PM

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9 Things You Should Know About Investment Banking



Investment banking is a very special banking segment and the role of an investment banker is one of the most reputed jobs around. To advance your career in this field, you must have very good knowledge on the industry and its workings.

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9 Things You Should Know About Investment Banking

If you are interested in an investment banking career then these are a few things you must know:

1. Not Just For Finance Majors:

Although investment banking is believed to be the field for financial experts, a degree in finance is not always mandatory to get recruited in an investment firm. With the digital boom in the banking industry, more and more banks are seeking individuals who have experience in coding. The investment banking sector is also accommodating candidates who are computer science engineers to incorporate innovation and technology.

2. Prepare For a Quantitative Interview:

To enjoy a career as an investment banker, you must pass the quantitative aptitude test and prove your skills. The quantitative aptitude interview is meant to test your mathematical abilities and skills. You could be asked to go through a written test or an oral test, consisting of questions posed to test your reasoning and problem-solving skills.

Investment banks have a highly competitive selection process. To improve your chances of getting a job in investment banking, develop your skills. As an investment banking candidate, you must be prepared for the quant interview. Take up online assignments and online practice sessions using online resources to prepare in a better way.  

See Also: Best Investment Plans for 2019

3. The Best Time to Look is Q4:

Every industry hires candidates at a particular time of the year. Banks normally hire in January to March. Therefore, you must do your research and send out your resume to the banks you prefer by November or December. This will keep you ahead of the competition and you will get ample time to build your connections.

4. Industry is growing:

The investment banks have been there for several years. It is one of the best sectors to work in. The industry is growing rapidly and this is the right time for you to enter the investment banking industry and further your career.

5. It’s a Resilient Industry:

Investment banks are crucial for the growth of our economy. They pay high salaries because the industry demands highly dedicated and qualified professionals. All investment banks look for the following traits while hiring a candidate which are loyalty, diplomacy, patience, high ethical standards and so on.

Like any other industry, investment banks also have their share of ups and downs. But despite such setbacks, the investment banks thrive and continue to grow. So remember, investment banks will continue to provide opportunities across your lifetime. Go for this industry if you have the above-mentioned skills.

See Also: A Five-Minute Guide to the Systematic Investment Plan

6. There’s plenty of International Opportunity:

Many investment banks deal with mergers and acquisitions, corporate restructuring, funding new businesses and taking the company public. Since these mergers are not confined to a particular country and may deal with companies around the World, investment banking offers ample global opportunities. So, if you want to expand your career globally and enjoy travel and foreign stay, this may be the right industry for you.

7. Consolidation is Prominent:

One of the major activities in investment banking involves mergers and acquisition. While advancing your career as an investment banker, you must play the role of financial broker and help companies find suitable acquisition targets. In recent times, banks have undergone a lot of consolidation. The task of an investment banker is of paramount importance in such scenarios as they have to guide the banks. While these tasks are not easy, they provide ample opportunity for entry-level candidates who want to advance their career in the field of investment banking.

See Also: Investment Planning

8. Bad Behavior  Is Controlled:

Investment banking deals with the most complex financial mechanisms. Some of the largest investment firms in India are Bank of America, Barclays Capital, Citigroup Investment Banking, Deutsche Bank, and JP Morgan Chase and co. Most of these firms operate with a zero-tolerance policy and have strict behavior codes. Such firms offer a good work environment and any kind of unethical behaviour, or corruption is not tolerated.

9. Loyalty is Valued:

If you are used to changing jobs quite often, then investment banking is not the right option. Firms often prefer candidates who are loyal and do not switch jobs too soon. It is good if you find the right fit in an investment firm, gain some experience and then make a switch.

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