What Does an Investment Banker Do?
Investment Bankers collaborate with business professionals or individuals in building their capital. They conduct research on common financial and market trends to build and implement detailed financial models. These models will help businesses accurately determine their profitability and review certain financial deals.
Many of them supervise and oversee IPOs and any private equity settlements. They also manage and support clients during corporate expansions and any personal enterprises they pursue. Investment Bankers are also responsible for examining all risks that come with certain investments and advise their clients accordingly.
Investment Banker Skills and Qualifications
Investment Banker candidates should have specific skills to accomplish their duties efficiently. A solid understanding of the financial market and its current development is a crucial asset to excel in this position. The ability to communicate in a professional manner, even when under pressure is also valuable. Finally, they should demonstrate determination and adaptability. Other useful skills to excel in the position of Investment Banker include:
- Excellent verbal and written communication skills
- Valuation, forecasting, and modeling experience
- Knowledge of securities and M&As regulations
- Outstanding analytical and mathematic skills
- Strong work ethic and professionalism
- Detail-oriented
- Decision making skills
Investment Banker Salary Expectations
The average salary for an Investment Banker is $60,334 per year. Investment Bankers usually earn a base salary and have the opportunity to earn a significant bonus. They can sometimes gain commissions on securities they sell or bonuses when they close deals like mergers and acquisitions.
Investment Banker Salary Expectations
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Common salary:
119927.82 YEARLY -
Typical salaries range from
14000.00 -352000.00 YEARLY - Find more information on Indeed Salaries
*Indeed data –
Investment Banker Education and Training Requirements
The Investment Banker position requires a degree in business administration, finance or a similar field with courses in economics and accounting. A Master of Business Administration degree is the most common among investment professionals. Candidates can start at entry-level positions with a bachelor’s degree, but high-level positions require an MBA. Law degrees can also be useful. Investment Bankers must be registered as a representative of their bank with the FINRA (Financial Industry Regulatory Authority). To do so, they need to pass an examination and attend continuing education. The Chartered Financial Analyst certification is an asset as it demonstrates the candidate’s knowledge in financial markets.
Investment Banker Experience Requirements
Although internships in a finance work environment are an asset for first-year hires, employers don’t typically require experience from Investment Banker candidates holding a master’s degree. A candidate who didn’t complete a master’s degree should have at least three years of experience in a finance or business position. Previous contact with securities, stocks and bonds is valuable. They should also demonstrate computer proficiency with the Microsoft Office suite.
Job Description Samples for Similar Positions
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