How to get into Investment Banking?

Investing Banking business is one of the most complex and competitive structures of the financial sector. Before getting into Investment Banking, one should have a personal interest in finance, communication skill, interpretation and analytical skills, and personal attributes. However, the following points shall be taken into consideration for this purpose:

1. Obtaining Relevant and Appropriate Degrees

Investment Banking jobs are competitive jobs with lots of complex activities. A proper high-level educational degree is required to enter this field. Some of such qualification includes BSc in Finance (Investments), Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Certificate in Investment Management (IMC), and Portfolio Management.

2. Participating in an Internship

Degrees are not enough to get you a job to understand the complexity of the financial market, one should gain experience by participating in internship programs at Investment Banks, cooperative educational programs, or entry-level jobs in finance or accounting.

3. Working on Strong Analytical and Communication Skills

Investment Bankers have to deal with massive data every day. It’s important to work on analytical skills to understand complex financial data. Not only analysing and understanding is enough, one should have good communication skills to convey such data interpretation to their clients. Such expertise comes with practice, coursework, and extracurricular activities.

4. Building a Network

Building networks and connecting to professionals is another mantra to grow in this career. Attending networking events, career fairs, and informational interviews are steps to building such connections. Besides, technology makes it easier by providing online platforms (LinkedIn) to connect with such professionals from any part of the world.

5. Interview Preparation

All the knowledge and experiences shall be executed to crack an interview. Be smart enough to answer technical and behavioural questions. Learn to communicate your skills and personal attributes along with justifying why such skills and attributes make you perfect for the job.

6. Continuous Up-gradation Process

Investment Banking business is not just complex but also versatile due to the continuously changing nature of the financial market and economic affairs. So, to grow in this field person shall be open to the learning process and up-gradation courses to grab the opportunities coming on the way.

Investment Banking in a common language can be understood as a part of a Banking System specialized in raising funds for an Organisation (or Individuals), Governments, and other entities along with providing financial aid in important decision-making like Mergers, Acquisitions, Diversification, and Reorganisation. Investment Banking also includes activities like initiating Initial Public Offering (IPO), Underwritings of new securities, guidance in the placement of stocks, conducting financial research, and so on. 

Every business plan needs a monetary investment and financial management for its execution. However, the owner and his team can arrange and manage finance for a small-scale business, but large-scale Start-Ups and well-established Corporate-Units (both Public and Private) require huge finance to run their business. The primary concern of big units is the Investment and Management of the massive Finance of these units. At this point, a concept of Investment Banking pop-ups as a solution to all the financial problems of big enterprises.