Offering highly lucrative opportunities for individuals, investment banking is a specialized sub-field within finance that concerns stock markets, investment, fund management, financial modeling and much more. Goldman Sachs, JP Morgan, Morgan Stanley, Blackrock, amongst others are some of the leading finance corporations that offer opportunities to interested and qualified individuals. These organizations provide the candidates with a platform to work in a fast-paced environment involving heavy usage of financial tools and techniques, risk management methods, etc. This blog focuses on the offered types of investment banking jobs and what it entails.
Investment Banking Jobs: Introduction
Before delving into the various investment banking jobs, it is important to throw some light on how an individual can make a rewarding career in finance. At the outset, one can start with a highly focused bachelors in business finance which offers students a necessary fundamental understanding of the mechanics of finance, banking, and accounting. Further, one can go for an MBA or MSc in Finance or otherwise, pursue professional certification such as the CFA Course, FRM, etc. Furthermore, the levels at which companies generally offer these jobs also usually vary according to the level of qualification gained and years of experience. Take a look at the following list to know more about this structure:
- Sr Analyst/Senior Associate
- Vice President
- Managing Director
Types of Jobs
Depending on the nature of the industry, for instance, investment advisory, fund management, trading, insurance, etc, the objectives and work requirements of prevalent investment banking jobs also differs. The following paragraphs attempt to summarise the nature of work you can expect to encounter if you want to make a career in investment banking:
- Portfolio Manager
Required both in companies who undertake Retail (personal) or institutional investment, the job of a portfolio manager involves heavy research into the selection of stocks and commodities as per the investor’s intent. Since investment comprises making decisions of risk and reward for both short and long terms, the avenues of investment also change. Portfolio management is typically considered a type of mid to senior-level investment banking jobs and often requires a professional qualification.
- Investment Banking Analyst
The job of an investment analyst is amongst the leading investment banking jobs. It can range from sifting through the company’s financial documents, analyzing historical records, credit analysis, and valuation, amongst others. The responsibilities are wide-ranging which spread across administrative and presentation tasks as well. Typically, for an entry-level position, one requires a specialized undergraduate degree in the field of Finance. But to flourish more in this sector, a postgraduate qualification is recommended.
- Financial Planner
A different category of prevalent investment banking jobs, financial planning involves the suggestion of stocks and securities depending on the objective of the investor. With investment becoming a tool of saving for important goals in life, for instance, education, marriage, and retirement, the job of a financial planner has become even more crucial. Certifications like Certified Financial Planner are generally recognized for starting a career in financial planning.
- Risk Analyst
The finance industry, more often than not, involves decisions of risk and rewards. A risk analyst’s job entails comprehensive analysis of types of available securities like debt-equity, large capital intensive, small capital intensive and a host of other categories. The Financial Risk Management certification is the most appropriate qualification if you want to start your career as a risk analyst.
- Traders & Brokers
Individuals who carry out buy and sell transactions themselves or on behalf of investors are respectively named traders and brokers. Trading may involve long term investment or short term day-trading, speculation across a huge repository of stocks, commodities, foreign exchange, derivatives, etc. However, for the job of a broker, particularly, stock exchanges and brokerage companies require industry-recognized certifications.
Apart from the above-mentioned investment banking jobs, you can also consider the following options:
- Venture Capitalist
- Investment Banker
- Financial Analyst
- Economic Analyst
Investment banking jobs require a highly specialized degree along with qualifications as the nature of the job involves a comprehensive financial analysis and proficiency in investment tools and techniques. If you want to pursue a degree or the short term courses in Finance then its important to note that the deadlines of January intake 2021 for most of the universities will be closing soon in January. Thus, if you are not sure about the admission process then the experts at Leverage Edu will not only help you write an impeccable statement of purpose but will also provide assistance in completing the admission related formalities. Hurry up! Don’t miss this golden opportunity!