How can I get into investment banking? What should be my goals? I am pursuing second year in B.Com.

There's no doubt getting into investment banking is hard primarily because it is the most prestigious job in the Financial Services Industry. Traditionally, companies hire from elite universities and colleges for their entry-level position, but things are changing as banks understand the need for diversity and different backgrounds. Here are some of the usual, and unusual paths, to an Investment Banking career and some tips on how to secure that lucrative job. Entry Level Analyst Investment Banking Opportunity This is when you join an Investment Bank after finishing your undergraduate degree. Most Bulge Bracket investment banks will take part in the placement rounds at various colleges. The problem with this approach is that unless you go to these colleges being part of these placement rounds is quite tough, especially since many boutique banks do not hire in large numbers. Even if you are not part of a college where an Investment Bank comes to hire, nothing stops you from sending in your resume. And in the event that doesn't work, you should consider joining a large financial institution in a different role like corporate banking or even a broking firm. This work experience will set you up for a good MBA which can then help you secure a job in the field. Entry Level Associate Investment banking Opportunity This is perhaps one of the most popular ways to get into an investment bank and usually involves joining them as an associate after a few years of experience and an MBA with a specialisation in Finance. The great part about this route is that even if you didnt go to an ivy league college, your MBA will now stand you in good stead since most Investment Banks prefer this route over most. Most bulge bracket and boutique banks are part of placement rounds in well recognised MBA schools globally and in India. Lateral Roles Investment Banking Opportunity While the bulk of Investment Banking roles get filled at Associate level through MBA placements, many roles are filled via lateral movements from different professions in various industries. Corporate Investment Banking Unit Many aspirants tend to forget about the route, but if it is experience and role that's important, this is perhaps as good as working in an Investment Bank with respect to responsibilities and role without having to do business development or secure clients.

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Let me brief you about Investment banks first. Investment banking is divided into three broad areas, the front office, the middle office, and the back office. 1. The front office comprises the client facing roles like traders, mergers and acquisition analysts, underwriters etc. 2. The middle office consists of research and risk management roles like equity research analysts, risk managers etc. 3. The back office recruits employees for support roles who take up tasks like clearing and settlement processes, bookkeeping etc. Now for you, if you are a graduate in finance B.Com BBA BMS etc. ), then you can do some certification courses and get into the back office roles. You won't be recruited for the middle or front office roles. If you are an engineering graduate, then also you have a chance of getting recruited for back-office roles. You can refer to the following article to understand how to start a career in investment banking: How can a graduate get into Investment Banking - <a rel="nofollow" target="_blank" href="https://www.learnwithflip.com/blog/for-individuals/how-can-a-graduate-get-into-investment-banking/" style='word-wrap:break-word;'>https://www.learnwithflip.com/blog/for-individuals/how-can-a-graduate-get-into-investment-banking/</a>.

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To get into investment banking after B.Com, you need to gain work experience in the field of banking. After getting 2-3 years of work experience, you will be rated to switch for a job in investment banking. Another option, you can pursue MBA from a top B-school in the field of finance or BFSI and get into a good investment banking company like J P Morgan, HSBC and Credit Suisse.

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