I want to know about investment banking. What are the academic requirements for the same?

Investment banking happens to be among the most sought-after careers for college and MBA students in finance and business, alike. The job of an investment banker, as glamourous as it may sound, entails great responsibilities and challenges combined with abundant learning, along with the promises of a fancy Swiss vacation it brings with itself! Here are some of the qualifications that will help you take a step in the direction of pursuing investment banking as a career:A degree in finance preferably from any of the top-tier B schools- Big names like IIM- A/B/C or ISB have a good impact on the recruiter. In fact, global companies visit these campuses to recruit young professionals directly for internships or even at entry-level trainee investment banker jobs. CFA qualification- A Chartered Financial Analyst is a highly esteemed investment banking course and has a global accreditation in around 150 countries around the world. It helps in portfolio management as well as equity research. Knowledge in financial modelling- It is advisable to pair your post graduate or PG-Diploma programme with financial modelling. Not only does it give you an additional edge as compared to other students or young professionals but also, amps up your overall knowledge in the field of business from an investment bankers perspective. Additionally, knowing how to chart financial models on spreadsheets in definitely going to have a positive impact on the recruiter. An investment banking internship- A hands-on experience will definitely stand out on your resume while you are looking for opportunities to start your investment banking career. By taking on multiple, or at least one internship while in college, you not only gain exposure to the multi-faceted industry but also be able to decide which aspect of investment banking actually draws you the most. Developed knowledge on the segmented financial industry- As you move up the ladder, from an educational background to the onset of your career, a clear understanding of how the financial industry works will benefit you in multiple ways. Read up on emerging trends in the finance sector, research on highs and lows of the industry and keep-up-to-date by reading more trade journals that are likely to keep you informed about past and present market patterns. Have a solid resume or cover letter- Use the right phrases and sentences to present your accomplishments and goals in the right manner to the recruiter. Your resume and/or.

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When corporations and municipalities want to raise capital to fund their operation, they go to an investment bank for assistance. An investment banker works with these entities to underwrite, or find buyers for, securities like bonds or stock to raise the capital the organization needs. In addition to underwriting securities, investment bankers can usher corporations through complex processes like initial public offerings or mergers and acquisitions. To do this successfully, they must be well-versed in the behavior of financial markets and in the legal requirements that investment banks and their clients must meet for each process. What kind of training is required to become an investment banker? Investment bankers come from a variety of backgrounds, but a strong foundation in mathematics is important. Prospective investment bankers may have Bachelor’s degrees in finance, accounting, or mathematics, for example, but may come from other fields like computer Science or physics as well. Investment bankers receive a great deal of their training through their employer. Recent graduates of Bachelor’s degree programs typically start in analyst roles and complete a training programme before they begin their job. These training programs can last several weeks and introduce new analysts to principles of accounting, risk, markets, financial statement analysis, and financial modeling. Analysts also learn negotiation, communication, and presentation skills. After they complete their initial training, analysts often take part in continuing education that is also provided by their employer. A good way for those interested in the field to gain experience and make professional contacts before landing a job is to complete an internship. Investment banks regularly take on undergraduate and graduate interns and provide them with training and mentorship. Interns typically perform the same kinds of duties that analysts and associates perform, including gathering data, working with financial models, and interacting with clients. While entry-level investment banking analyst positions require only a Bachelor’s degree, many investment bankers pursue graduate degrees. Master of Business Administration degrees (MBAs) are most common among investment bankers, but other graduate degrees, like law degrees, can be useful as well.

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