What is investment banking? What is its scope, criteria, eligibility criteria, etc.?

Investment banking is a truly up and coming career option that is becoming growingly popular among the ambitious youth in India. An investment banker, simply put, is someone who helps their client (often a bank or a financial firm) invest their money in a way that will help them yield the highest possible returns. These jobs come with a lot of responsibility like dealing with debt, stocks and bonds, mergers and acquisitions, securities and derivatives. Being a successful and good investment banker is bound to be a challenge. Cracking this code requires you to be great with numbers. In addition, you need to also possess substantially good verbal and written communication skills. Honing your presentation skills will also benefit you enormously to land that dream job. Investment bankers are required to do extensive research of the market before making any suggestion about potential investments and would thus need to have their research and analysis skills on point. Endurance is also a key in this highly-stressful job with long and, often, odd hours. That being said, there are also a number of reasons the youth in India is flocking towards this career. It is an exceedingly rewarding job with rewards in monetary terms as well as personal and career growth. It is a fast-paced job that requires you to be on your toes a lot and be constantly updated about the market which changes a lot. This leaves an enormous scope for learning which is a truly valuable thing in anyone career. Another very important reason for this being a popular career choice in finance is that this job gives you pathways to bigger careers like entrepreneurship, wealth management and venture capital. The good news for anyone considering this career is that you don't require any specific stream. You can get into the field irrespective of if you have a background in Science, arts or commerce as far as your subjects are related like maths and economics. As for higher education, any aspiring investment banker in India is required to have an MBA degree (Masters in Business Administration). Some institutes also provide diplomas and certificates while some even conduct workshops for investment banking. Top institutions in India for the field of investment banking are ones like Institute of Chartered Financial Analysts of India University and Symbiosis School of Banking Management.

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If you're thinking about a career as an investment banker, you will need at least a Bachelor's degree and some work experience, as this is not an entry-level position. Some firms only hire candidates with master's degrees, and most investment bankers work in their own offices or they travel to their clients' workplaces. Investment bankers perform a variety of roles, from advising clients on financial strategy to raising money for businesses. While some firms hire applicants who have a Bachelor's degree, others prefer candidates who have an advanced degree.

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Investment banking is a specific division of banking related to the creation of capital for other companies, governments and other entities. Investment banks underwrite new debt and equity securities for all types of corporations, aid in the sale of securities, and help to facilitate mergers and acquisitions, reorganizations and broker trades for both institutions and private investors. Investment banks also provide guidance to issuers regarding the issue and placement of stock. A Bachelor's degree in business administration or a related field like finance is required to become an investment banker. The average salary at these banks range from a fixed pay of INR 1.2 million to INR 2.2m with the bonus ranging between 40% to 80% depending on bank's performance in that fiscal year.

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