Depending on the company, Investment Bankers may be responsible for many duties or they may be specialized in one specific area. However, no matter what they do, the primary focus of an Investment Banker is to help clients raise money by selling equity or issuing debt in companies.
An Investment Banker must be both aggressive and persuasive. They are the go to people for companies that want to find qualified investors with money to invest. As such, they must be aggressive enough to go after any possible lead and persuasive enough to convince that lead to part with large sums of money. In addition to being a good salesman, an Investment Banker must also possess a capacity for financial analysis so that they can advise their clients.
Investment Banker responsibilities may include:
Investment Bankers work among the wealthy and elite, and as such are expected to be experts within their field. In order to effectively advise clients and generate funds, a skilled Investment Banker will:
Investment Banking is a highly competitive field that can offer a 6 figure income. However, the requirements to become an Investment Banker are surprisingly easy. Most Invest Bankers only have a Bachelor’s Degree and there are a few that have even less than that. An MBA will certainly set you apart from applicants and is necessary for management positions. Many positions will also require applicants to complete a set of difficult tests, such as the Series 7, Series 79, and the Series 63 in order to get various banking licenses.
More importantly, an Investment Banker must show strong interpersonal skills, such as competitiveness, persuasiveness, and a tireless work ethic. Because the amount of applicants outnumber the amount of jobs in Investment Banking, you must be able to put in the time and effort needed to stand out.START INTERVIEW NOW START INTERVIEW NOW
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